Assays Confirm Continuous High-Grade Lithium Mineralisation Along Strike

Critical Resources Limited (ASX:CRR) (“Critical Resources” or “the Company”) is pleased to announce further positive assay results from the current diamond core drilling campaign at the Company’s 100% owned Mavis Lake Lithium Project. The latest set of assay results have confirmed continuity of high-grade lithium mineralisation, with a current strike length of 750m within the Main Zone at Mavis Lake. Key assay data can be seen in Table 1, full details can be seen in Appendix 1.

• Assay results confirm continued high-grade lithium mineralisation along the Main Zone at Mavis Lake, with a confirmed strike length of 750m
• Assays from Drill Hole MF22-95 confirm:
  • 9.65m @ 1.15% Li2O, from 131.6m
  • including 7.2m @ 1.5% Li2O from 132.95m
• Assays from Drill Hole MF22-96 confirm:
  • 14.75m @ 0.87% Li2O from 152.25m
    • including 7.9m @ 1.49% Li2O from 155.25m
    • including 1m @ 3.57% from 161.3m
• Assays from Drill Hole MF22-107 confirm
  • 2.6m @ 1.72% Li2O from 44.55m
  • including 0.75m @ 4.37% Li2O from 46.05m
• Assays from Drill Hole MF22-111 confirm 6.3m @ 1.76% Li2O from 103.7m

Critical Resources’ Managing Director Mr. Alex Cheeseman said:

“The deliberate and structured drilling program at our Mavis Lake Lithium Project is consistently delivering results. Importantly our most recent results have confirmed continued high-grade lithium mineralisation within the Main Zone, along a large 750-metre strike length.

Beyond the Main Zone, Mavis Lake consists of additional drill ready targets centered on mapped spodumene-bearing pegmatites, outcropping at surface. Multiple drill targets are planned and under permitting, the Company is only in the early stages of testing the true potential of Mavis Lake.

As the downstream industry continues to announce further multi-billion dollar investments into electrification of the automotive industry, and legislated change as highlighted by the European Union’s latest decision to effectively ban the sale of internal combustion engines from 2035, the industry is set for significant long-term growth and we believe Mavis Lake puts us in an outstanding postion to capitalize on this growth”.

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