Continued Spodumene Intersections at Mavis Lake Lithium Project

Critical Resources Limited (ASX:CRR) (“Critical Resources” or the “Company”), is pleased to advise that another six step-out holes have intersected significant spodumene-bearing pegmatite. 20 of 21 holes have intersected spodumene-bearing pegmatites within the Pegmatite 6 zone at the Company’s 100% owned Mavis Lake Lithium Project (“the Project”) in Ontario, Canada. Over 2,500 metres has now been drilled of the Company’s inaugural 5,000m drill program, at the Project.

Highlights

• 20 out of 21 holes of the current drilling program have now intersected spodumene-bearing pegmatite mineralisation, with a further 28 drill holes (~2,500m) of the program to run

Hole 21:

• 9.8 metres of ~14% silver-white, fine to medium spodumene laths hosted from 146.75 to 156.55 metres of pegmatite1, 2, 3

Hole 16:

• 8.45 metres of ~17% silver-white, fine to medium spodumene laths hosted from 30.5 to 38.95 metres of pegmatite1, 2, 3

Hole 19:

• 4.55 metres of ~10% white-grey, fine to large spodumene laths hosted from 114.1 to 118.65 metres of pegmatite1, 2, 3

Hole 20:

• 4.45 metres of ~11% white-grey, fine to large spodumene laths hosted from 122.45 to 127 metres of pegmatite 1, 2, 3

Hole 17:

• 2.95 metres of <5% white-grey, fine to large spodumene laths hosted from 87.25 to 90.2 metres of pegmatite1, 2, 3

Hole 18:

• 2.9 metres of ~13% white-grey, fine to large spodumene laths hosted from 53.45 to 55.35 metres of pegmatite 1, 2, 3
• 20 out of 21 drill holes have intersected spodumene-bearing pegmatite mineralisation  Samples and core from completed drill holes have been sent for analysis and are expected in due course
• Exploration works on 28 new targets have been identified, including 11 high priority targets (ASX Announcement 12 May 2022). Work has commenced to extend drilling to a ~10,000m program.

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