Critical Resources: Lithium and High Grade Base Metals Portfolio Focused on the Clean Energy Economy

Critical Resources (ASX:CRR) is an Australia-based critical mineral exploration and development mining company focused on assets to supply the clean energy revolution. The company's assets target essential minerals to transition to clean energy, including lithium, copper and zinc. Its flagship projects include a lithium portfolio of claims in Ontario, Canada, with its flagship project being Mavis Lake. Additional projects include its potential large scale zinc, lead, silver and copper project, Halls Peak in Australia and its Block 4 and 5 copper assets in Oman. A strong management team is leading the company to develop clear value propositions across all its projects with two active drill programs at both Mavis Lake and Halls Peak in 2022.

The company’s Canadian lithium portfolio embodies a province-scale strategy in Ontario focusing on hard rock lithium projects. The three chosen assets have previous exploration results indicating the potential for high-grade lithium mineralisation, particularly at the Mavis Lake project. Additionally, the mining-friendly province gives the company access to a robust infrastructure and access to an experienced workforce. Global electronics manufacturer LG is planning to build a US$2 billion battery-manufacturing facility in the region, demonstrating the presence of potential strategic partners in the region.

Company Highlights

• Critical Resources is an exploration and development mining company with assets in Canada, Australia and Oman, targeting minerals critical to the global transition to clean energy.
• The company has a province-scale lithium portfolio in Ontario, Canada, with access to an experienced local workforce and supportive infrastructure.
• Critical Resources' additional assets target zinc, lead, silver and copper, allowing the company to provide shareholders with multiple opportunities to capitalise on in-demand natural resources.
• A strong management team with diverse experience in natural resources, technical, commercial and corporate finance leads the company towards achieving its development goals.

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