Exceptional Assay Results, Up To 4.32% Li2o At Mavis Lake

Critical Resources Limited (ASX:CRR) (“Critical Resources” or “the Company”) is pleased to announce assay results from the current diamond drilling campaign at the Company’s 100% owned Mavis Lake Lithium Project. The assay results have returned the highest grade lithium results in our Projects’ history.

Highlights

• Assay results confirm thick, high-grade intercepts, with sections of exceptionally high- grade lithium oxide
• Hole MF22-116 assay highlights include:
  • 24.1m @ 1.62% Li₂O, from 53m
  • 8.15m @ 1.70% Li₂O from 89m
    • including 1.0m @ 4.32% Li₂O from 91m
  • 8.70m @ 2.18% Li₂O from 112.75m
• Hole MF22-117 assay highlights include:
  • 23.9m @ 1.55% Li₂O from 112.75m
    • including 11.15m @ 2.28% Li₂O from 112.75m
    • including 7.05m @ 2.77% Li₂O from 129.35m
    • Including 3.80m @ 3.09% Li₂O from 131m
• Company to commence Metallurgical test work and resource modelling
• Stage 3 drilling campaign progressing with extension planning already underway

Critical Resources Chairman, Mr Robert Martin said:

“To receive such exceptional assays results and for them to contain the Company’s highest grading results of lithium mineralization ever to be intersected at Mavis Lake is absolutely outstanding.

These result further build our confidence in the project and reinforce our decision to commence complmentary project development efforts such as metallurgical test work and resource modelling. Mavis Lake and the opportunity to position Critical Resources as an emerging, lithium focused project developer is an absolutely incredible prospect for the Company and our shareholders.

Furthermore, after a global search for a more suitably qualified senior executive to fill the role of Managing Director, the company is pleased to advise that it is in late stages of negotiations with a highly skilled lithium resource executive, with the ability and experience to take the Company from explorer to producer. We look forward to updating the market on this in the coming weeks”.

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