Exceptional Intercept with 18.45m @ 2.06% Li2O at the Mavis Lake Lithium Project

Highlights

• Results confirm high-grade lithium mineralisation, near surface, with sections of exceptionally high-grade lithium mineralisation
  
• Assays of Drill Hole MF22-121 confirms 20.8m @ 1.92% Li2O, from 45.25m including:
  • 18.45m @ 2.06% Li2O from 46.0m, including
    • 1.5m @ 3.49% Li2O from 53.6m, and
  • 5.3m @ 2.06% Li2O from 98m
• Assays of Drill Hole MF22-123 confirms 6.2m @ 2.15% Li2O from 50.9m, including:
  • 0.55m @ 4.0% Li2O from 52.3m, and
  • 3.0m @ 2.92% Li2O from 52.85m
• All results to be incorporated into the maiden Mineral Resource Estimate due Q1 2023
• Following the outstanding results, a further 2,500m drilling extension has been approved, taking the planned program to 17,500m

Critical Resources’ Managing Director Alex Cheeseman said:

“Discovering further high-grade intercepts with sections of extremely high-grade lithium mineralisation is very pleasing. In addition, these intercepts are relatively close to surface, with the main zone remaining open at depth, which we are yet to test.

With the excellent results of the last few months, Mineral Resource Estimate works underway, and drilling continuing at Mavis Lake, we are extremely pleased with how the project is progressing as we move from exploration into development.”

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