Critical Resources

Further Spodumene-Bearing Pegmatite Intersections of up to 15m at Mavis Lake

Critical Resources Limited (ASX:CRR) (“Critical Resources” or the “Company”), is pleased to advise that another seven step-out holes have intersected intervals of spodumene-bearing pegmatite. 30 of 32 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 4,300 metres has now been drilled of the Company’s inaugural 5,000m drill program, at the Project.

Highlights1,2,3 

Hole 26

     
  • 15m of ~20% fine to large spodumene laths from 148.15 to 163.15m

Hole 27

     
  • 9.4m of ~20% fine to large spodumene laths from 116.7 to 126.1m

Hole 30

     
  • 3.55m of ~20% fine to large spodumene laths from 47 to 50.55m of pegmatite, and
  • 1.5m of ~20% fine to large spodumene laths from 51.35 to 52.85m of pegmatite

Hole 31

     
  • 3.3m of ~10% fine to large spodumene laths from 45.75 to 49.05m

Hole 28

     
  • 7.95m of <5% fine to large spodumene laths from 113.2 to 121.15m of pegmatite

Hole 29

  • 4.55m of <5% fine to large spodumene laths from 45.8 to 50.35m of pegmatite
  • 30 out of 32 drill holes have intersected spodumene-bearing pegmatite mineralisation
  • The Company continues to prioritise its Mavis Lake program as it looks to double its initial drilling campaign over the coming months

Figure 1: White-grey spodumene-bearing pegmatite from MF22-65 (Hole 26)

Critical Resources Managing Director Alex Biggs said: “For 30 out of our first 32 holes to intersect spodumene bearing mineralisation is a significant achievement. We are focusing on the Pegmatite 6 zone initially which will form the basis of a JORC compliant Resource estimate and next we plan to be testing the strike extent of mineralisation to the east and north towards the Pegmatite 18 occurrence. We are very pleased with what we are seeing at Mavis Lake so far and are looking forward to more excellent drill and assay results”. 


Click here for the full ASX Release

This article includes content from Critical Resources (ASX:CRR), licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

CRR:AU
The Conversation (0)
Lithium periodic symbol and Canadian flag.

Top 5 Canadian Lithium Stocks of 2025

As the global push toward electrification accelerates, lithium remains a critical piece of the energy transition.

Continued oversupply remained a persistent headwind for lithium prices through the first half of 2025. Demand for the battery metal jumped 29 percent year-over-year in 2024, fueled by surging electric vehicle sales and rising power needs from sectors like data centers and heavy industry.

Fastmarket’s analysts expect lithium demand to grow 12 percent annually through 2030, supported by structural trends such as renewable energy integration and battery energy storage.

Keep reading...Show less
Glowing blue neon batteries with lightning symbols on a dark gradient background.

Top 3 US Lithium Stocks of 2025

As the global economy shifts toward electrification and clean energy, lithium has emerged as a cornerstone of the energy transition, and the US is racing to secure its place in the supply chain.

Lithium-ion batteries are no longer just critical to electric vehicles (EVs); they're becoming vital across sectors to stabilize power systems, particularly amid growing reliance on intermittent renewables.

According to Fastmarkets, demand for battery energy storage systems (BESS) is accelerating, driven by data centers, which have seen electricity consumption grow 12 percent annually since 2017.

Keep reading...Show less
Digital globe and battery with lightning icon on dark background.

Lithium Market Update: Q2 2025 in Review

The second quarter of 2025 brought more downward pressure for lithium prices, as values for lithium carbonate continued to contract, slipping to their lowest level since January 2021.

After starting the year at US$10,484.37 per metric ton, battery-grade lithium carbonate rose to a year-to-date high of US$10,853.85 on January 27. Prices sank through Q1 and most of Q2, bottoming at US$8,329.08 on June 24.

Keep reading...Show less
Digital hexagons overlay construction site with an excavator and cloudy sky in the background.

Ekin Ober on Why AI Could Be Mining’s Most Valuable Tool Yet

For Ekin Ober, bringing generative artificial intelligence (AI) to the critical metals sector through her work at Aethos Labs wasn’t just about technological innovation — it reshaped how she thinks about strategy and sustainability in mining.

Now a principal at Kinterra Capital, Ober applies that broad, cross-disciplinary lens to investment decisions, emphasizing the importance of digital fluency, stakeholder alignment and long-term viability.

Her experience helps her identify operational bottlenecks and social license challenges early — essential in guiding assets like nickel and copper projects from concept to production.

Keep reading...Show less

Latest Press Releases

Related News

×