Mavis Lake Delivers Further High-Grade Results, Up To 3.36% Li2o

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 illustrate the continuity of high-grade lithium mineralization within the Main Zone of Mavis Lake and present continued intercepts of extremely high-grade lithium oxide.

Highlights

• Assay results confirm thick, high-grade intercepts, with sections of exceptionally high- grade lithium oxide at the Mavis Lake Lithium Project
  
• Hole MF22-81 assay highlights of 14.7m @ 1.09% Li₂O, from 146m including:
  
  • 8m @ 1.61% Li₂O from 146.9m, and
    
  • 1.5m @3.36% Li₂O from 151.5m
    
• Hole MF22-82 assay highlights of 13.2m @ 1.30% Li₂O from 163m, including:
  
  • 9.8m @ 1.65% Li₂O from 165.63m
    
• Hole MF22-85 assay highlight of 15m @ 1.19% Li₂O from 148.15m, including:
  
  • 9.6m @ 1.72% Li₂O from 149.6m
    
• Recently drilled holes MF22-119 and MF22-121 assay results due mid-October 2022

Critical Resources Non-Executive Director, Mr Alex Cheeseman said:

“To follow our last results with another set of such high-grade assays is an excellent outcome for the Company, and further builds our confidence in delineating a JORC compliant resource in the near term.

We believe the last few rounds of assay results have been the some of the highest grades released by an ASX listed lithium company so far in 2022, this sets us up well to continue advancing the project and transition Critical Resources into a potential lithium project developer.”

Key assay data can be seen in Table 1 below with pegmatite cross sections included in Figure 1 and Figure 2. Full details can be seen in Appendix 1.

Table 1. Significant Assay Results from MF22-81 to MF22-86

Exploration Drilling Overview. As the Company pushes its drilling campaign to the west, the assay results confirm continued lithium mineralization, ultimately extending the confirmed strike length of the main zone which has been subject to approximately 11,000 meters of drilling in this current 2022 campaign. The high-grade lithium confirmed in the assay results correlate with visual assessments released immediately after drilling (refer to ASX Announcements of 16 June 2022 and 22 June 2022).

Click here for the full ASX Release

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