MTM Critical Metals

Quarterly Activities/Appendix 5B Cash Flow Report

MTM Critical Metals Limited (ASX:MTM) (MTM or the Company) is pleased to present its Quarterly Report and Cash Flow Report.


Highlights

  • Diamond drilling program completed at the Pomme REE-Nb Project, Québec
    • 13 drill holes, 5,718m of drilling
  • REE-Nb mineralisation observed over >2km2 area of carbonatite complex
  • Significant intersections included
    • Hole POM-23-03 : 398m @ 0.54% TREO (5,400ppm) and 0.05% Nb2O5 from 16m.
    • Hole POM-23-01: 513m @ 0.33% TREO & 0.08% Nb2O5 from 32m
    • Hole 23-05: 276m @ 0.37% TREO & 0.08% Nb2O5 from 225m
    • Hole POM-23-04: 266.2m @ 0.22% TREO & 0.04% Nb2O5 from 36.8m
  • Extensive new REE and nickel geochemical anomalies identified in soil sampling program at the East Laverton Project.

Pomme Rare Earths-Niobium Project

The Pomme REE-Nb Project (Pomme or the Project) is a known carbonatite intrusion located in south-western Québec, Canada (Figure 1). The Project has exceptional results from a recently completed drilling program, showing enrichment in rare earth elements (REE) and niobium (Nb) and is considered to be an extremely prospective exploration target.

Pomme is located adjacent to the world-class Montviel REE-Nb deposit (owned by Geomega Resources Inc), that has a defined total indicated and inferred resource of 266 million tonnes (Mt) @ 1.45% TREO & 0.14% Nb2O5.

MTM has entered into a binding option agreement with Geomega Resources to acquire a 100% interest in the Pomme claims and is now advancing exploration at Pomme to discover a REE-Nb resource.

Figure 1. Pomme REE-Nd Project location.


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