Critical Mineral Resources Set to Unveil Maiden Resource Estimate

Critical Mineral Resources PLC (LSE:CMRS, FRA:98J) is poised to announce its inaugural JORC Mineral Resource Estimate for the Agadir Melloul copper project in Morocco, targeting a release in October 2026. This milestone follows a significant phase of drilling activities conducted throughout 2025 and 2026. The company has engaged Addison Mining Services, a reputable independent geological and mining consultancy, to prepare the estimate. Addison has commenced its work by reviewing geological, drilling, and assay data, coupled with a thorough site visit to analyze the geology, mineralization, drill core, and drilling methodologies employed at the site.

Promising Developments in Agadir Melloul Project

The upcoming resource estimate will primarily focus on delineation, infill, and step-out drilling conducted at Zone 1 North, which is expected to encompass only 5% to 6% of Critical Mineral Resources' existing permit area. Notably, this area does not account for additional ground where the company retains exclusive rights for potential future acquisitions. James Hogg, the CEO and principal geologist at Addison, expressed optimism regarding the geology and mineralization observed, highlighting the promising potential size of the project. Charlie Long, CEO of Critical Mineral Resources, emphasized the significance of this estimate, stating that it represents the first independently assessed mineral resource for Agadir Melloul and establishes a vital technical foundation for subsequent project development stages.

Long further elaborated on the extensive data collected over the past year, which includes drilling, geological, and assay information from Zone 1 North. He expressed satisfaction with Addison's initial feedback following their comprehensive review of the project, its processes, and the geological and mineralization characteristics. The company is eager to collaborate with Addison until the completion of the work and is committed to updating shareholders upon the publication of the maiden JORC Mineral Resource Estimate. As exploration efforts continue across other areas of the project, the anticipation builds for what this maiden estimate will reveal about the Agadir Melloul's potential.

As reported by uk.finance.yahoo.com.