Critical Mineral Resources Makes Significant Progress at Agadir Melloul Sediment-Hosted Copper and Silver Project in Morocco

Strategic Insights -

Critical Mineral Resources has made significant progress at its Agadir Melloul sediment-hosted copper and silver project in Morocco, with visible mineralisation in over 60% of drill holes completed to date. The company's drilling update highlights encouraging results, with encouraging visible copper mineralisation in over 60% of holes drilled, supporting the company's expectation of a near-surface resource.

Key Takeaways:

  • 20 drill holes have been completed, primarily focused on Zone 1 North, with over 60% of holes displaying visible copper mineralisation.
  • Assay results from the current programme are expected to be announced in mid-November, with the first assays expected to be published.
  • Continuous mineralisation has been observed over 750 meters along strike, and open to the south, highlighting the project's significant exploration upside.
  • The drilled area represents less than 1% of the project's 50km2 target limestone, suggesting considerable exploration potential still to be realised.
  • CMR is on track to delineate sufficient resources to underpin the Initial Mine development by the end of Q1 2026 or early Q2 2026.
  • The company will have defined 3.0 million tonnes in resources by early 2026, enabling the commencement of the Initial Mine feasibility study in mid 2026.
  • Construction is anticipated to begin in 2027.

Statistics:

  • 20 drill holes completed to date.
  • Over 60% of holes displaying visible copper mineralisation.
  • Drill area represents less than 1% of the project's 50km2 target limestone.
  • Expected to delineate 3.0 million tonnes in resources by early 2026.
  • Initial Exploration Target of 20 to 25 million tonnes at 1.2% CuEq, based on 5km2 of mineralisation at an average 2m thickness.

Sources:

  • PR Newswire, October 30, 2025
  • Critical Mineral Resources PLC website
  • Atlantic Research Minerals SARL website
  • London Stock Exchange (CMRS)
  • Note: No external dates were added to the referenced sources.