Halls Peak, NSW. Source: National Parks NSW
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  • Critical Resources’ (CRR) focus for the March quarter was on expansion, with the company executing new acquisitions and recording high-grade drilling results
  • It spent $3.88 million on investing activities, with $1.15 million directed towards exploration and evaluation
  • Looking ahead, the company has started a 49-hole drill program at Mavis Lake and has been approved to drill five holes at Halls Peak
  • It currently has $12.3 million in cash to fund its future activities
  • Shares are trading 2.33 per cent lower today at 9.3 cents each

Critical Resources’ (CRR) focus for the March quarter was on expansion, with the company executing new acquisitions and recording high-grade drilling results.

It spent $3.88 million on investing activities, with $1.15 million directed towards exploration and evaluation.

During the period, the company acquired the Mavis Lake lithium project and the Graphic Lake lithium project, and grew its lithium exploration footprint in Canada by staking additional land.

In Australia, high-grade zinc, copper, lead and silver assays were recorded at its Hall Peak project.

CRR also progressed licence renewal discussion and exploration works in Oman.

Its operating activities cost $369,000, with the majority of the costs coming from administration and corporate costs.

Looking ahead, the company has started a 49-hole drill program at Mavis Lake and has been approved to drill five holes at Halls Peak.

Elsewhere, it is mapping exploration targets and seeking approvals for additional drilling.

It currently has $12.3 million in cash to fund its future activities.

Shares were trading 2.33 per cent lower today at 9.3 cents each at 11:50 am AEST.

CRR by the numbers
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