Critical Resources

Critical Resources Limited (ASX: CRR) is a publicly traded mineral exploration and development company primarily focused on identifying and advancing projects containing metals essential for a decarbonised future. Incorporated in 2010 and listed on the Australian Stock Exchange, the company operates as a junior explorer, acquiring, exploring, and developing prospective mineral properties. Its business model centers on creating shareholder value by discovering and defining mineral resources, with the ultimate goal of developing these projects into producing mines, either independently or through strategic partnerships. Revenue is not generated from ongoing operations but rather through capital raisings to fund exploration activities.

The company's strategic direction is managed by a board and leadership team with extensive experience in the global resource sector. The team is led by CEO Tim Wither, a mining executive with over 20 years of experience in project development and corporate leadership across various continents and commodities. His background includes advancing greenfield projects to production and significant roles in both ASX and TSX-listed companies. The board includes Chairman Bilal Ahmad, an investor with a long track record in strategic investments, and several non-executive directors with deep experience in corporate finance, property development, and geology.

Critical Resources' portfolio is diversified across commodities and jurisdictions, with a significant focus on North America's battery materials supply chain. The flagship asset is the Mavis Lake Lithium Project in Ontario, Canada, located near the city of Dryden. This project has a JORC 2012 compliant Mineral Resource Estimate of 8 million tonnes at 1.07% Li2O, established after more than 30,000 meters of drilling. The company is actively working to expand this resource base while undertaking technical and environmental studies to support a transition from explorer to developer. The Mavis Lake project benefits from its location within a region seeing over $47 billion in investment in the electric vehicle and battery sector, and it has access to established road, rail, and port infrastructure.

In addition to its Canadian lithium assets, which also include the Graphic Lake, Plaid, and Whiteloon Lake prospects, the company holds projects in other regions. These include the Halls Peak Project in New South Wales, Australia, a base metals project, and newly acquired gold and antimony projects in the Reefton Goldfield of New Zealand. Antimony is recognized as a critical mineral for defense and renewable energy sectors, with a supply chain heavily concentrated in China and Russia, presenting a strategic opportunity for the company.

Keywords: mineral exploration, critical metals, lithium projects, project development, battery materials, Canadian lithium, ASX listed, junior explorer, Mavis Lake Project, resource definition, decarbonisation, base metals, gold exploration, antimony, Halls Peak Project, Reefton Goldfield, JORC resource, mining investment, North American supply chain, exploration drilling