Critical Mineral Resources optimistic on copper-gold drill results

(Alliance News) - Critical Mineral Resources PLC on Tuesday posted drilling results which further support copper and silver mineralisation at its Agadir Melloul project in Morocco.

The London-based resource developer targeting Moroccan metals noted that drilling has continued to confirm "laterally extensive, near-surface" mineralisation of copper and silver whose shallow, dipping nature suggests "favourable" project economics.

Subject to economic studies, CMR said the internal model it has developed will be suitable for the development of the initial mine.

New drill results include a 9.7-metre intercept which found copper graded at 0.74% at gold graded at 4.5 grams per tonne from 25 metres. A 3.0-metre intercept found copper graded at 1.1% and gold at 5.8 grams per tonne from 24 metres and a 1.0-metre intercept found gold graded at 4.5 grams per tonne from 10 metres.

CMR said it has drilled less than 5% of the sedimentary target so far, and has identified higher-grade zones for follow-up drilling. The company is targeting a maiden resource estimate in the third quarter of 2026 and is currently setting up a technical committee, which aims to visit the site by the end of June.

CMR shares closed 2.3% higher at 2.25 pence on Tuesday in London.

By Holly Munks, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Critical Mineral Resources PLC