From Stockbox Part 123 Aug 2025 18:35
23 Aug 2025 at 14:57:47 (23 Aug 2025 at 15:02:24)]:
The Market Pulse:
Critical Mineral Resources – A Moroccan copper story preparing for take-off
Critical Mineral Resources (LSE:CMRS) has had a cracking month.
Earlier this year, the company entered a joint venture to acquire 60% of a highly prospective sedimentary-hosted copper project in Morocco.
The market was slow to react for a month or so. But in the last few weeks, shares have climbed from 1.25p to 2.8p – some 125% – as early investors have started to cotton on to the scale of discovery potential on offer here.
Fear not, though; this ship has not sailed yet.With a valuation of just £5.4 million, and drilling about to begin, CMRS remains at the start of its journey.
Results are expected shortly after work gets underway, and if they confirm encouraging early exploration indicators, there could be much further to run.
Let’s take a closer look at what’s behind the buzz…
What we know so far
Many of the details of CMRS’ Moroccan copper project remain under wraps for now. A site map has not yet been released, and the project doesn’t have an official name.
CEO Charlie Long explained in an on-site StockBox interview this week that this information will be published in due course.
But what has been revealed already by the company is highly encouraging.
Sedimentary-hosted copper potential: These deposits are known for their size and efficiency. They often host large quantities of copper across vast areas and are generally easier and cheaper to mine than porphyry systems.
Neighbouring success: The project sits alongside Managem’s Tizert project – one of Morocco’s most exciting copper developments, with estimated reserves of 590,000ts copper and 1,190ts silver. CMRS’ (as-yet-un-named) joint venture partner has confirmed that both projects share geological host rocks of the same age.
Early results: Work already completed has shown continuous mineralisation across at least 10km of strike, with potential for much more. Importantly, mineralisation begins at surface, enabling lower-cost drilling and reserve development. Grades so far average 1.2% copper equivalent, with both higher- and lower-grade zones identified. An initial exploration target of 150,000–200,000 tonnes of contained copper has been outlined, with scope to grow significantly as work progresses.
Taken together, these points paint a picture of a project that already looks well advanced.
Source: Company
Not a greenfield gamble. Investors are not being asked to back a greenfield idea here. The joint venture project already hosts clear potential for shallow, long-life, open-pit mining; the task now is to establish its true scale. Charlie Long has not been shy about his ambitions. In his first StockBox interview, he suggested the company hopes this could become the biggest copper discovery seen on London’s small-cap market in years.
So how does CMRS plan to p
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