RE: Latest interview today3 May 2026 15:07
Critical Mineral Resources - has released its first assay results from its 2026 drilling campaign at the Agadir Melloul copper project, and they are highly encouraging.
The results show consistent, near-surface copper mineralisation with standout intercepts including 5m at 1.20% copper, 7m at 1.06% copper, and 3.7m at 1.76% copper, in several cases exceeding the company’s average width target of 2 metres.
Interestingly, traces of gold have also been recorded in several holes, with the best result returning a solid 0.77g/t Au over 5m in BH100 — a welcome additional credit to what is shaping up as an attractive near-surface system.
The shallow depth and thickness of these intercepts point to the potential for open-pit mining, and drilling is now running at approximately 1,200 metres per month with the programme fully funded.
The company is targeting a maiden resource estimate by Q3 2026, and management maintains a medium-term exploration target of 25 million tonnes.
It’s worth noting that the language around exploration targets, which some investors perhaps mistook as overly cautionary, is a standard regulatory requirement for all listed mining companies, rather than a reflection of management’s own confidence in the project.
Less than 3% of the project area has been drilled to date, leaving considerable scope to grow both tonnage and confidence in the system, and CMR plans to release further assay results on a four-to-five week cycle going forward.
In other words, there’s lots of RNSs to come.
https://thatstocksguy.substack.com/p/small-caps-may-review
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