RE: 10X27 Aug 2025 08:31
Charlie Long, CMR's CEO commented:
"It is extremely pleasing to announce details of this game changing transaction, which moves CMR from rock-kicking explorer to project developer with an awesome asset. It has taken two years and a huge amount of work since we first visited Agadir Melloul to get to this point. And despite having visited many excellent projects, some of which we optioned and explored, Agadir Melloul has always been our priority target.
Together with our strategic investor, we believe the existing sampling data, derived mostly from trenching, underpins the initial mine project of a 750 to 1,000 tonnes per day flotation plant, and significantly derisks our investment. While the potential for a much larger discovery, which we are calling the strategic resource strategy, provides for a very exciting and potentially very high return investment case for both current and future shareholders.
Once drilling commences during the next week or two, assay results will be quick to follow and Agadir Melloul news flow shall be maintained in the months and years to come".