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Critical Resources Limited (ASX:CRR)

ALERT: Price-sensitive ASX Announcement for CRR
Current share price for CRR : $0.008 0.002 (33.33%)+
Announcement
Release
19 Aug 2026 8:03AM
Price at Release
$0.006
Full Release
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Summary
Critical Resources Limited has announced the staking of additional mining claims at the Red Hat target as part of its Mavis Lake Lithium Project in Ontario, Canada. This move consolidates the company’s control over the area known to host historical gold intercepts and significant lithium resources. The Mavis Lake Project is strategically positioned with access to infrastructure and policy support for critical minerals. The project includes an Inferred Mineral Resource of 8.0 Mt at 1.07% Li₂O and has potential upside with a polymetallic trend. The company aims to further validate historical data and plans future exploration to confirm the geological potential and integration with their battery value-chain strategy.
Key Points
  • Claims staked at Red Hat to consolidate Mavis Lake Lithium Project.
  • Historical drill hole RH11-03 intersected 9.174 g/t Au over 1.2 m.
  • Project part of a 14 km polymetallic trend.
  • Mavis Lake holds Inferred Mineral Resource of 8.0 Mt @ 1.07% Li2O.
  • Infrastructure advantage with proximity to transport and grid power.
  • Strategic positioning across the battery value chain.
  • Future exploration includes geological mapping and drilling.
  • No purchase consideration or vendor royalty for the staked claims.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.