Proactive - Interviews for investors

Critical Mineral Resources targets independent JORC resource for Agadir Melloul in October

Episode Summary

Critical Mineral Resources PLC (LSE:CMRS, FRA:98J) CEO Charlie Long spoke to Proactive's Stephen Gunnion about progress at the Agadir Melloul copper project in Morocco, with the first independent JORC mineral resource estimate targeted for October. Long explained why it matters: some funds only invest post-JORC, and the independent estimate gives investors a trusted, audited basis for assessing the metal in the ground. The MRE will cover just 5-6% of CMR's current licensed area - effectively closer to 3-4% once near-term land acquisitions are factored in. Outcropping mineralisation extends 12-15 miles, which Long said means years of drilling potential before the company needs to target hidden areas. James Hogg, principal geologist and CEO of Addison, spent two and a half days on site, visiting multiple areas including some Long himself hadn't seen. Hogg observed rhyolite, gold, and sedimentary copper mineralisation, plus micro-conglomerate styles, across current drilling areas and on ground 10 kilometres southeast, where CMR may drill next. On next steps after the MRE, Long outlined two parallel workstreams: converting the resource into a reserve and mine schedule, and advancing metallurgy and plant work towards an environmental impact assessment. He said a network including former Rio Tinto personnel is assisting with feasibility work, which he expects to arrive quite soon. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #CriticalMineralResources #CMR #MiningExploration #Copper #Gold #Morocco #JORC #CriticalMinerals #MiningStocks #ProactiveInvestors