Critical Metals Corp Confirms High-Grade Rare Earth Material at Its Tanbreez Project

Rhea-AI Summary

Critical Metals Corp (Nasdaq: CRML) has announced positive drilling results from its Tanbreez Greenland Rare Earth Mine. The first drill hole, starting at 19 meters above sea level and entering the project at 40 meters depth, revealed significant concentrations of rare earth elements and other valuable minerals.

The 40-meter section averaged 1.82% ZrO2, 4,722.51 ppm TREO (with 26.96% heavy rare earth content), 130.92 ppm Ta2O5, 1,852.22 ppm Nb2O5, 393.68 ppm HfO2, and 101.67 ppm Ga2O3. The company highlighted that these results confirm high-grade rare earth elements at the site.

Positive

• Confirmation of high-grade rare earth elements in the Tanbreez Project
• Strong mineral concentrations: 1.82% ZrO2, 4,722.51 ppm TREO with 26.96% heavy rare earth content
• Strategic positioning to support Western countries amid China's export restrictions

Negative

• None.

Insights

Mining Research Analyst

The drill results from Critical Metals Corp's Tanbreez Project reveal impressive rare earth element concentrations, with an average of 4,722.51 ppm TREO (Total Rare Earth Oxides) across a 40-meter section. The high heavy rare earth content of 26.96% is particularly significant, as these elements are typically more valuable and in shorter supply. The discovery of substantial gallium content (averaging 101.67 ppm Ga2O3) adds strategic value, especially given recent Chinese export restrictions. The consistent mineralization profile and high-grade nature of the findings suggest strong economic potential for future mining operations. These results position Critical Metals Corp as a potentially significant non-Chinese supplier of critical materials essential for clean energy and defense applications.

Materials Science Expert

The drill hole data presents a robust chemical profile with notable concentrations of strategic elements. Beyond the rare earth content, the presence of zirconium (1.82% ZrO2), niobium (1,852.22 ppm Nb2O5) and tantalum (130.92 ppm Ta2O5) enhances the deposit's value proposition. The consistent distribution of heavy rare earths throughout the sampled section indicates a well-developed mineralization system. The combination of these elements in a single deposit is particularly valuable for industrial applications in permanent magnets, electronics and advanced materials manufacturing. The chemical composition suggests favorable metallurgical properties for potential extraction and processing.

NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Critical Metals Corp (Nasdaq: CRML) (“Critical Metals Corp” or “the Company”), a leading mining development company focused on critical metals and minerals and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners, today provided a project update for the Tanbreez Greenland Rare Earth Mine (the “Tanbreez Project”), one of the world’s largest rare earth assets located in Southern Greenland.

Critical Metals Corp has received the results for the first drill hole from its previously announced drilling program, which confirms that the Tanbreez Project contains high-grade rare earth elements. This first drill hole was strategically positioned to both confirm the existing mineralization and enhance the overall quality control process for the mineral body at the Tanbreez Project.

“The Tanbreez Project continues to demonstrate its immense upside potential, as the Critical Metals Corp team advances our pre-production plans for this foundational rare earth asset,” said Tony Sage, CEO and Executive Chairman of Critical Metals Corp. “On the heels of China’s recent decision to restrict the exports of certain rare earth materials, Critical Metals Corp is poised to support western countries with materials essential for producing clean energy applications and supporting their defense industries. Earlier this year, we discovered that the Tanbreez Project contains one of the world’s highest concentration of Gallium, and these new results continue to showcase how the asset possesses high-grade rare earth material.”

The drill hole commenced at an elevation of 19 meters above sea level and entered a unit of the Tanbreez Project at a depth of 40 meters. The 40-meter section of the drill hole averaged 1.82% ZrO2, 4,722.51 ppm TREO (of which 26.96% is the average heavy rare earth content), 130.92 ppm Ta2O5, 1,852.22 ppm Nb2O5, 393.68 ppm HfO2, and 101.67 ppm Ga2O3.

SAMPLE	Y	La	Ce	Pr	Nd	Sm	Eu	Gd	Tb	Dy	Ho	Er	Tm	Yb	Lu	TOTAL REO	HEAVY REO	HEAVY
	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	PPM	PPM	REO %
A1-24 01- 411251	1010	1215	2180	218.00	766.00	146.50	14.60	146.00	28.30	187.00	41.20	127.00	18.75	126.50	17.15	7514	2075	27.62	%
A1-24 02- 411252	618	839	1540	154.50	534.00	98.70	9.50	94.80	17.70	116.00	24.60	76.50	11.10	73.50	10.20	5076	1271	25.04	%
A1-24 03- 411253	497	584	1095	111.50	399.00	76.40	7.60	75.60	14.65	97.10	21.10	65.40	9.49	64.30	8.85	3763	1040	27.63	%
A1-24 04- 411254	627	751	1405	144.50	514.00	96.50	9.80	96.60	18.10	121.00	26.00	80.40	11.80	79.50	10.45	4803	1305	27.17	%
A1-24 05- 411255	744	920	1695	174.50	615.00	118.00	11.60	114.50	22.00	148.00	31.50	97.50	14.30	93.90	12.60	5790	1557	26.89	%
A1-24 06- 411256	544	674	1225	123.50	431.00	82.10	8.20	80.10	15.40	104.00	22.30	68.70	10.05	66.90	9.18	4170	1122	26.92	%
A1-24 07- 411257	745	882	1565	169.00	599.00	108.50	12.40	121.50	21.70	141.50	30.70	98.10	14.55	96.30	13.15	5556	1562	28.12	%
A1-24 08- 411258	800	953	1755	180.00	637.00	121.50	12.60	120.00	23.30	155.00	33.90	104.00	15.30	101.00	13.90	6048	1665	27.53	%
A1-24 09- 411259	720	840	1550	159.00	562.00	108.00	11.10	107.50	21.00	140.50	30.50	96.70	14.05	92.70	13.00	5374	1506	28.01	%
A1-24 10- 411260	1380	1525	2850	296.00	1,040.00	207.00	21.30	204.00	40.30	268.00	58.00	179.50	26.30	173.50	23.50	9981	2868	28.73	%
A1-24 11- 411261	1225	1385	2540	267.00	947.00	183.50	18.30	178.00	35.20	235.00	50.60	159.00	23.50	152.50	21.40	8931	2536	28.39	%
A1-24 12- 411262	615	712	1350	137.50	489.00	95.10	9.30	93.40	17.85	116.50	25.40	79.80	11.90	76.70	10.85	4622	1277	27.62	%
A1-24 13- 411263	288	367	716	72.10	257.00	48.00	4.50	44.30	8.38	54.20	11.50	36.30	5.37	36.60	5.23	2352	597	25.39	%
A1-24 14- 411264	568	720	1340	137.00	490.00	91.60	9.00	87.70	16.25	109.50	23.30	71.00	10.25	69.00	9.50	4515	1176	26.04	%
A1-24 15- 411265	384	446	864	89.00	325.00	62.50	5.60	55.50	10.45	66.40	15.00	46.10	6.96	44.00	6.53	2922	775	26.53	%
A1-24 16- 411266	574	660	1215	128.00	477.00	95.00	8.60	85.40	15.90	102.50	22.20	70.40	10.50	65.80	9.68	4260	1167	27.40	%
A1-24 17- 411267	609	736	1340	141.50	513.00	98.80	9.70	93.20	17.70	112.50	24.60	76.40	11.50	70.80	10.65	4651	1252	26.91	%
A1-24 18- 411268	522	595	1095	115.50	420.00	81.50	7.70	77.20	14.10	91.90	20.40	65.50	9.92	61.20	8.77	3834	1063	27.72	%
A1-24 19- 411269	424	477	912	94.90	346.00	67.80	6.20	63.00	11.75	76.40	16.70	53.60	7.95	50.30	7.33	3148	867	27.56	%
A1-24 20- 411270	1225	1375	2490	269.00	982.00	191.00	17.70	175.50	32.80	216.00	48.10	151.00	22.90	140.50	19.80	8853	2480	28.01	%
A1-24 21- 411271	775	870	1560	167.00	613.00	125.00	11.60	114.00	21.80	141.50	31.50	99.70	14.95	93.30	13.55	5597	1592	28.44	%
A1-24 22- 411272	844	937	1705	181.00	665.00	132.50	12.90	124.50	23.80	152.50	33.70	110.50	16.15	101.00	14.55	6082	1733	28.49	%
A1-24 23- 411273	553	651	1180	127.00	460.00	89.40	8.20	79.20	15.00	98.60	21.60	69.30	10.40	64.70	9.43	4136	1124	27.18	%
A1-24 24- 411274	509	607	1090	115.00	412.00	80.40	8.00	75.70	14.10	92.50	20.30	65.70	9.76	62.80	9.61	3816	1048	27.46	%
A1-24 25- 411275	789	912	1685	182.50	667.00	130.00	12.00	118.50	22.00	143.50	30.70	99.70	14.80	92.40	13.65	5911	1615	27.33	%
A1-24 26- 411276	409	486	905	95.70	350.00	66.70	6.10	61.10	11.30	72.60	16.15	51.40	7.72	48.70	7.10	3122	836	26.77	%
A1-24 27- 411277	427	514	987	103.50	377.00	72.40	6.40	64.30	11.60	75.10	16.25	52.40	7.85	49.40	7.30	3335	868	26.02	%
A1-24 28- 411278	430	636	1145	118.50	429.00	78.20	7.10	66.90	11.95	74.70	16.35	52.20	7.89	51.50	7.56	3768	877	23.29	%
A1-24 29- 411279	698	787	1430	151.50	554.00	109.00	10.20	103.00	19.30	124.00	27.30	88.40	13.05	81.70	11.80	5065	1423	28.10	%
A1-24 30- 411280	1105	1260	2310	249.00	907.00	177.50	17.00	166.00	31.10	201.00	44.70	142.00	21.30	130.00	18.85	8159	2268	27.80	%
A1-24 31- 411281	559	670	1210	127.50	463.00	90.20	8.30	83.20	15.55	99.40	21.90	70.80	10.60	65.60	9.50	4217	1141	27.07	%
A1-24 32- 411282	386	494	929	95.70	345.00	64.90	6.00	59.10	11.00	70.50	15.00	47.80	7.27	46.50	6.97	3110	793	25.49	%
A1-24 33- 411283	425	513	978	102.00	379.00	74.20	6.70	65.80	12.00	76.00	16.55	52.80	7.88	50.50	7.35	3329	871	26.16	%
A1-24 34- 411284	555	637	1150	122.00	450.00	87.80	8.00	81.20	15.20	97.80	21.30	69.10	10.30	64.70	9.46	4066	1128	27.73	%
A1-24 35- 411285	681	774	1430	151.50	562.00	108.50	10.20	100.50	18.65	117.00	26.10	81.60	12.55	78.30	11.10	5011	1376	27.46	%
A1-24 36- 411286	555	639	1155	121.50	449.00	86.50	8.30	81.80	14.85	96.90	21.80	68.80	10.25	64.60	9.37	4071	1127	27.68	%
A1-24 37- 411287	382	419	803	83.90	309.00	60.90	5.70	57.20	10.75	70.20	15.20	48.80	7.26	47.10	6.69	2800	787	28.09	%
A1-24 38- 411288	212	249	484	50.50	183.00	35.80	3.20	30.60	5.64	36.50	7.95	25.50	3.88	24.50	3.64	1632	428	26.20	%
A1-24 39- 411289	392	439	839	87.70	322.00	62.40	5.90	58.70	11.15	71.50	15.65	48.80	7.49	46.90	6.78	2907	804	27.65	%
A1-24 40- 411290	1005	1095	2010	217.00	805.00	155.50	15.30	148.00	27.50	179.00	39.60	125.50	18.65	116.00	16.80	7190	2045	28.45	%
A1-24-41 411291	11	25	45	4.60	17.50	2.20	0.70	2.50	0.34	2.10	0.48	1.30	0.17	1.20	0.21	137	23	17.11	%

	ME-MS81h	ME-MS81h	ME-MS81h	ME-MS81h	ME-MS81h	ME-MS81h	ME-ICP06h	ME-ICP06h
SAMPLE	Ga2O3	HfO2	Nb2O5	Rb	Ta2O5	ZrO2	Al2O3	Fe2O3
DESCRIPTION	ppm	ppm	ppm	ppm	ppm	%	%	%
A1-24 01- 411251	108.88	653.332	2,889.61	218	228.96	3.07	13.25	12.85
A1-24 02- 411252	114.26	369.121	1,802.43	343	117.84	1.70	14.75	11.8
A1-24 03- 411253	92.75	331.383	1,417.63	420	100.74	1.51	13.7	12.55
A1-24 04- 411254	100.82	404.500	1,795.28	314	124.55	1.84	13.05	14.3
A1-24 05- 411255	114.26	481.154	2,124.29	438	150.20	2.19	15.9	10.7
A1-24 06- 411256	133.08	347.894	1,609.31	449	112.34	1.60	17.7	11.5
A1-24 07- 411257	107.54	504.740	2,217.28	347	159.96	2.26	14.3	12.4
A1-24 08- 411258	100.82	528.326	2,281.65	478	171.56	2.39	14.65	10.65
A1-24 09- 411259	90.06	487.051	2,067.07	394	153.25	2.20	12.9	13.3
A1-24 10- 411260	76.62	916.316	3,705.00	313	308.94	4.20	11.25	11.65
A1-24 11- 411261	91.41	811.358	3,290.15	345	264.98	3.73	13.15	11.3
A1-24 12- 411262	103.50	418.652	1,773.82	410	128.22	1.88	13.75	12.6
A1-24 13- 411263	102.16	187.509	868.31	402	52.39	0.90	13.5	14.6
A1-24 14- 411264	112.91	347.894	1,609.31	415	102.82	1.61	15.4	11.15
A1-24 15- 411265	107.54	216.991	1,135.82	384	70.34	1.05	14.7	12.15
A1-24 16- 411266	108.88	334.921	1,687.99	395	111.00	1.59	15.65	10.8
A1-24 17- 411267	115.60	365.583	1,823.89	464	120.77	1.69	16.3	10.2
A1-24 18- 411268	111.57	316.052	1,552.09	479	105.87	1.51	15.55	10.4
A1-24 19- 411269	108.88	260.625	1,291.74	346	85.48	1.20	15	12.8
A1-24 20- 411270	100.82	725.270	3,519.03	352	267.42	3.38	12.9	10.35
A1-24 21- 411271	96.78	492.947	2,317.41	376	171.56	2.22	14.15	11.2
A1-24 22- 411272	107.54	523.609	2,467.61	403	175.23	2.42	14.65	10.9
A1-24 23- 411273	120.98	333.742	1,666.53	452	118.94	1.54	15.95	9.99
A1-24 24- 411274	98.13	324.308	1,602.16	364	107.09	1.50	11.9	16.35
A1-24 25- 411275	94.09	472.899	2,324.56	311	155.69	2.23	11	16.2
A1-24 26- 411276	106.19	245.294	1,245.97	398	78.76	1.15	14.1	13.8
A1-24 27- 411277	108.88	253.550	1,328.93	382	83.28	1.19	14	14.2
A1-24 28- 411278	111.57	245.294	1,623.62	444	84.99	1.18	11.3	16.4
A1-24 29- 411279	108.88	421.010	2,102.84	389	149.58	1.95	14.15	11.35
A1-24 30- 411280	92.75	688.711	3,261.54	293	260.09	3.12	12.45	13.3
A1-24 31- 411281	112.91	336.101	1,702.30	409	109.53	1.59	13.8	13.05
A1-24 32- 411282	108.88	233.501	1,254.55	395	71.92	1.10	13.35	14.6
A1-24 33- 411283	107.54	254.729	1,320.35	404	79.49	1.20	14.35	13.55
A1-24 34- 411284	102.16	334.921	1,616.47	393	108.68	1.59	14.3	12.25
A1-24 35- 411285	98.13	390.348	1,981.24	348	125.77	1.85	14	11.95
A1-24 36- 411286	102.16	337.280	1,659.38	341	113.68	1.55	13.8	12.4
A1-24 37- 411287	88.72	247.653	1,177.30	434	87.19	1.12	13.5	11.3
A1-24 38- 411288	92.75	133.261	673.77	518	44.45	0.65	14.95	9.5
A1-24 39- 411289	94.09	255.908	1,254.55	481	89.02	1.16	13.9	9
A1-24 40- 411290	82.00	601.443	2,875.31	287	213.08	2.73	12.4	9.08
A1-24-41 411291	30.92	5.897	22.89	71	1.95	0.03	15.4	2.61

	ME-ICP06h	ME-ICP06h	ME-ICP06h	ME-ICP06h
SAMPLE	SiO2	CaO	Na2O	K2O
DESCRIPTION	%	%	%	%
A1-24 01- 411251	46.2	3.48	13.65	1.45
A1-24 02- 411252	47.3	3.73	11.75	2.74
A1-24 03- 411253	51.5	3.48	9.37	4.04
A1-24 04- 411254	47.9	3.69	11.15	2.75
A1-24 05- 411255	50.5	2.64	11.65	3.54
A1-24 06- 411256	48.6	2.02	12.2	3.38
A1-24 07- 411257	47.7	3.3	11.75	2.73
A1-24 08- 411258	51.6	3.42	10.65	4.05
A1-24 09- 411259	51.6	3.17	10.2	3.6
A1-24 10- 411260	49.4	5.23	11.5	2.72
A1-24 11- 411261	48.6	4.64	12.05	2.79
A1-24 12- 411262	50.8	3.24	10.6	3.78
A1-24 13- 411263	51.3	2.57	9.74	3.86
A1-24 14- 411264	48.7	3.79	10.9	3.51
A1-24 15- 411265	49	4.14	10.15	3.69
A1-24 16- 411266	48.5	4.64	10.95	3.51
A1-24 17- 411267	51.3	2.76	10.65	4.2
A1-24 18- 411268	52.3	2.57	9.73	4.51
A1-24 19- 411269	48.3	4.15	10.8	3.25
A1-24 20- 411270	49	5.6	11.65	2.67
A1-24 21- 411271	49	4.92	10.75	3.34
A1-24 22- 411272	51.6	3.07	10.95	3.69
A1-24 23- 411273	51.3	2.97	10.1	4.11
A1-24 24- 411274	51.2	2.81	9.25	3.59
A1-24 25- 411275	50	3.48	9.97	3.02
A1-24 26- 411276	51.5	2.87	9.82	3.97
A1-24 27- 411277	50.2	3.07	10.15	3.61
A1-24 28- 411278	51.8	2.64	9.47	3.58
A1-24 29- 411279	49.6	4.57	10.5	3.43
A1-24 30- 411280	47.9	4.85	11.65	2.44
A1-24 31- 411281	51.7	2.99	9.97	3.83
A1-24 32- 411282	52	2.75	9.4	3.83
A1-24 33- 411283	50.9	3.16	9.76	3.94
A1-24 34- 411284	50.9	3.61	9.84	3.92
A1-24 35- 411285	48.6	5.93	10.15	3.29
A1-24 36- 411286	48.7	5.32	9.45	3.44
A1-24 37- 411287	55.7	3.24	7.72	5.16
A1-24 38- 411288	58.7	1.49	7.19	6.1
A1-24 39- 411289	57.9	2.05	7.29	5.79
A1-24 40- 411290	46	10	10.3	2.85
A1-24-41 411291	69.3	2.87	4.75	2.25

	PUL-QC	CRU-QC	ME-MS81h	ME-MS81h	ME-MS81h	ME-MS81h	ME-ICP06h	ME-ICP06h	ME-ICP06h	ME-ICP06h	ME-ICP06h	ME-ICP06h	ME-ICP06h	TOT-ICP06h	OA-GRA05	ME-4ACD81	ME-4ACD81	ME-4ACD81	ME-4ACD81	ME-4ACD81	ME-4ACD81	ME-4ACD81	ME-4ACD81	ME-4ACD81	ME-4ACD81	ME-4ACD81
SAMPLE	Pass75um	Pass2mm	Sn	Th	U	W	MgO	Cr2O3	TiO2	MnO	P2O5	SrO	BaO	Total	LOI	Ag	As	Cd	Co	Cu	LiO2	Mo	Ni	Pb	Tl	Zn
DESCRIPTION	%	%	ppm	ppm	ppm	ppm	%	%	%	%	%	%	%	%	%	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm	ppm
A1-24 01- 411251	90.4		58	120	31	79	0.14	<0.002	1.08	0.41	0.08	0.02	0.01	94.73	2.11	<0.5	19	1.2	7	<1	258.32	8	1	169	<10	690
A1-24 02- 411252			41	112.5	27	41	0.2	<0.002	0.55	0.28	0.06	0.02	0.01	94.81	1.62	<0.5	12	0.9	5	4	344.43	8	3	124	<10	713
A1-24 03- 411253			28	31.4	10.4	37	0.25	<0.002	0.4	0.28	0.03	0.02	0.02	96.52	0.88	<0.5	12	1	5	6	430.54	7	3	55	<10	514
A1-24 04- 411254			44	43.5	15.3	45	0.25	<0.002	0.53	0.31	0.05	0.01	0.01	95.45	1.45	<0.5	8	1.2	5	2	495.12	10	2	108	<10	564
A1-24 05- 411255			33	51.6	18.8	55	0.11	<0.002	0.76	0.3	0.04	0.02	0.02	97.04	0.86	<0.5	17	1.1	5	7	279.85	16	3	71	<10	546
A1-24 06- 411256			28	37.4	13.8	40	0.11	<0.002	0.99	0.31	<0.03	0.01	0.01	97.2	0.37	<0.5	17	0.6	5	2	322.91	16	1	87	<10	547
A1-24 07- 411257			33	50.7	15.8	65	0.17	<0.002	0.75	0.33	<0.03	0.01	0.01	94.15	0.7	<0.5	11	1	5	3	344.43	9	1	87	<10	457
A1-24 08- 411258			33	54.4	17.4	63	0.14	<0.002	0.61	0.29	0.04	0.02	0.02	97.07	0.93	<0.5	17	1	6	15	322.91	13	<1	89	<10	466
A1-24 09- 411259			39	38.4	13.2	57	0.26	<0.002	0.5	0.32	0.03	0.02	0.02	97.1	1.18	<0.5	8	1.2	6	3	452.07	5	1	74	<10	610
A1-24 10- 411260			45	34.4	15.7	106	0.17	<0.002	0.48	0.38	<0.03	0.03	0.02	93.74	0.91	<0.5	7	2.5	9	6	322.91	12	<1	105	<10	540
A1-24 11- 411261			45	42	17.8	95	0.16	<0.002	0.54	0.35	<0.03	0.02	0.02	94.69	1.07	<0.5	11	1.4	7	7	301.38	15	<1	113	<10	438
A1-24 12- 411262			41	39.6	13.4	47	0.23	<0.002	0.35	0.28	0.03	0.01	0.02	97.02	1.33	<0.5	6	1.2	5	<1	430.54	16	1	83	<10	534
A1-24 13- 411263			42	37.6	11	20	0.3	<0.002	0.38	0.27	0.03	0.01	0.02	97.77	1.19	<0.5	8	0.9	3	3	516.65	8	<1	88	<10	625
A1-24 14- 411264			36	58.5	18	37	0.21	<0.002	0.42	0.27	0.04	0.01	0.02	95.9	1.48	<0.5	19	1.1	5	1	387.49	7	2	96	<10	704
A1-24 15- 411265			31	35.5	11.8	25	0.24	<0.002	0.31	0.25	0.03	<0.01	0.02	95.94	1.26	<0.5	8	0.6	3	1	452.07	9	2	51	<10	481
A1-24 16- 411266			30	32.9	12.4	41	0.18	<0.002	0.44	0.26	<0.03	0.01	0.02	96.05	1.09	<0.5	7	0.9	4	3	365.96	9	1	77	<10	441
A1-24 17- 411267			29	48.2	15.9	44	0.15	<0.002	0.45	0.26	<0.03	0.02	0.02	97.44	1.13	<0.5	11	0.9	4	3	322.91	8	1	110	<10	445
A1-24 18- 411268			29	37.3	11.4	39	0.18	<0.002	0.4	0.25	<0.03	0.01	0.02	97.18	1.26	<0.5	9	0.8	3	6	322.91	11	<1	87	<10	444
A1-24 19- 411269			32	26.5	9.3	31	0.26	<0.002	0.41	0.27	0.04	0.01	0.01	96.64	1.34	<0.5	10	0.7	5	1	473.59	9	2	60	<10	494
A1-24 20- 411270			48	74.4	26	94	0.11	<0.002	0.71	0.36	0.05	0.02	0.02	94.77	1.33	<0.5	9	1.6	6	3	193.74	6	3	136	<10	591
A1-24 21- 411271			33	32.2	12.1	62	0.18	<0.002	0.55	0.29	<0.03	0.01	0.02	95.4	0.99	<0.5	6	1.1	6	4	279.85	8	<1	89	<10	402
A1-24 22- 411272			35	32.5	13.8	65	0.17	<0.002	0.46	0.3	0.04	0.02	0.02	96.89	1.02	<0.5	11	1	2	3	301.38	13	<1	108	<10	394
A1-24 23- 411273			29	38	12.8	42	0.16	<0.002	0.52	0.25	0.05	0.01	0.02	96.73	1.3	<0.5	11	0.6	2	3	279.85	6	<1	80	<10	406
A1-24 24- 411274			40	38.1	12.4	40	0.4	<0.002	0.52	0.35	<0.03	0.01	0.02	97.51	1.11	<0.5	6	0.6	2	4	452.07	11	<1	79	10	625
A1-24 25- 411275	91	86.3	44	36.7	14.9	57	0.29	<0.002	0.6	0.37	0.03	0.01	0.02	96.17	1.18	<0.5	16	0.8	2	5	495.12	14	<1	93	<10	586
A1-24 26- 411276	92.1		33	34.1	11.2	28	0.27	<0.002	0.43	0.29	0.03	0.01	0.02	98.13	1.02	0.5	10	0.5	<1	4	430.54	13	<1	73	<10	511
A1-24 27- 411277			35	32.4	11.2	30	0.28	<0.002	0.59	0.29	<0.03	0.01	0.02	97.3	0.88	<0.5	9	0.6	1	3	409.01	13	<1	82	10	480
A1-24 28- 411278			70	165.5	43.5	28	0.31	<0.002	0.55	0.34	0.04	0.01	0.02	97.92	1.46	<0.5	11	0.7	2	1	473.59	27	1	176	<10	855
A1-24 29- 411279			34	47.8	16	55	0.19	<0.002	0.57	0.31	<0.03	0.02	0.02	96.03	1.32	0.7	12	<0.5	<1	3	322.91	11	<1	88	10	391
A1-24 30- 411280			42	39	16.4	89	0.15	<0.002	1	0.4	0.05	0.02	0.02	95.31	1.08	1.7	10	1.6	3	4	279.85	10	<1	103	10	551
A1-24 31- 411281			37	43.7	14.5	39	0.26	<0.002	0.42	0.3	0.03	0.01	0.02	97.67	1.29	<0.5	21	<0.5	<1	6	387.49	14	<1	73	<10	479
A1-24 32- 411282			38	48.3	15	25	0.32	<0.002	0.4	0.3	0.04	0.01	0.02	98.47	1.45	<0.5	7	0.6	2	4	473.59	17	<1	57	<10	637
A1-24 33- 411283			35	34.1	11.4	29	0.29	<0.002	0.35	0.28	0.03	0.01	0.02	97.94	1.3	<0.5	<5	<0.5	2	2	430.54	12	<1	66	<10	499
A1-24 34- 411284			33	31	11.2	40	0.25	<0.002	0.4	0.28	<0.03	0.01	0.02	97.12	1.34	<0.5	8	0.8	1	6	365.96	10	<1	97	10	545
A1-24 35- 411285			37	42.7	14.8	47	0.23	<0.002	0.43	0.29	<0.03	0.01	0.02	96.88	1.98	<0.5	8	0.6	1	3	344.43	8	<1	112	10	469
A1-24 36- 411286			32	38.9	13.2	42	0.24	<0.002	0.5	0.29	0.03	0.01	0.02	96.26	2.06	<0.5	8	0.6	1	6	365.96	10	<1	77	<10	462
A1-24 37- 411287			24	18.2	6.6	32	0.23	<0.002	0.39	0.24	<0.03	0.01	0.03	98.48	0.96	<0.5	6	<0.5	1	4	301.38	5	<1	48	<10	352
A1-24 38- 411288			19	16	5	16	0.22	<0.002	0.27	0.18	0.03	<0.01	0.03	99.44	0.78	<0.5	5	<0.5	1	3	258.32	5	1	26	<10	298
A1-24 39- 411289			23	20.9	7.7	30	0.18	<0.002	0.3	0.2	0.03	0.01	0.03	97.71	1.03	<0.5	5	<0.5	1	2	258.32	10	<1	47	<10	294
A1-24 40- 411290			34	42.1	18	80	0.12	<0.002	0.45	0.28	0.04	0.02	0.02	93.55	1.99	<0.5	9	0.5	<1	3	236.80	10	<1	73	<10	288
A1-24-41 411291			<5	5	0.8	<5	0.99	0.004	0.25	0.04	0.09	0.05	0.09	99.18	0.49	<0.5	<5	<0.5	4	8	43.05	<1	11	13	<10	43

About Critical Metals Corp.

Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners. Its initial flagship asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable building block in an expanding geostrategic critical metals portfolio.

For more information, please visit https://criticalmetalscorp.com/.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include, without limitation, statements regarding the financial position, financial performance, business strategy, expectations of our business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “designed to” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

These forward-looking statements may include statements, among other things, relating to: general economic conditions and conditions affecting the industries in which the Company operates; expansion and other plans and opportunities, including expansion into other strategic assets; and other statements preceded by, followed by or that include the words “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or similar expressions.

Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the “Risk Factors” section in the Company’s Shell Company Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 3, 2024 and in the Company’s proxy statement/prospectus, dated December 27, 2023, as supplemented by that proxy statement/prospectus supplement No. 1, dated February 15, 2024, forming a part of Registration Statement on Form F-4 (File No. 333-268970), as amended, which was declared effective on December 27, 2023. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Critical Metals Corp.

Investor Relations: ir@criticalmetalscorp.com 

Media: pr@criticalmetalscorp.com 

Photos accompanying this announcement are available at: 

https://www.globenewswire.com/NewsRoom/AttachmentNg/53e873a4-7669-4853-a375-f0ccb17da671

https://www.globenewswire.com/NewsRoom/AttachmentNg/1d0041a9-7c9f-41cb-8aff-ff5d9ceab680

https://www.globenewswire.com/NewsRoom/AttachmentNg/626fa91e-8a08-408d-ab86-04da3ab662fd

https://www.globenewswire.com/NewsRoom/AttachmentNg/55177751-0ede-42e1-923a-ee8db0c88246

https://www.globenewswire.com/NewsRoom/AttachmentNg/ac7a92e9-1c0c-4417-af98-4d8e4ae7f78c

FAQ

What are the key mineral concentrations found in CRML's Tanbreez Project's first drill hole?

The first drill hole revealed concentrations of 1.82% ZrO2, 4,722.51 ppm TREO (26.96% heavy rare earth content), 130.92 ppm Ta2O5, 1,852.22 ppm Nb2O5, 393.68 ppm HfO2, and 101.67 ppm Ga2O3.

At what depth did CRML's Tanbreez Project drill hole enter the mineralization zone?

The drill hole entered the mineralization zone at a depth of 40 meters, starting from 19 meters above sea level.

What percentage of heavy rare earth content was found in CRML's Tanbreez Project?

The drill results showed that 26.96% of the total rare earth oxide (TREO) content consisted of heavy rare earth elements.