Critical Metals Corp Evolves Development Strategy for the Tanbreez Project
Critical Metals Corp (CRML) has announced significant developments at its Tanbreez Greenland Rare Earth Mine project. The company has discovered two new high-grade areas of rare earth materials and secured a cost-effective power supply through collaboration with Nukissiorfiit, Greenland's electric company. The project will focus on mining run of the mill ore at 1.7-1.9% ZrO2, producing concentrate at 10% ZrO2, 2.5% REO, 1.0% Nb2O5, and 0.15% Ta2O5 and HfO2. Three high-grade areas were examined: Horizon Zero, Area G, and EALS, with grades up to 5% ZrO2 and grain sizes reaching up to 3m in some areas. Operations will run approximately 8 months annually, with reduced activity during winter months.
Critical Metals Corp (CRML) ha annunciato sviluppi significativi nel progetto della miniera di terre rare Tanbreez in Groenlandia. L'azienda ha scoperto due nuove aree ad alta gradazione di materiali rari e ha assicurato una fornitura di energia a costi contenuti grazie alla collaborazione con Nukissiorfiit, la compagnia elettrica della Groenlandia. Il progetto si concentrerà sull'estrazione di minerale comune con una percentuale di ZrO2 tra l'1,7 e il 1,9%, producendo un concentrato contenente il 10% di ZrO2, 2,5% di REO, 1,0% di Nb2O5 e 0,15% di Ta2O5 e HfO2. Sono state esaminate tre aree ad alta gradazione: Horizon Zero, Area G e EALS, con percentuali che raggiungono fino al 5% di ZrO2 e dimensioni dei granuli che arrivano fino a 3m in alcune zone. Le operazioni si svolgeranno per circa 8 mesi all'anno, con un'attività ridotta durante i mesi invernali.
Critical Metals Corp (CRML) ha anunciado desarrollos significativos en su proyecto de mina de tierras raras Tanbreez en Groenlandia. La empresa ha descubierto dos nuevas áreas de alta calidad de materiales raros y ha asegurado un suministro de energía rentable a través de la colaboración con Nukissiorfiit, la compañía eléctrica de Groenlandia. El proyecto se centrará en la extracción de mineral común con un contenido de ZrO2 del 1,7 al 1,9%, produciendo un concentrado que contendrá el 10% de ZrO2, 2,5% de REO, 1,0% de Nb2O5 y 0,15% de Ta2O5 y HfO2. Se examinaron tres áreas de alta calidad: Horizon Zero, Área G y EALS, con grados que alcanzan hasta el 5% de ZrO2 y tamaños de grano que llegan hasta 3m en algunas áreas. Las operaciones funcionarán aproximadamente 8 meses al año, con una actividad reducida durante los meses de invierno.
크리티컬 메탈스 코퍼레이션 (CRML)는 그린란드 탠브리즈 희토류 광산 프로젝트에서 중요한 발전을 발표했습니다. 이 회사는 두 개의 고품질 지역에서 희토류 자원을 발견하고, 그린란드 전력 회사인 누키시오르피트와의 협력을 통해 비용 효율적인 전력 공급을 확보했습니다. 이 프로젝트는 1.7-1.9% ZrO2의 천연 광석 채굴에 중점을 두며, 10% ZrO2, 2.5% REO, 1.0% Nb2O5, 0.15% Ta2O5 및 HfO2의 농축물을 생산합니다. 세 개의 고품질 지역이 조사되었습니다: 호라이즌 제로, G지역, EALS로, ZrO2가 최대 5%에 이르고 일부 지역에서는 입자 크기가 최대 3m에 이릅니다. 운영은 연간 약 8개월 동안 진행되며, 겨울철에는 활동이 줄어듭니다.
Critical Metals Corp (CRML) a annoncé des développements significatifs sur son projet de mine de terres rares Tanbreez au Groenland. La société a découvert deux nouvelles zones à haute teneur en matériaux rares et a sécurisé un approvisionnement électrique rentable grâce à une collaboration avec Nukissiorfiit, la compagnie électrique du Groenland. Le projet se concentrera sur l'extraction de minerai ordinaire avec une teneur en ZrO2 de 1,7 à 1,9 %, produisant un concentré de 10 % de ZrO2, 2,5 % de REO, 1,0 % de Nb2O5 et 0,15 % de Ta2O5 et HfO2. Trois zones de haute teneur ont été examinées : Horizon Zero, Zone G et EALS, avec des teneurs atteignant jusqu'à 5 % de ZrO2 et des tailles de grain atteignant jusqu'à 3 m dans certaines zones. Les opérations se dérouleront pendant environ 8 mois par an, avec une activité réduite pendant les mois d'hiver.
Critical Metals Corp (CRML) hat bedeutende Entwicklungen in ihrem Projekt der Seltenen Erden Mine Tanbreez in Grönland angekündigt. Das Unternehmen hat zwei neue hochgradige Bereiche seltener Erdmaterialien entdeckt und eine kostengünstige Energieversorgung durch die Zusammenarbeit mit Nukissiorfiit, dem Elektrizitätsunternehmen Grönlands, gesichert. Das Projekt konzentriert sich auf den Bergbau von Erz mit 1,7-1,9% ZrO2 und der Produktion eines Konzentrats mit 10% ZrO2, 2,5% REO, 1,0% Nb2O5 und 0,15% Ta2O5 und HfO2. Drei hochgradige Bereiche wurden untersucht: Horizon Zero, Area G und EALS, mit Gehalten von bis zu 5% ZrO2 und Korngrößen von bis zu 3 m in einigen Bereichen. Die Aktivitäten werden ungefähr 8 Monate jährlich stattfinden, mit einer reduzierten Aktivität während der Wintermonate.
- Discovery of two new high-grade areas enhancing project potential
- Secured cost-effective power supply for production of up to 3.0 metric tons annually
- Optimized winter operations strategy to maintain production while reducing costs
- High-grade areas showing up to 5% ZrO2 concentration
- operational window of 8 months per year due to seasonal constraints
- Winter operations require reduced labor and electricity usage
Insights
The discovery of two additional high-grade rare earth areas at the Tanbreez Project represents a significant development for Critical Metals Corp. The newly identified zones - Horizon Zero and Area G - show promising grades of
The evolved mining strategy, focusing on seasonal operations, demonstrates smart capital allocation. By concentrating activities in the 8-month window from late spring to mid-autumn, the company can optimize operational costs while maintaining production targets. The secured power agreement with Nukissiorfiit adds another layer of operational certainty.
The concentrate specifications of
The discovery of the EALS zone, featuring exceptionally large crystal sizes up to 3 meters, is particularly noteworthy. Such large crystal formations typically allow for more cost-effective extraction and processing compared to finer-grained deposits. The proximity of Area G to existing infrastructure (access road) and its coarse-grained nature (up to 30cm crystals) should translate to lower mining costs and simpler processing requirements.
The
Discovers two new high-grade areas of rare earth materials, increasing upside potential for foundational project
Secures reliable and cost-effective power supply to enable efficient project roadmap
NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Critical Metals Corp (Nasdaq: CRML) (“Critical Metals Corp”), 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.
“The team continues to make remarkable strides at our rare earth project in Southern Greenland,” said Tony Sage, CEO and Executive Chairman of Critical Metals Corp. “We have identified two new high-grade areas that were not previously recorded or factored into the development strategy, significantly enhancing the upside potential of this foundational asset. In addition, through our collaboration with the Greenland Government, we have secured a cost-effective power supply, enabling us to optimize our development strategy and create a more favorable project roadmap.”
The team working on the Tanbreez Project is actively cutting and preparing the drill core. The first sets of samples have successfully arrived at the ALS laboratory in Ireland for testing.
The team has also engaged in extensive discussions with Nukissiorfiit, the Greenland government’s electric company, to secure a reliable and sustainable power source to support the production of up to 3.0 metric tons of rare earth materials annually. Critical Metals Corp has also evolved its mining strategy to mine the run of the mill ore at 1.7
High-Grade Examinations:
During the past field season, the team working on the Tanbreez Project examined three areas of high-grade earth material. Sampling and limited drilling were conducted at some of these sites, providing sufficient data to plan a concise and rapid exploration program for the next field season:
- Horizon Zero – This body ranges from 2-5m thick, and would require a simple adit to mine. Its grade on limited testing is about
5% ZrO2. Before the evolution of Critical Metals Corp’s strategy, this area was not intended to be mined for decades. - Area G – An area of high-grade, coarse-grained pegmatites is located adjacent to the access road to Lake Tasaq, the Tanbreez Project’s proposed tailings site. This will entail a surface collection exercise, with the grade appearing to be similar to Horizon Zero, but with grain sizes up to 30cm, which streamlines extraction.
- EALS – This is a newly discovered anomalous zone several hundred meters stratigraphically above the kakortokite, the unit designated for mining. In this area, grades are also extreme as is the grain size which can reach up to 3m.
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/.
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Critical Metals Corp.
Investor Relations: ir@criticalmetalscorp.com
Media: pr@criticalmetalscorp.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/784f45a6-f686-48c3-a99d-258957bf2c74
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