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Caerus Mineral Resources Plc ( (GB:CMRS) ) has issued an announcement.
Critical Mineral Resources PLC has commenced drilling at its Agadir Melloul copper-silver project in Morocco, aiming to define resources for an initial mine development and explore a larger scale resource. The drilling program, which includes a 6,000-meter diamond drilling campaign, targets shallow mineralized formations and is part of CMR’s broader strategic resource strategy. The project benefits from easy topography and road access, potentially lowering resource development costs compared to other projects. Successful drilling could significantly enhance CMR’s resource base and shareholder value, aligning with its strategic goals in the critical minerals sector.
More about Caerus Mineral Resources Plc
Critical Mineral Resources PLC (CMR) is focused on developing a sediment-hosted copper and silver project in Morocco. The company aims to produce critical minerals essential for electrification and the clean energy revolution, with a strategic focus on the supply and demand supercycle for commodities like copper. CMR has identified Morocco as an ideal location due to its mining-friendly environment, excellent geology, and favorable infrastructure and regulatory conditions.
Average Trading Volume: 1,567,065
Technical Sentiment Signal: Buy
Current Market Cap: £4.87M
See more data about CMRS stock on TipRanks’ Stock Analysis page.