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The latest update is out from Critical Resources Ltd ( (AU:CRR) ).
Critical Resources Limited has signed a binding agreement to acquire 90% of the Rock and Pillar Prospecting Permit Application, which surrounds its Cap Burn Project in New Zealand’s Otago region. This acquisition secures approximately 10km of the prospective Cap Burn Fault, enhancing the company’s strategic land position and enabling comprehensive testing of mineralization continuity. The area, known for historical alluvial gold workings, remains underexplored, offering Critical Resources a first-mover advantage to apply modern exploration techniques. The acquisition is expected to provide significant geological upside and a low-cost, high-impact growth opportunity for shareholders.
More about Critical Resources Ltd
Critical Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold and antimony resources. The company is strategically positioned in the Otago region of New Zealand, a prolific orogenic gold province, and aims to leverage modern exploration techniques to enhance its resource base.
Technical Sentiment Signal: Sell
Current Market Cap: A$24.93M
For a thorough assessment of CRR stock, go to TipRanks’ Stock Analysis page.