Critical Resources starts high-grade tungsten and gold exploration in New Zealand

Critical Resources Ltd ( (AU:CRR) ) has shared an announcement.

Critical Resources Limited has commenced ground-based exploration at its Lammerlaw and Croesus projects in New Zealand, transitioning from desktop studies to active field work targeting structurally controlled gold, antimony and high-grade tungsten systems. The company’s New Zealand portfolio is supported by pro-investment government reforms and complements its advanced Cap Burn Gold Project.

At Croesus, historical samples have returned exceptional tungsten grades of up to 42.6% WO3, alongside a five-kilometre gold-antimony trend with past production and high-grade legacy rock chips, underscoring the potential for a significant greisen-hosted tungsten and gold-antimony system. Field work at Lammerlaw is focusing on priority gold targets with associated tungsten anomalies, while the recently closed $1.75 million capital raising underpins ongoing exploration in a market where tungsten prices have surged on Chinese export restrictions and supply security concerns.

The most recent analyst rating on (AU:CRR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Critical Resources Ltd stock, see the AU:CRR Stock Forecast page.

More about Critical Resources Ltd

Critical Resources Limited is an ASX-listed exploration company focused on gold and critical minerals, including tungsten and antimony, with a growing portfolio in New Zealand. The company holds 1,694 km² of prospective ground across the Otago and Reefton regions, positioning it to benefit from rising demand and supply security concerns for critical minerals in Tier-1 jurisdictions.

YTD Price Performance: -9.09%

Average Trading Volume: 5,250,744

Technical Sentiment Signal: Sell

Current Market Cap: A$25.35M

See more data about CRR stock on TipRanks’ Stock Analysis page.