Critical Metals releases further high-grade drilling results on Tanbreez

Critical Metals (CRML) publishes for the first time the assay results of historical deep diamond drill holes DDH 009-13, DDH 001-13, DDH 012-13 DDH 003-13, DDH 015B-13 and DDH 015-13 drilled in 2013 from the Tanbreez Project in Greenland. Commenting on the assay results, Tony Sage, CEO and Executive Chairman of the Company, said: “These deep diamond drill hole results reveal exceptional assay outcomes and consistently showcase high-grade TREOs and HREOs, positioning Tanbreez as a world-class, unique and valuable rare earth deposit. We believe these excellent high-grade drilling results present the Company with a compelling opportunity to increase our current 45MT Maiden Resource with future drilling programs. After recently announcing the MRE of ~45MT of REE’S @ 0.38% and the robust economic results from the Tanbreez Scoping Study showing the NPV of US$2.4 ~US$3.0 billion on a 10% and 8% discount and an IRR of 162% before tax, we are assembling a highly experienced team to advance the development plans for this game-changing asset.”