Critical Metals reports results from diamond drill hole program at Fjord Deposit

Critical Metals (CRML) announced for the first time three new assay results from the 2024 diamond drill hole program at the Fjord Deposit at the Tanbreez Rare Earth Project in Greenland. Highlights – 2024 New Diamond Drill Hole Results: Consistent high-grade rare earth mineralization intersected in all four reported holes, with Total Rare Earth Oxide grades between 0.40% and 0.42%. High proportion of heavy rare earth oxides ~26% of TREO, reinforcing the deposit’s potential strategic value.Significant zirconium oxide grades of 1.57-1.58% across all holes.Gallium oxide assays between 93-99 ppm, providing a potential additional economic credit. All holes drilled vertically through sub-horizontal, stratiform kakortokite layers, intersecting mineralisation at approximately true thicknesses. Mineralisation remains open at depth in all reported holes. Drilling confirms continuity of grade and mineralogy across multiple sections of the Fjord Deposit, consistent with historical data. All the drill holes were collared within the Fjord Deposit with 23.6MT @ 0.42% TREO Maiden Mineral Resource. The holes are part of the ongoing 2024-2025 Fjord Resource Upgrade program, with over 1900 m drilled to date in 2025 and further assays pending. Tony Sage, Executive Chairman of the Company, commented: “These additional 2024 diamond drill hole results indicate the consistent grades of rare earth and gallium, with a high proportion of critical heavy rare earths. Our rare earth grades and gallium concentration, position Tanbreez as a strategically important asset for Western supply chains. With China’s control over the rare earth market and gallium, securing sources of these critical minerals has become paramount for U.S. defense capabilities and national security. The progress we’ve made, with 1,316 meters of diamond core drilling completed in 2024, and over 1,850 meters of drilling as part of our 2025 Fjord Resource Upgrade resource extension program, significantly strengthens our ability to build on our substantial resource base. With further assays pending and more drilling underway, we see strong potential to grow the scale and nature of the project’s mineral inventory.”