Critical Mineral Resources: Less than 3% drilled and already eyeing a resource

Critical Mineral Resources PLC (LSE:CMRS, FRA:98J) CEO Charlie Long tells Proactive's Stephen Gunnion that early drilling at Agadir Melloul in Morocco is delivering copper intercepts averaging five metres — well above the company's two-metre target — and less than 3% of the target area has been tested so far.

A maiden JORC resource is targeted for Q3, with a medium-term tonnage goal of 25 million tonnes. Long is measured but confident: "Our sort of medium-term target is 25 million tons. The drilling results are pointing towards a decent resource. But we just want to take things step by step."

Environmental approvals, metallurgy studies and feasibility work are all expected later this year. If drilling success continues, Long says mine construction could begin next year — with production potentially achievable within three years.

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