TIDMCMRS
RNS Number : 5159V
Caerus Mineral Resources PLC
14 December 2021
14 December 2021
Caerus Mineral Resources PLC
('Caerus' or the 'Company')
Resource Development and Exploration Update
Drill results enhance the potential economic viability of all
three hard rock targets at Troulli
Caerus Mineral Resources (LON: CMRS), the exploration and
resource development company focused on developing mineral
resources in Europe to support the global "Clean Energy"
initiative, is pleased to provide shareholders with an update on
exploration and resource development work in Cyprus, including
drill and trench analyses for copper and gold.
Highlights
-- Indications are that drilling has delineated an economically
viable Gold Oxide Zone for near-term development. Recent peak drill
intercepts include 1.4g/t Au over 22 metres, 1.1g/t Au over 30
metres and 1.0g/t Au over 20 metres, all from surface.
-- Recent infill diamond drilling has yielded compelling
evidence for the continuity of the sulphide zone at depth beneath
the Gold Zone with peak drill intercepts including 1.68% Cu over 2
metres, 1.41% Cu over 6 metres, 1.3% Cu over 6 metres and 0.7% Cu
over 20 metres.
-- Diamond drill hole TR21DD002, testing extensions of the
former open pit has intersected highly significant copper
mineralisation at a grade of 0.40% Cu over 117 metres, including
0.70% Cu over 44.0 metres. Mineralisation commences from
surface.
-- Trench sampling of surface materials continues to return
notable pXRF results with peak readings of 17.7% Cu, 6.9% Cu, 6.64%
Cu, 6.12% Cu and 4.94% Cu.
-- Joint Venture and Option agreements are progressing well with
all parties moving quickly towards both plant and initial mine
design.
Commenting on the Programme, Chief Executive Officer Martyn
Churchouse said; "We continue to make significant progress with our
Joint Ventures and evaluation and resource development programmes.
Our policy of regular communication with Shareholders has been
undermined by the painfully slow turnaround from the independent
assay laboratory. It is little comfort to shareholders that we are
drilling, trenching, and sampling at an impressive pace if we
cannot back this up by sharing analytical results. We remain
hopeful that the backlog will be cleared soon.
Shareholders will be aware that we have started to use the pXRF
to generate preliminary results and, whilst XRF data is not as
accurate as laboratory assay data, it does confirm the presence of
copper and/or gold and therefore a high degree of comfort that we
are targeting the right resources. The detailed work completed on
surface materials at Troulli has far exceeded expectations both in
terms of tonnage, and particularly grade, and clearly validates our
brownfield strategy. The ability to have access to stockpiles with
copper grades typically running at 4 to 6% Cu with peak grades
above 15% Cu that can be processed during the early stages of
mining is an exciting opportunity as we look in a future production
situation. The delineation of a potentially substantial copper
sulphide orebody located immediately beneath the Gold Oxide Zone
has been an unexpected bonus that adds a new dimension to the
Troulli Project with a combined package width ranging from 30-60
metres.
It is important to emphasise that all the drill intercepts
reported to date, without exception, relate to mineralisation
occurring at, or close to, surface. The ability to limit overburden
or waste stripping to the pushing back of open pit slopes, rather
than stripping unmineralised waste rock, is expected to enhance
Project Economics. We are working well with our Joint Venture
partner Bezant Resources and both parties are keen to see the hard
work of the past few months converted to Mineral Resource estimates
and economic assessment, with mine design and planning to commence
in Q1 2022. The work being undertaken by Jubilee Metals Group is
reaching a stage where their independent metals recovery test work
can commence, leading quickly to plant design.
Caerus has outlined an aggressive programme for 2022, which is
expected to see the Company shift from being an exploration company
to becoming a resource developer and near-term small miner".
Gold Oxide Drill Programme (Troulli)
-- Assay results received for some of the short percussion holes
drilled into the Gold Oxide Zone at Troulli returned highly
encouraging results.
-- 20 percussion and 10 diamond drillholes completed to date.
Analyses for all diamond drillholes still to be received from the
independent laboratory
-- Ongoing diamond drilling will provide the information
required to complete the generation of a JORC (2012) Mineral
Resource expected in Q1, 2022.
-- It is important to note all mineralisation commences from
surface and is thus conducive to low-cost mining.
Table 1: Principal intersections for the complete oxide gold
zone percussion drill programme include:
Hole From To Mineralised Width Gold
(metres) (metres) (metres) (g/t Au)
TR21DH01 0.0 12.0 12.0 5.11
---------- ---------- ------------------ ----------
TR21DH02 0.0 22.0 22.0 1.93
---------- ---------- ------------------ ----------
TR21DH03 0.0 22.0 22.0 1.20
---------- ---------- ------------------ ----------
TR21DH04 0.0 4.0 4.00 1.32
---------- ---------- ------------------ ----------
TR21DH05 0.0 14.0 14.0 1.18
---------- ---------- ------------------ ----------
TR21DH06 0.0 10.0 10.0 2.07
---------- ---------- ------------------ ----------
TR21DH08 0.0 18.0 18.0 0.98
---------- ---------- ------------------ ----------
TR21DH09 0.0 6.0 6.0 1.50
---------- ---------- ------------------ ----------
TR21DH10 6.0 32.0 26.0 0.50
---------- ---------- ------------------ ----------
TR21DH11 0.0 22.0 22.0 1.40
---------- ---------- ------------------ ----------
TR21DH12 0.0 20.0 20.0 0.90
---------- ---------- ------------------ ----------
TR21DH13 0.0 14.0 14.0 0.50
---------- ---------- ------------------ ----------
TR21DH14 0.0 15.0 15.0 0.70
---------- ---------- ------------------ ----------
TR21DH18 0.0 30.0 30.0 1.10
---------- ---------- ------------------ ----------
TR21DH19 0.0 20.0 20.0 1.00
---------- ---------- ------------------ ----------
TR21DH20 0.0 12.0 12.0 1.00
---------- ---------- ------------------ ----------
Copper Zone Drill Programme (Troulli Au Oxide Zone)
-- Caerus is now confident that the new copper zone discovery
located close to surface and immediately beneath the Gold Oxide
Zone will convert to a viable copper sulphide Mineral Resource.
-- Initial percussion drilling did not intersect the full width
of sulphide copper mineralisation. This has now been achieved with
the recent diamond drill programme from which further analyses are
pending.
-- The Company is targeting a copper sulphide JORC (2012) Mineral Resource during Q1, 2022.
Table 2: Peak copper intersections beneath the oxide gold zone
include:
Hole From To Mineralised Width Grade
(metres) (metres) (metres) (% Cu)
TR21DH02 14.0 22.0 8.0 0.62
---------- ---------- ------------------ --------
TR21DH05 14.0 20.0 6.0 1.41
---------- ---------- ------------------ --------
TR21DH07 14.0 16.0 2.0 1.68
---------- ---------- ------------------ --------
TR21DH10 26.0 32.0 6.0 0.80
---------- ---------- ------------------ --------
TR21DH11 18.0 22.0 4.0 0.70
---------- ---------- ------------------ --------
TR21DH18 20.0 30.0 20.0 0.70
---------- ---------- ------------------ --------
TR21DH19 12.0 20.0 8.0 0.50
---------- ---------- ------------------ --------
TR21DH25 0.0 48.0 48.0 0.4
---------- ---------- ------------------ --------
Includes 34.0 40.0 6.0 1.30
---------- ---------- ------------------ --------
TR21DH26 0.0 22.0 22.0 0.50
---------- ---------- ------------------ --------
Copper Sulphide Drill Programme (Open Pit Extensions)
-- Eight drillholes have been completed in the sulphide zone of
the former open pit, with assays returned for only one hole to
date.
-- TR21DD002 has returned highly significant mineralised
intercepts indicative of a broad zone of sulphide mineralisation
commencing at surface and extending to depth beneath the former
open pit
-- Copper mineralisation has been demonstrated in all holes
drilled to date which, combined with the package width intercepted
in drillhole TR21DD002 implies potential for a sizeable mineral
resource once all assays for the other drillholes drilled have been
received.
Table 3: Peak copper intersections for Former Open Pit Copper
Zone Extension include:
Hole From To Mineralised Grade
(metres) (metres) Width (% Cu)
(metres)
TR21DD002 0.0 117.0 117.0 0.40
---------- ---------- ------------ --------
Includes 8.0 52.0 44.0 0.70
---------- ---------- ------------ --------
Includes 37.0 47.0 10.0 1.10
---------- ---------- ------------ --------
Includes 90.0 98.0 8.0 0.60
---------- ---------- ------------ --------
Surface Material Sampling (Troulli)
-- A wide-ranging and comprehensive programme of trenching and
sampling has been completed over all ore stockpiles, low-grade
dumps, tailings and other surface materials at Troulli
-- pXRF analysis on dumps has returned impressive results in the
0.29 to 17.7% Cu range (Table 4) that will now be confirmed by
external laboratory analysis.
-- A total of 494 Trench samples have been dispatched for
analysis covering a combined trench length of 709 metres
-- 26 samples, including bulk composites from stockpiles have
been sent to our partner Jubilee Metals Group for metallurgical
testing
-- To date, a total of 1,064 metres of trenching has been excavated
-- Evidence to date indicates the discovery and delineation of a
substantial volume of mineralised surface materials offering
low-cost, easily accessible feedstock providing a quick and simple
route to early cashflow
Table 4: Peak pXRF Copper Sample Analyses for Trench Excavations
- Troulli Project
Trench Horizon Grade
(% Cu)
TR21OSP1 A & AB 1.50, 1.04
--------- -----------------------
B 4.02, 3.75, 3.73, 3.54
--------- -----------------------
TR21OSP2 A & AB 1.38, 1.17
--------- -----------------------
B 6.64, 4.94, 4.53
--------- -----------------------
TR21OSP3 A & AB 0.84, 0.80
--------- -----------------------
B 6.12, 5.01, 4.92
--------- -----------------------
TR21OSP4 A & AB 1.73, 1.48
--------- -----------------------
B 6.90, 6.03, 4.38
--------- -----------------------
TR21OSP5 A & AB 0.29
--------- -----------------------
B 3.90, 3.73
-------------------- -----------------------
TR21JCT1 A & AB 0.59, 0.41
--------- -----------------------
B 1.92, 1.40
-------------------- -----------------------
TR21JCT4 A & AB 17.7, 1.36
--------- -----------------------
Jubilee Agreement
-- The emphasis remains on the Troulli - Kokkinapetra -
Anglisides Axis, where the former Troulli mine can serve as the
processing hub. All parties are working towards concluding an
agreement for the first Joint Venture in Q1, 2022. This would be
the catalyst for a definitive outline plant design with sufficient
data available to progress an initial mine design.
Bezant Joint Venture
-- Proceeding as planned with both parties focusing on Resource
Drilling of hard rock mineralisation and the assessment of surface
materials to service the anticipated Jubilee Metals Group Joint
Venture
Mineral Resource Estimation
-- Caerus has engaged Addison Mining Services, a renowned
London-based external consulting group to undertake mineral
resource estimation work and geological - resource modelling. All
parties are working towards JORC (2012) Mineral Resource Estimates
in Q1, 2022.
Regional Exploration
-- A sampling of waste dumps and tailings at the Mala Project
has returned notable grades of copper and gold and much higher gold
results than expected. Peak grab sample grades include 2.2g/t Au
and 0.25% Cu, 1.5g/t Au and 0.37% Cu and 1.2g/t Au and 0.49%
Cu.
-- The combination of copper and gold associated with surface
material elevates the Mala Project to a higher priority and
additional work, including trenching and drilling will be
undertaken early in 2022 to generate samples for Jubilee Metals
Group test work and laboratory analysis to determine whether
identified resources meet the Jubilee Joint Venture criteria.
-- Further evaluation of dumps on the Kalavasos Project that
returned encouraging, and previously reported, copper-gold grades,
has revealed a potentially larger tonnage than originally
anticipated. Survey-based volumetric estimation of dumps is
ongoing, and a percussion rig has been contracted for Q1, 2022 to
test the grades at depth in the larger dumps ahead of a preliminary
Mineral Resource Estimation
Drill programmes
Table 5: Percussion Drill Analyses for Drilling Undertaken since
Commencement of the Caerus Drill Programme - Troulli Gold Zone
& Underlying Copper Zone
Hole Number Hole Depth From To Length Grade Grade
(m) (m) (m) (m) (g/t Au) (% Cu)
TR21DH01 14 0 12 12 5.11
----------- ----- ----- ------- ---------- --------
Includes 0 6 6 7.41
----------- ----- ----- ------- ---------- --------
TR21DH02 22 0 22 22 1.93 0.26
----------- ----- ----- ------- ---------- --------
Includes 0 14 14 1.84
----------- ----- ----- ------- ---------- --------
Includes 14 22 8 2.09 0.62
----------- ----- ----- ------- ---------- --------
TR21DH03 28 0 22 22 1.20
----------- ----- ----- ------- ---------- --------
Includes 0 8 8 1.00
----------- ----- ----- ------- ---------- --------
Includes 8 22 14 1.32
----------- ----- ----- ------- ---------- --------
and 22 28 6 0.53 0.66
----------- ----- ----- ------- ---------- --------
TRT21DH04 16 0 4 4 1.32
----------- ----- ----- ------- ---------- --------
Includes 4 16 12 0.26 0.41
----------- ----- ----- ------- ---------- --------
TR21DH05 24 0 14 14 1.18
----------- ----- ----- ------- ---------- --------
Includes 0 12 12 1.26
----------- ----- ----- ------- ---------- --------
Includes 12 14 2 0.70
----------- ----- ----- ------- ---------- --------
and 14 20 6 0.10 1.41
----------- ----- ----- ------- ---------- --------
TR21DH06 20 0 10 10 2.07
----------- ----- ----- ------- ---------- --------
Includes 0 6 6 2.82
----------- ----- ----- ------- ---------- --------
Includes 14 20 6 0.34
----------- ----- ----- ------- ---------- --------
TR21DH07 20 2 6 4 0.78
----------- ----- ----- ------- ---------- --------
Includes 14 16 2 0.39 1.68
----------- ----- ----- ------- ---------- --------
TR21DH08 18 0 18 18 0.98
----------- ----- ----- ------- ---------- --------
Includes 0 2 2 0.53
----------- ----- ----- ------- ---------- --------
Includes 2 18 16 1.04
----------- ----- ----- ------- ---------- --------
TR21DH09 22 0 6 6 1.5
----------- ----- ----- ------- ---------- --------
TR21DH10 34 6 32 26 0.5
----------- ----- ----- ------- ---------- --------
Includes 8 14 6 0.4
----------- ----- ----- ------- ---------- --------
Includes 26 32 6 0.8
----------- ----- ----- ------- ---------- --------
and 28 32 4 1.5
----------- ----- ----- ------- ---------- --------
TR21DH11 22 0 22 22 1.4 0.3
----------- ----- ----- ------- ---------- --------
Includes 0 8 8 2.0
----------- ----- ----- ------- ---------- --------
Includes 18 22 4 0.7
----------- ----- ----- ------- ---------- --------
TR21DH12 20 0 20 20 0.9
----------- ----- ----- ------- ---------- --------
Includes 0 4 4 0.3
----------- ----- ----- ------- ---------- --------
Includes 0 8 8 1.4
----------- ----- ----- ------- ---------- --------
TR21DH13 14 0 14 14 0.5
----------- ----- ----- ------- ---------- --------
Includes 0 8 8 0.7
----------- ----- ----- ------- ---------- --------
TR21DH14 16 0 15 0.7
----------- ----- ----- ------- ---------- --------
Includes 0 4 4 2.0
----------- ----- ----- ------- ---------- --------
TR21DH15 18 0 17 0.5
----------- ----- ----- ------- ---------- --------
Includes 10 14 4 0.9
----------- ----- ----- ------- ---------- --------
TR21DH16 25 12 14 2 0.5
----------- ----- ----- ------- ---------- --------
Includes 12 20 8 0.3
----------- ----- ----- ------- ---------- --------
TR21DH17 32 8 32 24 0.3
----------- ----- ----- ------- ---------- --------
Includes 8 22 14 0.4
----------- ----- ----- ------- ---------- --------
TR21DH18 30 0 30 30 1.1
----------- ----- ----- ------- ---------- --------
Includes 20 30 10 0.7
----------- ----- ----- ------- ---------- --------
Includes 0 14 14 1.6
----------- ----- ----- ------- ---------- --------
TR21DH19 20 0 20 20 1.0 0.4
----------- ----- ----- ------- ---------- --------
Includes 0 10 10 1.4
----------- ----- ----- ------- ---------- --------
Includes 0 4 4 0.5
----------- ----- ----- ------- ---------- --------
and 12 20 8 0.5
----------- ----- ----- ------- ---------- --------
TR21DH20 12 0 12 10 1.0
----------- ----- ----- ------- ---------- --------
Includes 0 4 4 0.5
----------- ----- ----- ------- ---------- --------
Includes 0 18 18 0.3
----------- ----- ----- ------- ---------- --------
TR21DH22 18 0 18 18 0.3
----------- ----- ----- ------- ---------- --------
Includes 0 6 6 0.4
----------- ----- ----- ------- ---------- --------
TR21DH23 13 0 12 12 0.4
----------- ----- ----- ------- ---------- --------
Includes 6 12 6 0.5
----------- ----- ----- ------- ---------- --------
TR21DH24 14 4 12 8 0.5
----------- ----- ----- ------- ---------- --------
TR21DH25 48 0 48 48 0.4
----------- ----- ----- ------- ---------- --------
Includes 24 48 0.7
----------- ----- ----- ------- ---------- --------
Includes 34 40 6 1.3
----------- ----- ----- ------- ---------- --------
TR21DH26 32 0 22 22 0.5
----------- ----- ----- ------- ---------- --------
Includes 0 4 4 0.7
----------- ----- ----- ------- ---------- --------
Includes 12 18 6 0.7
----------- ----- ----- ------- ---------- --------
TR21DH27 15 1 5 5 0.3
----------- ----- ----- ------- ---------- --------
TR21DH28 4 0 2 2 0.6
----------- ----- ----- ------- ---------- --------
TR21DH29 6 0 2 2 0.3
----------- ----- ----- ------- ---------- --------
TR21DH30 12 2 10 0.3
----------- ----- ----- ------- ---------- --------
Table 6: Diamond Drill analysis TR21DD002 - Former Open Pit
Area
Hole From (m) To (m) Mineralised Width Gold (% Cu)
(m)
TR21DD002 0.0 117.0 117.0 0.40
--------- ------- ------------------ ------------
8.0 52.0 44.0 0.70
--------- ------- ------------------ ------------
37.0 47.0 10.0 1.10
--------- ------- ------------------ ------------
90.0 98.0 8.0 0.60
--------- ------- ------------------ ------------
Surface Material Sampling
Table 7.1: pXRF - Copper Analyses Troulli Project - Trench
TR21OSP1
Trench Horizon Grade (% Cu)
TR21OSP1 A & AB 1.04, 0.35, 0.46, 0.57, 0.10, 1.50, 0.64
--------- -----------------------------------------
B 3.38, 3.54,3.75, 4.02, 3.73, 2.99
--------- -----------------------------------------
C 0.32
-------------------- -----------------------------------------
Table 7.2: pXRF - Copper Analyses Troulli Project - Trench
TR21OSP2
Trench Horizon Grade (% Cu)
TR21OSP2 A & AB 0.95, 0.10, 1.17, 0.34, 0.80, 0.31, 1.38, 0.63, 0.30
--------- -----------------------------------------------------
B 3.05, 1.83, 4.53, 3.73, 4.33, 6.64, 4.94
--------- -----------------------------------------------------
C 0.71
-------------------- -----------------------------------------------------
Table 7.3: pXRF - Copper Analyses Troulli Project - Trench
TR21OSP3
Trench Horizon Grade (% Cu)
TR21OSP3 A & AB 0.84, 0.50, 0.80, 0.64, 0.50, 0.66, 0.60, 0.40, 0.14, 0.35, 0.61, 0.48
--------- -----------------------------------------------------------------------
B 4.24, 2.74, 4.70, 2.46, 5.01, 3.60, 4.92, 6.12, 3.20, 3,04, 3.79
--------- -----------------------------------------------------------------------
C 0.17
-------------------- -----------------------------------------------------------------------
Table 7.4: pXRF - Copper Analyses Troulli Project - Trench
TR21OSP4
Trench Horizon Grade (% Cu)
TR21OSP4 A & AB 0.87, 0.30, 0.77, 0.27, 0.34, 0.35, 1.48, 1.73, 0.43, 0.21
-------- -----------------------------------------------------------
B 1.72, 2.25, 6.03, 3.60, 4.07, 3.17, 2.60, 2.62, 6.90, 4.38
-------- -----------------------------------------------------------
Table 7.5: pXRF - Copper Analyses Troulli Project - Trench
TR21OSP5
Trench Horizon Grade (% Cu)
TR21OSP5 A & AB 0.23, 0.18, 0.29
-------- -----------------
B 3.90, 3.73, 2.25
-------- -----------------
Table 7.6: pXRF - Copper Analyses Troulli Project - Trench
TR21JCT1
Trench Horizon Grade (% Cu)
TR21JCT1 A & AB 0.27, 0.59, 0.41, 0.28
--------- -----------------------
AC & C 1.92, 1.40, 0.77
--------- -----------------------
D 1.11
-------------------- -----------------------
Table 7.7: pXRF - Copper Analyses Troulli Project - Trench
TR21JCT4
Trench Horizon Grade (% Cu)
TR21JCT4 A & AB 1.26, 1.36, 17.7
-------- -----------------
Table 8: Mala Project - Copper - Gold Grab Sample Analyses
Sample No Grade (g/t Au) Grade (ppm Cu)
JMAL001 1.5 3,710
--------------- ---------------
JMAL002 1.2 4,940
--------------- ---------------
JMAL003 0.7 1,360
--------------- ---------------
JMAL004 1.0 3,510
--------------- ---------------
JMAL005 0.8 2,290
--------------- ---------------
JMAL006 0.4 1,335
--------------- ---------------
JMAL007 0.2 738
--------------- ---------------
JMAL008 1.4 1,810
--------------- ---------------
JMAL009 0.8 652
--------------- ---------------
JMAL010 0.8 1,080
--------------- ---------------
JMAL011 1.0 1,820
--------------- ---------------
JMAL012 2.2 2,470
--------------- ---------------
JMAL013 0.8 2,050
--------------- ---------------
JMAL014 0.2 645
--------------- ---------------
JMAL015 0.5 3,210
--------------- ---------------
JMAL016 0.1 616
--------------- ---------------
JMAL017 0.8 2,550
--------------- ---------------
JMAL018 0.7 1,490
--------------- ---------------
Notes to Editors and Stakeholders
X-ray fluorescence (XRF) is a fast and effective but only
semi-quantitative method for positively identifying the elemental
composition of a wide range of materials, including geochemical
samples. A common application is by geologists using hand-held XRF
devices as a prospecting guide to prioritising exploration targets.
XRF data generated for copper in alloys, concentrates, soils, and
even Certified Reference Materials can have a significant error
term and an accuracy and precision of at least + 20% compared to
the quantitative acid digestion- ICPMS laboratory methods - that
are the definitive quality (QA/QC) standard (Knight et al., 2013,
Hull, 2017).
Hull, M.W (2017). NDT Technician Newsletter, Vol 16 (1),
1-6.
Knight, R.D., Kjarsgarrd, B.A., Plourde, A.P and Moroz, M.
(2013). Geol. Survey of Canada. Open File 7358. Natural Resources,
Canada. 42pp.
For further information , please visit
www.caerusmineralresources.com or contact:
Caerus Mineral Resources plc:
Martyn Churchouse info@caerusmineralresources.com
Chief Executive Officer +44 (0)1249 782162
--------------------------------
Novum Securities
--------------------------------
Jon Bellis +44 (0) 20 7399 9425
--------------------------------
Follow us on Twitter at @CaerusMineral
About Caerus Mineral Resources
Caerus Mineral Resources is a European focused copper-gold
resource development and exploration company with a portfolio of
mineral exploration licences located in Cyprus. The Country has a
well-developed infrastructure and history of mineral exploration
and production, which has been dormant over the last 50 years and
provides significant undiscovered value.
With investors recognising copper as one of the cornerstone
metals for the Clean Energy Transition centred upon the Electric
Vehicle and Stationary Energy sectors, Caerus is working to rapidly
expand its copper exploration and production objectives. The Caerus
licence portfolio includes 16 former mines which operated with an
average head grade of approximately 2% copper.
Caerus' licence portfolio comprises brownfield sites, where
historic mining has taken place, and greenfield licences, where
there has been no systematic exploration. The Brownfield sites and
the former high-grade copper-gold mines they host are evidence of
rock types and structures conducive to Volcanogenic Massive
Sulphide ("VMS") mineralisation. As VMS deposits characteristically
occur in camps or clusters, it is the Company's view that its
licences are prospective for both extensions to existing or
mined-out orebodies together with new discoveries.
The combination of brown and greenfield exploration provides
optionality and the opportunity for the Company to quickly build a
resource portfolio that can be commercially developed.
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Qualified Persons
The content of this news release has been reviewed, verified,
and approved by Mr. Nigel Chapman. Mr. Chapman has sufficient
experience which is relevant to the style of mineralisation and
type of deposit under consideration and to the activity to which he
is undertaking to qualify as a Competent Person as defined in the
2004 Edition of the 'Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves and as a qualified
person under the AIM Note for Mining, Oil and Gas Companies. Mr.
Chapman is an employee of Mineral Exploration Management Limited,
an independent geological consultancy established in 2005 and is a
Member of the Australasian Institute of Geoscientists (A.I.G.)
Mr. Chapman consents to the inclusion in this Announcement of
such information in the form and context in which it appears.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDDKNBPNBDBFBD
(END) Dow Jones Newswires
December 14, 2021 02:00 ET (07:00 GMT)
Critical Mineral Resources (LSE:CMRS)
Historical Stock Chart
From Jul 2024 to Jul 2024
Critical Mineral Resources (LSE:CMRS)
Historical Stock Chart
From Jul 2023 to Jul 2024
