Critical Resources

Critical Resources is developing critical minerals projects for a decarbonized future Mavis Lake Lithium Project The Mavis Lake Lithium Project is located approximately 19km east-northeast of the township of Dryden in North-Western Ontario. Dryden provides a logistics and support base for the exploration and development efforts at Mavis Lake, making for a low-cost operation. The Project has immediate road accessibility to Trans-Canada Highway 17 as well as a rail network that stretches across Canada and has links to the Northern United States, the established road and rail networks provide inbound and outbound logistics routes for major equipment, mining fleet and in due course, product logistics. Utilising the deep-water port and shipping lanes from the nearby port of Thunder Bay, products from the Mavis Lake Project will be able to reach any number of downstream customers and will likely be part of a supply chain that supports the North American and European Electric Vehicle industry. Critical Resources completed over 19,500 meters of drilling in 2022 and delivered some of the highest lithium assay results reported by any ASX listed hard-rock lithium company. The Company defined JORC 2012 compliant, Maiden Mineral Resource Estimate (MRE) of 8Mt at 1.07% Li2O in May 2023 and continues exploration and drilling efforts to increase the resource size. Critical Resources has also initiated technical and environmental studies that will underpin the development of the Mavis Lake Lithium Project. The first nations are Wabigoon Lake Ojibway Nation, Eagle Lake First Nation, Naotkamegwanning (Whitefish) Nation, Lac Seul First Nation and Metis Nation of Ontario.