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Critical Mineral Resources PLC said on Tuesday posted ‘encouraging results’ from recent drilling from Morocco’s Agadir Melloul prospect. The London-based resource developer targeting Moroccan metals said soil sample tests indicated near-surface gold and copper in the area, of which it has drilled roughly 1%. The company’s shares jumped 12% to 2.86 pence late Tuesday morning in London, having more than doubled over the past year. CMR noted 1.1% grade copper at a 10-metre intercept, 20 grams per tonne of gold, plus 0.12g/t from the surface. At an intercept of one metre, tests indicated 1.69% grade copper and 4g/t gold from roughly 17 metres. New gold intercepts included a one-metre intercept with 2.5g/t of the yellow metal from 5 metres. CMR expects to publish further results between January and February, and backed the project’s planned timeline. It aims to confirm ‘a shallow, open pittable, maiden resource by late Q2 to early Q3 2026,’ and to break ground on the initial mine development in 2027. According to Chief Executive Charlie Long: ‘It is only a matter of time and drill metres before we define sufficient resources to push the button on construction of a starter operation.’ Assay results so far have supported the company’s original copper mineralisation model, CRM noted, with new gold findings and recently-intercepted Rhyolite adding potential. CEO Long continued: ‘There are also two copper-silver mineralised quartz veins within the project which will be mapped and drilled in due course. These are expected to add higher grade tonnage to the resource for blending with lower grade material. So our targets now include sedimentary copper in carbonates, copper mineralised rhyolite, a gold system, and the copper vein structures we have not yet drilled.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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