Critical Resources (ASX:CRR) secures exclusivity over Greenstars Gold Project

Critical Resources has entered into an exclusivity agreement to pursue a 90% interest in the Greenstars Gold Project in Suriname.

Greenstars follows the proposed Gonini Gold Project acquisition announced on 23 September 2026 and forms part of the company’s stated strategy to build a portfolio of gold projects in Suriname and the wider Guiana Shield.

Highlights

• Greenstars comprises a granted gold exploitation right covering approximately 35 km² in the Para District.

• Subject to completion of both proposed acquisitions, Critical Resources would hold 90% interests in approximately 199 km² of granted gold mining rights.

• The project lies approximately 35 km west of Zijin Mining’s Rosebel gold mine.

• Critical Resources has not verified the vendor’s previous exploration work and reports no Exploration Results for Greenstars.

Greenstars lies west of the Saramacca River and is reached from Paramaribo by approximately 85 km of road travel.

Internal roads, former logging tracks and cut grid lines provide further access within the right. Gonini comprises approximately 164 km² of granted exploitation rights in the historic Sara Creek district.

Regional mapping places Greenstars within the Paleoproterozoic greenstone terrane of the Guiana Shield.

In the southern part of the right, that mapping shows metamorphosed sedimentary and volcanic rocks, including phyllite and metachert, intruded by biotite granite to the south west and partly covered by younger sands.

Rosebel and its Saramacca satellite deposit are on properties owned by another company, and the announcement states that they are not indicative of mineralisation at Greenstars.

Small scale operators are working alluvial gold in the project area, where the vendor reports it conducted reconnaissance, sampling, trenching and shallow drilling between 2018 and 2020, identifying 2 areas it considers prospective.

Its report, however, does not include verifiable sample locations, drill hole details or complete original laboratory certificates.

Critical Resources does not rely on that work and has undertaken no sampling, drilling or assaying of its own at the project.

Managing Director Tim Wither described the company’s intended sequence:

“Our plan is clear: confirm the title, test the ground and let the results drive the next step.”

The exclusivity period runs for 60 days from payment of a US$10,000 fee and can be extended once by up to 30 days.

Critical Resources and the vendor have negotiated key commercial terms for the acquisition, but those terms are non binding and are to be documented in a formal binding agreement.

They include a US$30,000 signing payment and, on completion, US$170,000 in cash and 2,500,000 Critical Resources shares.

Deferred cash payments of US$200,000 in year 2 and US$350,000 in year 3 bring the proposed cash consideration to US$750,000 over 3 years, in addition to the exclusivity fee.

Completion is subject to conditions including satisfactory legal, title and technical due diligence, renewal of the exploitation right or lodgement of a renewal application acceptable to Critical Resources, and the prior written approval of Suriname’s Minister of Natural Resources.

The right runs to May 2027. The company may withdraw at any time, with no further payments due.

During exclusivity, Critical Resources plans a site visit, recovery of the vendor’s original records and verification sampling.

A systematic auger geochemistry program across the right is planned once the conditions precedent are met.