Critical Resources (ASX:CRR) secures approvals and prepares for maiden drilling at Amoco Gold-Antimony Project

Critical Resources Limited (ASX:CRR) has received the necessary statutory approvals to commence its maiden Reverse Circulation drill program at the Amoco Gold-Antimony Project in New South Wales.

The project, located in the highly prospective New England Fold Belt, has already demonstrated promising surface results and now advances into its first drilling phase.

With soil-geochemistry results due in early September and drilling set to follow shortly after, Chief Executive Officer Tim Wither addressed several key investor questions on the company’s progress and next steps.

What approvals have been secured to advance the Amoco Project?

“We have secured all necessary statutory approvals from the New South Wales Resources Regulator, which is a critical milestone that allows us to commence drilling activities at the Amoco Gold-Antimony Project.”

The approvals include an Assessable Prospecting Operation permit and a Land Access Agreement, both of which provide the regulatory clearance and access required to begin the maiden Reverse Circulation drill program.

This milestone enables the company to move from surface exploration into drilling that will test mineralisation at depth along key structural corridors, marking a significant advancement for the project.

What exploration work has been completed so far at Amoco?

“During this work we collected fifteen rock chip samples and every single one returned anomalous gold results above 0.8 grams per tonne, with the highest sample reaching 15.1 grams per tonne gold.”

These findings correlated strongly with historical data that had previously recorded assays of up to 17.9 grams per tonne gold, 0.53 percent antimony, and 80 grams per tonne silver.

In addition, field mapping identified a new mineralised zone located approximately 350 metres south of the original trend, extending the mineralised footprint and strengthening the scale potential of the project.

Together, these results confirm mineralisation along a one kilometre east-west strike length and establish a strong foundation for the upcoming drill program.

When will results from the soil-geochemistry program be available, and how will they influence drilling?

“Once these assays are received, they will provide us with multi-element geochemical data that will allow us to refine our drill targets with much greater precision.”

The soil-geochemistry program was completed in July, targeting structural corridors interpreted from aeromagnetic surveys.

Results are due in early September following a minor delay in sample transport and once received, the assays will enable the company to finalise drill designs, ensuring the maiden drill holes are focused on the most prospective parts of the system.

This integration of soil data with rock sampling and structural mapping is a key step in refining and validating drill targets.

How does the Amoco Project fit within the broader New England Fold Belt region?

“Our updated geological model reflects this context and has already confirmed mineralisation across a one kilometre east-west strike, in addition to identifying a new southern zone.”

Amoco is strategically positioned within the New England Fold Belt, lying 19 kilometres southeast of Larvotto Resources’ Hillgrove Antimony-Gold Project and 14 kilometres east of Koonenberry Gold’s Enmore Gold Project.

The region is characterised by multiple closely spaced faults that extend horizontally for hundreds of metres and vertically for several kilometres, a structural setting that supports the development of large mineralised systems.

This regional fertility, combined with confirmed mineralisation at Amoco, highlights the project’s strong potential.

What are the next steps for Critical Resources beyond Amoco?

The immediate focus is on receiving the soil-geochemistry results in early September, finalising drill planning, and preparing the site for drilling.

The maiden Reverse Circulation drill program is scheduled to begin in the second half of September, with a drilling contractor already confirmed.

Parallel to this, the company is progressing the Mayview Antimony Project, with applications advancing through the New South Wales Resources Regulator and discussions underway with the landowner on access agreements.

Beyond its NSW portfolio, Critical Resources also maintains a diversified project base.

The Halls Peak Base Metals Project hosts an inferred resource of 884,000 tonnes grading 3.7 percent zinc, 1.5 percent lead, 0.44 percent copper, 30 grams per tonne silver, and 0.1 grams per tonne gold. In Canada, the Mavis Lake Lithium Project has delivered an inferred resource of 8 million tonnes at 1.07 percent Li₂O from over 45,000 metres of drilling, with strong potential for expansion.

This multi-commodity focus across gold, antimony, base metals, and lithium reflects the company’s broader strategy to explore and develop resources critical to both industrial and clean energy markets.

Looking Ahead at Amoco and Beyond

As Chief Executive Officer Tim Wither outlines, Critical Resources is moving decisively into the drilling phase at Amoco, supported by confirmed surface mineralisation, a strong structural model, and forthcoming geochemistry data to refine drill targets.

Alongside this, progress at the Mayview Antimony Project and ongoing development of Halls Peak and Mavis Lake strengthen the company’s diversified portfolio.

By advancing projects that address demand for both traditional metals and future-facing commodities, Critical Resources is positioning itself to deliver value across multiple growth markets.

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