Critical Resources

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We've appointed Mauricio Felmer as Principal Geologist to lead exploration across our Suriname gold projects, and planning is already under way for our first field program.

Mauricio brings more than 23 years of exploration experience across South America, Africa and Asia, including building the geological and structural model at the Oko West gold deposit in Guyana while at Reunion Gold, now part of G Mining Ventures. He has worked on more than 70 exploration projects and mine sites, and has been involved in three mineral discoveries.

The first fieldwork is set to start in December 2026 at the Gadu Manda Gold Project, around 4 km west of Zijin Mining's Rosebel gold mine, using hand-auger soil sampling to look for signs of gold beneath the surface. Alongside this, GexplOre, the structural geology specialists we engaged in October 2026, is using satellite data to help identify the most promising areas at the Gonini Gold Project before ground crews move in.

Together, Gonini, Greenstars and Gadu Manda would give us approximately 228 km² of granted gold rights in Suriname, subject to completion of the acquisitions already announced. Our approach is to explore systematically and at low cost, letting results guide where we commit to drilling rather than moving straight to the drill rig.

It's worth remembering this is early-stage exploration. There's no guarantee it will lead to a discovery, and steps like full-time employment for Mauricio and further drilling remain subject to approvals, results and completion of the announced transactions.

If you have questions about this announcement, we'd welcome you raising them through the investor hub.

We're starting fieldwork at our Vermillion Bay Project in north-western Ontario, with a crew heading out to map and sample rocks across the roughly 1,000-hectare claim area. The aim is to check whether the pegmatites there show the kind of lithium-caesium-tantalum (LCT) characteristics we're targeting across our Ontario ground.

Vermillion Bay sits about 70 km west of our Mavis Lake Lithium Project and has mostly been explored for uranium and granite in the past, not lithium. That gives us a fresh angle: using historical geological records and satellite data to point the crew toward the most promising pegmatite contacts and structures before any lithium-focused work has been done there.

It's worth being clear about where this sits today. This is prospecting, not drilling. No exploration results are being reported in this announcement, and LCT-type pegmatite hasn't been confirmed on these claims. Fieldwork is expected to take one to two weeks, after which samples go to the lab, and we'll report back once those assays are reviewed. Whatever we find will guide whether, and how, we follow up.

For context, Mavis Lake remains the cornerstone of our Ontario portfolio, with an Inferred Mineral Resource of 8.0 Mt at 1.07% Li2O and established infrastructure nearby. Vermillion Bay is an early-stage look at whether we've got another opportunity sitting within reach of that same corridor.

If you've got questions about this announcement, we'd encourage you to ask us directly through the investor hub.

This quarter marked a real shift for Critical Resources: our move into gold exploration in Suriname's Guiana Shield.

We secured exclusivity to acquire a 90% interest in two granted gold projects, Gonini (~164 km²) and Greenstars (~35 km²), and after quarter end added a third, Gadu Manda (~29 km², around 4 km from Zijin's Rosebel open pits). That takes our Suriname portfolio under exclusivity to ~228 km². We believe we're the first ASX-listed company in many decades to hold exclusivity over granted gold tenure there. Management is in-country now completing due diligence, and we've engaged structural geophysics specialists to help target the next field programs. It's worth being clear: these are greenfield projects with no exploration results reported yet, and completion of each acquisition depends on due diligence, approvals and binding agreements, none of which are guaranteed.

Elsewhere, our existing projects kept moving. In New Zealand, follow-up soil sampling at Lammerlaw defined new gold pathfinder anomalies, and a historical data review at Silver Peaks identified three targets for field testing. At Mavis Lake in Canada, we staked additional claims over the Red Hat gold target and received geochemistry results supporting further lithium targeting. Our solid-state battery work reached a new milestone too, with a full-format pouch cell sustaining over 780 hours of continuous cycling, and CSIRO has come on board as a research collaborator.

On funding, we raised $1.6 million in a placement, with the first tranche of $1,125,000 settled in September. The second tranche, $475,000 from director participation, still needs shareholder approval. We held A$1.58 million in cash at quarter end.

If you have questions about any of this, we'd encourage you to ask them through the investor hub.

We've secured exclusivity to acquire a 90% interest in a third gold project in Suriname: Gadu Manda, a granted 29 km² exploration permit sitting about 4 km from the western open pits of Zijin's Rosebel mine, which has produced more than 6 Moz of gold since 2004.

With Gonini and Greenstars, this takes our Suriname portfolio, once all three acquisitions complete, to around 228 km² of granted gold rights across the greenstone belt, with two of the three projects now sitting near Rosebel itself. Small-scale miners have already worked part of the Gadu Manda permit, exposing quartz veining, which gives us a useful starting point as we plan our own work. To be clear, no sampling or drilling has been done by us, and no exploration results, resources or reserves are reported for the project.

The deal is staged: US$200,000 in cash over two years, including a US$10,000 exclusivity fee already paid, plus 2,500,000 CRR shares and a minimum US$200,000 exploration commitment. Completion still depends on satisfactory due diligence and approval from Suriname's Minister of Natural Resources, among other conditions, and we can withdraw from the transaction at any time if it doesn't stack up.

Our team is on the ground in Suriname right now completing due diligence across all three projects, with structural targeting work by specialist geophysicists already under way. This is early-stage exploration in a proven gold district, and there's no guarantee it leads to a discovery, but we like the portfolio we're building.

If you have questions about this announcement, you're welcome to ask us directly through the investor hub.

We're issuing 2,500,000 new Critical Resources shares as completion consideration for our acquisition of a 90% interest in the Gadu Manda Gold Project, as announced on 20 October 2026.

These shares aren't being issued for cash. They're valued at an estimated A$0.008000 each and form part of the payment to the vendor for the project interest. Once issued, they'll rank equally with our existing ordinary shares.

The shares are being issued using our existing 15% placement capacity under ASX Listing Rule 7.1, so no separate shareholder vote is required for this issue. The proposed issue date is 30 November 2026.

This is a routine step that follows directly from the acquisition announcement, rather than a new transaction in its own right. If you'd like the full background on the Gadu Manda Gold Project acquisition, that's set out in our 20 October 2026 announcement.

If you have questions about this announcement, we'd encourage you to use the question box on this page.

Management is on the ground in Suriname this week, visiting both the Gonini and Greenstars gold projects, meeting vendors, local communities and government officials, and getting ready to put a field crew into the ground.

This follows our announcements in September securing exclusivity over both projects, which together cover approximately 199 km² of granted gold mining rights. Gonini sits in the historic Sara Creek district, about 66 km from Newmont's Merian mine, while Greenstars is around 35 km from Zijin's Rosebel mine, a region that has reportedly produced more than 5.65 Moz of gold since 2004. Both projects are early-stage, with no Mineral Resources or Exploration Results yet defined.

Legal, title and technical due diligence is advancing on both projects alongside preparation of binding agreements with the vendors, so exploration can start as soon as the conditions precedent are met. We've also engaged structural specialists familiar with the Guiana Shield to help target field programs in this deeply weathered terrain. Importantly, completion of both acquisitions remains conditional, with most consideration deferred, and there's no guarantee those conditions will be satisfied.

We think Suriname is an under-explored but proven gold jurisdiction, and we're seeing other serious players, including Gold Fields and La Mancha, back explorers in the same belt. We're also continuing to look at further opportunities to grow our position there, though any such additions would depend on meeting our own criteria and completing due diligence.

It's early days, and these are forward-looking plans that may not proceed as currently expected. If you'd like to know more, we'd encourage you to ask us a question through the investor hub.

We've engaged GexplOre, a team of Guiana Shield structural geology specialists, to fast-track exploration targeting across our Suriname gold projects. Their work spans around 20 gold projects in the region, including structural studies at G Mining Ventures' Oko West and Founders Metals' Antino projects, two of the Guiana Shield's notable recent discoveries.

The programme runs in two stages. Stage 1 is a detailed structural interpretation of two priority target areas at Gonini. Stage 2 is a lower-resolution review of more than 6,000 km² of the surrounding greenstone belt. Using satellite elevation and spectral data, GexplOre will map the shear zones, fold hinges and rock contacts that control gold mineralisation in this heavily forested, deeply weathered terrain, and rank the ground by gold prospectivity. That ranking will guide where we focus the more expensive, boots-on-ground work that follows: mapping, sampling, LiDAR and trenching.

This sits alongside fast-tracked legal, title and technical due diligence on both the Gonini and Greenstars projects, with management site visits planned in the coming weeks. Completion of our 90% interests in both projects remains subject to conditions precedent, including Ministerial approval and signed binding agreements, and there's no certainty either acquisition will complete.

Stage 1 results are expected by mid-November 2026. We'll keep the market updated as due diligence and the structural work progress.

If you have questions about this announcement, you're welcome to ask us directly through the investor hub.

Second gold project in Suriname, and it sits close to some serious neighbours.

We've secured exclusivity to acquire a 90% interest in the Greenstars Gold Project, a granted gold mining right covering approximately 35 km² in Suriname's Para District, roughly 35 km from Zijin's Rosebel gold mine. Rosebel has produced 5.65 Moz of gold since 2004, including 306,000 oz in 2025, and Zijin bought it for US$360 million in 2023. Zijin's Saramacca satellite deposit is around 34 km away too. Small-scale miners are already working alluvial gold on the ground.

If this and our Gonini acquisition both complete, we'd hold 90% interests across roughly 199 km² of granted gold mining rights in Suriname, which we believe would make us the only ASX-listed Australian company with granted gold tenure there.

It's worth being clear-eyed about what this is and isn't. No exploration has been done by us, and there are no JORC resources or exploration results on this project. Being near a producing mine doesn't tell us what's under our ground. Completion depends on several conditions, including renewal of the mining right, sign-off from Suriname's Minister of Natural Resources, and our own due diligence. Before any of that, our commitment is capped at US$40,000, and we can walk away at any time. If completion does happen, most of the consideration is deferred over three years and paid in cash and shares.

Our plan from here is straightforward: confirm the title is sound, get our own people and samples on the ground, and let those results decide the next step.

If you've got questions about this announcement, we'd encourage you to ask them through the investor hub.

We're issuing 9,879,608 new Critical Resources shares under our 15% placement capacity, without needing shareholder approval. This is a companion piece to our announcement of 28 September 2026 about acquiring a 90% interest in the Greenstars Project.

Of this total, 2,500,000 shares are being issued as completion consideration for that acquisition, valued at 0.008000 per share. The remaining 7,379,608 shares cover introducer fees related to the Greenstars deal, calculated at 5% of consideration and priced using RBA exchange rates and the 10-day volume weighted average price at the time of issue, at the consultant's election.

Both tranches will rank equally with our existing ordinary shares from their issue date. No cash is changing hands for these shares, they're being issued directly as consideration and fees tied to growing our project portfolio. The proposed issue date is 30 November 2029.

There's no lead manager, no underwriting, and none of the shares will be restricted or subject to voluntary escrow. For the full detail on the Greenstars Project itself, including what it means strategically, our 28 September 2026 announcement is the primary source, this Appendix 3B is simply the formal mechanics of how the consideration shares get issued.

If you'd like to know more about this announcement, please use the question box on this page.

We're issuing 55,585,998 new fully paid ordinary shares in Critical Resources, all connected to the Gonini Project acquisition announced on 23 September 2026.

Of these, 10,000,000 shares are completion shares, issued as part of the consideration for acquiring a 90% interest in the Gonini Project. These shares will be subject to 12 months' voluntary escrow from their issue date.

The remaining 45,585,998 shares relate to introducer fees for the Gonini transaction, payable at 5% of consideration. The exact number depends on the RBA exchange rate and the 10-day volume-weighted average price at the time of issue.

Both parcels are being issued using the company's existing placement capacity under ASX Listing Rule 7.1, without needing separate shareholder approval, and both will rank equally with our existing shares from the date they're issued. The proposed issue date is 24 November 2031.

For shareholders, this means our ownership in Gonini is being funded through shares rather than cash, which affects the number of shares on issue but preserves our cash position. As with any new share issue, existing holders will see a change in the proportion of the company they own.

The full detail behind this transaction sits in our announcement of 23 September 2026, which this filing relates to.

If you have questions about this announcement, we'd encourage you to send them through the question box on this page.

Date	Headline
9 Nov 2026 8:17 AM	Guiana Shield Geologist Appointed to Lead Suriname Program
6 Nov 2026 8:22 AM	First Fieldwork Commences at Vermillion Bay Lithium Project
30 Oct 2026 8:08 AM	Quarterly Activities/Appendix 5B Cash Flow Report
20 Oct 2026 8:16 AM	CRR Secures Exclusivity over Third Suriname Gold Project
20 Oct 2026 8:16 AM	Proposed issue of securities - CRR
12 Oct 2026 9:43 AM	Suriname Gold, Management On Site, Due Diligence Advancing
5 Oct 2026 8:20 AM	Guiana Shield Structural Experts Engaged for Suriname Gold
28 Sep 2026 8:23 AM	Critical Resources Secures Exclusivity over Second Suriname
28 Sep 2026 8:23 AM	Proposed issue of securities - CRR
23 Sep 2026 9:27 AM	Proposed issue of securities - CRR