New Zealand Gold-Antimony Projects Presentation
Released
Released
Announcement PDF
New Zealand Gold-Antimony Projects
ASX:CRR
Investor Presentation
August 2025
1
Important Notices and Disclaimer
Summary Information This document contains a summary of information about Critical Resources Limited
(“Critical Resources” or “the Company”) and its activities that is current as at the date of this document unless
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Financial data. All amounts are in Australian Dollars (AUD) unless otherwise indicated. A number of figures,
amounts, percentages, estimates, calculations of values and fractions in this presentation are subject to the
effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in this
presentation.
JORC Code. It is a requirement of the ASX Listing Rules that the reporting of exploration results, ore reserves and
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Refer to the Company’s ASX Announcements for JORC Table 1 and Table 2 for results and information contained
in this presentation.
ASX:CRR
2
Overview of Critical Resources
ASX:CRR
Targeting the next High-Grade Critical Metals Discovery.
-
Multi-commodity exposure - gold, antimony and lithium.
-
Portfolio of projects in Tier-1 jurisdictions: Australia, Canada, New
Zealand.
-
Low-cost gold-antimony portfolio with significant potential centred in
the underexplored Otago Region - New Zealand.
-
Proven leadership in mineral exploration and development with
disciplined capital allocation.
-
Shareholder-aligned directors and management hold ~10.4% of CRR.
-
Advanced drill-ready gold and antimony projects.
-
Mavis Lake - Strategically important North American lithium resource
being advanced for market improvements.
-
Capital Structure
$0.005
$14M
Current Share Price
Market Cap
$0
$1.82M
As of 1 August 2025
Debt
Cash Position
as of 30th June 2025.
2.7B
~46%
Shares on Issue
Top 20 Holders
Building exploration momentum to deliver consistent news flow.
3
The New Zealand Opportunity
Diverse gold-atimony portfolio to create momentum
•
Outstanding exploration potential. Low-cost creation of a large-scale
gold-antimony portfolio.
•
Significant scale opportunity: OceanaGold’s +10 Moz Macraes
Operation1. ‘Power of distribution law’ indicates the potential of
multiple +1 Moz deposits yet to be discovered within the Otago region.
•
Breakthrough discovery at Santana Minerals Rise & Shine gold deposit
has renewed the exploration strategy.
•
Drill-ready Cap Burn project situated in a prime structural location.
•
In-Country Support - New Zealand-based geological group, with links
to the discovery and resource growth of the Rise and Shine deposit.
•
Extensive landholding: 1,463 km² package covers the underexplored
gold-antimony belts of Otago and Reefton. Low-holding costs.
•
Tier-1 jurisdiction: Ranked 12th in the 2025 Fraser Institute Investment
Attractiveness Index. New Zealand’s Fast-Track Bill expedites
permitting processes, supported by strong infrastructure and
community engagement.
1. Based on OceanaGold Corporation - NI 43-101 Technical Report, Macraes Gold Mine, Otago, New Zealand - March 28, 2024
ASX:CRR
4
Summary of New Zealand Projects
Diverse gold-atimony portfolio to create momentum
-
Advanced, drill-ready gold project ~11 km from OceanaGold’s Macraes Mine.
-
Confirmed gold mineralisation coincident with a large arsenic-in-soil anomaly.
Otago Region
-
Structurally analogous to Santana Minerals Rise and Shine discoveries but
untested at depth.
Silver Peaks
-
Large-scale prospect near Macraes, containing historic Au-Sb lodes and
mesothermal-style structures.
Otago Region
-
Underexplored ground with district-scale potential.
Lammerlaw
-
Positioned along a major structural boundary (Caples–Torlesse terranes).
-
Analogous geological setting to Macraes gold system with mapped gold,
antimony, and scheelite-bearing shears.
Tokomairiro
-
Historical goldfield with recent high-grade rock chip samples up to 135 g/t Au.
-
Multiple underexplored reef systems along a broader mineralised trend.
Cap Burn
Otago Region
Otago Region
Croesus
Cap Burn
Lammerlaw
Sliver Peaks
Tokomairiro
Croesus
Reefton Goldfields
-
Located near the Reefton Goldfield, with high-grade gold-antimony veins and
tungsten-rich greisen systems.
-
Multiple untested structural targets across a 5 km mineralised corridor.
ASX:CRR
5
Cap Burn – Drill Ready
On strike from +10Moz Macraes Operations
-
Located on a major NW–SE shear corridor. ~11 km from
Macraes +10 Moz Au Operations.
-
Underexplored - Legacy drilling targeted a large
arsenic-in-soil anomaly, validating an orogenic gold
system.
-
New structural model leverages Santana Minerals’ Rise
and Shine discovery.
-
Cap Burn drill tested in Dec-20 (5 months before Rise
and Shine discovery, Apr-21)1.
-
Excellent infrastructure. Fully permitted and drill-ready.
Supportive landowner.
-
Multiple drill targets along strike. The initial phased drill
program is expected to commence following
exploration permit transfer.
1. ASX:CRR announcement 6 August 2025
ASX:CRR
6
Cap Burn – Rise & Shine Analogue
New structural model leverages Santana Minerals’ Rise and Shine discovery
Cap Burn Project
2020 drilling
Breakthrough factors.
Santana Minerals’ Rise and Shine discovery came from a renewed structural
model, stepping down plunge from surface arsenic-in-soil anomalies and
low-grade mineralisation.
Persistence Pays.
Rise and Shine was discovered (MDD007) in the third exploration phase2.
Committed to drilling through barren cover (TZ3 unit).
Untapped Potential.
Macraes +10 Moz endowment suggests multiple +1 Moz deposits; only Rise
and Shine has been discovered. ‘Power of distribution law’
Shareholder Opportunity.
Leveraging learnings from Rise and Shine discovery, testing new geological
models through systematic exploration.
2. Santana Minerals Limited (ASX: SMI) Announcement 28 April 2021
TZ3 SCHIST UNIT
TZ4 SCHIST UNIT
Cap Burn Project cross-section(top) – conceptual down-plunge target at Cap Burn with comparison to Santana Minerals
Rise and Shine cross-section (bottom)(Santana Minerals (ASX:SMI) August 2023 investor presentation. slide 9)(note: cross
sections are not to the same scale)
ASX:CRR
7
Cap Burn – Drill Ready
Leveraging Santana Minerals’ Rise and Shine discovery
-
Initial drill target sits on the northern side of the Cap
Burn Fault.
-
Cap Burn in the same structural corridor as Macraes
shear zone & Bendigo-Ophir’s Rise and Shine shear
zone.
-
Cap Burn Fault marks the boundary between the TZ3
and TZ4 schist units.
-
TZ3 / TZ4 boundary considered the mineralising conduit
for Macraes and Bendigo-Ophir gold systems.
-
Revised model mirrors Rise & Shine shear system,
targeting low-angle shoots plunging from surface
arsenic halos.
Looking West
Untested down plunge = significant discovery potential.
Looking West
ASX:CRR
8
OTAGO OPPORTUNITY
Large land holding in under-explored region
Silver Peaks - 499 km²
-
Immediately south of the Hyde–Macraes Shear Zone. Significant portions
remain untested by modern exploration.
-
Hosts the strike extension of historic Mt Stoker and Lamb Hill Au–Sb lodes,
with mapped fault zones, brecciated shears, and quartz veining.
Lammerlaw - 493 km²
-
Located along the southern limb of a regional-scale antiform within the
Otago Schist Belt, analogous to the Macraes gold system found on the
northern limb.
-
Historical workings and mapped shear zones include antimony and
scheelite occurrences. Limited modern exploration offers an opportunity
for discovery.
Tokomairiro - 276 km²
-
Historical Production ~25,000 oz Au from high-grade quartz reefs between
1874–1909.
-
Recent fieldwork identified several high-grade quartz veins, with rock chips
returning up to 135 g/t Au1.
-
The Tokomairiro area remains underexplored, with multiple reef systems
and a broader mineralised trend that could support future drill targeting.
1. ASX:CRR announcement 6 August 2025
ASX:CRR
9
CROESUS – Reefton Region
High Impact Exploration Target
-
Multiple priority gold-antimony targets + high
grade Tungsten target.
-
Located in the Paparoa Goldfields.
-
Stibnite reported in quartz lodes at several localities
in the Croesus Knob Reefs.
-
Modern mining resurgence in Reefton with
Federation Mining Snowy River operations, Rua
Gold (TSX-V: RUA) and Siren Gold (ASX:SNG).
-
Proven potential with several historic gold and
antimony mines within the permit area:
-
1. ASX:CRR announcement 6 August 2025
Croesus Reef / Taffy
Roaring Meg / Garden Gully
-
High-grade confirmed with rock chip samples up
to 28.9 g/t Au and 33.8 % W1.
-
Long history of mining with established
infrastructure and strong community support.
ASX:CRR
10
Halls Peak Project
Gold - Antimony - Base metals
NSW - AUSTRALIA
ASX:CRR
Mayview – Au/Sb
Emerging target - Potential Hillgrove-style orogenic antimony-gold system
-
Located adjacent to Larvotto Resources Limited (ASX:LRV)
Hillgrove antimony-gold operations.
-
Depressed antimony markets and extended ownership have
resulted in a lack of modern exploration activity in the area.
-
Numerous historical antimony workings, defining a structural
corridor and an immediate exploration target.
-
High-grade rock samples from old antimony workings
demonstrate fertile corridor 1:
-
52.3% Sb (MVS17)
38.3% Sb (MVS8)
31.8% Sb (MVS14)
15.35% Sb, 2.71 g/t Au (MVS11)
12.45% Sb, 2.18 g/t Au (MVS18)
-
Close to infrastructure and an established mining-friendly
community.
-
Applications for soil mapping and a maiden drill program are
advancing, with active discussions for land access agreement.
1. ASX:CRR announcement 16 December 2024
ASX:CRR
12
Amoco – Au/Sb
High-grade orogenic gold-antimony system potential
-
Scale potential. ~1 km mineralisation corridor
-
High grade surface rock samples - 17.9 g/t Au, 0.7 % Sb
and 53.2 g/t Ag1.
-
~19 km SE of Larvotto Resources Limited (ASX:LRV)
Hillgrove antimony-gold operations and ~14 km E of
Koonenberry Gold (ASX:KNB) Enmore.
-
Orogenic Au/Sb system potential – Petrographic review
identified structurally controlled quartz–sulphide veining2.
-
Airborne mag identified multiple untested fault corridors.
-
Maiden drill permitting lodged with NSW Resources
Regulator. Approvals expected shortly.
-
Drill targets being defined. Soil-geochemistry program
completed – awaiting assay results.
1 ASX:CRR announcement 4 June 2025
2 ASX:CRR announcement 2 July 2025
ASX:CRR
13
Why Antimony Matters.
Growing Demand vs Concentrated Supply from China and Russia
-
Antimony is critical for the military, manufacturing and renewable energy sectors.
-
Essential for the energy transition - Expanding applications in batteries and solar
panels have intensified demand pressures.
-
Primarily used as an alloy hardener, flame-retardant agent and a critical
component for solar panel glass efficiency and stability.
-
Photovoltaics sector to become to largest user of antimony.
-
Antimony is recognised as a top critical raw material/mineral in the EU, US, UK,
India, South Korea, Japan and Australia.
Supply constraints - driving a significant rise in pricing.
-
Fragmented market - 83% of antimony production - China, Russia and Tajikistan.
-
Recent China export controls and mine closures have tightened global supply.
-
Lack of alternative supply sources. The U.S. and Europe rely heavily on imports,
with no major domestic production.
-
Mining operations outside China fail to meet the growing demand.
-
Potential for ongoing supply shortages for many years.
Rock sample from Mayview Prospect - 27.5 % Sb (MVS16)
ASX:CRR announcement - 16 December 2024
ASX:CRR
14
Mavis Lake Project
Lithium
ONTARIO - CANADA
ASX:CRR
Mavis Lake - Lithium
Strategically important North American lithium resource
-
Growing 8Mt @ 1.07% Li2O1 lithium resource with substantial
expansion potential - Ontario, Canada.
-
Strategically located to support the North American battery
manufacturers.
-
World Class Infrastructure – excellent access to multiple transport
corridors and Hydro/gas power utility networks.
-
Extensive land holding with numerous drill-ready targets identified –
Tot, Gullwing and Corona Prospects
-
1st phase metallurgical test work highlighted recoveries up to 87%2,
with significant potential to improve process flowsheet.
-
Studies paused. Continuing low-cost value-adding work-streams in
preparation for when markets improve.
-
North American regional battery/EV production investment exceeds
$47 billion.
-
Canada’s Government has prioritised initiatives to strengthen its
critical mineral supply chains and provide a supportive policy
environment, such as Ontario’s ‘fast-track’ bill aimed at streamlining
the approval process for mining and infrastructure projects.
Mavis Lake main Zone Long Section3
Mavis Lake Project location and transport routes
1.
2.
3.
ASX:CRR announcement - Maiden Mineral Resource at Mavis Lake - 5 May 2023
ASX:CRR announcement - Excellent Results from Metallurgical Test Work - 3 April 2023
ASX:CRR announcement - Corporate Presentation 2024 – 8 May 2024
ASX:CRR
16
Next Steps
Proposed Operations and anticipated timelines
Cap Burn Gold Project
-
Completion of acquisition and permit transfer - Sept 25.
-
Initial RC drill program targeted to commence – Oct/Nov 25.
Anticipated Timelines
Cap Burn drill
program
commences
Silver Peaks, Lammerlaw, Tokomairiro and Croesus
-
Field work to commence after grant of prospecting permits (PP),
expected over a period Oct-Dec 2025.
Halls Peak – Gold-Antimony Project
-
Amoco - maiden drill RC program - September 2025.
-
Mayview – Land Access Agreement – ongoing.
Mavis Lake - Lithium
-
Cap Burn
Acquisition
completed
Detailed regional exploration planning underway with priority
targets.
Cap Burn initial
drill results
Prospecting
Permits
granted
Regular news flow from the
Regional NZ exploration work
Aug
2025
Sept
2025
Oct
2025
Nov
2025
Dec
2025
Amoco
soil results
Amoco maiden
RC drill program
Amoco maiden
drill results
Amoco potential
follow-up drill
program
Environment and studies continuing.
The above timeframes are indicative only and subject to change without notice (subject to the Corporations Act 2001 (Cth), New Zealand Crown Minerals Act 1991 (CMA)
and ASX Listing Rules).
ASX:CRR
17
CRR – Value proposition
Multiple opportunities for potential re-rating
Key drivers.
-
Exceptional pipeline of gold-antimony and lithium projects.
-
Multiple drill targets - High discovery potential.
-
Low-cost creation of a strategic New Zealand portfolio.
-
Large low-holding cost tenement portfolio in underexplored Tier-1 geology and jurisdictions.
-
Advancing strategic lithium resources with cost-effective workstreams to add long-term
value.
-
Exposure to the dynamic gold and antimony markets and critical minerals project funding
opportunities.
-
Shareholder-focused - Proven management team. Directors and management own 10.4%
of CRR.
-
Building exploration momentum to deliver consistent news flow.
ASX:CRR
18
www.criticalresources.com.au
Mineral Resource Statement
COMPLIANCE STATEMENT
This document contains information relating to the Mineral Resource estimate for the Mavis Lake Lithium Project, extracted from the Company’s ASX announcement dated 5 May 2023. The Company confirms that it is not aware of any new
information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continue to apply. The Mavis Lake MRE
includes all applicable drilling results up to and including 29 March 2023. The Mavis Lake MRE has been reported at a cut-off grade of 0.3% Li2O and an open-pit mining scenario. A Bulk Density of 2.8 has been used for mineralised pegmatite.
Estimation has been completed using inverse distance weighting. Resource classification is according to the JORC Code Mineral Resource categories.
This document contains information relating to the Mineral Resource estimate for the Halls Peak Project, which is extracted from the Company’s ASX announcement dated 30 June 2023. The Company confirms that it is not aware of any new
information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continue to apply. The Halls Peak MRE has
been reported at a cut-off grade of 2% zinc and an open-pit mining scenario. This yields a total metal value that is potentially economically viable for open-pit mining. The MRE incorporates the reasonable prospects for eventual economic extraction
assumed for open-pit mining. Resource classification is according to the JORC Code Mineral Resource categories.
This document contains information on the Cap Burn, Silver Peaks, Lammerlaw, Tokomairiro, and Croesus Projects extracted from ASX market announcement dated 6 August 2025 reported in accordance with the 2012 JORC Code and available for
viewing at www.criticalresources.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in any original ASX market announcement.
This document contains information on the Halls Peak Project extracted from ASX market announcements dated 22 November 2021, 30 June 2023, 28 August 2024, 12 September 2024 and 3 October 2024, 8 November 2024, 19 November 2024 4
December 2024, 16 December 2024, 12 February 2025 and 20 March 2025 reported in accordance with the 2012 JORC Code and available for viewing at www.criticalresources.com.au. The Company confirms that it is not aware of any new
information or data that materially affects the information included in any original ASX market announcement.
This document contains information on the Mavis Lake Project extracted from ASX market announcements dated 25 October 2021, 16 June 2022, 21 July 2022, 13 September 2022, 25 October 2022, 31 October 2022, 20 December 2022, 23 January
2023, 9 February 2023, 27 March 2023, 3 April 2023, 16 June 2023, 27 June 2023, 17 July 2023, 24 July 2023, 21 August 2023, 13 September 2023, 19 September 2023, 19 October 2023, 24 October 2023, 2 November 2023, 15 November 2023, 13 February
2024, 18 March 2024, 17 April 2024, 2 May 2024, 22 May 2024, 29 May 2024, 2 July 2024, 8 July 2024, 24 July 2024, 22 August 2024, 28 October 2024, 30 October 2024, 2 December 2024 and 27 June 2025 reported in accordance with the 2012 JORC
Code and available for viewing at www.criticalresources.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in any original ASX market announcement.
All announcements are available for viewing at the Company’s website www.criticalresources.com.au.
Mavis Lake Lithium Project - Mineral Resource Estimate
Mavis Lake -Lithium Project
JORC Classification
Inferred
Total*
Li2O Cut-Off grade (%)
Tonnage (Mt)
Li2O (%)
0.3
8.0
8.0
1.07
1.07
*Reported at a cut-off grade of 0.30% Li2O for an open pit mining scenario. Estimation for the model is by inverse distance weighting. Classification is according to JORC Code Mineral Resource categories. Refer to ASX:CRR announcement 5
May 2023.
Halls Peak – Gibson Base Metals Project - Mineral Resource Estimate
Halls Peak Project
JORC Classification
Indicated
Inferred
Total*
Zn Cut-Off grade (%)
Tonnage (Mt)
Zn (%)
Pb (%)
Cu (%)
Ag ppm (g/t)
Au ppm (g/t)
2.0
-
0.84
0.84
3.7
3.7
1.5
1.5
0.44
0.44
30
30
0.1
0.1
*Reported at a cut-off grade of 2% Zn for an open pit mining scenario. Estimation for the model is from the generation of a rotated block model, with blocks dipping 55>330o. Classification is according to JORC Code Mineral
Resource categories. Refer to the ASX:CRR announcement 30 June 2023.
ASX:CRR
20
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