High-Grade Tungsten up to 42.6% WO3 as NZ Fieldwork Commence
Latest announcements
Announcement summary
High-Grade Tungsten up to 42.6% WO3 as NZ Fieldwork Commence
Critical Resources Limited has announced the commencement of field work at the Lammerlaw and Croesus Projects in New Zealand, following permit approvals. Both projects target high-grade gold, antimony, and tungsten mineral systems in the Otago and Reefton regions. The historical data indicates the potential for high-grade tungsten and gold-antimony mineralization, with field work already underway.
The Company's New Zealand portfolio provides exposure to two of the country's most prospective regions for critical minerals, supported by government reforms. Tungsten prices have seen a significant increase, driven by supply concerns. The company successfully completed a placement, raising $1.75M.
The field work at Lammerlaw focuses on gold prospects, while work at Croesus will target tungsten mineralization. The Company plans to report initial results from the field work in May. Investors are welcome to ask any questions regarding this update and the Company's future plans.
AI-Generated Summary: This content may contain inaccuracies. Neither the Company nor InvestorHub assumes responsibility for its accuracy. Please refer to the full announcement before making any investment decision.
Ask a question
Your question will be visible to everyone.
Investor Q&As
Start the conversation
Ask Critical Resources a question about this announcement.