Suriname Gold, Management On Site, Due Diligence Advancing
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
12 October 2026
Critical Resources Limited – www.criticalresources.com.au
Level 45, 108 St Georges Terrace, Perth WA 6000
P: +61 (8) 9465 1024 E: info@criticalresources.com.au
ASX:CRR
SURINAME GOLD PROJECTS: DUE DILIGENCE ADVANCING TO
FAST-TRACK EXPLORATION PROGRAMS
Due diligence fast-tracked across both the Gonini and Greenstars Gold Projects to allow immediate
execution of the exploration strategy upon satisfaction of the conditions precedent, with management
commencing site visits and in-country meetings with key officials.
- Management in Suriname. Management is in Suriname visiting the Gonini and Greenstars Gold
Projects, progressing legal, title and technical due diligence with the vendors, in-country counsel and
advisers, meeting local communities and key officials, and planning the first field programs.
- ~199 km² of granted gold mining rights. Gonini lies in the historic Sara Creek district, where gold has
been mined for 150 years, approximately 66 km from Newmont’s Merian mine. Greenstars lies
approximately 35 km west of Zijin’s Rosebel mine, which has reportedly produced more than 5.65
Moz of gold since 20041,2,6.
- Field crew mobilising. The Company is finalising its exploration programs and assembling a field crew
to undertake verification sampling at Greenstars and first-pass sampling at Gonini1,2.
- Due diligence advancing. Legal, title and technical due diligence is advancing at Gonini (~164 km²)
and Greenstars (~35 km²), alongside the preparation of binding agreements with both vendors, to
allow exploration programs to start as soon as the conditions precedent are satisfied1,2.
- Structural targeting under way. Guiana Shield structural specialists have been engaged to provide
structural interpretation that will focus field programs. Suriname's orogenic gold is concentrated
along shear zones, fold hinges and greenstone contacts. Mapping these controls is fundamental to
effective exploration in deeply weathered terrain, where outcrop is scarce3,9.
- Actively growing the land position. CRR continues to actively assess further opportunities across
Suriname to expand the ~199 km² of granted gold mining rights, subject to completion of the
acquisitions1,2.
- A proven gold jurisdiction. Suriname hosts Zijin’s Rosebel and Newmont’s Merian mines, with more
than two decades of continuous large-scale gold production. Gold accounted for ~79% of
Suriname’s exports (~US$2.0 billion) in 20246,8.
- Global gold capital is moving into Suriname. Gold Fields completed a C$77 million investment in
Founders Metals in September 2026 to hold ~19.9%, and La Mancha holds 19.9% of both Miata Metals
and Greenheart Gold – all Canadian-listed explorers in the same Suriname greenstone belt4,5,7.
- Rare ASX exposure to a highly under-explored greenstone belt. The Guiana Shield shares its gold-
bearing geology with West Africa’s Birimian greenstone belts, but has seen materially less systematic
modern exploration4,9.
Critical Resources Limited (ASX: CRR) (Critical Resources or the Company) is pleased to provide an update
on its Suriname gold projects interests, following the announcement of the Gonini Gold Project (Gonini) on 23
September 2026 and the Greenstars Gold Project (Greenstars) on 28 September 20261,2.
Critical Resources Limited – www.criticalresources.com.au
Level 45, 108 St Georges Terrace, Perth WA 6000
P: +61 (8) 9465 1024 E: info@criticalresources.com.au
ASX:CRR
The Company’s objective in Suriname is to build a portfolio of granted gold projects in one of South America’s
most active gold exploration jurisdictions, and to move quickly from securing title to systematic exploration
on the ground. Both projects are at an early stage. The coming weeks will be an important period, with
management on site and establishing an in-country presence to begin first-pass sampling.
Figure 1 – Location of the Gonini and Greenstars Gold Projects and other gold occurrences within Suriname
and the greenstone belt.
Critical Resources Managing Director, Tim Wither, commented: ‘Suriname is a relatively unknown but
proven gold jurisdiction, and is attracting serious capital from some of the world’s leading gold investors.
In a matter of weeks, we have secured exclusivity over two granted gold projects, and we are now on the
ground. Our meetings with our vendors, partners and service providers give us great confidence that we
can build a strong in-country team to rapidly advance systematic exploration across Gonini and
Greenstars, and across other projects we may be able to bring into our Suriname portfolio.
‘Our partners have been very supportive, giving us introductions to key personnel, legal counsel, business
administrators and bankers, and access to logistics and exploration teams. Our vendors are valuable
partners who are equally invested in the success of our projects and in building an experienced in-country
team of technical and exploration personnel.
‘This visit lets us meet our vendors and local communities first-hand, and set up the field programs, with a
crew being organised to mobilise in the coming weeks, subject to finalisation. We continue to fast-track
the due diligence on Gonini and Greenstars so that we can get boots on the ground as soon as
practicable, and being here in Suriname with our vendors, counsel and advisers is the most direct way to
Critical Resources Limited – www.criticalresources.com.au
Level 45, 108 St Georges Terrace, Perth WA 6000
P: +61 (8) 9465 1024 E: info@criticalresources.com.au
ASX:CRR
do that. It is early days, but we are very excited to be starting exploration in Suriname. We are also actively
looking at further opportunities to grow our position in the country – the Gonini and Greenstars projects
provide a solid foundation on which to build.’
SURINAME
A proven producing jurisdiction. Rosebel (Zijin, in production since 2004) and Merian (Newmont, in production
since 2016) have underpinned more than two decades of large-scale gold mining in Suriname. Rosebel
reportedly produced 5.65 Moz of gold between 2004 and 2021 and 306,535 oz in 2025, and was acquired by
Zijin for US$360 million in 2023.
Global gold capital is moving into Suriname. Gold Fields completed a C$77 million investment in Founders
Metals in September 2026, lifting its stake to approximately 19.9%. La Mancha holds 19.9% of Miata Metals,
following a C$25.2 million financing in August 2026, and 19.9% of Greenheart Gold4,5,7. These transactions show
growing investor interest in Suriname’s gold exploration sector, without implying a comparable outcome for
CRR.
The South American counterpart to West Africa’s Birimian. The Guiana Shield and the West African Birimian
Shield are interpreted to have been joined before the Atlantic opened and share comparable gold-bearing
geology. The Birimian hosts an estimated 500+ Moz of discovered gold and the Guiana Shield around 100
Moz, reflecting materially less systematic modern exploration4,9.
An ASX first mover. Based on the Company’s review, no other ASX-listed Australian company holds rights to
granted gold tenure in Suriname, giving Australian investors rare listed exposure to the region2.
Suriname gold sector overview: major producers and listed explorers
Company Listing Suriname projects Status (October 2026)
Newmont NYSE: NEM
Merian (75% Newmont / 25%
Staatsolie)
Producing since 20168
Zijin Mining SSE: 601899 Rosebel Producing since 2004; 306,535 oz in 20256
Founders Metals TSXV: FDR Antino Exploration and drilling; Gold Fields ~19.9%4
Miata Metals TSXV: MMET Sela Creek, Nassau Exploration and drilling; La Mancha 19.9%5
Greenheart Gold TSXV: GHRT Majorodam, Igab, Tosso Creek
Exploration; drilling at Tosso Creek; La Mancha
19.9%7
Critical Resources ASX: CRR Gonini, Greenstars
Due diligence; ~199 km² of granted exploitation
rights, subject to completion1,2
Table 1 – Selected producers and explorers active in the Suriname greenstone belt (refer Sources). Third-party information
has not been independently verified by Critical Resources and is provided for regional and jurisdictional context only.
Results from other projects are not indicative of mineralisation at Gonini or Greenstars.
TWO COMPLEMENTARY GRANTED GOLD PROJECTS
Gonini Gold Project (~164 km²). Two granted exploitation rights in the historic Sara Creek district, where gold
was discovered in 1876, within the Marowijne greenstone belt, approximately 66 km from Newmont’s Merian
mine. Generations of small-scale miners have worked the district, but there is no record of modern systematic
exploration on the Gonini rights1,9.
Greenstars Gold Project (~35 km²). A single granted exploitation right in the Para District, road-accessible from
Paramaribo and approximately 35 km west of Zijin’s Rosebel gold mine, with active small-scale alluvial
workings in the project area2. Both acquisitions are staged, with most of the consideration deferred and
conditional on completion. The key commercial terms are summarised in the Company’s announcements of
23 and 28 September 20261,2.
Critical Resources Limited – www.criticalresources.com.au
Level 45, 108 St Georges Terrace, Perth WA 6000
P: +61 (8) 9465 1024 E: info@criticalresources.com.au
ASX:CRR
Figure 2 – Gonini Project northern and southern tenure, Greenheart Gold (TSXV: GHRT) Tosso Creek project (refer to GHRT
announcement dated 20 August 2026) and nearby transport access.
Figure 3 – Location of the Greenstars Gold Project relative to Zijin’s Rosebel and Saramacca operations2, road access
and alluvial workings.
Critical Resources Limited – www.criticalresources.com.au
Level 45, 108 St Georges Terrace, Perth WA 6000
P: +61 (8) 9465 1024 E: info@criticalresources.com.au
ASX:CRR
Figure 4 – Location of the Company’s Suriname projects on a geological map of the West African Birimian greenstone
belts and the correlative greenstone belts of the Guiana Shield, showing the locations of major deposits and projects1.
DUE DILIGENCE FAST-TRACKED
Critical Resources management is currently in Suriname, commencing site visits, in-country meetings with key
officials and preparations for the first field programs. The planned activities include:
- Gonini site inspection. Inspection of both exploitation rights in the historic Sara Creek district, including the
existing artisanal workings, access and camp infrastructure.
- Greenstars site inspection. Inspection of the right and its road access from Paramaribo, the small-scale
alluvial workings and the two areas identified by the Vendor as prospective, ahead of verification
sampling during due diligence.
- Field crew and logistics. Planning field logistics, site access and camp arrangements for the field crew
being organised to mobilise in the coming weeks.
- Stakeholders and set-up. Meeting with the vendors, local communities, relevant government agencies
and the Company’s in-country advisers, and progressing the establishment of the Company’s Suriname
operating entity.
Once mobilised, the field crew will commence verification sampling at Greenstars and first-pass sampling at
Gonini. Subject to completion, the Company then intends to run first-pass soil and auger geochemistry across
interpreted prospective geological contacts at both projects1,2.
The Company’s strategy is to build a portfolio of gold projects in the Suriname greenstone belt that can be
explored efficiently and acquired on staged terms. Gonini and Greenstars provide the foundation for that
Critical Resources Limited – www.criticalresources.com.au
Level 45, 108 St Georges Terrace, Perth WA 6000
P: +61 (8) 9465 1024 E: info@criticalresources.com.au
ASX:CRR
portfolio. The Company continues to actively review further opportunities across Suriname to expand its
interests, and will pursue only those that meet its criteria for title, access and cost of entry. The Company will
keep the market informed in accordance with its continuous disclosure obligations.
CAUTIONARY STATEMENT – EARLY-STAGE STATUS & PROXIMITY STATEMENT
This announcement contains references to deposits, exploration and transactions by other parties on properties near the
Gonini and Greenstars Gold Projects. Such references do not in any way guarantee that the Company will have any
success in delineating a JORC-compliant Mineral Resource at either project, if at all. Both projects are early-stage
exploration projects. No Mineral Resources or Ore Reserves have been estimated for either project, and no Exploration
Results are reported. Completion of each acquisition is subject to conditions precedent that may not be satisfied.
This announcement has been approved for release by the Board of Directors of Critical Resources.
For further information, please contact us directly at:
E: info@criticalresources.com.au
P: +61 (8) 9465 1024
ABOUT CRITICAL RESOURCES LIMITED
Critical Resources Limited (ASX: CRR) is an Australian mining and technology company focused on the
discovery and development of critical minerals and next-generation technologies essential to a sustainable
future. The Company holds a diversified portfolio including the Mavis Lake Lithium Project in Ontario, Canada,
the Halls Peak Base Metals Project in New South Wales, and gold projects in New Zealand and Suriname.
PREVIOUSLY REPORTED INFORMATION
No Exploration Results, Exploration Targets, Mineral Resources or Ore Reserves are reported in this announcement. The
information in this announcement that relates to the Gonini and Greenstars Gold Projects is extracted from the Company’s
ASX announcements dated 23 September 2026 and 28 September 2026, which are available at www.asx.com.au under
the code CRR. The Company confirms that it is not aware of any new information or data that materially affects the
information included in the original announcements.
THIRD-PARTY INFORMATION AND PROXIMITY STATEMENT
References in this announcement to the Rosebel and Merian mines; to the Antino, Sela Creek, Nassau and Tosso Creek
projects; and to the corporate transactions and financings of Founders Metals, Miata Metals and Greenheart Gold are
drawn from public disclosures by the relevant companies as listed under Sources. The Company has not verified this
information, does not rely on it for any statement about the Gonini or Greenstars Gold Projects, and includes it for regional
and jurisdictional context only. Mineralisation on nearby properties is not necessarily indicative of mineralisation on the
Company’s projects. The production and reserve figures attributed to third parties were prepared by those parties under
the reporting regimes applicable to them and have not been prepared or reported by Critical Resources in accordance
with the JORC Code.
Critical Resources Interactive Investor Hub
Engage with Critical Resources directly by asking questions, watching video summaries and
seeing what other shareholders have to say about this, as well as past announcements.
For more information, visit: www.criticalresources.com.au
Critical Resources Limited – www.criticalresources.com.au
Level 45, 108 St Georges Terrace, Perth WA 6000
P: +61 (8) 9465 1024 E: info@criticalresources.com.au
ASX:CRR
FORWARD-LOOKING STATEMENTS
This announcement may contain certain forward-looking statements and projections. Statements regarding CRR’s plans
with respect to its mineral properties and programs, including the timing and scope of the site visit, field crew mobilisation
and field work, the satisfaction of conditions precedent, the execution of binding agreements, the acquisition of further
projects and the potential for the projects to host a mineral deposit, are forward-looking statements. Such forward-looking
statements/projections are estimates for discussion purposes only and should not be relied upon. Forward-looking
statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. There
can be no assurance that CRR’s plans will proceed as currently expected, that the conditions precedent will be satisfied,
that any further opportunity will be secured, that CRR will be able to identify or confirm the presence of mineral resources,
that any mineralisation will prove to be economic or that a mine will be successfully developed on any of CRR’s mineral
properties. Critical Resources Limited makes no representations and provides no warranties concerning the accuracy of
the projections and disclaims any obligation to update or revise any forward-looking statements/projections based on
new information, future events or otherwise, except to the extent required by applicable laws.
SOURCES
1. Critical Resources Limited, ASX announcement ‘CRR Secures Exclusivity over Prime Suriname Gold Project’, 23 September 2026.
2. Critical Resources Limited, ASX announcement ‘Critical Resources Secures Exclusivity over Second Suriname Project ~35 km from Zijin’s
Rosebel Gold Mine’, 28 September 2026.
3. Critical Resources Limited, ASX announcement ‘Guiana Shield Structural Experts Engaged for Suriname Gold’, 5 October 2026.
4. Founders Metals Inc.: ‘Founders Metals to Consolidate 100% Ownership of Antino Gold Project; Gold Fields Increases Strategic Stake to
19.9%’, 19 August 2026; corporate presentation, July 2026 (Guiana Shield and Birimian gold inventories).
5. Miata Metals Corp.: ‘Miata Metals Closes C$25.2 Million Financing Including 19.9% Strategic Investment by La Mancha’, 18 August
2026; corporate presentation, 1 September 2026.
6. Zijin Mining Group Co., Ltd., ‘Zijin Mining to acquire world-class producing gold mine in Suriname’, 18 October 2022; IAMGOLD
Corporation Q1 2023 report (sale of Rosebel completed 31 January 2023); Rosebel Gold Mines N.V., ‘Rosebel’s Gold 2025 Output
Increases as Contributions to Suriname Reach US$630 Million’, 23 July 2026.
7. La Mancha Investments S.à r.l. / Greenheart Gold Inc., announcement of strategic investment, April 2026; Greenheart Gold Inc.,
‘Greenheart Gold commences initial diamond drill program at the Tosso Creek Project, Suriname’, 20 August 2026.
8. Newmont Corporation, ‘Newmont begins production at Merian’, October 2016; United States Geological Survey, Minerals Yearbook –
Suriname (2024 data: gold exports ~US$2.0 billion, 79.3% of total exports).
9. Kioe-A-Sen, N.M.E., van Bergen, M.J., Wong, Th.E. and Kroonenberg, S.B. (2016), ‘Gold deposits of Suriname: geological context,
production and economic significance’, Netherlands Journal of Geosciences, 95(4), 429–445.
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