Critical Mineral Resources - Copper Hits and Modelling Progress in Morocco

Why It Matters

If the maiden resource and feasibility work confirm current assumptions, Agade Malul could deliver a low‑capex, high‑margin copper operation attractive in a tightening copper market, with easy scalability via nearby targets. That combination would materially de‑risk project financing and speed path to production relative to deeper deposits.

Summary

Critical Mineral Resources reported continued shallow, near-surface copper‑silver mineralization at its Agade Malul project in Morocco, with drilling and block modelling delineating a continuous, minable blanket of mineralization. CEO Charlie Long said grades and thicknesses are economically attractive because the deposit is shallow (mostly <30m), which substantially cuts capital and sustaining costs versus deep underground mines. The company is preparing a maiden JORC/NI 43‑101 resource estimate for Q3 and has begun preliminary feasibility work, while flagging a prospective nearby ‘road’ property acquisition that could add thick, high‑tonnage zones. Management emphasised robust unit margins — not just grade — as the key to project economics and early profitability potential.

Original Description

Critical Mineral Resources—Copper Hits and Modelling Progress in Morocco

StockBox spoke to Charlie Long, CEO of Critical Mineral Resources, after the company released further drilling results from its Agadir Melloul copper-silver project in Morocco. Charlie discusses why shallow mineralisation could support attractive mining economics, how the company is progressing toward a maiden resource in Q3, and why upcoming drilling and acquisition opportunities could add further scale.

Key discussion topics include:

Latest drilling results from Agadir Melloul

Shallow mining economics and low-capex potential

Copper recovery, margins, and project value

Maiden resource targeted for Q3

Feasibility and permitting work already underway

Potential scale from new mineralised zones and acquisitions

Catalysts that could support a market rerate