Critical Metals Corp. reported that a re‑assay of 33 drill holes from its 2010 Hill Zone deposit at the Tanbreez heavy‑rare‑earth project yielded exceptionally high total rare‑earth oxide (TREO) grades, with the highest intercept reaching 0.94%. The re‑assay confirms the robustness of the historical 2010 drilling data and demonstrates a tight 2–5% precision range between the original and repeat assays.
"The Company is very encouraged by the results of the Hill Zone Deposit resampling program, which provides strong validation of the historical 2010 drilling dataset. The excellent repeatability and high correlation between the original and repeat assays confirm TREO grades within a tight 2‑5% precision range, underscoring the robustness of the rare earth mineralization previously reported for the Hill Zone Deposit," CEO Tony Sage said. Sage added that the re‑assay results reinforce the company’s claim of a world‑class heavy‑rare‑earth resource and support the planned 2026 drilling program aimed at upgrading the inferred resource to a measured or indicated estimate.
The Tanbreez project is described as one of the world’s largest hard‑rock heavy‑rare‑earth deposits, with an estimated resource of 4.7 billion tons. The new assay data strengthen the narrative that Tanbreez contains a world‑class resource, providing a solid foundation for future technical studies and a clearer path toward production.
The re‑assay results are a key milestone in Critical Metals’ development strategy. By confirming the high grades and consistency of the Hill Zone mineralization, the company can de‑risk its resource model, attract additional financing, and move forward with the 2026 drilling program. The data also support the company’s broader objective of establishing a rare‑earth supply chain independent of China, potentially positioning Critical Metals as a major supplier for advanced technologies.
Critical Metals has invested in a mobile assay laboratory to expedite data generation and has secured significant financing, including a PIPE financing and an EXIM Bank letter of intent. The company also owns the Wolfsberg Lithium Project in Austria and has joint‑venture partnerships in Romania and Saudi Arabia to develop a rare‑earth processing facility. These initiatives underscore the company’s commitment to advancing the Tanbreez project and expanding its portfolio of critical‑materials assets.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.