Critical Metals (CRML, Financial) has entered into a $2 million agreement with 60 Degree North Greenland for a diamond drilling initiative at the Tanbreez Project in Greenland. This program aims to expand the resource potential east of the existing Fjord Deposit, focusing on a 700m zone and 650m along the strike of the North-East to South-West kakortokite host rock. The drilling will vary in depth from 80m to 250m depending on the terrain.
Besides expanding resources, the initiative aims to refine and improve the current pit design. Critical Metals anticipates that this effort will positively impact the definitive feasibility study, projected for completion by the end of 2025. Additionally, this drilling fulfills the expenditure obligations of the project license.
