- Critical Metals Corp (CRML, Financial) embarks on a 2000-meter drilling program to boost resource estimates at Tanbreez Rare Earth Project.
- The current Mineral Resource Estimate (MRE) stands at 22.56 million tonnes, with substantial expansion potential.
- Commercial production is anticipated to begin in 2026, with the Bankable Feasibility Study set for completion by Q4 2025.
Critical Metals Corp (CRML) has initiated a comprehensive 2000-meter resource diamond drilling program at its Tanbreez Rare Earth Project in Greenland. This strategic endeavor is set to significantly expand the existing Mineral Resource Estimate (MRE) for the Fjord Eudialyte Deposit, which currently totals 22.56 million tonnes, comprising 8.76 million tonnes indicated and 13.8 million tonnes inferred.
The first drill hole, K25-01, has reached a depth of approximately 60 meters. Notably, the core samples from this hole exhibit medium-grained eudialyte with a composition of 30-40%, a critical mineral source for rare earth elements. The drilling initiative aims to explore a 700-meter extension to the east of the existing Fjord Deposit and 650 meters along the strike of the kakortokite host rock, with target depths between 80 meters and 250 meters.
This drilling program marks a crucial step toward the completion of the Bankable Feasibility Study (BFS) by Q4 2025, with commercial production scheduled for 2026. The company's efforts to enhance its resource base align with Western demand for rare earth materials, positioning Tanbreez as a vital strategic source. Potential financing support from the Export-Import Bank of the United States (EXIM Bank) also underscores the project's significance in the geopolitical landscape of critical mineral supply chains.
