Core Insights - Critical Metals Corp has identified two new high-grade areas of rare earth materials in the Tanbreez Project, enhancing the project's upside potential significantly [2][3] - The company has secured a reliable and cost-effective power supply through collaboration with the Greenland Government, optimizing its development strategy [2][3] Project Development - The Tanbreez Project is one of the largest rare earth assets globally, located in Southern Greenland, and aims to produce up to 3.0 metric tons of rare earth materials annually [3] - The mining strategy has evolved to focus on run of the mill ore with a ZrO2 grade of 1.7-1.9%, producing a concentrate with 10% ZrO2, 2.5% REO (30% heavy REO), 1.0% Nb2O5, and 0.15% Ta2O5 and HfO2 [3] High-Grade Areas - Three high-grade areas were examined during the past field season, including: - Horizon Zero, with a thickness of 2-5m and a grade of about 5% ZrO2, previously not intended for mining [4] - Area G, featuring high-grade pegmatites with grain sizes up to 30cm, facilitating extraction [4] - EALS, a newly discovered zone with extreme grades and grain sizes reaching up to 3m [4] Strategic Positioning - Critical Metals Corp is focused on producing strategic products essential for electrification and next-generation technologies for Europe and its partners [1][5] - The Wolfsberg Lithium Project, another key asset, is positioned to become a major producer of lithium products in Europe, enhancing the company's critical metals portfolio [5]
Critical Metals Corp Evolves Development Strategy for the Tanbreez Project