Critical Mineral Resources Plc said it is accelerating drilling at its Agadir Melloul project in Morocco after completing an oversubscribed capital raise, as the company moves toward delivering its first mineral resource estimate next year, according to a company statement.
The London-listed exploration company has deployed two diamond drilling rigs at the site and plans to move to round-the-clock operations as weather conditions improve in the coming weeks, according to a company statement.
The program is expected to reach about 20 drill holes per month starting in mid-February, with results feeding into a maiden JORC-compliant resource estimate targeted for early in the third quarter of 2026.
CEO Charlie Long said recent work had slowed down due to adverse weather, but both rigs are now operating daytime shifts, with night operations to begin once conditions stabilize.
Critical Mineral Resources is building a portfolio of projects in Morocco targeting copper, silver, and other metals considered essential for electricity grids and clean-energy supply chains.
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