Critical Resources Limited announced further exceptional spodumene-bearing pegmatite intercepts from recent drilling at Mavis Lake. Additionally, the results identify a new mineralised zone located ~300m south of the Main Zone at Company's 100% owned Mavis Lake Lithium Project in Ontario, Canada. The Company recommenced drilling in early January 2023 with two drill rigs focusing on different areas at Mavis Lake.

The recent results extend the known mineralisation of the Main Zone down dip, and confirms that mineralisation remains open at depth. The results also confirms a new mineralisation area to the south of the Main Zone. The successful drilling of the South Zone highlights the continued potential for scale and growth at Mavs Lake with multiple, mapped, spodumene-bearing outcrops yet to be drill tested.

All drill results will be incorporated in a Maiden Mineral Resources Estimate which is currently being developed. The Company continues drilling at Mavis Lake and has also commenced baseline technical and environmental studies and assessments to support the preparation of a Scoping Study for the Mavis Lake Project. The Company is awaiting assays from samples collected from over 50 individual drill holes (including samples generated from drilling in late 2022).