On July 30, 2026, Critical Mineral Resources Plc (CMR) released a comprehensive operational update highlighting significant progress at its Agadir Melloul copper project in Morocco during the second quarter of 2026. This update emphasizes the latest drill results, ongoing resource-definition drilling, and the initiation of project development studies, all of which are crucial for advancing the project towards production.
Currently, the company's drilling efforts are concentrated on infill and step-out activities at Zone 1 North. The most recent results confirm the continuation of copper mineralization in the drilled areas within Zone 1, with several noteworthy intercepts reported. Notably, the company has recorded drill results that include 6.9 meters at 0.45% Cu and 1.0 g/t Ag from surface, as well as other significant intersections that demonstrate the project's potential. Approximately 6% of the project area has been drilled so far, with an internal non-JORC resource model indicating around 25,000 tonnes of copper, reflecting a promising outlook for further exploration.
Moreover, a recently completed drill hole revealed over 10 meters of mineralization starting from 52 meters downhole, with massive sulphide copper enrichment identified at 66 meters, pending assay results. This finding is expected to enhance the understanding of the mineralization width at Agadir Melloul. Further drilling results are anticipated in August 2026, which will include updates from the newly intersected hole. Ongoing fieldwork in the southeastern permit area, located 10 kilometers southeast of Zone 1 North, has unearthed multiple high-priority drill targets, further supporting the project's broader exploration potential.
In terms of project development, a feasibility study and Environmental Impact Assessment (EIA) for a proposed processing plant commenced in July, led by Afrilab Group based in Marrakech. This development phase is crucial as it includes a site survey for the proposed plant location. Additionally, a second program of metallurgical testwork is underway, which will be followed by a pilot-plant test program aimed at finalizing the process flowsheet. To ensure optimal oversight of project development, a technical sub-committee was established, holding its inaugural meeting in Casablanca in June.
Following a brief suspension of drilling activities due to consumable shortages, drilling has resumed with a current rate of approximately 800 meters per month. The shortage primarily relates to the specific drill bit required for the Agadir Melloul rock type. The company is transitioning to a contractor-operated reverse circulation rig to enhance drilling efficiency. Furthermore, an independent resource consultancy has been engaged to facilitate the maiden Mineral Resource Estimate in accordance with the JORC code, with a planned publication in October 2026.
In summary, CMR's strategic approach is designed to convert its district-scale copper discovery into a viable Initial Mine while systematically mitigating risks for shareholders. As highlighted by CEO Charlie Long, the transition from discovery to development is well underway, with a focus on advancing metallurgical testing, environmental studies, and the forthcoming resource estimation. The company remains optimistic about the copper market's future and is committed to leveraging its assets effectively to meet the growing demand for critical minerals.
As reported by investegate.co.uk.
