Critical Metals publishes operational update for Molulu

Highlights:

• 6500 t of oxide ore at an average grade of 3% mined to date, as measured by our geologist using a handheld XRF.
• Mining focus accelerating to the high-grade sulfide zones – high grade ore samples above 8.3% copper.
• Latest mapping and geophysics programmes re-emphasis copper and cobalt potential.
• Dewatering process of pits underway.
• Potential buyers of ore visiting Molulu, first sales to be completed once transport infrastructure is complete.
• Mobilisation for road rehabilitation and bridge building has started and is expected to be finished in by the end of May.
• ESG programmes expanding, including providing support for the growing local economy.

Russell Fryer, CEO of Critical Metals, comments:

“I am delighted to be able to provide this operational update on the ongoing activities at Molulu. Since we announced that Molulu would be commencing production in January 2023, the team on the ground has been working tirelessly to ensure the company achieves our operational goals in a timely manner. I am encouraged by the latest grade samples above 8.3%, confirming the potential high profitability of the project.

“I am particularly proud of our ESG efforts at Molulu, where we are committed to the local community. I have seen first-hand the role we are playing in supporting the local area and the economy. We have seen in recent months disappointing news about the mining industry in the DRC, this is a trend that the whole Critical Metals team is committed to challenge.

“Overall, in recent months, I have been encouraged by the results and progress that is coming out of Molulu, and I am looking forward to being able to provide the market with further positive developments in coming weeks and months.”

Read the article online at: https://www.globalminingreview.com/mining/15052023/critical-metals-publishes-operational-update-for-molulu/