Critical Resources Limited
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Critical Resources Development Progresses for Mavis Lake Lithium Project
Critical Resources Limited (ASX: CRR), a lithium exploration and project development company, has been actively advancing its 100%-owned Mavis Lake Lithium Project in Ontario, Canada. The company is committed to conducting environmental studies, obtaining permits, and engaging with the community to support the future development of the project. This comprehensive progress update highlights the significant steps taken by Critical Resources to ensure the successful development of the Mavis Lake Lithium Project.
Baseline Environmental Studies
The journey towards developing the Mavis Lake Lithium Project began in the spring of 2023 with a series of critical environmental studies. These studies aim to establish baseline conditions associated with the undeveloped claims area, referred to as the Mavis Lake Project Area. These baseline studies are an essential component of the Environmental Assessment required to facilitate future permitting for a potential mine facility at Mavis Lake.
The area of focus, known as the Mavis Lake Area of Focus (AOF), spans approximately 3km by 3km, with its center located at the current Mineral Resource Estimate.
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This strategic choice ensures that both primary and secondary impacts of any future mining activity are adequately studied and assessed.
Current Workstreams
The recent autumn/fall season saw several key workstreams being carried out as part of the baseline program:
Surface Water Quality and Hydrology: Building on previous fieldwork, this season included detailed mapping and study of intermittent and permanent creeks within the AOF. The comprehensive surface water quality and hydrology program is designed to provide a holistic understanding of water flow, levels, and quality.
Terrestrial and Wetlands: Trail cameras equipped with motion sensors were deployed throughout the Mavis Lake AOF. These cameras are set to capture wildlife movement in the area, with the data slated for download in early Q1 2024. The subsequent relocation of cameras to alternate habitats ensures a comprehensive wildlife study.
Geochemistry: An assessment of all lithographies within the geological database was conducted. Representative samples were selected and sent for laboratory testing. The results will inform environmentally conscious waste rock management strategies, ensuring safe disposal practices.
2024 Baseline Studies Program
The year 2024 is set to witness the completion of several study areas that require two years' worth of baseline data. These studies are expected to follow similar themes to those pursued in 2023:
Winter Program: Beginning in January 2024, a winter program will capture surface water quality and hydrology data, ensuring that a full four seasons of water flow measurements, levels, and quality are collected.
Archaeological Studies: Following the expected completion of Stage 1/desktop archaeology studies in late 2023, Q1 2024 will involve a review and feedback process with First Nations Communities. This will be followed by field programs to confirm points of interest or significance identified in the Stage 1 assessment.
Ecological Classification: Throughout 2024, there will be an ecological classification of vegetation communities, studies of breeding birds, and an evaluation of potentially significant wildlife habitat. These efforts will build upon the data captured during 2023.
Fisheries Monitoring: Similar efforts will be made for fisheries monitoring and baseline data capture, ensuring a comprehensive understanding of the aquatic ecosystem.
Geochemistry Assessment: The geochemistry assessment initiated in Q4 2023 will be completed in early 2024. Initial results will support mine planning and waste rock management assessments.
Hydrogeology Study: An initial hydrogeology study focused on groundwater conditions will commence in Q1 2024. These findings will inform mine planning and process water requirements.
Managing Director's Perspective
Alex Cheeseman, Managing Director of Critical Resources, emphasized the importance of these monitoring and baseline study workstreams. He noted that these activities are essential to advance the Mavis Lake Project consciously and respectfully, especially concerning the customs and traditions of the First Nations Communities. The strategic decision to advance these initiatives aims to de-risk the project schedule and ensure that subsequent mine and operational design activities incorporate these findings.
Critical Resources Limited is taking comprehensive steps to advance the Mavis Lake Lithium Project on multiple fronts, including environmental studies, permitting, and community engagement. The company's commitment to conducting thorough baseline studies and actively engaging with the community demonstrates its dedication to responsible project development. As Critical Resources progresses, it aims to ensure that the Mavis Lake Lithium Project is developed with environmental sustainability and community partnership at its core.
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