Critical Mineral Resources (CMR), a UK-headquartered mining company, announced on Thursday the commencement of initial exploration operations at the Igli Project, located in Morocco’s Taroudant Province.
This marks a significant step forward following initial reconnaissance visits conducted earlier this year in January and July, according to a press release issued by the company.
Phase one of the program will focus on detailed geological mapping and identifying deposits of silver, copper, and other valuable minerals.
CMR hopes these operations will lead to the discovery of additional base and precious metals in the surrounding areas.
CMR’s CEO, Charlie Long, expressed his excitement about the launch of operations at the Igli Project. He highlighted the project’s high potential, noting that samples collected during the January and July visits “returned very high-grade silver and promising copper assays.”
Long emphasized that Igli’s proximity to two significant mines offers additional encouragement for the venture. “The recent funding will allow us to systematically explore the property, building a high-quality, valuable database that will, more importantly, generate drilling targets,” Long added.
In recent months, CMR has been actively expanding its operations in Morocco. In March, the company announced raising £250,000 ($319,300) to further develop its initiatives in the region.
CMR’s focus in Morocco includes developing various commodity projects, such as cobalt, a mineral in high demand for electric vehicle battery production.
As part of its strategic focus, CMR is also exploring advancements in battery chemistries and broader electrification technologies.
In October 2023, the company, through its subsidiary Atlantic Research Minerals, reached a heads-of-terms agreement with S.A Strategy SARL to acquire an interest in the Zagora cobalt project in Morocco.