CRITICAL RESOURCES LIMITED — Capital/Financing Update 2025

Apr 23, 2025

24 April 2025

Capital Raising Completed

Critical minerals exploration and project development company Critical Resources Limited ASX:CRR (“Critical Resources” or “the Company”) advises that Tranche 1 of the Placement announced on 31 March 2025 has settled raising $600,000 (before costs), via the issue of 150,000,000 new fully paid ordinary shares, together with 37,500,000 attaching unlisted options (exe $0.008, exp 23/04/28).

As previously announced, the Placement is being undertaken in two tranches, with the second tranche of 125,000,000 shares, with attaching 31,250,000 options to a Director to raise $500,000 (before costs), to be issued subject to shareholder approval at the annual general meeting of shareholders to be held on 30 May 2025. Please refer to the announcement dated 31 March 2025 for further details.

Notice given under section 708a(5) of the corporations act

This notice is given by Critical Resources Limited (“CRR” or “the Company”) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (“Act”)

On 24 April 2025, the Company issued 150,000,000 fully paid ordinary shares without disclosure under Part 6D.2 of the Act.

In accordance with Section 708A(5)(e) of the Act, the Company hereby gives notice that:

• (a) the Shares were issued without disclosure to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice, the Company has complied with:

• (i) the provisions of Chapter 2M of the Act as they apply to the Company; and

• (ii) section 674 and 674A of the Act; and

• (c) as at the date of this notice, there is no information which is “excluded information” requiring disclosure for the purposes of sections 708A(7) and 708A(8) of the Act.

This announcement and notice has been approved for release by the Board of Directors.

-ends-

For further information please contact;

E: info@criticalresources.com.au

P: +61 (8) 9465 1024

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Critical Resources Limited ABN 12 145 184 667 ASX:CRR

Level 45, 108 St Georges Terrace, Perth WA 6000

P. +61 (8) 9465 1024 W. criticalresources.com.au E. info@criticalresources.com.au

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ABOUT CRITICAL RESOURCES LIMITED

Critical Resources is focused on the exploration, development and delivery of the critical metals required for a decarbonized future. The Company’s Mavis Lake Lithium Project in Ontario, Canada, where it has completed over 45,000m of drilling and defined a maiden Inferred Mineral Resource of 8Mt grading 1.07% Li2O. Recent exploration success has demonstrated substantial potential to expand this resource and make new discoveries in the surrounding area. Critical is progressing a dual-track strategy at Mavis Lake of targeting resource growth in parallel with multiple permitting and project development workstreams.

The Company’s Hall Peak Base Metals Project is located 87km south-east of Armidale New South Wales, Australia, a reginal hub in New South Wales. The Company has defined a maiden Inferred Mineral Resource of 884,000t grading 3.7% zinc, 1.5% lead, 0.4% Copper, 30ppm Silver and 0.1ppm Gold has been estimated following numerous drilling campaigns. Modelling has shown that mineralisation is still open along strike to the east/north-east and west/southwest, providing immediate potential to increase the MRE with follow-up drilling.

COMPLIANCE STATEMENT

This information in this ASX Announcement that relates to the Halls Peak Mineral Resource Estimate is extracted from ASX market announcement dated 30 June 2023 and reported in accordance with the 2012 JORC Code and available for viewing at criticalresources.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in any original announcement and that all material assumptions and technical parameters underpinning the estimates in the original market announcement continue to apply and have not materially changed.

Halls Peak Project JORC Classification	Zn Cut-Off grade (%)	Tonnage (Mt)	Zn (%)	Pb (%)	Cu (%)	Ag ppm	Au pm	SG (calc)
Inferred	2.0	0.84	3.7	1.5	0.44	30	0.1	2.80
Total*	Inferred	**0.84 **	3.7	1.5	0.44	30	**0.1 **

*Reported at a cut-off grade of 2% Zn for an open pit mining scenario. Estimation for the model is from the generation of a rotated block model, with blocks dipping 55>330[o] . Classification is according to JORC Code Mineral Resource categories. Refer to ASX announcement 30 June 2024.

This document contains information relating to the Mineral Resource estimate for the Mavis Lake Lithium Project is extracted from the Company’s ASX announcement dated 5 May 2023 and reported in accordance with the 2012 JORC Code and available for viewing at criticalresources.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the Mineral Resource estimate continue to apply and have not materially changed.

JORC Classification	Li2O Cut-Off grade (%)	Tonnage (Mt)	Li2O (%)
Inferred	0.3	8.0	1.07
Total*	Inferred	8.0	1.07

*Reported at a cut-off grade of 0.30% Li2O for an open pit mining scenario. Estimation for the model is by inverse distance weighting. Classification is according to JORC Code Mineral Resource categories. Refer to ASX announcement 5 May 2023, 8.0 Mt at 1.07% Li2O Maiden Mineral Resource at Mavis Lake.

FORWARD LOOKING STATEMENTS This announcement may contain certain forward-looking statements and projections. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. Forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved. Critical Resources Limited does not make any representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this report has been prepared in good faith, neither Critical Resources Limited or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this announcement.

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