Pomme REE-Nb Drilling to Recommence
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
14th July, 2023
ASX: MTM
POMME REE-Nb PROJECT DIAMOND DRILLING
PROGRAM TO RECOMMENCE
MTM Critical Metals Limited (ASX:MTM) (MTM or the Company) is pleased to advise
shareholders that the diamond drilling program at the Pomme REE-Nb project in Québec,
Canada (Pomme or the Project) will soon recommence after being shut down due to forest
fire activity in the vicinity of the Project area (see MTM ASX announcement dated 4 July 2023).
Fire conditions have eased in the region and field crews have been permitted to return to the
Project area. The technical team will mobilise back to the field camp over coming days and
diamond drilling is scheduled to commence on the second hole of the Pomme diamond drilling
program (POM-23-002, Figure 1) next Monday 17 July 2023.
Figure 1: Diamond drilling status at the Pomme project showing historical and current diamond
drill hole collar locations overlain over magnetic image (TMI 1VD) that highlights the interpreted
carbonatite host rocks.
P: +61 (0)8 6391 0112
MTM Critical Metals Limited (ABN 27 645 885 463)
E: info@mtmcriticalmetals.com.au
W: www.mtmcriticalmetals.com.au
Suite 2, 38 Colin Street, West Perth, 6005, Australia
@MTM Critical
@MTM Critical Metals
Logging and sampling of diamond drill hole POM-23-001 will also be completed as a priority
once the team returns to the Pomme camp. Assay results for the first batch of samples from
this hole are expected around the 30 July 2023 and further sample batches will be
progressively delivered to a laboratory in Val d’Or in preparation for assaying.
This announcement has been authorised for release by the Board of Directors.
For further information, please contact:
Lachlan Reynolds
Managing Director
MTM Critical Metals Limited
Tel: +61 (0)8 6391 0112
Email: lachlan.reynolds@mtmmetals.com.au
Simon Adams
Company Secretary
MTM Critical Metals Limited
Tel: +61 (0)8 6391 0112
Email: simon.adams@mtmmetals.com.au
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About MTM Critical Metals Limited
MTM Critical Metals Limited is an exploration company which is focused on searching for rare earth elements
(REE), gold, lithium, nickel, and base metals in the Goldfields and Ravensthorpe districts of Western Australia and
in the Abitibi region of the Province of Québec. The Company holds over 4,500km2 of tenements in three prolific
and highly prospective mineral regions in Western Australia and has an option to acquire, through an earn-in
arrangement, a 100% interest in 2,400 ha of exploration rights in Québec, Canada. The East Laverton Projects is
made up of a regionally extensive package of underexplored tenements prospective for REE, gold and base metals.
The Mt Monger Gold Project comprises an area containing known gold deposits and occurrences in the Mt Monger
area, located ~70km SE of Kalgoorlie and immediately adjacent to the Randalls gold mill operated by Silver Lake
Resources Limited. The Ravensthorpe Project contains a package of tenements in the southern part of Western
Australia between Esperance and Bremer Bay which are prospective for a range of minerals including REE, lithium,
nickel and graphite. The Pomme project in Québec is a known carbonatite intrusion that is enriched in REE and
niobium and is considered to be an extremely prospective exploration target adjacent to a world class REE resource
(Montviel deposit). Priority drilling targets have been identified in all project areas and the Company is well funded
to undertake effective exploration programs. The Company has an experienced Board and management team
which is focused on discovery to increase value for Shareholders.
Competent Person’s Statement
The information in this announcement that relates to Exploration Results is based on and fairly represents
information compiled by Mr Lachlan Reynolds. Mr Reynolds is the Managing Director of MTM Critical Metals
Limited and is a member of both the Australasian Institute of Mining and Metallurgy and the Australasian Institute
of Geoscientists. Mr Reynolds has sufficient experience of relevance to the styles of mineralisation and types of
deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the
2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves. Mr Reynolds consents to the inclusion in this announcement of the matters
based on information in the form and context in which they appear.
Previous Disclosure
The information in this announcement is based on the following MTM Critical Metals Limited (formerly Mt Monger
Resources Limited) ASX announcements, which are all available from the MTM Critical Metals Limited website
www.mtmcriticalmetals.com.au and the ASX website www.asx.com.au.
4 July 2023, “Pomme REE-Nb Carbonatite Drilling Update”
The Company confirms that it is not aware of any new information or data that materially affects the information
included in the original ASX announcements and that all material assumptions and technical parameters
underpinning the relevant ASX announcements continue to apply and have not materially changed. The Company
confirms that the form and context in which the Competent Person’s findings are represented have not been
materially modified from the original ASX announcements.
Cautionary Statement Regarding Values & Forward-Looking Information
The figures, valuations, forecasts, estimates, opinions and projections contained herein involve elements of
subjective judgment and analysis and assumption. MTM Critical Metals does not accept any liability in relation to
any such matters, or to inform the Recipient of any matter arising or coming to the company’s notice after the date
of this document which may affect any matter referred to herein. Any opinions expressed in this material are subject
to change without notice, including as a result of using different assumptions and criteria. This document may
contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of
words such as “seek”, “anticipate”, “believe”, “plan”, “expect”, and “intend” and statements than an event or result
“may”, “will”, “should”, “could”, or “might” occur or be achieved and other similar expressions. Forward-looking
information is subject to business, legal and economic risks and uncertainties and other factors that could cause
actual results to differ materially from those contained in forward-looking statements. Such factors include, among
other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal
risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the
statements are made. MTM Critical Metals undertakes no obligation to update these forward-looking statements
for events or circumstances that occur subsequent to such dates or to update or keep current any of the information
contained herein. The Recipient should not place undue reliance upon forward-looking statements. Any estimates
or projections as to events that may occur in the future (including projections of revenue, expense, net income and
performance) are based upon the best judgment of MTM Critical Metals from information available as of the date
of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results
will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied
upon as, a promise or representation as to the past or future. MTM Critical Metals, its affiliates, directors, employees
and/or agents expressly disclaim any and all liability relating or resulting from the use of all or any part of this
document or any of the information contained herein.
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