New Broad Zones of REE-Niobium Mineralisation Identified within Pomme Project Carbonatite Complex

MTM Critical Metals Limited (ASX:MTM) (MTM or the Company) has intercepted further significant TREO mineralisation in diamond drilling from holes POM-23-09, POM-23-11, POM-23-12 and POM- 23-13 at its Pomme REE-Niobium carbonatite project located in Québec, Canada.

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Highlights:

• Latest diamond drilling results further confirm rare earth element (REE) and niobium (Nb) mineralisation over broad intervals in previously untested parts of the Pomme carbonatite complex.
• Hole POM-23-13 intersected 330m @ 0.34% TREO & 0.02% Nb2O5 (from 71.7m) including a number of zones greater than 0.6% TREO and locally up to 2.0% TREO.
• Hole POM-23-11 intersected 468.35m @ 0.29% TREO & 0.06% Nb2O5 (from 22.65m), including 74.75m @ 0.47% TREO & 0.06% Nb2O5 (from 252m).
• Assays confirm that a significant proportion of the TREO grade is high value magnet REE mineralisation - neodymium (Nd) and praseodymium (Pr).
• All assays now received for the Pomme diamond drilling program and modelling of results underway to plan follow-up work during the next field season in Quebec.

MTM Managing Director, Mr Lachlan Reynolds said the REE intersections from latest holes confirmed the very large mineralised system at Pomme:

“The most recently reported assay results finalise the wide-spaced drilling coverage of the Pomme carbonatite complex. The results confirm that rare earth and niobium mineralisation extends over almost all of the carbonatite target area, in excess of 2km².

All of the principal assay results from the Pomme diamond drilling program have now been received. The Company will be using the time over the Canadian winter period to compile and assess these results, in order to identify the highest priority areas for follow-up and plan the field program for 2024.”

Drilling highlights

• POM-23-13:330.3m @ 0.34% TREO & 0.02% Nb2O5 from 71.7m, including:
  • 9.0m @ 0.71% TREO & 0.02% Nb2O5 (from 84m) and
  • 4.5m @ 0.74% TREO & 0.03% Nb2O5 (from 103.5m) and
  • 4.5m @ 0.68% TREO & 0.10% Nb2O5 (from 130.5m)
  • 10.5m @ 0.62% TREO & 0.03% Nb2O5 (from 267m)
  • 7.4m @ 0.69% TREO & 0.01% Nb2O5 (from 363m)
• POM-23-11:468.35m @ 0.29% TREO & 0.06% Nb2O5 from 22.65m, including:
  • 74.75m @ 0.47% TREO & 0.06% Nb2O5 (from 252m)
• POM-23-12:59.9m @ 0.23% TREO & 0.05% Nb2O5 from 19.6m, and:
  • 498.5m @ 0.22% TREO & 0.09% Nb2O5 from 19.6m
• POM-23-09:230.55m @ 0.20% TREO & 0.06% Nb2O5 from 174m, and:
  • 60m @ 0.23% TREO & 0.04% Nb2O5 from 459m

Figure 1: Drill status map of the Pomme project, showing current and historical drill hole locations overlain on simplified interpreted basement geology diagram.

The Pomme Project is located adjacent to the world-class Montviel REE-Nb deposit (owned by Geomega Resources Inc), that has a defined total indicated and inferred resource of 266 Mt @ 1.45% TREO & 0.14% Nb2O5.

The Pomme project is a carbonatite intrusion with very extensive mineralised drilling intersection results from recent drilling, showing enrichment in REE and niobium mineralisation over a broad area. MTM has entered into a binding option agreement with Geomega Resources to acquire a 100% interest in the Pomme claims.

Assay Results

Drill hole POM-23-13

Drill hole POM-23-13 was collared to test the north-western part of the Pomme carbonatite complex (Figure 1), angled to the west of the first drilling traverse. The hole mostly intersected mixed carbonatite and metasedimentary rocks. Nonetheless, mineralisation was persistently present in the drill core from near surface and broad zones of continuous REE mineralisation around 0.4% TREO were intersected throughout the hole, with local zones of higher-grade mineralisation up to ~2.0% TREO (see details in Table 1 and Appendix II).

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