Critical Resources Confirms Fractionated Lithium Pegmatites at Mavis Lake Ontario

Critical Resources Uncovers Highly Fractionated Lithium Pegmatites in Mavis Lake's Northern Corridor

Critical Resources (ASX: CRR) has reported results from its 2026 field exploration programme at the Mavis Lake Lithium Project in Ontario, Canada. Whole-rock lithogeochemical data has confirmed the presence of highly evolved lithium-caesium-tantalum (LCT) pegmatites within the project's Northern Prospects Area. The Critical Resources Mavis Lake lithium pegmatites drill targets in Ontario are now more technically defined than ever, sharpening the company's drill targeting strategy and adding considerable weight to its ambition of building Mavis Lake into a multi-deposit lithium district.

What the 2026 Field Programme Found and Why It Matters

Over a 10-day programme, the CRR exploration team systematically prospected, mapped and sampled across the Corona Pegmatite Field and the adjacent Northern Prospects Area, located approximately 4 km north of the company's existing 8.0 Mt at 1.07% Li₂O Inferred Mineral Resource.

According to the announcement, the programme delivered a substantial dataset:

• 106 representative rock samples collected across the surveyed area
• 14 pegmatite bodies sampled, including 6 newly identified
• 74 structural measurements recorded
• 161 outcrops geologically mapped

Whole-rock lithogeochemical analyses were completed by Activation Laboratories Ltd (Actlabs) using sodium peroxide fusion followed by ICP-OES and ICP-MS, a near-total digestion method that produces reliable major and trace element data. The results have differentiated pegmatite fertility across the northern corridor, pointing toward the highest-priority follow-up targets.

The Headline Numbers: Geochemical Signatures Point to Highly Evolved Systems

The standout results came from the Northern Prospects Area, where multiple samples returned geochemical signatures the company describes as consistent with highly evolved LCT pegmatite systems.

Top Fractionated Samples: K/Rb Ratio Below 50

The most fractionated sample returned a K/Rb ratio of 17.4, alongside 5,510 ppm rubidium, 221 ppm caesium and 22.9 ppm tantalum. Furthermore, several additional samples returned K/Rb ratios below 40, with rubidium values exceeding 2,000 ppm and tantalum reaching as high as 53 ppm.

By comparison, pegmatites sampled within the Corona Pegmatite Field returned generally higher K/Rb ratios and comparatively lower enrichment in these pathfinder elements, indicating only slight to moderate degrees of magmatic fractionation.

While Corona remains a prospective exploration area, the geochemical dataset identifies the Northern Prospects as the priority destination for follow-up work, the company said.

Whole-rock analyses returned low lithium oxide values across all samples, which the company attributes to grab sampling of pegmatite margins and non-spodumene-bearing zones rather than spodumene-rich cores. The K/Rb ratios and pathfinder element enrichment reported are indicators used to guide exploration rather than a direct measure of lithium grade, and confirmation of lithium mineralisation will require further work, including drilling.

"The highly fractionated pegmatites occur within the Northern Prospects Area on the northern claim package acquired by the Company in August 2025, validating the rationale for that acquisition and demonstrating the value of systematic regional exploration in identifying quality growth opportunities beyond our existing Mineral Resource. These results have significantly refined our exploration focus, highlighting granitic-hosted pegmatites with geochemical characteristics consistent with highly evolved LCT systems."

— Tim Wither, Managing Director, Critical Resources

Understanding K/Rb Ratios: An Exploration Fertility Indicator

What Is a K/Rb Ratio?

Potassium and rubidium are chemically similar elements that behave differently as magma cools and crystallises. In a lithium-bearing pegmatite system, as the melt becomes progressively more evolved through magmatic fractionation, rubidium tends to concentrate relative to potassium. The result is a declining K/Rb ratio.

Why Does It Matter to Investors?

A low K/Rb ratio is regarded by geologists as one of the more reliable indicators that a pegmatite has reached a level of chemical evolution associated with economic lithium mineralisation in other deposits globally.

Well-documented hard-rock lithium deposits are often characterised by K/Rb ratios well below 100, with some of the more productive systems returning ratios below 30 or even 20.

Glossary of Key Terms

Acquisition Claims Supported by Field Results

One notable takeaway from the 2026 programme relates to CRR's August 2025 acquisition of the northern claim package. At the time, historical LIBS (Laser-Induced Breakdown Spectroscopy) analyses had flagged several highly fractionated pegmatites on those claims, though independent whole-rock geochemical confirmation had not yet been completed.

The 2026 field programme has now provided that confirmation, according to the company. The strongest fractionation signatures across the entire survey area were returned from pegmatites within the acquired northern tenure, with several results comparable to or exceeding the geochemical signatures identified during the original acquisition assessment.

Geological mapping also suggests the most highly fractionated pegmatites are spatially associated with granitic host rocks within the northern package, which the company has identified as a priority structural setting for future drill testing. Consequently, this outcome is relevant for investors, as it indicates the company's land acquisition strategy is being tested and supported through follow-up technical work rather than remaining speculative.

The Broader Picture: A District-Scale Lithium Strategy

The 2026 results sit within a wider exploration framework CRR has been building at Mavis Lake since acquiring the project in 2022. The company holds a landholding exceeding 400 km² across key structural trends, underpinned by a pipeline of LCT-type pegmatite targets.

Current Resource and Exploration Target Summary

The Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

The Gullwing Pegmatite is described as the most advanced target within the Northern Prospects, supported by:

• Widths of up to approximately 80 metres and approximately 500 metres of exposed strike
• Spodumene mineralisation observed at surface
• An Exploration Target of 7 to 10 Mt at 0.3 to 1.2% Li₂O
• A dataset incorporating geochemistry, LIBS fractionation data and high-resolution UAV magnetics

Beyond Gullwing, the Northern Prospects pipeline includes the Tot, Little Wing, Coates, Drope and Corona targets, each at varying stages of advancement. The 5 km-scale Corona Pegmatite Field remains comparatively underexplored, according to the company, and offers additional district-scale potential.

What Comes Next: The Path to Drilling

With geochemical results in hand, CRR's near-term focus is on converting the Northern Prospects data into higher-confidence drill targets. The planned sequence of work outlined in the announcement includes:

1. Data integration, combining the 2026 whole-rock assay results with existing geological, structural, geophysical and historical exploration datasets to rank targets across the northern corridor
2. Detailed geological mapping, further refining the spatial association between granitic host rocks and highly fractionated pegmatites
3. Targeted surface geochemistry, systematic sampling to extend coverage across prospective corridors
4. Mechanised stripping, where appropriate, to expose pegmatite contacts for sampling and mapping
5. Scout diamond drilling, the next step planned to test whether the fractionation signatures identified at surface correspond to lithium mineralisation at depth

The company has indicated that the results of this integration work will directly inform the targets and sequencing of its 2026 Northern Prospects exploration campaign.

Why Investors Are Watching Critical Resources

The 2026 Mavis Lake field programme has, according to the company, converted geological prospectivity into a more technically defensible, prioritised target list. The identification of multiple highly fractionated LCT pegmatites within the newly acquired northern tenure, confirmed through independent laboratory analysis, represents a meaningful step toward de-risking the project ahead of drilling.

Several attributes are relevant for continued investor attention:

• Established resource base: An existing 8.0 Mt at 1.07% Li₂O Inferred Mineral Resource provides a starting point for potential district-scale growth
• Exploration Target upside: A project-wide Exploration Target of 18 to 29 Mt at 0.8 to 1.2% Li₂O across multiple prospects, noting this remains conceptual
• Systematic exploration approach: The integration of mapping, geochemistry, LIBS data, geophysics and structural geology reflects a methodical exploration methodology
• Acquisition strategy support: The 2026 results provide independent confirmation of the technical rationale behind the August 2025 northern claims acquisition
• Near-term catalysts: Drill target finalisation and the planned commencement of the 2026 Northern Prospects drilling campaign represent upcoming newsflow
• 100% ownership: CRR holds the Mavis Lake project outright, retaining full exposure to any exploration success

The Critical Resources Mavis Lake lithium pegmatites drill targets in Ontario continue to be refined with each successive field programme, and the geochemical data now in hand represents a technically grounded foundation for the next phase of work.

"Critical Resources has positioned Mavis Lake as one of Ontario's more systematically advanced lithium exploration projects, with geochemical results from the 2026 field programme pinpointing priority targets for drill testing. With an existing 8.0 Mt Inferred Mineral Resource, a conceptual project-wide Exploration Target of up to 29 Mt, and a pipeline of LCT pegmatite targets under progressive review, investors may watch for further updates as CRR moves toward its next phase of drilling in the Northern Prospects corridor."

Ready to Dig Deeper Into Critical Resources' Mavis Lake Lithium Project?

With highly fractionated LCT pegmatites now geochemically confirmed across the Northern Prospects Area, a district-scale Exploration Target of up to 29 Mt, and scout diamond drilling on the horizon, Critical Resources (ASX: CRR) is advancing Mavis Lake into an increasingly compelling lithium exploration story. Investors seeking to follow the project's progress — from drill target finalisation through to the upcoming 2026 Northern Prospects drilling campaign — can access the latest company updates, project data and investor information directly at criticalresources.com.au.