Critical Resources Clinches Ministerial Consent For Transfer Of Five Prospecting Permits To New Zealand Unit, Shares Jump 14%

MT Newswires Live
Yesterday

Critical Resources (ASX:CRR) said New Zealand's Minister of Energy and Resources granted ministerial consent for the transfer of 90% ownership of five prospecting permits, Rock & Pillar, Silver Peaks, Lammerlaw, Croesus, and Tokomairiro, to the firm's wholly-owned New Zealand unit Goldfire Resources, according to a Thursday Australian bourse filing.

It also received approval from the Department of Conservation to begin minimum impact activities across four permits, with field work expected to begin immediately at the Lammerlaw and Croesus prospects.

Goldfire agreed with Koura Resources in August 2025 to acquire a 90% legal and beneficial interest in the Silver Peaks, Lammerlaw, Tokomairiro, and Croesus permits across the Otago and Reefton regions of New Zealand's South Island. Goldfire also agreed with Euro Gold Ventures in September 2025 to acquire a 90% legal and beneficial interest in the Rock and Pillar prospecting permit.

Its shares jumped 14% in early trading on Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10