Critical Metals Confirms Copper Oxide at Molulu
Critical Metals plc's 3D block modelling confirms copper oxide mineralisation at its Democratic Republic of Congo project and advances an offtake discussion.
Updated on Nov. 9, 2026 in Public Companies
Critical Metals plc, listed on the London Stock Exchange, completed 3D block modelling confirming copper oxide mineralisation at the Molulu Copper/Cobalt Project in the Democratic Republic of Congo. The company is also working with a potential offtake partner to test approximately 300 kg of ore from existing stockpiles.
Why it matters
The modelling increases understanding of mineralised areas and will inform the planning of the next drilling phase. The offtake collaboration could allow the company to realise value from material already on site.
Approximately 300 kg of stockpiled ore is being tested across total copper ranges of 1%-1.5%, 1.5%-2% and above 2%. The results of these recovery tests and the final offtake terms have not yet been disclosed.
The players
Critical Metals plc
A company listed on the London Stock Exchange that is developing the Molulu Copper/Cobalt Project in the Democratic Republic of Congo.
The details
The block modelling was completed using available drilling data, soil sampling, trench data and the current quality assurance and quality control program. The company is collaborating with a potential offtake partner and has held initial discussions with a new prospective buyer.
Timeline
Announcement of the completed 3D block modelling: 9 November 2026.
Market Landscape
Copper oxide projects in the Democratic Republic of Congo are part of a wider wave of African copper development tied to demand from the energy transition. Critical Metals' offtake talks show how junior miners are seeking buyers for existing stockpiles while they advance resource definition.
For investors in Critical Metals plc, the outcome of the ore recovery tests and any signed offtake agreement will determine whether the stockpiled material produces revenue. Readers tracking copper supply should watch whether the Molulu project moves from modelling to a defined resource and sales contract.
The takeaway
Watch for the results of the 300 kg ore recovery tests and any formal offtake agreement, since these will show whether the Molulu project can convert its existing stockpiles into near-term value.
Further reading
Explore more company announcements in our Public Companies section.
Source note: This article includes information reported by Crown.
