What Is Critical Resources (ASX:CRR) Doing in Suriname as Due Diligence Advances at Gonini and Greenstars?

Sonal Goyal

16 October 2026 07:53 PM AEDT

What Is Critical Resources (ASX:CRR) Doing in Suriname as Due Diligence Advances at Gonini and Greenstars?

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Key Highlights

Management is in Suriname progressing legal, title and technical Due Diligence on the Gonini (about 164 km²) and Greenstars (about 35 km²) gold projects.
Both acquisitions are staged and subject to conditions precedent, and no Mineral Resources, Ore Reserves or Exploration Results have been reported for either project.
A field crew is being assembled for verification sampling at Greenstars and first-pass sampling at Gonini, with mobilisation planned in the coming weeks.

Critical Resources Limited (ASX:CRR) provided an update on 12 October 2026 on its Suriname gold interests, following earlier announcements of the Gonini Gold Project on 23 September 2026 and the Greenstars Gold Project on 28 September 2026. The company says management is visiting both projects, meeting vendors, in-country counsel, local communities and officials, and planning first field programs.

The two projects

Together the projects cover about 199 km² of granted gold Mining rights. Gonini comprises two granted exploitation rights of about 164 km² in the Sara Creek district, where gold was discovered in 1876, about 66 kilometres from Newmont's Merian mine. The company notes there is no record of modern systematic exploration on the Gonini rights. Greenstars is a single granted exploitation right of about 35 km² in the Para District, road-accessible from Paramaribo and about 35 kilometres west of Zijin's Rosebel mine, with small-scale alluvial workings in the project area.

Status of the transactions

Both acquisitions are staged, with most of the consideration deferred and conditional on completion. Legal, title and technical due diligence is advancing alongside the preparation of binding agreements with both vendors. The company's cautionary statement says completion of each Acquisition depends on conditions precedent that may not be satisfied, and that both projects are early-stage exploration projects with no Mineral Resources or Ore Reserves estimated.

Planned field work

Critical Resources is finalising exploration programs and assembling a field crew for verification sampling at Greenstars and first-pass sampling at Gonini. Planned site activities include inspecting Gonini's artisanal workings, access and camp infrastructure, inspecting Greenstars' road access and the two areas the vendor has identified as prospective, and setting up the Suriname operating entity. Subject to completion, the company intends to run first-pass soil and auger geochemistry across interpreted prospective geological contacts at both projects.

Guiana Shield structural specialists have been engaged to provide structural interpretation, because orogenic gold in Suriname is concentrated along shear zones, fold hinges and greenstone contacts, and outcrop is scarce in deeply weathered terrain.

Jurisdiction data cited in the release

The announcement cites Rosebel, in production since 2004, and Merian, in production since 2016. Rosebel is reported to have produced 5.65 million ounces of gold between 2004 and 2021 and 306,535 ounces in 2025. Gold accounted for about 79% of Suriname's exports, roughly US$2.0 billion, in 2024.

It also points to Investment by others: Gold Fields completed a C$77 million investment in Founders Metals in September 2026 to hold about 19.9%, and La Mancha holds 19.9% of both Miata Metals and Greenheart Gold. The company states that this third-party information has not been independently verified, is provided for regional context only, and does not imply a comparable outcome for Critical Resources. It also describes itself as the only ASX-listed company holding granted gold tenure in Suriname, based on its own review.

Strategy and regional comparison

Critical Resources states that its objective in Suriname is to build a portfolio of granted gold projects and move quickly from securing title to systematic exploration. It says it will pursue further opportunities only if they meet its criteria for title, access and cost of entry, and that it will keep the market informed under its continuous disclosure obligations.

The announcement compares the Guiana Shield with West Africa's Birimian greenstone belts, which are interpreted to have been joined before the Atlantic opened. It cites an estimated 500 million ounces or more of discovered gold in the Birimian against around 100 million ounces in the Guiana Shield. Beyond Suriname, the company lists the Mavis Lake Lithium Project in Ontario, the Halls Peak Base Metals Project in New South Wales and gold projects in New Zealand.

FAQs

Q: What is Critical Resources (ASX:CRR) doing in Suriname?

A:Management is in the country advancing due diligence on the Gonini and Greenstars gold projects and preparing the first field programs.

Q: How large are the projects?

A:Gonini covers about 164 km² and Greenstars about 35 km², totalling about 199 km² of granted gold mining rights.

Q: Are there any resource estimates?

A:No. The company states that no Mineral Resources or Ore Reserves have been estimated and no Exploration Results are reported.

Q: Are the acquisitions complete?

A:No. Each acquisition is staged and subject to conditions precedent, and binding agreements with both vendors are being prepared.

Q: What sampling is planned?

A:Verification sampling at Greenstars and first-pass sampling at Gonini, followed subject to completion by soil and auger geochemistry.

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