Catalyst Mines reports major chromite find in Morocco

Catalyst Mines Inc. has announced significant new findings from its trenching campaign at the Amasine Project in Morocco’s Siroua region, identifying high-grade chromite mineralization alongside cobalt and nickel anomalies. 

The results position the project as a potential new source of critical minerals at a time of heightened global demand.

Trench assays returned chromium grades peaking at 270,350 parts per million, with an average of 10,880 ppm across the program. Nickel values averaged 1,481 ppm, reaching up to 3,719 ppm, while cobalt averaged 102 ppm, with highs of 304 ppm.

“The scale and grade of mineralization observed at surface are rare and highly encouraging,” said Tyler Burpee, Catalyst Mines’ chief executive. “Amasine has the potential to become a key contributor to global strategic mineral supply.”

The mineralization is hosted in serpentinite bodies, with chromite occurring in both massive and disseminated forms — a geological setting considered favorable for open-pit extraction. 

Fieldwork has mapped high-grade lenses and structural features suggesting continuity at depth, drawing comparisons to the Bou Azzer mining district located 40 kilometers to the east.

Preliminary internal estimates indicate the project could contain as much as 609 million tonnes of ore, with an in-ground valuation exceeding $60 billion. Independent resource estimates and economic studies are planned.

Professor Mustapha El Gorphi, former chief geologist at Bou Azzer and a technical advisor to Catalyst, noted that the chromite textures and associated cobalt-nickel signatures at Amasine bear strong similarities to some of Morocco’s most productive critical minerals systems.

Catalyst Mines has commenced a 20-hole, 4,000-metre drill program targeting vertical extensions of the mineralized zones. The company is also advancing metallurgical studies and geological modeling ahead of a planned NI 43-101 compliant resource estimate.

The discovery comes as demand for chromite, cobalt, and nickel continues to grow, driven by the expansion of electric vehicle manufacturing, energy storage technologies, and defense applications. Consolidated mineralization of all three commodities in a single deposit could provide significant economic and operational advantages.

Catalyst said it remains focused on advancing the Amasine Project toward development while maintaining an emphasis on ethical sourcing and sustainability.