Steadright Critical Minerals Inc. is making notable progress in its exploration efforts at the historic Goundafa Mine in Morocco. The company, which holds a binding memorandum of understanding (MOU) for the site, has been actively advancing its work through partnerships and recent exploration activities.
The Goundafa Mine, located in Morocco’s High Atlas Mountainshas a rich history of polymetallic production, including copper, zinc, lead, silver, and gold. Steadright’s efforts are focused on revitalizing this historic site and unlocking its potential for modern mining operations.
Recent Exploration Activities
In April 2026, Steadright engaged Axiom Exploration Group Ltd.a global leader in integrated geoscience solutions, to support the rapid advancement of its diversified portfolio of high-potential critical mineral projects in Morocco. Axiom’s team visited the Goundafa Historic Minesite in May 2026, despite an unusually harsh winter, to compile and create a database of information from the site.
Axiom’s work included geo-locating tailing piles as part of a contract signed for the sale of historic ‘Mineralized Stockpile’ with MoResCo Sarl. Up to 14,400 metric tons of material were identified for purchase. Samples were taken from shallow pits or sorted mineralized piles, with photos and observations recorded into the ESRI FieldMaps app. These samples were then sealed and delivered to AfriLab in Marrakech for analysis.
Geochemical Analyses
All samples were prepared and analyzed by the African Laboratory for Mining and Environment (AfriLab), an ISO 9001-certified laboratory. The analyses included fire assay with atomic absorption spectrometry finish for gold and multi-element geochemistry determined by inductively coupled plasma (ICP) spectrometry following four-acid near-total digestion.
The site visit has significantly enhanced Axiom’s understanding of the property, improving the state of the digital database with additional digitization of historical samples. This has helped visualize previous work and potential across the entire site.
Historical Production and Potential
The Goundafa Mine was developed and mined by La Société des Mines de Goundafa (SMG) from 1926 until 1956. Historical production includes two thousand tons with an average grade of 22.13% zinc and 11.31% lead in 1928. A 1985 report indicated silver grades of up to 400g/t from concentrate, with increasing chalcopyrite and gold content as mining pursued deeper.
A 2026 geological report, authored by Mr. Omar Guillou and prepared for Ste Commerciale et Minière du Sahara (CMS), identified 6.62 Mt located above -300L and adjacent to old workings. However, this estimate does not include exploration potential that is open along the strike and down dip of -300 L. The report suggests that the system could extend an additional 800 meters vertically, reaching depths of 1,400 meters below surface.
The Goundafa Project is centered on a series of steeply dipping mineralized veins containing lead, zinc, copper, gold, and silver. These veins are exposed at surface and have seen limited artisanal mining since the French left, providing a strong foundation for modern exploration.
Future Plans
Steadright is committed to ensuring that a proper exploration is completed at the Goundafa Mine Site. The company looks forward to sharing further information as it pertains to the mine site and its potential. Steadright CEO, Matt Lewis, expressed satisfaction with the progress on the Goundafa, especially as it relates to the historic stockpiles contracted for sale.
Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. The company has been focused on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 sq KMs of mineral exploration claims called the TitanBeach Titanium Project, along with the Copper Valey Project.
