Critica's Jupiter Project Hits Key Rare Earths Milestone

Critica Limited has reached a major de-risking milestone at its Jupiter rare earths project in Western Australia. A maiden indicated resource of 160 million tonnes, grading 1700 ppm total rare earth oxides (TREO), has been delivered by independent consultant SRK Consulting. This upgrade follows an infill drilling campaign that converted 10% of the project's substantial clay-hosted rare earths resource into a higher-confidence category. The total inventory at Jupiter stands at a colossal 1.7 billion tonnes grading 1700 ppm TREO, with 160 million tonnes now in the indicated category and 1.5 billion tonnes in the inferred category.

Valuable magnet rare earth oxides (MREO) represent a significant 25% of the total rare earths within the new indicated resource, grading at 420 ppm. These MREOs are crucial for high-performance magnets in electric vehicles and wind turbines. Critica's CEO Jacob Deysel highlighted that the infill drilling has increased confidence in the drilled area, while the majority of the resource remains inferred. Critica is progressing towards a crucial scoping study to assess the project's economic potential.

The Jupiter project is part of Critica's 1700-square-kilometre Brothers project, located 550km north-east of Perth. Its shallow, flat-lying deposit profile may support simpler mining operations. Metallurgical studies have shown promising recovery rates for magnet rare earths, potentially improving project economics by reducing the volume of material needing costly downstream processing. Critica also has the Mt Lindsay project in Tasmania, contributing to a broader suite of critical minerals for diversified supply chains.