Critica Limited

Critica Limited (ASX: CRI) is advancing the Jupiter Project in Western Australia - recognised as Australia’s largest clay-hosted rare earths resource and the nation’s largest magnet-REE resource base. Jupiter is magnet-REE dominant (Nd, Pr, Dy, Tb), the value drivers for EV, renewable and defence supply chains. Breakthrough beneficiation testwork has demonstrated ~95% mass rejection with an ~8× grade uplift into a magnet-REE-rich concentrate, underscoring the potential for a simple, capital-efficient flowsheet. With exceptionally low U/Th content, Jupiter presents a distinctive development profile. Critica is pivoting from explorer to developer with a clear mine-to-magnet roadmap: scale beneficiation and leach to pilot, finalise MREC specifications, progress development studies and approvals, and advance product qualification and offtake with Western-aligned partners.