Critica Limited Upgrades 160 Million Tonnes of Jupiter Rare Earths to Indicated Resources: Processing Economics Face Next Test

Highlights

• SRK Consulting classified 160 million tonnes grading 1,700 ppm TREO as Indicated at Critica's Jupiter project in Western Australia
• Only 67,200 tonnes of magnet rare-earth oxides exist in the Indicated resource, with dysprosium and terbium totaling roughly 3,520 tonnes before processing losses
• Jupiter's rare earths reside in phosphate minerals requiring beneficiation and acid baking; pilot tests recovered 81% of magnet rare earths during beneficiation only
• Total resource tonnage declined from 1.8 billion to 1.7 billion tonnes, a material qualification underemphasized in promotional coverage
• No Ore Reserve or project economics have been established; a forthcoming scoping study must validate whether recoverable magnet metals justify capital and operating costs