Critica Limited (ASX:CRI) has disclosed that its 100%-owned Mt Lindsay Tin-Tungsten Project in Tasmania has been included in the Australian Government's Australian Critical Minerals Prospectus, administered by the Australian Trade and Investment Commission (Austrade), while its 100%-owned Jupiter Rare Earths Project in Western Australia has been featured in the Western Australia Critical Minerals Prospectus 2026, published by the Western Australian Government's Department of Mines, Petroleum and Exploration.

Key Points

  • Mt Lindsay featured in the tungsten section of the Australian Government's 2026 Critical Minerals Prospectus, administered by Austrade.
  • Jupiter featured in the Rare Earth Elements section of the Western Australia Critical Minerals Prospectus 2026, which profiles 47 developing critical minerals projects across the state.
  • Critica confirmed it did not commission or pay for either project's inclusion in the respective prospectuses.
  • The September 2026 Mt Lindsay Scoping Study outlined a 1.0 Mtpa underground development with an after-tax NPV₈ of approximately A$1.0 billion, after-tax IRR of 55.6%, and estimated pre-production capital of approximately A$245 million.
  • The October 2026 Jupiter Scoping Study reported an after-tax NPV₈ of approximately A$2.0 billion, after-tax IRR of 48.4%, and estimated pre-production capital of approximately A$556 million.

Mt Lindsay Tin-Tungsten Project Inclusion Details

Mt Lindsay is a 100%-owned advanced tin-tungsten project held under an existing granted Mining Lease in an established mining region of north-west Tasmania, supported by more than 88,000 metres of diamond drilling. The project is located approximately 120 kilometres from the Port of Burnie. The September 2026 Scoping Study outlined a 1.0 Mtpa underground development on the existing granted Mining Lease, with a 13.5-year mining schedule and estimated pre-production capital of approximately A$245 million. The Scoping Study Base Case reported an after-tax NPV₈ of approximately A$1.0 billion, an after-tax IRR of 55.6%, and an estimated 1.9-year after-tax payback from commencement of commercial production.

Jupiter Rare Earths Project Inclusion Details

Jupiter, part of Critica's 100%-owned Brothers landholding in Western Australia, is described in the filing as Australia's largest clay-hosted rare earth resource. The project holds an updated Mineral Resource of approximately 1.7 billion tonnes at 1,700 ppm TREO, including Jupiter's first 160 million tonne Indicated Mineral Resource at 1,700 ppm TREO. The October 2026 Jupiter Scoping Study Base Case reported an after-tax NPV₈ of approximately A$2.0 billion, an after-tax IRR of 48.4%, an approximately 2.0-year payback, and estimated pre-production capital of approximately A$556 million. The Scoping Study modelled an 8.0 Mtpa operation producing a mixed rare earth carbonate over a 14.3-year mining schedule.

Nature of Government Prospectus Inclusions

The Australian Critical Minerals Prospectus is published by the Australian Government through Austrade and showcases Australian critical minerals projects to international investors, financiers and potential strategic partners. The Western Australia Critical Minerals Prospectus 2026, published by the Western Australian Government's Department of Mines, Petroleum and Exploration, profiles 47 developing critical minerals projects across the state. According to the filing, Critica did not commission or pay for either project's inclusion in the respective prospectuses. The company stated the inclusions provide an opportunity to increase project visibility among investors, financiers, potential customers and strategic partners.