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Critica Limited (ASX:CRI)

ALERT: Price-sensitive ASX Announcement for CRI
Current share price for CRI : $0.018 -0.008 (-30.77%)+
Announcement
Release
20 Jan 2026 9:34AM
Price at Release
$0.026
Full Release
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Summary
Critica Limited (ASX: CRI) has initiated the Scoping Study phase for its Jupiter Rare Earth Project in Western Australia, appointing Sedgman Pty Limited to lead the study. This marks a key transition from technical validation to structured project development, aiming to translate the project's scale and beneficiation performance into a defined, capital-efficient development pathway. The Scoping Study, supported by Snowden Optiro and SRK Consulting, will focus on integrating a beneficiation-first flowsheet and establishing baseline project economics. The plan includes ongoing metallurgical testwork, a pilot-scale beneficiation program, and a targeted drilling campaign to support resource optimization. The study's results will lay the groundwork for subsequent feasibility stages, with a timeline targeting a Scoping Study in the first half of 2026 and a potential final investment decision by 2029.
Key Points
  • Scoping Study initiated for Jupiter Rare Earth Project in Western Australia
  • Sedgman Pty Limited appointed to lead the study
  • Transition from technical validation to structured project development
  • Study to focus on integrating a beneficiation-first flowsheet
  • Establishing baseline project economics
  • Ongoing metallurgical testwork and pilot-scale beneficiation
  • Planning targeted drilling for resource optimization
  • Potential final investment decision by 2029
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.