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Critica Limited (ASX:CRI)

ALERT: Price-sensitive ASX Announcement for CRI
Current share price for CRI : $0.019 -0.005 (-19.57%)+
Announcement
Release
5 May 2026 9:08AM
Price at Release
$0.023
Full Release
download
Summary
Critica Limited (ASX: CRI) has appointed DRA Global to conduct a Scoping Study for the Mt Lindsay Tin-Tungsten Project in Tasmania, emphasizing an ESG-focused underground approach. This strategic shift aims to minimize environmental impacts while maintaining development optionality. The study will explore underground mine design, backfill solutions, and optimized infrastructure to align with ESG outcomes. Critica is positioning Mt Lindsay as a critical minerals project complementing its primary asset, the Jupiter Rare Earth Project. The recent increases in tin and tungsten prices enhance Mt Lindsay's strategic value, supporting Critica's goal of establishing a scalable critical minerals platform.
Key Points
  • DRA Global appointed to deliver Mt Lindsay Scoping Study
  • Shift to underground mining approach, alternative to prior open pit concept
  • ESG-led design including paste/backfill to reduce surface tailings
  • Strong government engagement with positive ministerial support
  • Increased tin and tungsten prices enhance Mt Lindsay's value potential
  • Mt Lindsay offers strategic optionality alongside Jupiter Rare Earth Project
  • Critica aims to build a scalable critical minerals platform
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.