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Critica Limited (ASX:CRI)

ALERT: Price-sensitive ASX Announcement for CRI
Current share price for CRI : $0.018 -0.006 (-25%)+
Announcement
Release
27 May 2026 9:02AM
Price at Release
$0.024
Full Release
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Summary
Critica Limited announced a significant advancement in the beneficiation pathway at its Jupiter Rare Earth Project, with the pilot plant delivering an intermediate concentrate grading approximately 3% TREO, a ~14x upgrade from the feed material. This achievement includes approximately 95% mass rejection, concentrating rare earth minerals into about 5% of the original feed mass, thus supporting reduced downstream processing volumes and lower projected cost intensity. Notably, strong recoveries were maintained for key Magnet Rare Earth Elements. The pilot plant results directly inform the Jupiter Scoping Study and advance the flowsheet towards the next stage of development. Ongoing efforts aim to further optimize beneficiation and downstream processing pathways as Critica transitions from an explorer to developer.
Key Points
  • Pilot plant optimization delivers ~3% TREO concentrate, a ~14x upgrade from feed material.
  • Approximately 95% mass rejection achieved, concentrating rare earth minerals into ~5% of original feed mass.
  • Strong Magnet REE recoveries maintained: Nd2O3: 74.5%, Dy2O3: 74.7%, Pr6O11: 69.3%, Tb4O7: 65.9%.
  • Beneficiation and MREO testwork results support reduced downstream processing volumes and lower projected costs.
  • Results are crucial for the Jupiter Scoping Study and the advancement of the process flowsheet.
  • Ongoing metallurgical test programs aim to improve process performance and inform Sedgman's Scoping Study activities.
  • Critica Limited aims to transition from explorer to developer with enhanced beneficiation pathway.
  • Further optimization is targeted to improve concentrate grades and support downstream testwork.
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.