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Critica Limited (ASX:CRI)

ALERT: Price-sensitive ASX Announcement for CRI
Current share price for CRI : $0.019 0.001 (5.56%)+
Announcement
Release
30 Jul 2026 9:26AM
Price at Release
$0.018
Full Release
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Summary
Critica Limited's Quarterly Activities Report for the period ending 30 June 2026 highlights significant progress in its critical minerals projects. The Jupiter Project in Western Australia has achieved a 14× upgrade to an intermediate concentrate grading approximately 3% Total Rare Earth Oxide (TREO) while maintaining high recovery rates. A third high-purity Mixed Rare Earth Oxide (MREO) has been produced, and multiple product routes are confirmed. Critica's Mt Lindsay project in Tasmania focuses on tin and tungsten, with a Scoping Study led by DRA Global underway. The company holds a strong cash position of $5.3 million at the end of the quarter. The Appendix 5B Cash Flow Report indicates a net cash outflow from operating activities, but the company maintains sufficient funding for its operations.
Key Points
  • Jupiter pilot plant optimization achieved a 14× upgrade factor.
  • Intermediate concentrate grading approximately 3% TREO.
  • 81% Magnet REO recovery and 71% TREO recovery maintained.
  • Third high-purity MREO produced at approximately 97% TREO.
  • Mt Lindsay Scoping Study to focus on low-impact, ESG-aligned underground development.
  • Strong cash position of $5.3 million at the end of the quarter.
  • $300,000 in non-dilutive research funding secured.
  • Advancement of critical minerals platform including rare earths, yttrium, gallium, tin, and tungsten.
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.