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Critica Limited (ASX:CRI)

ALERT: Price-sensitive ASX Announcement for CRI
Current share price for CRI : $0.025 0.006 (31.58%)+
Announcement
Release
4 Aug 2026 9:41AM
Price at Release
$0.019
Full Release
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Summary
Critica Limited has announced a significant advancement in the hydrometallurgical optimization of its Jupiter Rare Earth Project. The company achieved a reduction of approximately 30% in sulphuric acid consumption, from 1.4-1.6 tonnes to approximately 1.0 tonne per tonne of feed. This reduction was confirmed through independent testwork by ANSTO, GAVAQ, and AMML. This development builds on previous improvements in rare earth recovery and concentrate grade, reinforcing the project's low-cost processing pathway. Ongoing work aims to further optimize and validate the hydrometallurgical process, with the Jupiter Scoping Study expected to be released by Q3 2026.
Key Points
  • Approximately 30% reduction in sulphuric acid consumption achieved.
  • Independent testwork confirms acid consumption of 1.0 tonne per tonne of feed.
  • Builds on previous improvements in magnet rare earth recovery and concentrate grade.
  • Continued optimization of hydrometallurgical processing to reduce costs.
  • Jupiter Scoping Study targeted for release in Q3 2026.
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.