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Critica Limited (ASX:CRI)

ALERT: Price-sensitive ASX Announcement for CRI
Current share price for CRI : $0.021 -0.001 (-4.55%)+
Announcement
Release
18 Aug 2026 9:21AM
Price at Release
$0.022
Full Release
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Summary
Critica Limited is advancing the Mt Lindsay Tin-Tungsten Underground Project in Tasmania, aiming to develop one of Australia's largest undeveloped tin-tungsten resources. The company is conducting a Scoping Study, focusing on underground mining to minimize environmental impact and make use of existing disturbances. The study integrates mine design, infrastructure, and environmental considerations, leveraging hydroelectric power and reducing the permanent surface tailings storage. The project is expected to offer economic benefits to Tasmania through investment and employment opportunities. Completion of the Scoping Study is targeted for the third quarter of 2026, led by DRA Global.
Key Points
  • Critica Limited is advancing the Mt Lindsay Tin-Tungsten Project.
  • The project focuses on underground mining to minimize surface disturbance.
  • Integrates mining, infrastructure, and environmental considerations.
  • Utilizes existing hydroelectric power for lower-emission electrification.
  • Scoping Study to be completed by DRA Global in Q3 2026.
  • Aims to provide economic benefits to Tasmania.
  • Explores additional by-products like copper, boron, and fluorspar.
  • Strategic importance due to strengthened tin and tungsten markets.
  • Evaluates underground backfill to reduce surface tailings storage.
  • Part of Critica's broader 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.