• Jupiter pilot plant optimization achieved a 14x upgrade to 3% TREO concentrate
• Mt Lindsay Scoping Study to evaluate low-impact underground development
• Secured $300,000 in non-dilutive funding and joined strategic consortiums
• Strong cash position of $5.3m at end of quarter

Critica Limited (ASX: CRI) reported significant advancements in its critical minerals projects for the quarter ending 30 June 2026. At the Jupiter project, pilot plant optimization delivered an intermediate concentrate grading approximately 3% TREO, a 14x upgrade, while maintaining strong recoveries of 81% Magnet REO and 71% TREO. The project also produced a third high-purity MREO at approximately 97% TREO, confirming commercial-grade product routes. Resource optimization and infill drilling were completed, and the Scoping Study remains on track for Q3 2026. At Mt Lindsay, DRA Global was appointed to lead the Scoping Study on a low-impact, ESG-aligned underground development basis. Strengthening tin and tungsten markets and positive government engagement reinforce Mt Lindsay's value. Resource update and geological modeling are underway, and partnership discussions are progressing. Critica secured $300,000 in non-dilutive funding and joined the U.S. Defense Industrial Base Consortium and the Critical Minerals Association Australia, reinforcing its strategic position. The company maintains a strong cash position of $5.3 million.

Scoping Study completion expected Q3 2026

Both projects are on track with Scoping Studies expected to be completed during Q3 2026, reinforcing the company's dual-project critical minerals platform.