Key points
- Second high-grade MREC produced from Jupiter, delivering ~58% TREO
- Closely replicates the ~58% TREO grade achieved in the first MREC
- Increased Magnet Rare Earth and Heavy Rare Earth content
- Repeatable high-quality downstream rare earth product production
- Continued de-risking of Jupiter's processing flowsheet
Full summary
Critica Limited (ASX: CRI) is pleased to report the production of a second high-grade Mixed Rare Earth Carbonate (MREC) from the Jupiter Rare Earth Project. The latest MREC, produced by Australian Minmet Metallurgical Laboratories (AMML), achieved approximately 58% Total Rare Earth Oxide (TREO), closely replicating the 58% TREO MREC previously produced by the Australian Nuclear Science and Technology Organisation (ANSTO) and announced on 16 February 2026. The latest MREC also demonstrated increased Magnet Rare Earth Oxide (MagREO) content of 15.0% and Heavy Rare Earth (HREO) content of approximately 3.66%. These results, together with previously reported improvements across Jupiter's broader metallurgical program, continue to progressively de-risk the Jupiter processing flowsheet from beneficiation through to downstream product production. Jupiter and Mt Lindsay Scoping Studies are progressing for release in Q3 2026.