Mt Lindsay Study Delivers Strong Tungsten and Tin Economics

• Strong economics with pre-tax NPV of A$1.42 billion and IRR of 65%
• Tungsten as principal revenue contributor, accounting for 75% of modelled revenue
• Capital-efficient development with estimated pre-production capital of A$244.5 million

Critica Limited (ASX: CRI) has announced the outcomes of the Scoping Study for its Mt Lindsay Tin-Tungsten Project in north-west Tasmania. The study outlines an underground development pathway for the project, with significant exposure to tin and tungsten. The base case scenario generates a pre-tax NPV of approximately A$1.42 billion, a pre-tax IRR of approximately 65%, and an after-tax payback period of approximately 1.9 years, against pre-production capital of approximately A$244.5 million. Tungsten is the principal revenue contributor, accounting for approximately 75% of modelled life-of-mine revenue. The project is located within an established Tasmanian mining region, with existing road access, proximity to established hydroelectric power infrastructure, and access to export infrastructure at Burnie.

Pre-tax NPV of approximately A$1.42 billion, IRR of approximately 65%, after-tax payback period of approximately 1.9 years

Critica plans to advance Mt Lindsay from the Scoping Study into a Definitive Feasibility Study, subject to successful completion of further studies, approvals, and securing required funding.