Critica Ltd Announces First Indicated Mineral Resource at Jupiter
Key points
- First Indicated Mineral Resource of 160 Mt at 1,700 ppm TREO established
- Approximately 10% of the Jupiter Resource tonnage is now Indicated
- Magnet rare earth oxides (MREO) represent approximately 25% of TREO within the Indicated Mineral Resource
Full summary
Critica Limited (ASX: CRI) has announced an updated Mineral Resource Estimate (MRE) for its Jupiter Rare Earths Project in Western Australia. The updated MRE, prepared by SRK Consulting, incorporates the results of infill drilling on a 125 m x 125 m grid across approximately 10% of the Jupiter Resource area. The infill drilling has established an Indicated Mineral Resource of 160 Mt at 1,700 ppm Total Rare Earth Oxides (TREO), representing approximately 10% of the total Jupiter Resource tonnage at a 1,000 ppm TREO lower cut-off. This update increases confidence in the geological and grade continuity within the infill-drilled area. The Indicated Resource contains a strong contribution from key magnet rare earths, which represent approximately 25% of TREO. The Jupiter Scoping Study is progressing and will be released shortly.
Outlook
The Jupiter Scoping Study is progressing and will be released shortly, providing further insights into the project's potential.
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