CRI: Annual Report
Original announcement by asx on
- Company
- Critica Limited
- Ticker
- CRI
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Rare earths
- Secondary commodities
- Tin, Tungsten, Gallium, Yttrium, Scandium, Iron ore
- Document categories
- Resource update, Metallurgy, Drill results
- Extracted
- 2026-09-23 23:12:25 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Critica Limited has made exceptional technical progress on its flagship Jupiter Rare Earths Project in Western Australia, delivering an updated Inferred Resource of 1.8 billion tonnes and achieving commercial-grade rare earth products with high recoveries from pilot plant testwork. The company also updated the JORC 2012 Mineral Resource for its Mt Lindsay Tin-Tungsten Project in Tasmania, reporting 19 Mt at 1.09% SnEQ, and successfully completed an $8 million capital raising to advance both projects towards Scoping Studies.
Reasoning: Critica Limited has reported significant progress in de-risking its flagship Jupiter Rare Earths Project and Mt Lindsay Tin-Tungsten Project through updated resource estimates, successful metallurgical testwork achieving commercial-grade products, and ongoing drilling, all supported by a recent capital raise, positioning the company for development.
Positive factors
- Significant resource updates for Jupiter and Mt Lindsay, including Australia's largest clay-hosted rare earth resource.
- Exceptional metallurgical results for Jupiter, achieving commercial-grade MREC and MREO with high recoveries and demonstrating co-product potential for gallium.
- Successful $8 million capital raising to fund ongoing development.
- Advancement of both flagship projects towards Scoping Studies with independent consultants.
- QP/CP sign-off for all resource estimates and metallurgical work.
Negative factors
- Jupiter's resource remains entirely in the Inferred category, limiting engineering confidence.
- Auditor's report highlights a material uncertainty related to the company's ability to continue as a going concern.
Rubric flags
- Material Uncertainty Related to Going Concern — The auditor's report highlights a material uncertainty related to the Group’s ability to continue as a going concern due to incurred losses and reliance on future funding.
Facts used in scoring: 46
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: Jupiter's resource is stated as an 'Inferred Resource of 1.8 billion tonnes', indicating a lower confidence category.
Evidence · text
“Inferred Resource of 1.8 billion tonnes”
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Jupiter MRE is entirely in the Inferred category, as stated by 'Inferred Resource of 1.8 billion tonnes'.
Evidence · text
“Inferred Resource of 1.8 billion tonnes”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document refers to 'a maiden Mineral Resource Estimate (MRE) for Jupiter', indicating it is the first formal estimate for the project.
Evidence · text
“maiden Mineral Resource Estimate (MRE) for Jupiter”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Jupiter MRE is explicitly stated as 'JORC Inferred Resource' and prepared by SRK Consulting, with QP sign-off in terms of the JORC code.
Evidence · text
“JORC Inferred Resource”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Rodney Brown of SRK Consulting is named as a Competent Person for the Jupiter MRE, and Dr. Stuart Owen for the Mt Lindsay MRE, both consenting to the inclusion of their information.
Evidence · text
“Rodney Brown is a member of the Australasian Institute of Mining and Metallurgy and has sufficient experience... to qualify as a Competent Person in terms of the JORC code. Mr. Brown consents to the inclusion in the report of the matters based on his information in the form and context in which they appear.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Jupiter MRE table clearly states various 'Cut-off TREO (ppm)' values for the resource estimates.
Evidence · table
“1,000”
Context: 1.78
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Mt Lindsay MRE includes 'Indicated' resources for the Main & No.2 and Reward deposits.
Evidence · table
“Indicated”
Context: 12
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The Mt Lindsay Mineral Resource was 'updated to a JORC 2012-compliant estimate' ahead of the Scoping Study.
Evidence · text
“the Mt Lindsay Mineral Resource was updated to a JORC 2012-compliant estimate”
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: The Mt Lindsay Sn equivalent formula explicitly states the tin metal price, APT price, and iron ore price used in the calculation.
Evidence · text
“The Sn equivalent formulae use a tin metal price of US$45,000/t, an APT (Ammonium Para Tungstate) price of US$2500/mtu (1mtu =10kgs of WO3) and a 65% iron ore price of US$115/t.”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Jupiter pilot plant achieved 'approximately 81% Magnet REO recovery' and 'approximately 71% TREO recovery', which are strong for rare earths.
Evidence · text
“approximately 81% Magnet REO recovery and approximately 71% TREO recovery”
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: Jupiter's metallurgical work involved 'Pilot plant optimisation' and Mt Lindsay had 'Pilot-scale test work'.
Evidence · text
“Pilot plant optimisation”
Recovery Improvingpositive
Recovery improved versus a like-for-like prior test program on the same domain and route.
Why it applies: The company announced that 'Jupiter pilot plant recovery had improved to approximately 81% Magnet REO'.
Evidence · text
“Jupiter pilot plant recovery had improved to approximately 81% Magnet REO”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: Mt Lindsay pilot plant results are explicitly referenced as 'refer Venture Minerals announcement to ASX dated 31 August 2012', indicating historical data.
Evidence · text
“refer Venture Minerals announcement to ASX dated 31 August 2012”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The company completed '145 infill drill holes for 7,265 metres at Jupiter' to support resource optimisation.
Evidence · text
“145 infill drill holes for 7,265 metres at Jupiter”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document mentions 'Data validation, geological interpretation and resource optimisation work were substantially completed' for drilling, implying QA/QC procedures.
Evidence · text
“Data validation, geological interpretation and resource optimisation work were substantially completed”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Regional exploration drilling at Juno and Aurora is described as 'testing mineralisation analogous to Jupiter' and 'highlight the district-scale potential'.
Evidence · text
“Regional exploration continues to highlight the district-scale potential of the Brothers Project, where Critica commenced aircore drilling at the Juno and Aurora prospects”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("concentrate")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Extracted facts
Stored fact records: 46. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Jupiter · rare_earthsIntercept: 7265 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- CRI
Geometry
- Intercept
- 7265 m
Classification
- Program
- resource
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The infill drilling program is a positive step towards de-risking the Jupiter resource by improving geological confidence and supporting mine planning.
Positive factors
- Extensive infill drilling program completed to support resource optimization and potential upgrade.
- QA/QC and QP sign-off provide confidence in data quality.
Evidence · text
“145 infill drill holes for 7,265 metres at Jupiter”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Fact 2Juno and Aurora prospects · rare_earthsIntercept: 1204 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Juno and Aurora prospects
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- CRI
Geometry
- Intercept
- 1204 m
Classification
- Program
- exploration
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: Regional drilling at Juno and Aurora demonstrates the district-scale potential of the Brothers Project and could lead to additional resource growth.
Positive factors
- Regional exploration drilling expands the potential resource footprint beyond Jupiter.
- EIS co-funding reduces capital intensity.
Evidence · text
“a further 29 holes for 1,204 metres at Juno and additional drilling across regional targets including Aurora”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (32)
inferredJupiter · rare_earthsTonnes: 3280000000Grade: 1156Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:84925800676d9a4b45bd
Resource Data
- Category
- inferred
- Tonnes
- 3280000000
- Grade
- 1156
- Grade Unit
- ppm
- Cutoff Grade
- 200
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 266
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,156”
Context: 3.28
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 3040000000Grade: 1230Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:66e22ea19de1074af5cb
Resource Data
- Category
- inferred
- Tonnes
- 3040000000
- Grade
- 1230
- Grade Unit
- ppm
- Cutoff Grade
- 300
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 283
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,230”
Context: 3.04
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 2910000000Grade: 1267Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:7c1f8ab1dbc0caeeac7a
Resource Data
- Category
- inferred
- Tonnes
- 2910000000
- Grade
- 1267
- Grade Unit
- ppm
- Cutoff Grade
- 400
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 292
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,267”
Context: 2.91
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 2690000000Grade: 1335Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:b4c824f3ab75ef0f2fba
Resource Data
- Category
- inferred
- Tonnes
- 2690000000
- Grade
- 1335
- Grade Unit
- ppm
- Cutoff Grade
- 500
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 308
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,335”
Context: 2.69
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 2440000000Grade: 1417Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:852ba155b282ea83b3db
Resource Data
- Category
- inferred
- Tonnes
- 2440000000
- Grade
- 1417
- Grade Unit
- ppm
- Cutoff Grade
- 600
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 328
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,417”
Context: 2.44
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 2220000000Grade: 1492Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:9e07b35351e5f4ebfc7e
Resource Data
- Category
- inferred
- Tonnes
- 2220000000
- Grade
- 1492
- Grade Unit
- ppm
- Cutoff Grade
- 700
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 346
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,492”
Context: 2.22
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 2060000000Grade: 1550Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:f071cebfe3ac15a6ba8e
Resource Data
- Category
- inferred
- Tonnes
- 2060000000
- Grade
- 1550
- Grade Unit
- ppm
- Cutoff Grade
- 800
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 359
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,550”
Context: 2.06
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 1910000000Grade: 1603Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:a54bb87e39cc66317b2b
Resource Data
- Category
- inferred
- Tonnes
- 1910000000
- Grade
- 1603
- Grade Unit
- ppm
- Cutoff Grade
- 900
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 372
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,603”
Context: 1.91
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 1780000000Grade: 1651Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:e38080514b30987c11bf
Resource Data
- Category
- inferred
- Tonnes
- 1780000000
- Grade
- 1651
- Grade Unit
- ppm
- Cutoff Grade
- 1000
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 383
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a 1,000 ppm cutoff represents the global resource, highlighting significant scale but with geological confidence limited to the Inferred category.
Positive factors
- Large tonnage at this cutoff grade, establishing Jupiter as Australia's largest clay-hosted rare earth resource.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,651”
Context: 1.78
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 1700000000Grade: 1679Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:6ade0a3d121d25e69a27
Resource Data
- Category
- inferred
- Tonnes
- 1700000000
- Grade
- 1679
- Grade Unit
- ppm
- Cutoff Grade
- 1100
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 389
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,679”
Context: 1.70
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 1600000000Grade: 1711Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:1d088a3528924ebc68ec
Resource Data
- Category
- inferred
- Tonnes
- 1600000000
- Grade
- 1711
- Grade Unit
- ppm
- Cutoff Grade
- 1200
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 397
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,711”
Context: 1.60
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 1240000000Grade: 1828Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:3522c53db969aa6f9cfb
Resource Data
- Category
- inferred
- Tonnes
- 1240000000
- Grade
- 1828
- Grade Unit
- ppm
- Cutoff Grade
- 1400
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 423
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,828”
Context: 1.24
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 840000000Grade: 1987Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:38193e6ba2d5517a6d47
Resource Data
- Category
- inferred
- Tonnes
- 840000000
- Grade
- 1987
- Grade Unit
- ppm
- Cutoff Grade
- 1600
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 459
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource at a low cutoff contributes to the overall tonnage but has limited confidence for development planning.
Positive factors
- Large tonnage at this cutoff grade.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“1,987”
Context: 0.84
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 520000000Grade: 2169Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:877dda9e59a794220307
Resource Data
- Category
- inferred
- Tonnes
- 520000000
- Grade
- 2169
- Grade Unit
- ppm
- Cutoff Grade
- 1800
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 499
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This high-grade Inferred resource component demonstrates the quality of the Jupiter deposit, but its classification limits immediate development confidence.
Positive factors
- High-grade component of the resource, comparable with leading global clay-hosted REE deposits.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“2,169”
Context: 0.52
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 300000000Grade: 2372Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:e6f6781a6e12211af6f7
Resource Data
- Category
- inferred
- Tonnes
- 300000000
- Grade
- 2372
- Grade Unit
- ppm
- Cutoff Grade
- 2000
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 542
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This high-grade Inferred resource component demonstrates the quality of the Jupiter deposit, but its classification limits immediate development confidence.
Positive factors
- High-grade component of the resource.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“2,372”
Context: 0.30
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredJupiter · rare_earthsTonnes: 170000000Grade: 2578Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2025-02-01T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:92fcfe0628bfa3034b63
Resource Data
- Category
- inferred
- Tonnes
- 170000000
- Grade
- 2578
- Grade Unit
- ppm
- Cutoff Grade
- 2200
- Cutoff Unit
- ppm
Prior Estimate
- Resource Date
- 2025-02-01
Metal Equivalent
- Metal Eq. Grade
- 587
- Metal Eq. Unit
- ppm MagREO
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This high-grade Inferred resource component demonstrates the quality of the Jupiter deposit, but its classification limits immediate development confidence.
Positive factors
- High-grade component of the resource.
Negative factors
- Resource is entirely in the Inferred category, limiting confidence for development.
Evidence · table
“2,578”
Context: 0.17
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMt Lindsay · tinTonnes: 12000000Grade: 0.24Grade Unit: %Contained Metal: 28000Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tin
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:c57fb880c6d0f9bca842
- Deposit or zone
- Main & No.2
Resource Data
- Category
- indicated
- Tonnes
- 12000000
- Grade
- 0.24
- Grade Unit
- %
- Contained Metal
- 28000
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Metal Eq. Grade
- 1.22
- Metal Eq. Unit
- % SnEQ
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Indicated resource for tin at Main & No.2 deposit provides a solid foundation for economic studies, supported by JORC 2012 compliance.
Positive factors
- Indicated category provides reasonable geological confidence.
- Updated to JORC 2012 standard, improving transparency and comparability.
Evidence · table
“0.24”
Context: 12
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Lindsay · tungstenTonnes: 12000000Grade: 0.17Grade Unit: %Contained Metal: 20000Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tungsten
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:c57fb880c6d0f9bca842
- Deposit or zone
- Main & No.2
Resource Data
- Category
- indicated
- Tonnes
- 12000000
- Grade
- 0.17
- Grade Unit
- %
- Contained Metal
- 20000
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Indicated resource for tungsten at Main & No.2 deposit provides a solid foundation for economic studies, supported by JORC 2012 compliance.
Positive factors
- Indicated category provides reasonable geological confidence.
- Updated to JORC 2012 standard, improving transparency and comparability.
Evidence · table
“0.17”
Context: 12
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Lindsay · iron_oreTonnes: 1500000View all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- iron_ore
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:f4a53b7855e4a9c3be38
- Deposit or zone
- Main & No.2
Resource Data
- Category
- indicated
- Tonnes
- 1500000
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The indicated iron ore tonnage represents a potential byproduct credit, adding value to the Main & No.2 deposit.
Positive factors
- Indicated category provides reasonable geological confidence for this byproduct.
- Updated to JORC 2012 standard.
Evidence · table
“1,500,000”
Context: 12
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMt Lindsay · tinTonnes: 2300000Grade: 0.16Grade Unit: %Contained Metal: 3800Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tin
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:fd7baaa22991100a3e48
- Deposit or zone
- Main & No.2
Resource Data
- Category
- inferred
- Tonnes
- 2300000
- Grade
- 0.16
- Grade Unit
- %
- Contained Metal
- 3800
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Metal Eq. Grade
- 0.85
- Metal Eq. Unit
- % SnEQ
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource for tin at Main & No.2 deposit contributes to overall tonnage but requires further drilling to improve confidence.
Positive factors
- Updated to JORC 2012 standard.
Negative factors
- Resource is in the Inferred category, limiting confidence for development.
Evidence · table
“0.16”
Context: 2.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Lindsay · tungstenTonnes: 2300000Grade: 0.12Grade Unit: %Contained Metal: 2700Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tungsten
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:fd7baaa22991100a3e48
- Deposit or zone
- Main & No.2
Resource Data
- Category
- inferred
- Tonnes
- 2300000
- Grade
- 0.12
- Grade Unit
- %
- Contained Metal
- 2700
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource for tungsten at Main & No.2 deposit contributes to overall tonnage but requires further drilling to improve confidence.
Positive factors
- Updated to JORC 2012 standard.
Negative factors
- Resource is in the Inferred category, limiting confidence for development.
Evidence · table
“0.12”
Context: 2.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Lindsay · iron_oreTonnes: 280000View all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- iron_ore
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:0b516a3b4e84e3016d20
- Deposit or zone
- Main & No.2
Resource Data
- Category
- inferred
- Tonnes
- 280000
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The inferred iron ore tonnage represents a potential byproduct credit, but its classification limits immediate economic impact.
Positive factors
- Updated to JORC 2012 standard.
Negative factors
- Resource is in the Inferred category, limiting confidence for development.
Evidence · table
“280,000”
Context: 2.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMt Lindsay · tinTonnes: 4400000Grade: 0.29Grade Unit: %Contained Metal: 13000Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tin
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:2cef64261da8925e89b8
- Deposit or zone
- Livingstone
Resource Data
- Category
- inferred
- Tonnes
- 4400000
- Grade
- 0.29
- Grade Unit
- %
- Contained Metal
- 13000
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Metal Eq. Grade
- 0.88
- Metal Eq. Unit
- % SnEQ
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource for tin at Livingstone deposit contributes to overall tonnage but requires further drilling to improve confidence.
Positive factors
- Updated to JORC 2012 standard.
Negative factors
- Resource is in the Inferred category, limiting confidence for development.
Evidence · table
“0.29”
Context: 4.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Lindsay · tungstenTonnes: 4400000Grade: 0.11Grade Unit: %Contained Metal: 4700Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tungsten
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:2cef64261da8925e89b8
- Deposit or zone
- Livingstone
Resource Data
- Category
- inferred
- Tonnes
- 4400000
- Grade
- 0.11
- Grade Unit
- %
- Contained Metal
- 4700
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource for tungsten at Livingstone deposit contributes to overall tonnage but requires further drilling to improve confidence.
Positive factors
- Updated to JORC 2012 standard.
Negative factors
- Resource is in the Inferred category, limiting confidence for development.
Evidence · table
“0.11”
Context: 4.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Lindsay · tinTonnes: 340000Grade: 0.81Grade Unit: %Contained Metal: 2700Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tin
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:0faab10d350701b37d67
- Deposit or zone
- Reward
Resource Data
- Category
- indicated
- Tonnes
- 340000
- Grade
- 0.81
- Grade Unit
- %
- Contained Metal
- 2700
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Metal Eq. Grade
- 1.06
- Metal Eq. Unit
- % SnEQ
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Indicated resource for tin at Reward deposit provides a solid foundation for economic studies, supported by JORC 2012 compliance.
Positive factors
- Indicated category provides reasonable geological confidence.
- Updated to JORC 2012 standard, improving transparency and comparability.
Evidence · table
“0.81”
Context: 0.34
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Lindsay · tungstenTonnes: 340000Grade: 0.05Grade Unit: %Contained Metal: 150Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tungsten
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:0faab10d350701b37d67
- Deposit or zone
- Reward
Resource Data
- Category
- indicated
- Tonnes
- 340000
- Grade
- 0.05
- Grade Unit
- %
- Contained Metal
- 150
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Indicated resource for tungsten at Reward deposit provides a solid foundation for economic studies, supported by JORC 2012 compliance.
Positive factors
- Indicated category provides reasonable geological confidence.
- Updated to JORC 2012 standard, improving transparency and comparability.
Evidence · table
“0.05”
Context: 0.34
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Lindsay · tinTonnes: 230000Grade: 0.78Grade Unit: %Contained Metal: 1800Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tin
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:77dac1bf251506cf9923
- Deposit or zone
- Reward
Resource Data
- Category
- inferred
- Tonnes
- 230000
- Grade
- 0.78
- Grade Unit
- %
- Contained Metal
- 1800
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Metal Eq. Grade
- 1.07
- Metal Eq. Unit
- % SnEQ
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource for tin at Reward deposit contributes to overall tonnage but requires further drilling to improve confidence.
Positive factors
- Updated to JORC 2012 standard.
Negative factors
- Resource is in the Inferred category, limiting confidence for development.
Evidence · table
“0.78”
Context: 0.23
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Lindsay · tungstenTonnes: 230000Grade: 0.05Grade Unit: %Contained Metal: 120Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tungsten
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:77dac1bf251506cf9923
- Deposit or zone
- Reward
Resource Data
- Category
- inferred
- Tonnes
- 230000
- Grade
- 0.05
- Grade Unit
- %
- Contained Metal
- 120
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: This Inferred resource for tungsten at Reward deposit contributes to overall tonnage but requires further drilling to improve confidence.
Positive factors
- Updated to JORC 2012 standard.
Negative factors
- Resource is in the Inferred category, limiting confidence for development.
Evidence · table
“0.05”
Context: 0.23
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Lindsay · tinTonnes: 19000000Grade: 0.26Grade Unit: %Contained Metal: 49000Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tin
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:3c4ca9ba11de3c827f77
Resource Data
- Category
- inferred
- Tonnes
- 19000000
- Grade
- 0.26
- Grade Unit
- %
- Contained Metal
- 49000
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Metal Eq. Grade
- 1.09
- Metal Eq. Unit
- % SnEQ
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The total resource for tin at Mt Lindsay shows significant scale and is JORC 2012 compliant, but the overall confidence is tempered by the Inferred component.
Positive factors
- Significant total contained metal for tin.
- Updated to JORC 2012 standard, improving transparency and comparability.
Negative factors
- A significant portion of the total resource is in the Inferred category, limiting confidence for development.
Evidence · table
“0.26”
Context: 19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Lindsay · tungstenTonnes: 19000000Grade: 0.15Grade Unit: %Contained Metal: 28000Contained Unit: tView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tungsten
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:3c4ca9ba11de3c827f77
Resource Data
- Category
- inferred
- Tonnes
- 19000000
- Grade
- 0.15
- Grade Unit
- %
- Contained Metal
- 28000
- Contained Unit
- t
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The total resource for tungsten at Mt Lindsay shows significant scale and is JORC 2012 compliant, but the overall confidence is tempered by the Inferred component.
Positive factors
- Significant total contained metal for tungsten.
- Updated to JORC 2012 standard, improving transparency and comparability.
Negative factors
- A significant portion of the total resource is in the Inferred category, limiting confidence for development.
Evidence · table
“0.15”
Context: 19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Lindsay · iron_oreTonnes: 1800000View all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- iron_ore
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Effective date
- 2026-09-14T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr. Stuart Owen
- Resource group id
- resource:66c90e008622f9fac0c4
Resource Data
- Category
- inferred
- Tonnes
- 1800000
- Cutoff Grade
- 0.4
- Cutoff Unit
- % SnEQ
Prior Estimate
- Resource Date
- 2026-09-14
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The total inferred iron ore tonnage represents a potential byproduct credit, but its classification limits immediate economic impact.
Positive factors
- Potential byproduct credit.
- Updated to JORC 2012 standard.
Negative factors
- Resource is in the Inferred category, limiting confidence for development.
Evidence · table
“1,800,000”
Context: 19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 32View all detailsHide details
Identity
- Ticker
- CRI
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The $8 million capital raise provides essential funding to advance the company's critical minerals projects and supports its transition from explorer to developer.
Positive factors
- Successful capital raise provides funding for ongoing development activities.
- Strengthens the company's financial position.
Evidence · text
“completion of an $8 million capital raising during the period”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (12)
pilot plantJupiter · rare_earthsRecovery: 71 %Head Grade: 2137Head Grade Unit: ppm TREOView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Test Work
- Program Status
- optimization
- Test Type
- pilot plant
- Processing Route
- beneficiation
Recovery
- Recovery
- 71 %
- Recovery Basis
- actual_test
- Head Grade
- 2137
- Head Grade Unit
- ppm TREO
- Conc. Grade
- 3
- Conc. Grade Unit
- % TREO
- Mass Pull
- 5 %
Lab
- Laboratory
- ANSTO, Minutech–AMML, Phenikaa University
- Consultant
- Sedgman, Snowden Optiro, SRK Consulting
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The pilot plant beneficiation results are highly positive, demonstrating a viable and efficient pathway to upgrade Jupiter's rare earth ore to a high-grade concentrate.
Positive factors
- Pilot plant scale testwork provides high confidence in results.
- Significant upgrade ratio (14x) and high mass rejection demonstrate efficient beneficiation.
- Strong TREO recovery for the beneficiation stage.
Evidence · text
“Pilot plant optimisation upgraded feed material approximately 14×, from a representative feed grade of approximately 2,137 ppm TREO to an intermediate concentrate grading approximately 3% TREO – at approximately 90–95% mass rejection. Strong recoveries were maintained, including approximately 81% Magnet REO recovery and approximately 71% TREO recovery.”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
pilot plantJupiter · magnet_rare_earthsRecovery: 81 %View all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- magnet_rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Test Work
- Program Status
- optimization
- Test Type
- pilot plant
- Processing Route
- beneficiation
Recovery
- Recovery
- 81 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ANSTO, Minutech–AMML, Phenikaa University
- Consultant
- Sedgman, Snowden Optiro, SRK Consulting
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The high recovery of magnet rare earth oxides at pilot plant scale is a critical positive for the project's economic viability, demonstrating efficient capture of the most valuable components.
Positive factors
- Exceptional recovery for high-value magnet rare earth oxides at pilot plant scale.
- Pilot plant scale testwork provides high confidence in results.
Evidence · text
“Strong recoveries were maintained, including approximately 81% Magnet REO recovery”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
pilot plantJupiter · neodymiumRecovery: 74.5 %View all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- neodymium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Test Work
- Program Status
- optimization
- Test Type
- pilot plant
- Processing Route
- beneficiation
Recovery
- Recovery
- 74.5 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ANSTO, Minutech–AMML, Phenikaa University
- Consultant
- Sedgman, Snowden Optiro, SRK Consulting
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The strong individual recovery of neodymium oxide contributes significantly to the overall value proposition of the Jupiter project.
Positive factors
- Strong individual recovery for a key magnet rare earth oxide.
- Pilot plant scale testwork provides high confidence in results.
Evidence · text
“Individual recoveries for key magnet rare earth oxides varied by element, include Nd₂O₃ 74.5%”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
pilot plantJupiter · dysprosiumRecovery: 74.7 %View all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- dysprosium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Test Work
- Program Status
- optimization
- Test Type
- pilot plant
- Processing Route
- beneficiation
Recovery
- Recovery
- 74.7 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ANSTO, Minutech–AMML, Phenikaa University
- Consultant
- Sedgman, Snowden Optiro, SRK Consulting
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The strong individual recovery of dysprosium oxide contributes significantly to the overall value proposition of the Jupiter project.
Positive factors
- Strong individual recovery for a key magnet rare earth oxide.
- Pilot plant scale testwork provides high confidence in results.
Evidence · text
“Dy₂O₃ 74.7%”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
pilot plantJupiter · praseodymiumRecovery: 69.3 %View all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- praseodymium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Test Work
- Program Status
- optimization
- Test Type
- pilot plant
- Processing Route
- beneficiation
Recovery
- Recovery
- 69.3 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ANSTO, Minutech–AMML, Phenikaa University
- Consultant
- Sedgman, Snowden Optiro, SRK Consulting
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The good individual recovery of praseodymium oxide contributes to the overall value proposition of the Jupiter project.
Positive factors
- Good individual recovery for a key magnet rare earth oxide.
- Pilot plant scale testwork provides high confidence in results.
Evidence · text
“Pr₆O₁₁ 69.3%”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
pilot plantJupiter · terbiumRecovery: 65.9 %View all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- terbium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Test Work
- Program Status
- optimization
- Test Type
- pilot plant
- Processing Route
- beneficiation
Recovery
- Recovery
- 65.9 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ANSTO, Minutech–AMML, Phenikaa University
- Consultant
- Sedgman, Snowden Optiro, SRK Consulting
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The good individual recovery of terbium oxide contributes to the overall value proposition of the Jupiter project.
Positive factors
- Good individual recovery for a key magnet rare earth oxide.
- Pilot plant scale testwork provides high confidence in results.
Evidence · text
“Tb₄O₇ 65.9%”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
hydrometallurgical testworkJupiter · rare_earthsRecovery: 71 %View all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Test Work
- Program Status
- optimization
- Test Type
- hydrometallurgical testwork
- Processing Route
- hydrometallurgical circuit
Recovery
- Recovery
- 71 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ANSTO, Minutech–AMML, Phenikaa University
- Consultant
- Sedgman, Snowden Optiro, SRK Consulting
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The hydrometallurgical testwork confirms strong overall rare earth recovery, validating the chosen processing flowsheet for Jupiter.
Positive factors
- Strong TREO recovery from hydrometallurgical testwork.
- Demonstrates effectiveness of the beneficiation-first flowsheet.
Evidence · text
“Hydrometallurgical testwork achieved recoveries of up to approximately 71% TREO”
hydrometallurgical testworkJupiter · magnet_rare_earthsRecovery: 76 %View all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- magnet_rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Test Work
- Program Status
- optimization
- Test Type
- hydrometallurgical testwork
- Processing Route
- hydrometallurgical circuit
Recovery
- Recovery
- 76 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ANSTO, Minutech–AMML, Phenikaa University
- Consultant
- Sedgman, Snowden Optiro, SRK Consulting
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The hydrometallurgical testwork confirms strong magnet rare earth recovery, validating the chosen processing flowsheet for Jupiter.
Positive factors
- Strong Magnet REO recovery from hydrometallurgical testwork.
- Demonstrates effectiveness of the beneficiation-first flowsheet.
Evidence · text
“up to approximately 76% Magnet REO”
hydrometallurgical testworkJupiter · galliumRecovery: 63 %View all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- gallium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Test Work
- Program Status
- preliminary
- Test Type
- hydrometallurgical testwork
- Processing Route
- hydrometallurgical circuit
Recovery
- Recovery
- 63 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- ANSTO, Minutech–AMML, Phenikaa University
- Consultant
- Sedgman, Snowden Optiro, SRK Consulting
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The demonstrated gallium extraction adds a significant potential value stream to the Jupiter project, enhancing its overall economics.
Positive factors
- Significant gallium extraction demonstrates potential for a valuable co-product.
- Utilizes the same flowsheet as rare earth recovery, simplifying integration.
Evidence · text
“Previous testwork demonstrated approximately 63% gallium extraction into solution using the same hydrometallurgical flowsheet developed for rare earth recovery”
pilot plantMt Lindsay · tinRecovery: 72 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tin
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Test Work
- Program Status
- detailed
- Test Type
- pilot plant
- Processing Route
- gravity separation
Recovery
- Recovery
- 72 %
- Recovery Basis
- actual_test
- Conc. Grade
- 45
- Conc. Grade Unit
- % Sn
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2012-08-31T00:00:00.000Z
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: Historical pilot plant results demonstrate a viable processing route for tin, but current relevance needs to be re-evaluated.
Positive factors
- Strong tin recovery and high concentrate grade from pilot-scale testwork.
Negative factors
- Results are historical, reducing novelty.
Evidence · text
“Pilot-scale test work on approximately 3 tonnes of representative Main and No.2 deposit material produced a 45% Sn concentrate at an overall tin recovery of 72%”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
pilot plantMt Lindsay · tungstenRecovery: 83 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- tungsten
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Test Work
- Program Status
- detailed
- Test Type
- pilot plant
- Processing Route
- gravity separation
Recovery
- Recovery
- 83 %
- Recovery Basis
- actual_test
- Conc. Grade
- 66
- Conc. Grade Unit
- % WO₃
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2012-08-31T00:00:00.000Z
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: Historical pilot plant results demonstrate a viable processing route for tungsten, but current relevance needs to be re-evaluated.
Positive factors
- Strong tungsten recovery and high concentrate grade from pilot-scale testwork.
Negative factors
- Results are historical, reducing novelty.
Evidence · text
“a tungsten concentrate exceeding 66% WO₃ at an overall tungsten recovery of 83% to APT”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
pilot plantMt Lindsay · iron_oreRecovery: 98 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Lindsay
- Commodity
- iron_ore
- Region
- australia_tas
- Reported Region
- Tasmania
- Ticker
- CRI
Test Work
- Program Status
- detailed
- Test Type
- pilot plant
- Processing Route
- gravity separation
Recovery
- Recovery
- 98 %
- Recovery Basis
- actual_test
- Conc. Grade
- 65
- Conc. Grade Unit
- % Fe
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2012-08-31T00:00:00.000Z
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: Historical pilot plant results demonstrate a viable processing route for iron ore as a byproduct, but current relevance needs to be re-evaluated.
Positive factors
- Very high iron ore recovery and good concentrate grade from pilot-scale testwork.
Negative factors
- Results are historical, reducing novelty.
Evidence · text
“a 65% Fe Iron Ore at 98% recovery (refer Venture Minerals announcement to ASX dated 31 August 2012)”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.