# CRI: Annual Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143114 Publisher: asx Original announcement: 2026-09-23T22:25:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-23T23:12:24.683Z Atlas analysis updated: 2026-09-23T23:12:24.683Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Significant resource updates for Jupiter and Mt Lindsay, including Australia's largest clay-hosted rare earth resource. - Positive factor: Exceptional metallurgical results for Jupiter, achieving commercial-grade MREC and MREO with high recoveries and demonstrating co-product potential for gallium. - Positive factor: Successful $8 million capital raising to fund ongoing development. - Positive factor: Advancement of both flagship projects towards Scoping Studies with independent consultants. - Positive factor: QP/CP sign-off for all resource estimates and metallurgical work. - Negative factor: Jupiter's resource remains entirely in the Inferred category, limiting engineering confidence. - Negative factor: Auditor's report highlights a material uncertainty related to the company's ability to continue as a going concern. - Rubric flag: 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 Resource** Polarity: negative Definition: 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 Inferred** Polarity: negative Definition: 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 Resource** Polarity: neutral Definition: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: 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 Opaque** Polarity: negative Definition: 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 Recovery** Polarity: positive Definition: 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 Complete** Polarity: positive Definition: 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 Improving** Polarity: positive Definition: 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-release** Polarity: negative Definition: 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 Drilling** Polarity: neutral Definition: 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 Disclosed** Polarity: positive Definition: 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 Extension** Polarity: positive Definition: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) **Gravity Route** Polarity: neutral Definition: 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 1 [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-drill-facts-31) Jupiter · rare\_earths Needs review: drill\_no\_hole\_id #### 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 factor: Extensive infill drilling program completed to support resource optimization and potential upgrade. - Positive factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-drill-facts-32) Juno and Aurora prospects · rare\_earths Needs review: drill\_no\_hole\_id #### 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 factor: Regional exploration drilling expands the potential resource footprint beyond Jupiter. - Positive factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (32) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-0) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,156 Context: 3.28 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-1) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,230 Context: 3.04 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-2) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,267 Context: 2.91 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-3) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,335 Context: 2.69 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-4) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,417 Context: 2.44 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-5) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,492 Context: 2.22 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-6) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,550 Context: 2.06 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-7) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,603 Context: 1.91 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-8) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade, establishing Jupiter as Australia's largest clay-hosted rare earth resource. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,651 Context: 1.78 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-9) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,679 Context: 1.70 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-10) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,711 Context: 1.60 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-11) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,828 Context: 1.24 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-12) Jupiter · rare\_earths #### 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 factor: Large tonnage at this cutoff grade. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 1,987 Context: 0.84 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-13) Jupiter · rare\_earths #### 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 factor: High-grade component of the resource, comparable with leading global clay-hosted REE deposits. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 2,169 Context: 0.52 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-14) Jupiter · rare\_earths #### 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 factor: High-grade component of the resource. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 2,372 Context: 0.30 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-15) Jupiter · rare\_earths #### 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 factor: High-grade component of the resource. - Negative factor: Resource is entirely in the Inferred category, limiting confidence for development. Evidence · table > 2,578 Context: 0.17 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-16) Mt Lindsay · tin #### 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 factor: Indicated category provides reasonable geological confidence. - Positive factor: Updated to JORC 2012 standard, improving transparency and comparability. Evidence · table > 0.24 Context: 12 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-17) Mt Lindsay · tungsten #### 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 factor: Indicated category provides reasonable geological confidence. - Positive factor: Updated to JORC 2012 standard, improving transparency and comparability. Evidence · table > 0.17 Context: 12 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-18) Mt Lindsay · iron\_ore #### 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 factor: Indicated category provides reasonable geological confidence for this byproduct. - Positive factor: Updated to JORC 2012 standard. Evidence · table > 1,500,000 Context: 12 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-19) Mt Lindsay · tin #### 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 factor: Updated to JORC 2012 standard. - Negative factor: Resource is in the Inferred category, limiting confidence for development. Evidence · table > 0.16 Context: 2.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-20) Mt Lindsay · tungsten #### 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 factor: Updated to JORC 2012 standard. - Negative factor: Resource is in the Inferred category, limiting confidence for development. Evidence · table > 0.12 Context: 2.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-21) Mt Lindsay · iron\_ore #### 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 factor: Updated to JORC 2012 standard. - Negative factor: Resource is in the Inferred category, limiting confidence for development. Evidence · table > 280,000 Context: 2.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-22) Mt Lindsay · tin #### 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 factor: Updated to JORC 2012 standard. - Negative factor: Resource is in the Inferred category, limiting confidence for development. Evidence · table > 0.29 Context: 4.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-23) Mt Lindsay · tungsten #### 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 factor: Updated to JORC 2012 standard. - Negative factor: Resource is in the Inferred category, limiting confidence for development. Evidence · table > 0.11 Context: 4.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-24) Mt Lindsay · tin #### 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 factor: Indicated category provides reasonable geological confidence. - Positive factor: Updated to JORC 2012 standard, improving transparency and comparability. Evidence · table > 0.81 Context: 0.34 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-25) Mt Lindsay · tungsten #### 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 factor: Indicated category provides reasonable geological confidence. - Positive factor: Updated to JORC 2012 standard, improving transparency and comparability. Evidence · table > 0.05 Context: 0.34 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-26) Mt Lindsay · tin #### 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 factor: Updated to JORC 2012 standard. - Negative factor: Resource is in the Inferred category, limiting confidence for development. Evidence · table > 0.78 Context: 0.23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-27) Mt Lindsay · tungsten #### 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 factor: Updated to JORC 2012 standard. - Negative factor: Resource is in the Inferred category, limiting confidence for development. Evidence · table > 0.05 Context: 0.23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-28) Mt Lindsay · tin #### 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 factor: Significant total contained metal for tin. - Positive factor: Updated to JORC 2012 standard, improving transparency and comparability. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-29) Mt Lindsay · tungsten #### 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 factor: Significant total contained metal for tungsten. - Positive factor: Updated to JORC 2012 standard, improving transparency and comparability. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-30) Mt Lindsay · iron\_ore #### 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 factor: Potential byproduct credit. - Positive factor: Updated to JORC 2012 standard. - Negative factor: Resource is in the Inferred category, limiting confidence for development. Evidence · table > 1,800,000 Context: 19 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 32 [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-resource-facts-45) #### 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 factor: Successful capital raise provides funding for ongoing development activities. - Positive factor: Strengthens the company's financial position. Evidence · text > completion of an $8 million capital raising during the period #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: 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 plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-33) Jupiter · rare\_earths #### 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 factor: Pilot plant scale testwork provides high confidence in results. - Positive factor: Significant upgrade ratio \(14x\) and high mass rejection demonstrate efficient beneficiation. - Positive factor: 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 Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work ### pilot plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-34) Jupiter · magnet\_rare\_earths #### 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 factor: Exceptional recovery for high-value magnet rare earth oxides at pilot plant scale. - Positive factor: 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 Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work ### pilot plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-35) Jupiter · neodymium #### 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 factor: Strong individual recovery for a key magnet rare earth oxide. - Positive factor: 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 Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work ### pilot plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-36) Jupiter · dysprosium #### 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 factor: Strong individual recovery for a key magnet rare earth oxide. - Positive factor: Pilot plant scale testwork provides high confidence in results. Evidence · text > Dy₂O₃ 74.7% #### Tags used in scoring **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work ### pilot plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-37) Jupiter · praseodymium #### 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 factor: Good individual recovery for a key magnet rare earth oxide. - Positive factor: Pilot plant scale testwork provides high confidence in results. Evidence · text > Pr₆O₁₁ 69.3% #### Tags used in scoring **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work ### pilot plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-38) Jupiter · terbium #### 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 factor: Good individual recovery for a key magnet rare earth oxide. - Positive factor: Pilot plant scale testwork provides high confidence in results. Evidence · text > Tb₄O₇ 65.9% #### Tags used in scoring **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work ### hydrometallurgical testwork [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-39) Jupiter · rare\_earths #### 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 factor: Strong TREO recovery from hydrometallurgical testwork. - Positive factor: Demonstrates effectiveness of the beneficiation-first flowsheet. Evidence · text > Hydrometallurgical testwork achieved recoveries of up to approximately 71% TREO ### hydrometallurgical testwork [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-40) Jupiter · magnet\_rare\_earths #### 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 factor: Strong Magnet REO recovery from hydrometallurgical testwork. - Positive factor: Demonstrates effectiveness of the beneficiation-first flowsheet. Evidence · text > up to approximately 76% Magnet REO ### hydrometallurgical testwork [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-41) Jupiter · gallium #### 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 factor: Significant gallium extraction demonstrates potential for a valuable co-product. - Positive factor: 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 plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-42) Mt Lindsay · tin Historical result Needs review: historical\_restatement #### 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 factor: Strong tin recovery and high concentrate grade from pilot-scale testwork. - Negative factor: 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 Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work ### pilot plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-43) Mt Lindsay · tungsten Historical result Needs review: historical\_restatement #### 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 factor: Strong tungsten recovery and high concentrate grade from pilot-scale testwork. - Negative factor: 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 Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work ### pilot plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-annual-report--9bb2f1cd-2814-422a-b7f9-9209ef2c4139#fact-metallurgical-facts-44) Mt Lindsay · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: Very high iron ore recovery and good concentrate grade from pilot-scale testwork. - Negative factor: 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 Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: processing\_route matches the gravity signal **Pilot Scale Complete** Polarity: positive Definition: 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.