CRI: Jupiter Delivers First 160Mt Indicated Rare Earth Resource

Original announcement by asx on

Company
CRITICA LIMITED
Ticker
CRI
Exchange
ASX
Region
Western Australia
Primary commodity
Rare earths
Secondary commodities
Gallium, Scandium, Iron ore
Document categories
Resource update, Metallurgy
Extracted
2026-10-11 22:26:02 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Critica Limited announced its first Indicated Mineral Resource for the Jupiter Rare Earths Project, delineating 160 million tonnes at 1,700 ppm TREO. This update represents a significant category upgrade, with approximately 10% of the total resource now classified as Indicated, following infill drilling. Pilot-scale metallurgical testwork achieved 81% MagREO and 71% TREO recoveries, supporting the project's economic viability despite a slight decrease in overall resource tonnage and contained metal compared to the previous estimate.

Reasoning: The company delivered its first Indicated Mineral Resource, representing a significant category upgrade and de-risking of the project, supported by pilot-scale metallurgical testwork. However, the overall resource tonnage and contained metal decreased, and the majority remains in the Inferred category, with recoveries below general rare earth thresholds for their complex ore type.

Positive factors

  • First Indicated Resource
  • Category Upgrade
  • Pilot Scale Complete
  • Multi-Domain Tested
  • QP/CP Signed
  • JORC Compliant
  • Cut-off Disclosed

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline
  • Low Recovery
  • Refractory Ore

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 43

Classification and evidence

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The document reports a new Indicated Mineral Resource, which is a higher confidence category than Inferred.

Evidence · text

“JUPITER DELIVERS FIRST 160 MT INDICATED MINERAL RESOURCE”

Category Upgradepositive

Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: The announcement details the establishment of the first Indicated Mineral Resource, upgrading a portion of the previously Inferred resource.

Evidence · text

“The delivery of Jupiter’s first Indicated Mineral Resource is an important milestone for the Project”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: The resource estimate is signed off by Mr Rodney Brown of SRK Consulting, Dr Stuart Owen, and Dr Natalee Bonnici, who are members of recognized professional associations.

Evidence · text

“Mr Rodney Brown of SRK Consulting (Australasia) Pty Ltd. Mr Brown is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient relevant experience to qualify as a Competent Person under the JORC Code.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The resource estimate clearly states a 1,000 ppm TREO lower cut-off grade.

Evidence · text

“Mineral Resources are reported at a 1,000 ppm TREO lower cut-off grade.”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The resource estimate was prepared in accordance with the JORC Code (2012 Edition).

Evidence · text

“The updated Jupiter Mineral Resource Estimate (“MRE”) was prepared independently by SRK Consulting following infill drilling on a 125 m x 125 m grid across approximately 3.3 km² of the 42 km² Jupiter Resource footprint.”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The majority of the updated resource remains classified as Inferred.

Evidence · text

“the vast majority of the Jupiter Resource remains classified as Inferred.”

All Inferrednegative

100% of resource is Inferred category — very early stage, no engineering confidence.

Why it applies: The majority of the resource (1.5 Bt out of 1.7 Bt total) is still in the Inferred category.

Evidence · text

“The balance of the Resource remains classified as Inferred, reflecting the broader drill spacing outside the infill-drilled area.”

Tonnage Declinenegative

Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: The total resource tonnage decreased from 1.8 Bt to 1.7 Bt compared to the previous estimate.

Evidence · text

“The February 2025 MRE comprised 1.8 Bt at 1,700 ppm TREO, entirely classified as Inferred. The updated MRE comprises 160 Mt at 1,700 ppm TREO Indicated and 1.5 Bt at 1,700 ppm TREO Inferred, for a total of 1.7 Bt at 1,700 ppm TREO.”

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: The total contained metal decreased from 3.06 Mt TREO to 2.89 Mt TREO due to the tonnage reduction.

Evidence · text

“The February 2025 MRE comprised 1.8 Bt at 1,700 ppm TREO, entirely classified as Inferred. The updated MRE comprises 160 Mt at 1,700 ppm TREO Indicated and 1.5 Bt at 1,700 ppm TREO Inferred, for a total of 1.7 Bt at 1,700 ppm TREO.”

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: This is the first Indicated Mineral Resource for the project, establishing a new baseline for confidence.

Evidence · text

“JUPITER DELIVERS FIRST 160 MT INDICATED MINERAL RESOURCE”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The announcement provides an updated Mineral Resource Estimate for the Jupiter project, superseding a previous estimate.

Evidence · text

“Critica is pleased to announce an updated Mineral Resource Estimate (“MRE”) for the Jupiter Rare Earths Project”

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: The reported TREO recovery of 71% and MagREO recovery of 81% are below the weak threshold of 80% for general rare earth recovery, despite the company framing them positively for their ore type.

Evidence · text

“Pilot-scale closed-circuit optimisation test work achieved recoveries of 81% for MagREO and 71% for TREO”

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: Pilot-scale closed-circuit optimisation test work has been completed, representing a high level of metallurgical test maturity.

Evidence · text

“Pilot-scale closed-circuit optimisation test work achieved recoveries of 81% for MagREO and 71% for TREO”

Refractory Orenegative

Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: The REE mineralisation is hosted by hydrated phosphate minerals and is described as unlikely to be amenable to weak-acid leaching, requiring a more complex process flowsheet including acid baking.

Evidence · text

“Microanalysis indicates that REE mineralisation at Jupiter is largely hosted by hydrated phosphate minerals... and is therefore unlikely to be amenable to the weak-acid leaching processes typically applied to ionic adsorption clay deposits.”

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: Metallurgical testwork included samples representing four main material types, indicating variability across ore domains has been addressed.

Evidence · text

“Bulk open-circuit test work completed on 100 kg samples representing the four main material types”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a flotation route ("flotation")

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Extracted facts

Stored fact records: 43. Some facts used in scoring do not have a stored record.

Resource Estimates (41)

indicatedJupiter Rare Earths Project · rare_earthsTonnes: 160000000Grade: 1700Grade Unit: ppmContained Metal: 272000Contained Unit: tView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
rare_earths
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
1700
Grade Unit
ppm
Contained Metal
272000
Contained Unit
t
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade
  • Contained Metal Growth

Evidence · table

“1,700”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · rare_earthsTonnes: 1500000000Grade: 1700Grade Unit: ppmContained Metal: 2550000Contained Unit: tView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
rare_earths
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
1700
Grade Unit
ppm
Contained Metal
2550000
Contained Unit
t
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“1,700”

Context: 1,500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · rare_earthsTonnes: 1800000000Grade: 1700Grade Unit: ppmContained Metal: 3060000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
rare_earths
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:9474e82fb4d4f7272c5f

Resource Data

Category
inferred
Tonnes
1800000000
Grade
1700
Grade Unit
ppm
Contained Metal
3060000
Contained Unit
t
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2025-02-11

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-11T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a restatement of the prior resource estimate for comparison purposes, not new information.

Evidence · table

“1.8 Bt”

Context: 1.8 Bt

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · mreoTonnes: 160000000Grade: 420Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
mreo
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
420
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“420”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · mreoTonnes: 1500000000Grade: 380Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
mreo
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
380
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“380”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · la2o3Tonnes: 160000000Grade: 320Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
la2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
320
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“320”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · la2o3Tonnes: 1500000000Grade: 350Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
la2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
350
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“350”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · ceo2Tonnes: 160000000Grade: 750Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
ceo2
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
750
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“750”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · ceo2Tonnes: 1500000000Grade: 770Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
ceo2
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
770
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“770”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · pr6o11Tonnes: 160000000Grade: 84Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
pr6o11
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
84
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“84”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · pr6o11Tonnes: 1500000000Grade: 82Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
pr6o11
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
82
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“82”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · nd2o3Tonnes: 160000000Grade: 310Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
nd2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
310
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“310”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · nd2o3Tonnes: 1500000000Grade: 280Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
nd2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
280
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“280”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · sm2o3Tonnes: 160000000Grade: 49Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
sm2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
49
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“49”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · sm2o3Tonnes: 1500000000Grade: 41Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
sm2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
41
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“41”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · eu2o3Tonnes: 160000000Grade: 10Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
eu2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
10
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“10”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · eu2o3Tonnes: 1500000000Grade: 8Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
eu2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
8
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“8”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · gd2o3Tonnes: 160000000Grade: 31Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
gd2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
31
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“31”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · gd2o3Tonnes: 1500000000Grade: 25Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
gd2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
25
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“25”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · tb4o7Tonnes: 160000000Grade: 4Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
tb4o7
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
4
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“4”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · tb4o7Tonnes: 1500000000Grade: 3Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
tb4o7
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
3
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“3”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · dy2o3Tonnes: 160000000Grade: 18Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
dy2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
18
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“18”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · dy2o3Tonnes: 1500000000Grade: 14Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
dy2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
14
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“14”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · ho2o3Tonnes: 160000000Grade: 3Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
ho2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
3
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“3”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · ho2o3Tonnes: 1500000000Grade: 2Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
ho2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
2
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“2”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · er2o3Tonnes: 160000000Grade: 8Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
er2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
8
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“8”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · er2o3Tonnes: 1500000000Grade: 6Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
er2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
6
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“6”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · tm2o3Tonnes: 160000000Grade: 1Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
tm2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
1
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“1”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · tm2o3Tonnes: 1500000000Grade: 1Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
tm2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
1
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“1”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · yb2o3Tonnes: 160000000Grade: 6Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
yb2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
6
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“6”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · yb2o3Tonnes: 1500000000Grade: 5Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
yb2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
5
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“5”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · lu2o3Tonnes: 160000000Grade: 1Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
lu2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
1
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“1”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · lu2o3Tonnes: 1500000000Grade: 1Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
lu2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
1
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“1”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · y2o3Tonnes: 160000000Grade: 89Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
y2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
89
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“89”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · y2o3Tonnes: 1500000000Grade: 72Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
y2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
72
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“72”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · sc2o3Tonnes: 160000000Grade: 45Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
sc2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
45
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“45”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · sc2o3Tonnes: 1500000000Grade: 36Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
sc2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
36
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“36”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · ga2o3Tonnes: 160000000Grade: 40Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
ga2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
40
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“40”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · ga2o3Tonnes: 1500000000Grade: 40Grade Unit: ppmView all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
ga2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
40
Grade Unit
ppm
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“40”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJupiter Rare Earths Project · iron_oreTonnes: 160000000Grade: 11Grade Unit: %View all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:7d3714c2d382dc0388a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
160000000
Grade
11
Grade Unit
%
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is the first Indicated Mineral Resource for the project, representing a significant de-risking and category upgrade, with substantial contained metal.

Positive factors

  • First Indicated Resource
  • Category Upgrade

Evidence · table

“11”

Context: 160

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJupiter Rare Earths Project · iron_oreTonnes: 1500000000Grade: 7.5Grade Unit: %View all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Stuart Owen, Dr Natalee Bonnici, Mr Rodney Brown
Resource group id
resource:bada39fef3881fd48fc3
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000000
Grade
7.5
Grade Unit
%
Cutoff Grade
1000
Cutoff Unit
ppm TREO

Prior Estimate

Resource Date
2026-07-06

Lab

Laboratory
ALS, Intertek, Bureau Veritas

Location

Loc. Confidence
medium

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: While part of an updated MRE, this large portion remains in the Inferred category, and the overall inferred tonnage has decreased compared to the prior estimate.

Negative factors

  • All Inferred
  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“7.5”

Context: 1500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

Metallurgical Results (2)

pilot plantJupiter Rare Earths Project · magreoRecovery: 81 %View all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
magreo
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Test Work

Program Status
optimization
Test Type
pilot plant
Processing Route
beneficiation to produce an REE phosphate mineral concentrate, followed by acid baking, water leaching, impurity removal and precipitation of rare earth oxide or carbonate products

Recovery

Recovery
81 %
Recovery Basis
actual_test
Conc. Grade
3
Conc. Grade Unit
% TREO

Lab

Laboratory
GAVAQ Solutions, Minutech, AMML, ANSTO

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: Pilot-scale testwork achieved 81% MagREO recovery, which the company views as positive for their complex ore type, demonstrating progress towards economic extraction.

Positive factors

  • Pilot Scale Complete
  • Multi-Domain Tested

Negative factors

  • Low Recovery
  • Refractory Ore

Evidence · text

“Pilot-scale closed-circuit optimisation test work achieved recoveries of 81% for MagREO”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: test_type names pilot-scale work

Byproduct Commodityneutral

The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

pilot plantJupiter Rare Earths Project · treoRecovery: 71 %View all details
Link to this fact

Identity

Project
Jupiter Rare Earths Project
Commodity
treo
Region
australia_wa
Reported Region
Western Australia
Ticker
CRI

Test Work

Program Status
optimization
Test Type
pilot plant
Processing Route
beneficiation to produce an REE phosphate mineral concentrate, followed by acid baking, water leaching, impurity removal and precipitation of rare earth oxide or carbonate products

Recovery

Recovery
71 %
Recovery Basis
actual_test
Conc. Grade
3
Conc. Grade Unit
% TREO

Lab

Laboratory
GAVAQ Solutions, Minutech, AMML, ANSTO

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: Pilot-scale testwork achieved 71% TREO recovery, which the company views as positive for their complex ore type, demonstrating progress towards economic extraction.

Positive factors

  • Pilot Scale Complete
  • Multi-Domain Tested

Negative factors

  • Low Recovery
  • Refractory Ore

Evidence · text

“and 71% for TREO, producing a concentrate grading approximately 3% TREO.”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: test_type names pilot-scale work

Byproduct Commodityneutral

The tested commodity is a byproduct rather than the primary economic driver.

Why it applies: the release describes a byproduct credit

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.