# CRI: Jupiter Delivers First 160Mt Indicated Rare Earth Resource Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03150890 Publisher: asx Original announcement: 2026-10-11T21:19:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-11T22:26:01.838Z Atlas analysis updated: 2026-10-11T22:26:01.838Z - 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 Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas 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 factor: First Indicated Resource - Positive factor: Category Upgrade - Positive factor: Pilot Scale Complete - Positive factor: Multi-Domain Tested - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Cut-off Disclosed - Negative factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline - Negative factor: Low Recovery - Negative factor: Refractory Ore Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 43 ## Classification and evidence **Indicated Resource** Polarity: positive Definition: 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 Upgrade** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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 Disclosed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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 Inferred** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: 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 Resource** Polarity: neutral Definition: 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 Update** Polarity: neutral Definition: 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 Recovery** Polarity: negative Definition: 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 Complete** Polarity: positive Definition: 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 Ore** Polarity: negative Definition: 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 Tested** Polarity: positive Definition: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) ## Extracted facts Stored fact records: 43. Some facts used in scoring do not have a stored record. ## Resource Estimates (41) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-0) Jupiter Rare Earths Project · rare\_earths #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade - Positive factor: Contained Metal Growth Evidence · table > 1,700 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-1) Jupiter Rare Earths Project · rare\_earths #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 1,700 Context: 1,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-2) Jupiter Rare Earths Project · rare\_earths Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-3) Jupiter Rare Earths Project · mreo #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 420 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-4) Jupiter Rare Earths Project · mreo #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 380 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-5) Jupiter Rare Earths Project · la2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 320 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-6) Jupiter Rare Earths Project · la2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 350 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-7) Jupiter Rare Earths Project · ceo2 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 750 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-8) Jupiter Rare Earths Project · ceo2 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 770 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-9) Jupiter Rare Earths Project · pr6o11 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 84 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-10) Jupiter Rare Earths Project · pr6o11 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 82 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-11) Jupiter Rare Earths Project · nd2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 310 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-12) Jupiter Rare Earths Project · nd2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 280 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-13) Jupiter Rare Earths Project · sm2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 49 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-14) Jupiter Rare Earths Project · sm2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 41 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-15) Jupiter Rare Earths Project · eu2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 10 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-16) Jupiter Rare Earths Project · eu2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 8 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-17) Jupiter Rare Earths Project · gd2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 31 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-18) Jupiter Rare Earths Project · gd2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 25 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-19) Jupiter Rare Earths Project · tb4o7 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 4 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-20) Jupiter Rare Earths Project · tb4o7 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 3 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-21) Jupiter Rare Earths Project · dy2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 18 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-22) Jupiter Rare Earths Project · dy2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 14 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-23) Jupiter Rare Earths Project · ho2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 3 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-24) Jupiter Rare Earths Project · ho2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 2 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-25) Jupiter Rare Earths Project · er2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 8 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-26) Jupiter Rare Earths Project · er2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 6 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-27) Jupiter Rare Earths Project · tm2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 1 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-28) Jupiter Rare Earths Project · tm2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 1 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-29) Jupiter Rare Earths Project · yb2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 6 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-30) Jupiter Rare Earths Project · yb2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 5 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-31) Jupiter Rare Earths Project · lu2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 1 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-32) Jupiter Rare Earths Project · lu2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 1 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-33) Jupiter Rare Earths Project · y2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 89 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-34) Jupiter Rare Earths Project · y2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 72 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-35) Jupiter Rare Earths Project · sc2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 45 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-36) Jupiter Rare Earths Project · sc2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 36 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-37) Jupiter Rare Earths Project · ga2o3 #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 40 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-38) Jupiter Rare Earths Project · ga2o3 #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 40 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-39) Jupiter Rare Earths Project · iron\_ore #### 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 factor: First Indicated Resource - Positive factor: Category Upgrade Evidence · table > 11 Context: 160 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-resource-facts-40) Jupiter Rare Earths Project · iron\_ore #### 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 factor: All Inferred - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 7.5 Context: 1500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-metallurgical-facts-41) Jupiter Rare Earths Project · magreo #### 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 factor: Pilot Scale Complete - Positive factor: Multi-Domain Tested - Negative factor: Low Recovery - Negative factor: Refractory Ore Evidence · text > Pilot-scale closed-circuit optimisation test work achieved recoveries of 81% for MagREO #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### pilot plant [Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-delivers-first-160mt-indicated-rare-earth-resource--a458723d-abee-44c9-a637-5dbb80cd7939#fact-metallurgical-facts-42) Jupiter Rare Earths Project · treo #### 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 factor: Pilot Scale Complete - Positive factor: Multi-Domain Tested - Negative factor: Low Recovery - Negative factor: Refractory Ore Evidence · text > and 71% for TREO, producing a concentrate grading approximately 3% TREO. #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Pilot Scale Complete** Polarity: positive Definition: Pilot or demonstration plant testing completed under continuous operation. Why it applies: test\_type names pilot-scale work **Byproduct Commodity** Polarity: neutral Definition: 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.