CRI: Jupiter Scoping Study Defines Pathway to Development
Original announcement by asx on
- Company
- Critica Limited
- Ticker
- CRI
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Rare earths
- Secondary commodities
- Neodymium, Praseodymium, Dysprosium, Terbium, Yttrium, Iron ore, Gallium, Scandium
- Document categories
- Other, Resource update, Metallurgy
- Extracted
- 2026-10-19 22:31:41 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Critica Limited announced positive results from a Scoping Study for its Jupiter Rare Earth Elements Project in Western Australia, outlining a development pathway with strong economics. The study projects an after-tax NPV of A$2.0 billion, an IRR of 48.4%, and a 2.0-year payback period, based on an 8.0 Mtpa open-pit operation producing mixed rare earth carbonate. The production target is overwhelmingly supported by Indicated Mineral Resources, though the study is preliminary and pre-production capital of A$556 million is not yet secured.
Reasoning: The Scoping Study for the Jupiter Rare Earth Elements Project outlines a compelling development pathway with strong preliminary economics (A$2.0 billion after-tax NPV, 48.4% IRR, 2.0-year payback) and a high-confidence resource base, though it is a preliminary study and funding remains to be secured.
Positive factors
- Strong after-tax NPV of A$2.0 billion and IRR of 48.4% demonstrate robust project economics.
- Short after-tax payback period of 2.0 years indicates rapid capital recovery.
- Production target is overwhelmingly underpinned by Indicated Mineral Resources (97%), providing high confidence.
- Large resource base of 1.7 Bt at 1,700 ppm TREO offers significant potential for future expansion.
- Conventional open-pit mining with a favorable strip ratio of 1.4:1 supports efficient operations.
- Project benefits from established infrastructure in Western Australia's Mid-West.
- Potential upside from iron, gallium, and scandium, which are excluded from current economics.
Negative factors
- The study is preliminary (Scoping Study level) with an accuracy range of ±35% for capital costs.
- Pre-production capital of A$556 million is not yet secured, posing a funding risk.
- MREC pricing assumptions are modelled and not based on binding offtake agreements or quoted market prices.
- Modelled overall TREO recovery of 58% is lower than the Scoping Study process design basis of 63%.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 42
Classification and evidence
Scoping Studyneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The document explicitly states it is a 'Scoping Study' and details its preliminary nature.
Evidence · text
“Jupiter Scoping Study Defines Pathway to Development”
High IRRpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The after-tax IRR of 48.4% is exceptionally strong for a mining project.
Evidence · text
“After-tax NPV₈ of approximately A$2.0 billion & IRR of approximately 48.4%”
Strong NPVpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The after-tax NPV of A$2.0 billion is a substantial valuation for the project.
Evidence · text
“After-tax NPV₈ of approximately A$2.0 billion & IRR of approximately 48.4%”
Short Paybackpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: An after-tax payback period of 2.0 years is very rapid for a mining development.
Evidence · text
“Estimated after-tax payback period of approximately 2.0 years from commencement of operations”
Funding Requirednegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The company explicitly states that the A$556 million pre-production capital is not yet secured.
Evidence · text
“The Company does not currently have this funding in place.”
Preliminary Studynegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The Scoping Study is described as a 'preliminary technical and economic study' and not sufficient to support Ore Reserves.
Evidence · text
“The Scoping Study is a preliminary technical and economic study based on low-level technical and economic assessments that are not sufficient to support the estimation of Ore Reserves or to provide assurance of an economic development case at this stage.”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is explicitly classified as 'Indicated Resources', representing a higher confidence category.
Evidence · text
“Jupiter’s first Indicated Mineral Resource”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be 'JORC 2012 compliant'.
Evidence · text
“JORC 2012 compliant Mineral Resource Estimate”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Mineral Resource Estimate was prepared by Mr Rodney Brown of SRK Consulting (Australasia) Pty Ltd, a Competent Person.
Evidence · text
“The Mineral Resource Estimate was prepared by Mr Rodney Brown of SRK Consulting (Australasia) Pty Ltd, a Competent Person as defined in the JORC Code.”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: This represents 'Jupiter’s first Indicated Mineral Resource', establishing a new confidence level for the project.
Evidence · text
“Jupiter’s first Indicated Mineral Resource”
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: Pilot-scale beneficiation testwork has been conducted, indicating a higher level of testwork maturity.
Evidence · text
“Pilot-scale beneficiation testwork was subsequently conducted at GAVAQ using bulk composites representative of Jupiter mineralisation.”
Refractory Orenegative
Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.
Why it applies: The document notes that 'Jupiter mineralisation differs from conventional ionic adsorption clay deposits, with rare earths predominantly associated with fine-grained phosphate minerals', implying a more complex processing approach than typical clay deposits.
Evidence · text
“Jupiter mineralisation differs from conventional ionic adsorption clay deposits, with rare earths predominantly associated with fine-grained phosphate minerals.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The processing strategy involves 'beneficiation-first approach followed by hydrometallurgical treatment', which includes milling/grinding and chemical processing.
Evidence · text
“The processing flowsheet evaluated in the Scoping Study has been developed from metallurgical testwork undertaken on Jupiter mineralisation and is based on a beneficiation-first approach followed by hydrometallurgical treatment to produce a mixed rare earth carbonate (“MREC”).”
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: The modelled overall TREO recovery of 58% is lower than the Scoping Study process design basis of 63%, indicating a gap between target and current financial model assumptions.
Evidence · text
“The financial model adopts an overall TREO recovery of approximately 58%, compared with the Scoping Study process design basis of approximately 63%.”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 41. Some facts used in scoring do not have a stored record.
Resource Estimates (40)
indicatedJupiter · rare_earthsTonnes: 160000000Grade: 1700Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:6b341f1ca9f7af3d809c
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 160000000
- Grade
- 1700
- Grade Unit
- ppm
- Cutoff Grade
- 1000
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The establishment of a 160 Mt Indicated Mineral Resource at 1,700 ppm TREO marks a significant de-risking milestone for the Jupiter project, providing a robust foundation for economic studies.
Positive factors
- This is the project's first Indicated Mineral Resource, significantly de-risking the project.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
- The Indicated resource provides a high-confidence foundation for the Scoping Study.
Evidence · table
“1,700”
Context: 160 Mt
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource is explicitly classified as 'Indicated Resources', representing a higher confidence category.
Evidence · table
“Indicated Resources”
Context: 160 Mt
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · mreoTonnes: 160000000Grade: 420Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:6b341f1ca9f7af3d809c
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported MREO grade of 420 ppm within the new Indicated Mineral Resource provides specific detail on the valuable magnet rare earth content, enhancing the project's economic potential.
Positive factors
- The MREO grade is reported within the first Indicated Mineral Resource, adding confidence to the magnet rare earth component.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“420”
Context: 160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · pr6o11Tonnes: 160000000Grade: 84Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:6b341f1ca9f7af3d809c
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Pr6O11 within the Indicated Mineral Resource provides valuable detail on the magnet rare earth composition, supporting the project's economic potential.
Positive factors
- Praseodymium is a key magnet rare earth, and its grade is reported within the new Indicated Mineral Resource.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“84”
Context: 160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · nd2o3Tonnes: 160000000Grade: 310Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:6b341f1ca9f7af3d809c
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Nd2O3 grade of 310 ppm within the Indicated Mineral Resource highlights a significant component of the most valuable magnet rare earth, enhancing the project's economic attractiveness.
Positive factors
- Neodymium is a critical magnet rare earth, and its grade is reported within the new Indicated Mineral Resource.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“310”
Context: 160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · tb4o7Tonnes: 160000000Grade: 4Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:6b341f1ca9f7af3d809c
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Tb4O7 within the Indicated Mineral Resource provides comprehensive detail on the heavy rare earth content, contributing to the overall basket value.
Positive factors
- Terbium is a valuable heavy rare earth, and its grade is reported within the new Indicated Mineral Resource.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“4”
Context: 160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · dy2o3Tonnes: 160000000Grade: 18Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:6b341f1ca9f7af3d809c
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Dy2O3 within the Indicated Mineral Resource provides comprehensive detail on the heavy rare earth content, contributing to the overall basket value.
Positive factors
- Dysprosium is a valuable heavy rare earth, and its grade is reported within the new Indicated Mineral Resource.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“18”
Context: 160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · y2o3Tonnes: 160000000Grade: 89Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:6b341f1ca9f7af3d809c
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Y2O3 grade within the Indicated Mineral Resource provides specific detail on a valued component of the rare earth basket, contributing to the project's overall economics.
Positive factors
- Yttrium is a valued component of the MREC basket, and its grade is reported within the new Indicated Mineral Resource.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“89”
Context: 160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · sc2o3Tonnes: 160000000Grade: 45Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:6b341f1ca9f7af3d809c
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Sc2O3 grade within the Indicated Mineral Resource provides data for a potential future upside commodity, adding to the project's overall prospectivity.
Positive factors
- Scandium is a potential future upside commodity, and its grade is reported within the new Indicated Mineral Resource.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“45”
Context: 160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · ga2o3Tonnes: 160000000Grade: 40Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:6b341f1ca9f7af3d809c
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Ga2O3 grade within the Indicated Mineral Resource provides data for a potential future upside commodity, adding to the project's overall prospectivity.
Positive factors
- Gallium is a potential future upside commodity, and its grade is reported within the new Indicated Mineral Resource.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“40”
Context: 160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · iron_oreTonnes: 160000000Grade: 11Grade Unit: %View all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:6b341f1ca9f7af3d809c
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported iron grade within the Indicated Mineral Resource provides data for a potential future upside commodity, adding to the project's overall prospectivity.
Positive factors
- Iron is a potential future upside commodity, and its grade is reported within the new Indicated Mineral Resource.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“11”
Context: 160
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · rare_earthsTonnes: 1500000000Grade: 1700Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:3095a24ba41f8b0063dc
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1500000000
- Grade
- 1700
- Grade Unit
- ppm
- Cutoff Grade
- 1000
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: A substantial Inferred Mineral Resource of 1.5 Bt at 1,700 ppm TREO highlights the project's significant scale and future growth potential, though it carries lower geological confidence.
Positive factors
- The large tonnage of Inferred resources indicates significant exploration potential for future conversion.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence and cannot solely support economic studies.
Evidence · table
“1,700”
Context: 1,500 Mt
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource is explicitly classified as 'Inferred Resources', indicating a lower confidence category.
Evidence · table
“Inferred Resources”
Context: 1,500 Mt
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · mreoTonnes: 1500000000Grade: 380Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:3095a24ba41f8b0063dc
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported MREO grade of 380 ppm within the large Inferred Mineral Resource indicates significant potential for magnet rare earths, subject to further drilling to upgrade confidence.
Positive factors
- The MREO grade is reported within a large Inferred resource, indicating potential for magnet rare earths.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“380”
Context: 1,500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · pr6o11Tonnes: 1500000000Grade: 82Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:3095a24ba41f8b0063dc
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Pr6O11 within the large Inferred Mineral Resource indicates potential for magnet rare earths, subject to further drilling to upgrade confidence.
Positive factors
- Praseodymium grade is reported within a large Inferred resource, indicating potential for magnet rare earths.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“82”
Context: 1,500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · nd2o3Tonnes: 1500000000Grade: 280Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:3095a24ba41f8b0063dc
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Nd2O3 grade of 280 ppm within the large Inferred Mineral Resource indicates significant potential for magnet rare earths, subject to further drilling to upgrade confidence.
Positive factors
- Neodymium grade is reported within a large Inferred resource, indicating significant potential for magnet rare earths.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“280”
Context: 1,500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · tb4o7Tonnes: 1500000000Grade: 3Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:3095a24ba41f8b0063dc
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Tb4O7 within the large Inferred Mineral Resource indicates potential for heavy rare earths, subject to further drilling to upgrade confidence.
Positive factors
- Terbium grade is reported within a large Inferred resource, indicating potential for heavy rare earths.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“3”
Context: 1,500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · dy2o3Tonnes: 1500000000Grade: 14Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:3095a24ba41f8b0063dc
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Dy2O3 within the large Inferred Mineral Resource indicates potential for heavy rare earths, subject to further drilling to upgrade confidence.
Positive factors
- Dysprosium grade is reported within a large Inferred resource, indicating potential for heavy rare earths.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“14”
Context: 1,500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · y2o3Tonnes: 1500000000Grade: 72Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:3095a24ba41f8b0063dc
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Y2O3 grade within the large Inferred Mineral Resource indicates potential for this valued component, subject to further drilling to upgrade confidence.
Positive factors
- Yttrium grade is reported within a large Inferred resource, indicating potential for this valued component.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“72”
Context: 1,500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · sc2o3Tonnes: 1500000000Grade: 36Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:3095a24ba41f8b0063dc
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Sc2O3 grade within the large Inferred Mineral Resource indicates potential for this future upside commodity, subject to further drilling to upgrade confidence.
Positive factors
- Scandium grade is reported within a large Inferred resource, indicating potential for this future upside commodity.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“36”
Context: 1,500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · ga2o3Tonnes: 1500000000Grade: 40Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:3095a24ba41f8b0063dc
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Ga2O3 grade within the large Inferred Mineral Resource indicates potential for this future upside commodity, subject to further drilling to upgrade confidence.
Positive factors
- Gallium grade is reported within a large Inferred resource, indicating potential for this future upside commodity.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“40”
Context: 1,500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · iron_oreTonnes: 1500000000Grade: 7.5Grade Unit: %View all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:3095a24ba41f8b0063dc
- 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
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported iron grade within the large Inferred Mineral Resource indicates potential for this future upside commodity, subject to further drilling to upgrade confidence.
Positive factors
- Iron grade is reported within a large Inferred resource, indicating potential for this future upside commodity.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“7.5”
Context: 1,500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · rare_earthsTonnes: 100000000Grade: 1900Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:0242549a32b89fc4d22f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 100000000
- Grade
- 1900
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated Mineral Resource of 100 Mt at 1,900 ppm TREO at a 1,500 ppm TREO cut-off provides a high-grade, high-confidence foundation for the project's mine plan.
Positive factors
- This Indicated resource at a higher cut-off grade shows a higher TREO grade, which is positive for project economics.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
- This portion of the resource underpins the Scoping Study mine plan.
Evidence · table
“1,900”
Context: 100 Mt
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · mreoTonnes: 100000000Grade: 460Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:0242549a32b89fc4d22f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 100000000
- Grade
- 460
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported MREO grade of 460 ppm at the 1,500 ppm TREO cut-off indicates a higher concentration of valuable magnet rare earths for the planned production.
Positive factors
- The MREO grade is higher at this cut-off, indicating a richer magnet rare earth component for the mine plan.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“460”
Context: 100
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · pr6o11Tonnes: 100000000Grade: 94Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:0242549a32b89fc4d22f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 100000000
- Grade
- 94
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Pr6O11 at the 1,500 ppm TREO cut-off indicates a higher concentration of this magnet rare earth for the planned production.
Positive factors
- The Pr6O11 grade is higher at this cut-off, indicating a richer magnet rare earth component for the mine plan.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“94”
Context: 100
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · nd2o3Tonnes: 100000000Grade: 340Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:0242549a32b89fc4d22f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 100000000
- Grade
- 340
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Nd2O3 grade of 340 ppm at the 1,500 ppm TREO cut-off highlights a higher concentration of this critical magnet rare earth for the planned production.
Positive factors
- The Nd2O3 grade is higher at this cut-off, indicating a richer magnet rare earth component for the mine plan.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“340”
Context: 100
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · tb4o7Tonnes: 100000000Grade: 4Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:0242549a32b89fc4d22f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 100000000
- Grade
- 4
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Tb4O7 at the 1,500 ppm TREO cut-off provides comprehensive detail on the heavy rare earth content for the planned production.
Positive factors
- The Tb4O7 grade is reported at this cut-off, providing comprehensive detail on heavy rare earth content for the mine plan.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“4”
Context: 100
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · dy2o3Tonnes: 100000000Grade: 19Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:0242549a32b89fc4d22f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 100000000
- Grade
- 19
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Dy2O3 at the 1,500 ppm TREO cut-off indicates a higher concentration of this heavy rare earth for the planned production.
Positive factors
- The Dy2O3 grade is higher at this cut-off, indicating a richer heavy rare earth component for the mine plan.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“19”
Context: 100
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · y2o3Tonnes: 100000000Grade: 94Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:0242549a32b89fc4d22f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 100000000
- Grade
- 94
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Y2O3 grade at the 1,500 ppm TREO cut-off indicates a higher concentration of this valued component for the planned production.
Positive factors
- The Y2O3 grade is higher at this cut-off, indicating a richer component for the mine plan.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“94”
Context: 100
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · sc2o3Tonnes: 100000000Grade: 49Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:0242549a32b89fc4d22f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 100000000
- Grade
- 49
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Sc2O3 grade at the 1,500 ppm TREO cut-off indicates a higher concentration of this potential upside commodity for the planned production.
Positive factors
- The Sc2O3 grade is higher at this cut-off, indicating a richer component for this potential upside commodity for the mine plan.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“49”
Context: 100
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · ga2o3Tonnes: 100000000Grade: 42Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:0242549a32b89fc4d22f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 100000000
- Grade
- 42
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Ga2O3 grade at the 1,500 ppm TREO cut-off indicates a higher concentration of this potential upside commodity for the planned production.
Positive factors
- The Ga2O3 grade is higher at this cut-off, indicating a richer component for this potential upside commodity for the mine plan.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“42”
Context: 100
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedJupiter · iron_oreTonnes: 100000000Grade: 11Grade Unit: %View all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:0242549a32b89fc4d22f
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 100000000
- Grade
- 11
- Grade Unit
- %
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported iron grade at the 1,500 ppm TREO cut-off indicates a component for this potential upside commodity for the planned production.
Positive factors
- The iron grade is reported at this cut-off, indicating a component for this potential upside commodity for the mine plan.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Evidence · table
“11”
Context: 100
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · rare_earthsTonnes: 900000000Grade: 1900Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Rodney Brown
- Resource group id
- resource:b1a6dd5328433b7c646a
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 900000000
- Grade
- 1900
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: A substantial Inferred Mineral Resource of 900 Mt at 1,900 ppm TREO at a 1,500 ppm TREO cut-off highlights significant scale and future growth potential for higher-grade material, though it carries lower geological confidence.
Positive factors
- A large tonnage of Inferred resources at a higher cut-off grade indicates significant potential for future conversion to higher confidence categories.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence and cannot solely support economic studies.
Evidence · table
“1,900”
Context: 900 Mt
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · mreoTonnes: 900000000Grade: 440Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:b1a6dd5328433b7c646a
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 900000000
- Grade
- 440
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported MREO grade of 440 ppm at the 1,500 ppm TREO cut-off within the large Inferred Mineral Resource indicates potential for richer magnet rare earths, subject to further drilling to upgrade confidence.
Positive factors
- The MREO grade is higher at this cut-off within a large Inferred resource, indicating potential for richer magnet rare earths.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“440”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · pr6o11Tonnes: 900000000Grade: 94Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:b1a6dd5328433b7c646a
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 900000000
- Grade
- 94
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Pr6O11 at the 1,500 ppm TREO cut-off within the large Inferred Mineral Resource indicates potential for richer magnet rare earths, subject to further drilling to upgrade confidence.
Positive factors
- The Pr6O11 grade is higher at this cut-off within a large Inferred resource, indicating potential for richer magnet rare earths.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“94”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · nd2o3Tonnes: 900000000Grade: 330Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:b1a6dd5328433b7c646a
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 900000000
- Grade
- 330
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Nd2O3 grade of 330 ppm at the 1,500 ppm TREO cut-off within the large Inferred Mineral Resource indicates significant potential for richer magnet rare earths, subject to further drilling to upgrade confidence.
Positive factors
- The Nd2O3 grade is higher at this cut-off within a large Inferred resource, indicating significant potential for richer magnet rare earths.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“330”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · tb4o7Tonnes: 900000000Grade: 3Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:b1a6dd5328433b7c646a
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 900000000
- Grade
- 3
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Tb4O7 at the 1,500 ppm TREO cut-off within the large Inferred Mineral Resource indicates potential for heavy rare earths, subject to further drilling to upgrade confidence.
Positive factors
- The Tb4O7 grade is reported at this cut-off within a large Inferred resource, indicating potential for heavy rare earths.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“3”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · dy2o3Tonnes: 900000000Grade: 16Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:b1a6dd5328433b7c646a
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 900000000
- Grade
- 16
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The specific grade for Dy2O3 at the 1,500 ppm TREO cut-off within the large Inferred Mineral Resource indicates potential for richer heavy rare earths, subject to further drilling to upgrade confidence.
Positive factors
- The Dy2O3 grade is higher at this cut-off within a large Inferred resource, indicating potential for richer heavy rare earths.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“16”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · y2o3Tonnes: 900000000Grade: 80Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:b1a6dd5328433b7c646a
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 900000000
- Grade
- 80
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Y2O3 grade at the 1,500 ppm TREO cut-off within the large Inferred Mineral Resource indicates potential for this valued component, subject to further drilling to upgrade confidence.
Positive factors
- The Y2O3 grade is higher at this cut-off within a large Inferred resource, indicating potential for this valued component.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“80”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · sc2o3Tonnes: 900000000Grade: 39Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:b1a6dd5328433b7c646a
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 900000000
- Grade
- 39
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Sc2O3 grade at the 1,500 ppm TREO cut-off within the large Inferred Mineral Resource indicates potential for this future upside commodity, subject to further drilling to upgrade confidence.
Positive factors
- The Sc2O3 grade is higher at this cut-off within a large Inferred resource, indicating potential for this future upside commodity.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“39”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · ga2o3Tonnes: 900000000Grade: 41Grade Unit: ppmView all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:b1a6dd5328433b7c646a
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 900000000
- Grade
- 41
- Grade Unit
- ppm
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported Ga2O3 grade at the 1,500 ppm TREO cut-off within the large Inferred Mineral Resource indicates potential for this future upside commodity, subject to further drilling to upgrade confidence.
Positive factors
- The Ga2O3 grade is higher at this cut-off within a large Inferred resource, indicating potential for this future upside commodity.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“41”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredJupiter · iron_oreTonnes: 900000000Grade: 7.9Grade Unit: %View all detailsHide details
Identity
- Project
- Jupiter
- 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
- Rodney Brown
- Resource group id
- resource:b1a6dd5328433b7c646a
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 900000000
- Grade
- 7.9
- Grade Unit
- %
- Cutoff Grade
- 1500
- Cutoff Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-10-12
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The reported iron grade at the 1,500 ppm TREO cut-off within the large Inferred Mineral Resource indicates potential for this future upside commodity, subject to further drilling to upgrade confidence.
Positive factors
- The iron grade is reported at this cut-off within a large Inferred resource, indicating potential for this future upside commodity.
- The resource is JORC 2012 compliant and signed off by a Competent Person.
Negative factors
- Inferred resources have a low level of geological confidence.
Evidence · table
“7.9”
Context: 900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (1)
pilot plantJupiter · rare_earthsRecovery: 71 %View all detailsHide details
Identity
- Project
- Jupiter
- Commodity
- rare_earths
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- CRI
Test Work
- Program Status
- scoping
- Test Type
- pilot plant
- Processing Route
- Beneficiation (magnetic separation, flotation) followed by hydrometallurgical processing (sulphuric acid bake, water leaching, impurity removal, MREC precipitation)
- Sample
- Jupiter mineralisation, bulk composites representative of Jupiter mineralisation
Recovery
- Recovery
- 71 %
- Recovery Basis
- actual_test
- Conc. Grade
- 3
- Conc. Grade Unit
- % TREO
Reagents
- Acid
- 1000 kg/t
Lab
- Laboratory
- GAVAQ, Specialised Metallurgical Services, Independent Metallurgy, NAGROM, Australian Minmet Metallurgical Laboratories (AMML), Australian Nuclear Science and Technology Organisation (ANSTO)
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Pilot-scale beneficiation achieved a 71% TREO recovery and 14-fold upgrading, demonstrating a viable front-end process, while downstream testwork successfully produced 58% TREO MREC, supporting the proposed flowsheet.
Positive factors
- Pilot-scale beneficiation testwork demonstrates good TREO recovery (71%) and significant upgrading (14-fold) with high mass rejection (95%).
- Successful production of MREC grading 58% TREO has been demonstrated.
- Optimisation reduced sulphuric acid consumption by 30%.
Negative factors
- Modelled overall TREO recovery of 58% is lower than the process design basis of 63%.
- Jupiter mineralisation differs from conventional ionic adsorption clay deposits, implying some processing complexity.
Evidence · text
“Pilot-scale beneficiation testwork was subsequently conducted at GAVAQ using bulk composites representative of Jupiter mineralisation. Optimisation of the beneficiation circuit achieved approximately 71% TREO recovery and 81% MagREO recovery, as announced on 14 April 2026. Further optimisation produced an intermediate concentrate grading approximately 3% TREO, representing an approximately 14-fold upgrade from feed while rejecting approximately 95% of the original feed mass, as announced on 27 May 2026.”
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.