# CRI: Jupiter Scoping Study Defines Pathway to Development

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154309

Publisher: asx

Original announcement: 2026-10-19T21:18:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-19T22:31:40.468Z

Atlas analysis updated: 2026-10-19T22:31:40.468Z

- 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

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas 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 factor: Strong after-tax NPV of A$2.0 billion and IRR of 48.4% demonstrate robust project economics.

- Positive factor: Short after-tax payback period of 2.0 years indicates rapid capital recovery.

- Positive factor: Production target is overwhelmingly underpinned by Indicated Mineral Resources \(97%\), providing high confidence.

- Positive factor: Large resource base of 1.7 Bt at 1,700 ppm TREO offers significant potential for future expansion.

- Positive factor: Conventional open-pit mining with a favorable strip ratio of 1.4:1 supports efficient operations.

- Positive factor: Project benefits from established infrastructure in Western Australia's Mid-West.

- Positive factor: Potential upside from iron, gallium, and scandium, which are excluded from current economics.

- Negative factor: The study is preliminary \(Scoping Study level\) with an accuracy range of ±35% for capital costs.

- Negative factor: Pre-production capital of A$556 million is not yet secured, posing a funding risk.

- Negative factor: MREC pricing assumptions are modelled and not based on binding offtake agreements or quoted market prices.

- Negative factor: 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 Study**

Polarity: neutral

Story-specific tag

Definition: 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 IRR**

Polarity: positive

Story-specific tag

Definition: 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 &amp; IRR of approximately 48.4%

**Strong NPV**

Polarity: positive

Story-specific tag

Definition: 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 &amp; IRR of approximately 48.4%

**Short Payback**

Polarity: positive

Story-specific tag

Definition: 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 Required**

Polarity: negative

Story-specific tag

Definition: 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 Study**

Polarity: negative

Story-specific tag

Definition: 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 Resource**

Polarity: positive

Definition: 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 Compliant**

Polarity: positive

Definition: 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 Signed**

Polarity: positive

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

Why it applies: The 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 Resource**

Polarity: neutral

Definition: 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 Complete**

Polarity: positive

Definition: 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 Ore**

Polarity: negative

Definition: 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 Route**

Polarity: neutral

Definition: 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 Recovery**

Polarity: negative

Definition: 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 Route**

Polarity: neutral

Definition: Gravity separation forms a material part of the flowsheet.

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

**Single Domain Only**

Polarity: negative

Definition: 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)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-1)

Jupiter · rare\_earths

#### Identity

- Project: Jupiter
- Commodity: rare\_earths
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: CRI

#### Resource scope

- Estimate type: resource
- 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 factor: This is the project's first Indicated Mineral Resource, significantly de-risking the project.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Positive factor: The Indicated resource provides a high-confidence foundation for the Scoping Study.

Evidence · table

> 1,700

Context: 160 Mt

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: The resource is explicitly classified as 'Indicated Resources', representing a higher confidence category.

Evidence · table

> Indicated Resources

Context: 160 Mt

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-2)

Jupiter · mreo

#### 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 factor: The MREO grade is reported within the first Indicated Mineral Resource, adding confidence to the magnet rare earth component.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 420

Context: 160

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-3)

Jupiter · pr6o11

#### 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 factor: Praseodymium is a key magnet rare earth, and its grade is reported within the new Indicated Mineral Resource.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 84

Context: 160

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-4)

Jupiter · nd2o3

#### 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 factor: Neodymium is a critical magnet rare earth, and its grade is reported within the new Indicated Mineral Resource.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 310

Context: 160

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-5)

Jupiter · tb4o7

#### 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 factor: Terbium is a valuable heavy rare earth, and its grade is reported within the new Indicated Mineral Resource.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 4

Context: 160

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-6)

Jupiter · dy2o3

#### 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 factor: Dysprosium is a valuable heavy rare earth, and its grade is reported within the new Indicated Mineral Resource.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 18

Context: 160

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-7)

Jupiter · y2o3

#### 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 factor: Yttrium is a valued component of the MREC basket, and its grade is reported within the new Indicated Mineral Resource.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 89

Context: 160

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-8)

Jupiter · sc2o3

#### 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 factor: Scandium is a potential future upside commodity, and its grade is reported within the new Indicated Mineral Resource.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 45

Context: 160

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-9)

Jupiter · ga2o3

#### 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 factor: Gallium is a potential future upside commodity, and its grade is reported within the new Indicated Mineral Resource.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 40

Context: 160

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-10)

Jupiter · iron\_ore

#### 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 factor: Iron is a potential future upside commodity, and its grade is reported within the new Indicated Mineral Resource.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 11

Context: 160

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-11)

Jupiter · rare\_earths

#### Identity

- Project: Jupiter
- Commodity: rare\_earths
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: CRI

#### Resource scope

- Estimate type: resource
- 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 factor: The large tonnage of Inferred resources indicates significant exploration potential for future conversion.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: 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 Resource**

Polarity: negative

Definition: 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 Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-12)

Jupiter · mreo

#### 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 factor: The MREO grade is reported within a large Inferred resource, indicating potential for magnet rare earths.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 380

Context: 1,500

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-13)

Jupiter · pr6o11

#### 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 factor: Praseodymium grade is reported within a large Inferred resource, indicating potential for magnet rare earths.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 82

Context: 1,500

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-14)

Jupiter · nd2o3

#### 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 factor: Neodymium grade is reported within a large Inferred resource, indicating significant potential for magnet rare earths.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 280

Context: 1,500

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-15)

Jupiter · tb4o7

#### 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 factor: Terbium grade is reported within a large Inferred resource, indicating potential for heavy rare earths.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 3

Context: 1,500

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-16)

Jupiter · dy2o3

#### 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 factor: Dysprosium grade is reported within a large Inferred resource, indicating potential for heavy rare earths.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 14

Context: 1,500

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-17)

Jupiter · y2o3

#### 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 factor: Yttrium grade is reported within a large Inferred resource, indicating potential for this valued component.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 72

Context: 1,500

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-18)

Jupiter · sc2o3

#### 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 factor: Scandium grade is reported within a large Inferred resource, indicating potential for this future upside commodity.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 36

Context: 1,500

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-19)

Jupiter · ga2o3

#### 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 factor: Gallium grade is reported within a large Inferred resource, indicating potential for this future upside commodity.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 40

Context: 1,500

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-20)

Jupiter · iron\_ore

#### 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 factor: Iron grade is reported within a large Inferred resource, indicating potential for this future upside commodity.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 7.5

Context: 1,500

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-21)

Jupiter · rare\_earths

#### 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 factor: This Indicated resource at a higher cut-off grade shows a higher TREO grade, which is positive for project economics.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Positive factor: This portion of the resource underpins the Scoping Study mine plan.

Evidence · table

> 1,900

Context: 100 Mt

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-22)

Jupiter · mreo

#### 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 factor: The MREO grade is higher at this cut-off, indicating a richer magnet rare earth component for the mine plan.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 460

Context: 100

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-23)

Jupiter · pr6o11

#### 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 factor: The Pr6O11 grade is higher at this cut-off, indicating a richer magnet rare earth component for the mine plan.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 94

Context: 100

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-24)

Jupiter · nd2o3

#### 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 factor: The Nd2O3 grade is higher at this cut-off, indicating a richer magnet rare earth component for the mine plan.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 340

Context: 100

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-25)

Jupiter · tb4o7

#### 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 factor: The Tb4O7 grade is reported at this cut-off, providing comprehensive detail on heavy rare earth content for the mine plan.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 4

Context: 100

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-26)

Jupiter · dy2o3

#### 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 factor: The Dy2O3 grade is higher at this cut-off, indicating a richer heavy rare earth component for the mine plan.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 19

Context: 100

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-27)

Jupiter · y2o3

#### 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 factor: The Y2O3 grade is higher at this cut-off, indicating a richer component for the mine plan.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 94

Context: 100

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-28)

Jupiter · sc2o3

#### 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 factor: The Sc2O3 grade is higher at this cut-off, indicating a richer component for this potential upside commodity for the mine plan.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 49

Context: 100

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-29)

Jupiter · ga2o3

#### 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 factor: The Ga2O3 grade is higher at this cut-off, indicating a richer component for this potential upside commodity for the mine plan.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 42

Context: 100

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-30)

Jupiter · iron\_ore

#### 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 factor: The iron grade is reported at this cut-off, indicating a component for this potential upside commodity for the mine plan.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

Evidence · table

> 11

Context: 100

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-31)

Jupiter · rare\_earths

#### 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 factor: A large tonnage of Inferred resources at a higher cut-off grade indicates significant potential for future conversion to higher confidence categories.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: 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 Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-32)

Jupiter · mreo

#### 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 factor: The MREO grade is higher at this cut-off within a large Inferred resource, indicating potential for richer magnet rare earths.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 440

Context: 900

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-33)

Jupiter · pr6o11

#### 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 factor: The Pr6O11 grade is higher at this cut-off within a large Inferred resource, indicating potential for richer magnet rare earths.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 94

Context: 900

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-34)

Jupiter · nd2o3

#### 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 factor: The Nd2O3 grade is higher at this cut-off within a large Inferred resource, indicating significant potential for richer magnet rare earths.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 330

Context: 900

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-35)

Jupiter · tb4o7

#### 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 factor: The Tb4O7 grade is reported at this cut-off within a large Inferred resource, indicating potential for heavy rare earths.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 3

Context: 900

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-36)

Jupiter · dy2o3

#### 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 factor: The Dy2O3 grade is higher at this cut-off within a large Inferred resource, indicating potential for richer heavy rare earths.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 16

Context: 900

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-37)

Jupiter · y2o3

#### 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 factor: The Y2O3 grade is higher at this cut-off within a large Inferred resource, indicating potential for this valued component.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 80

Context: 900

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-38)

Jupiter · sc2o3

#### 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 factor: The Sc2O3 grade is higher at this cut-off within a large Inferred resource, indicating potential for this future upside commodity.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 39

Context: 900

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-39)

Jupiter · ga2o3

#### 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 factor: The Ga2O3 grade is higher at this cut-off within a large Inferred resource, indicating potential for this future upside commodity.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 41

Context: 900

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-resource-facts-40)

Jupiter · iron\_ore

#### 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 factor: The iron grade is reported at this cut-off within a large Inferred resource, indicating potential for this future upside commodity.

- Positive factor: The resource is JORC 2012 compliant and signed off by a Competent Person.

- Negative factor: Inferred resources have a low level of geological confidence.

Evidence · table

> 7.9

Context: 900

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

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

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

**PEA-Supporting**

Polarity: neutral

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

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

**PFS-Supporting**

Polarity: neutral

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

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

**DFS-Supporting**

Polarity: neutral

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

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

## Metallurgical Results (1)

### pilot plant

[Link to this fact](https://atlas-staging.minestarters.com/news/cri-jupiter-scoping-study-defines-pathway-to-development--e1dd3aac-a957-4b02-a709-b975db0b4aeb#fact-metallurgical-facts-41)

Jupiter · rare\_earths

#### 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 factor: Pilot-scale beneficiation testwork demonstrates good TREO recovery \(71%\) and significant upgrading \(14-fold\) with high mass rejection \(95%\).

- Positive factor: Successful production of MREC grading 58% TREO has been demonstrated.

- Positive factor: Optimisation reduced sulphuric acid consumption by 30%.

- Negative factor: Modelled overall TREO recovery of 58% is lower than the process design basis of 63%.

- Negative factor: 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.
