Critica has released scoping study results for its Jupiter rare earths project in Western Australia, a massive clay-hosted deposit. The study models an 8Mt per annum open pit operation with a post-tax NPV of $2 billion and an IRR of 48.4%.
Critica Limited has presented positive scoping study results for its Mt Lindsay tungsten-tin project and Jupiter rare earths-yttrium-gallium project, highlighting robust economics with after-tax NPVs of A$1.0 billion and A$2.0 billion respectively. The studies outline significant pre-production capital requirements and rapid paybacks, with production targets predominantly underpinned by Indicated Mineral Resources. The company is now advancing both projects towards further feasibility studies, off-take agreements, and securing funding.
Critica has released a scoping study for its Jupiter rare earths project in Western Australia, modeling an after-tax NPV of approximately A$2bn and an IRR of 48.4%. The study outlines a 14-year operation based on an updated 1.7Bt resource, with a production target heavily supported by Indicated Resources.
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.
Heavy Rare Earths (ASX:HRE) holds an inferred resource of 159Mt at 870ppm TREO at its Subron project in Western Australia. The company aims to focus on high-value heavy rare earth domains to improve resource value through flotation concentrate production.
Critica has established its first Indicated Mineral Resource at the Jupiter rare earths project in Western Australia, totaling 160Mt at 1700ppm TREO. This follows targeted infill drilling and expands the total Mineral Resource to 1.7Bt, with a scoping study expected shortly.
Critica Limited announced its first Indicated Mineral Resource for the Jupiter Rare Earths Project, delineating 160 million tonnes at 1,700 ppm TREO. This update represents a significant category upgrade, with approximately 10% of the total resource now classified as Indicated, following infill drilling. Pilot-scale metallurgical testwork achieved 81% MagREO and 71% TREO recoveries, supporting the project's economic viability despite a slight decrease in overall resource tonnage and contained metal compared to the previous estimate.
Heavy Rare Earths Limited is on track to deliver a high-value, high-grade Heavy Rare Earth Oxide (HREO) resource upgrade for its Subron project by Q4 2026. This involves re-domaining the existing 159 Mt @ 870ppm TREO Inferred Resource to focus on smaller-tonnage but substantially higher-grade HREO domains, utilizing existing drill and assay data for a low-cost approach. Concurrently, metallurgical and mineralogical work is advancing to identify host minerals and processing routes, alongside re-assaying historical samples for critical minerals like gallium and hafnium to potentially add further value.
Hastings Technology Metals Ltd's annual report details a year of strategic repositioning, including the completion of an unincorporated joint venture for the Yangibana Rare Earths and Niobium Project, where Hastings retained a 40% interest. The company also entered into a binding agreement to acquire a 49% interest in a hydrometallurgical processing plant in Thailand to accelerate rare earth chloride production. While an updated Definitive Feasibility Study for Yangibana Stage 1 shows positive economics, Wyloo's decision to divest its 60% interest introduces uncertainty. The company reported a net loss of $5.1 million and issued a going concern warning due to the need for additional funding.
Heavy Rare Earths Limited's annual report for FY2026 highlights a strategic reset and future plans for its critical minerals portfolio. A review of the Subron Rare Earths Project identified high-grade heavy rare earth oxide domains within its existing historical JORC Inferred Resource, indicating potential for a higher-value resource. The company also secured full mineral rights for the Prospect Hill Tin and Uranium Project and plans maiden drilling programs for both Prospect Hill and Radium Hill, funded by a post-year-end capital raise, despite a going concern warning in its financial statements.
