Announcement PDF ASX: CRI 23 June 2025 CRITICA SECURES FARM-IN WITH AUSGOLD OVER KULIN PROJECT The Board of Critica Limited (Critica or the Company) is pleased to announce that it has entered into a Farm-In Agreement (Agreement) with Ausgold Limited (ASX: AUC) (Ausgold) with respect to its Kulin Gold Project (Kulin Project). The Agreement forms part of Critica’s strategy to focus its capital on the Company’s flagship Jupiter REE Project, whilst reducing cash expenditure on non-core assets. The Agreement allows Critica shareholders to retain exposure to potential upside in the Kulin Project up to a 30% joint venture interest (refer Agreement terms below). The Kulin Project, comprising of exploration licence E70/5077, is located approximately 75km northeast of Ausgold’s 100%-owned Katanning Gold Project. Key Agreement Terms Under the Agreement, Ausgold has the right to earn up to a 70% interest in the Kulin Project over three years by expending: • Stage 1: $250,000 within 18 months to earn 51%; and • Stage 2: A further $360,000 over the following 24 months to earn an additional 19%. Upon completion of the earn-in, Critica will retain a 30% contributing interest in the Kulin Project, with the right to convert to a 1.5% net smelter royalty (NSR) at a decision to mine. Ends. Authorised by the Board of Critica Limited. Stuart Owen Interim CEO JOIN CRITICA’S INTERACTIVE INVESTORHUB Visit Critica Limited’s InvestorHub to sign up and engage with the Team CONTACT US Critica Limited Level 2, 16 Altona Street, West Perth, Western Australia T: + 61 8 6279 9428 | admin@critica.limited | www.critica.limited CRITICA LIMITED Level 2, 16 Altona Street, West Perth, Western Australia ABN 51 119 678 385 | T: +61 8 6279 9428 | F: +61 8 6500 9986 | admin@critica.limited | www.critica.limited 1 ASX: CRI 23 June 2025 ABOUT CRITICA Project Overview • The Jupiter deposit is situated in Yalgoo, Western Australia, approximately 250 km east of Geraldton and accessible by sealed road. • The initial discovery was announced in late 2023, and comprises of clay-hosted rare earth mineralisation. • In February 2025, Critica announced a global inferred resource of 1.8 BT at 1,700 ppm, including 520 MT at 2,200 ppm Total Rare Earth Oxides. Jupiter is currently Australia’s largest and highest-grade clay-hosted Rare Earth deposit. • The Jupiter deposit contains 682 kilotonnes (kt) of Magnet Rare Earth Oxides (MREO) within the global resource. • The deposit contains low levels of Thorium and Uranium. . Strategic Advantages • Infrastructure: The project benefits from existing mining precinct infrastructure, including proximity to the Geraldton-Mount Magnet highway and the mid-west gas pipeline. • Accessibility: The flat-lying terrain and pastoral leases ensure year-round access. • Nearby Facilities: The project is close to rare earth processing facilities, such as Lynas Rare Earths' concentrator at Mount Weld and Iluka Resources' planned facility at Eneabba. CRITICA LIMITED Level 2, 16 Altona Street, West Perth, Western Australia ABN 51 119 678 385 | T: +61 8 6279 9428 | F: +61 8 6500 9986 | admin@critica.limited | www.critica.limited 2