Announcement PDF Building Australian Magnet Rare-Earth Supply AGM Presentation | 19 November 2025 | ASX: CRI Scale • Simplicity • Speed Advancing Australia’s Largest Clay-Hosted Magnet Rare Earth Resource Delivering first MREO and validating recovery of additional critical elements — positioning Australia’s largest integrated clay hosted rare-earth resource with multi-metal potential. 2 Disclaimer Authorised by the Board of Critica Limited This Presentation (Presentation) has been prepared by Critica Limited (CRI or the Company) and is authorised by the Board of CRI. The information contained in this Presentation is a professional opinion only. Certain information in this Presentation has been derived from third parties and though CRI has no reason to believe that it is not accurate, reliable or complete, it has not been independently audited or verified by CRI. 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In particular, they speak only as of the date of this Presentation, they assume the success of CRI’s strategies, and they are subject to significant regulatory, business, competitive and economic uncertainties and risks. Actual future events may vary materially from the forward-looking statements and forward-looking information and the assumptions on which they are based. Recipients of this Presentation are cautioned to not place undue reliance on such forward- looking statements and forward-looking information. Basis of Preparation CRI has not completed a Scoping or Feasibility Study. References to development pathways are aspirational and do not imply economic viability. Inferred Mineral Resources are insufficient to support Ore Reserves and cannot underpin production targets or forecasts. Metallurgical results are preliminary testwork on selected samples; applicability across the deposit and at scale remains to be demonstrated. Future studies, permits and funding (including equity) may be required before any development decision. Competent Persons Statement The information in this report that relates to exploration results including geology interpretation, data preparation and data quality is based on work compiled by Dr. Stuart Owen who is a Member of the Australian Institute of Geoscientists. Dr. Owen is a permanent employee of Critica Limited and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC code). Dr. Owen consents to the inclusion in the report of the matters based on his information in the form and context in which they appear. This Presentation refers to Critica's mineral resource estimate at the Jupiter Project. The information in this Presentation that relates to that mineral resource estimate has been extracted from Critica's previous ASX announcement entitled Jupiter Maiden Resource – Australia’s Largest Clay Hosted which Critica announced to the ASX on 11 February 2025 and 13 August 2025 Jupiter Confirmed as Australia’s Largest MREO Clay Resource. A copy of the announcements are available at www.asx.com.au (ASXCRI) or at www.critica.limited. Critica confirms that it is not aware of any new information or data that materially affects the information included in that announcement and, in relation to the estimate of the mineral resource, confirms that all material assumptions and technical parameters underpinning the estimate in that announcement continue to apply and have not materially changed. The Competent Person in relation to the mineral resource estimate in that announcement was Rodney Brown. Critica confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from that announcement. The Information in this presentation relates to previous exploration results extracted from the following ASX announcements: • 10 & 17 November 2025 – Critica’s MREP Flowsheet Achieves 63% Gallium Leach Recovery • 28 October 2025 – Jupiter Delivers First High Grade 84% TREO MREP • 29 September 2025 – Consistent Bulk Sample Results Strengthen Jupiter Pathway • 1 September 2025 - Critica to produce high-grade REE concentrate at pilot plant • 26 August 2025 - ANSTO & Minutech engaged to produce first MREC from Jupiter • 13 August 2025 – Jupiter Confirmed as Australia’s Largest MREO Clay Resource • 16 July 2025 – Critica Advances Jupiter – Outstanding Magnet and HREO Grades • 28 May 2025 – Critica Commences Bulk Metallurgical Testwork • 5 May 2025 – Drilling Targets Restricted Heavy REE at Satellite Prospects • 11 February 2025 – Jupiter Maiden Resource – Australia’ Largest Clay Hosted • 23 January 2025 – Frist Pass Metallurgical Testwork Delivers 830% REE Upgrade Critica.limited ASX: CRI November 2025 The Problem: A Critical Supply Bottleneck Demand is Surging, Structural and Strategic • Electrification, AI, defence and energy transition driving long-term REE demand • This goes beyond metallurgy — it’s strategic Global Supply Chain Highly Concentrated1 • China dominates REE production and controls >98 % of gallium supply • Reports of delayed export controls — but geopolitical risk remains Western Supply Chains Realigning • For the West, it’s about custody of supply, not just access • The U.S.–Australia Critical Minerals Framework strengthens allied cooperation • Australia emerging as a trusted supplier to Western markets OEMs Seeking Traceable, Sustainable, Long-term Supply Average 6–18 years from discovery-to-production - structural lag constrains near-term supply2 Sources: 1 IEA; US Geological Survey; 2 IEA; S&P Global; 3 In July 2025, the U.S. Department of Defence (DoD) has agreed to a US$110/kg price floor for neodymium-praseodymium (NdPr), the key oxide used in high- strength permanent magnets. EVs Defense Platforms Robotics Wind Turbines AI Processors Magnet REEs power technologies such as: 3 U.S, EU, Japan, and Korea prioritising magnet REE supply with direct funding and stockpiling programs OEMs contracting earlier in the value chain to secure magnet metal supply for EV and renewable energy applications EU targets by 2030: 10% extraction, 40% processing, 25% recycling, and ≤65% from any single third country Policy & Funding Tailwinds Demand and Supply US$110/kg NdPr floor price set by U.S. DoD for domestic producers3 What This Means for Critica Critica fits that role — technically credible, commercially ready, delivering REEs and gallium from one integrated flowsheet. Critica.limited ASX: CRI November 2025 Critica’s Jupiter Project Jupiter & Brothers REE Project 1.8 Bt @ 1,700 ppm TREO (1,000 ppm cut off) Including 520 mt @ 2,200 ppm TREO (1,800 ppm cut off) Perth Kulin Project Geraldton • Australia’s largest and highest-grade clay-hosted resource1 • Magnet REEs (Nd, Pr, Dy, Tb) significant proportion of the reported grade distribution1 • Provides long-life, globally significant supply potential 4 The Solution Scale 01 Simplicity 02 • Beneficiation-first flowsheet validated — ~95 % mass rejection and 6–10× grade uplift achieved, producing a clean intermediate concentrate • Low U/Th and Tier 1 Western Australia location • First high-grade MREO (84 % TREO, 78 % recovery) produced from Jupiter concentrate • Gallium co-recovered within the same circuit, with ~63 % leach recovery • Pilot programs and hydromet at GAVAQ, ANSTO and Minutech advancing optimisation and data generation for Scoping Study and PFS Speed 03 1. Refer to Jupiter resource announcements dated 11 Feb, 13 Aug, 28 Oct and 10 Oct 2025 Critica.limited ASX: CRI November 2025 5 Jupiter: Scale A large-scale, high-grade clay-hosted resource - now validated through beneficiation and first product testwork 1.8Bt Global Resource TREO 1700ppm ~95% Mass Reduction Beneficiation testwork >800% Grade Uplift Beneficiation testwork 84% TREO First MREP Product 78% Recovery Illustrative only. Jupiter resource is Inferred (ASX: 11 Feb & 13 Aug 2025) and not directly comparable to peers with Indicated/Measured resources or advanced studies. Refer to Appendix C for source data for peer comparisons. Resource Tonnage (Mt) TREO Grade (ppm) North Stanmore: Victory Metals Splinter Rock: OD6 Cowalinya: Heavy Rare Earths Limited Salazar-Newmont-OConnor: West Cobar Metals Mt. Ridley: Mt. Ridley Mines Koppamurra: Australian Rare Earths Tower: Krakatoa Resources Jupiter: Critica Limited Jupiter High-Grade: Critica Limited 0 500 1,000 1,500 2,000 2,500 3,000 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 TREO Grade (ppm) Mt Australian Clay Hosted REE Deposits Tier 1 WA Location (Proven Mining Jurisdiction) U&Th Exceptionally Low ppm 63% Ga Integrated Flowsheet 63% Recovery 39ppm Ga 70kt Contained Ga2O3 640Mt MREO Resource MREO 487ppm Critica.limited ASX: CRI November 2025 Mineralisation: Near surface, homogeneous across 40km2 – constant & predictable Clean basket: Low U&Th – potential Sustainability benefits Growth potential: Jupiter <3% of Critica’s Brothers Project – flexibility & grow 6 Jupiter: Scale The Jupiter resource features consistent mineralisation across the deposit, with opportunities for expansion through targeted exploration Quality, Continuity & Growth Potential Critica.limited ASX: CRI November 2025 7 Jupiter: Simplicity Why clay-hosted matters – the key differentiator Image: Jupiter Project. Jupiter's clay-hosted REE mineralisation potential to offer significant processing advantages over hard rock deposits. The unique clay chemistry and structure enable physical separation and concentration using conventional, low-energy processes. • Located on pastoral leases with flat terrain and sparse vegetation — supporting low-cost mining and streamlined approvals • Native title has been extinguished across the project area, providing a clear tenure framework for development Low strip ratio, potentially simple mining 01 Beneficiate upfront, low footprint 02 • Not all clays are equal • Upfront beneficiation: ~95 % mass rejection, 6–10× upgrade • Lower waste, water, and reagent intensity Proven metallurgical responsiveness 02 • Same clay properties enabling REE upgrading also support recovery of additional critical elements within the existing circuit. These are aspirational statements and are not intended to be forecasts, as the Company does not yet have reasonable grounds to expect that the matters on this slide will be achieved Critica.limited ASX: CRI November 2025 8 Jupiter: Tier-1 Western Australia Infrastructure Advantage Jupiter is located within trucking distance of services, power and port infrastructure 1 Infrastructure rich Road > rail > port pathways; short haul to utilities 2 Proven mining jurisdiction Transparent approvals, Skilled workforce and OEM/contractor base Critica.limited ASX: CRI November 2025 Jupiter: Simplicity & Speed Jan 2025 – Laboratory Scale (50 kg): Proof-of-concept confirmed Jupiter’s amenability to physical upgrading May 2025 – Bulk Sample (400 kg): Composite dispatched to GAVAQ (Vietnam) for scale-up testwork Sept 2025 – Intermediate Product: ~95 % mass rejection and 6–10× TREO upgrade achieved; material distributed to GAVAQ, ANSTO & Minutech for hydromet programs Sept 2025 – Pilot Plant (3 t): Closed-circuit pilot commissioning underway to generate operating data and optimise product Oct 2025 – First MREO Produced: 84 % TREO at 78 % recovery; gallium co-recovered in same circuit, validating the integrated beneficiation-first flowsheet Sources 1 : ASX releases: 28 Oct 2025 & 10 Nov 2025. Co-product recoveries remain under evaluation. Based on results and programs disclosed to the ASX (28 Oct 2025, 10 Nov 2025). Metallurgical recoveries for co-products remain under evaluation and are not intended to imply economic viability. Critica.limited ASX: CRI November 2025 9 Next steps Disciplined Scale-Up to De-Risk the Flowsheet Our approach Critica’s disciplined scale-up program is designed to de-risk the Jupiter flowsheet at each stage — validating process performance from laboratory to pilot scale. Pilot Operations (Q4 2025 – H1 2026) - Run 3 t closed-circuit pilot to generate operating data and product for specification work Hydromet Optimisation (Q4 2025 – H1 2026) - Refine bake and leach parameters across GAVAQ, ANSTO & Minutech; evaluate alternate leach routes Co-Product Development (H1 2026) - Advance selective- precipitation trials for gallium; screen scandium and germanium recovery options Integration into Studies (H1 – H2 2026) - Feed pilot outcomes into Scoping Study (H1-26) and Pre-Feasibility Study (H2-26) Offtake & Strategic Partnerships (Ongoing) - Progress engagement with Western offtakers and downstream technology partners 10 Jupiter: Simplicity & Speed Validated Beneficiation-to-MREP and By-product Pathway The combination of ~95 % mass rejection and 6–10× upgrade, validated on a 400 kg bulk sample, demonstrates a simple, scalable beneficiation pathway now extended through to first MREP production (84 % TREO, 78 % recovery) and co-recovery of additional critical elements Key advantages: • A smaller leach circuit • Reduced reagent, water and energy use • Low U&Th levels provide potential favourable characteristic for handling and processing Preliminary large-scale testwork (400 kg bulk sample) indicates ~95% mass rejection and 6–10× upgrade prior to leach across multiple Jupiter ore types. Applicability across the broader deposit and at commercial scale remains to be demonstrated. These are aspirational statements and not intended to be forecasts - Applicability across the broader deposit and at commercial scale remains to be demonstrated. Mixed Rare Earth Product (MREP) - An intermediate product in rare earth processing, typically containing 30–50% TREO. MREP can be produced as a carbonate (MREC) or oxide (MREO) and is the preferred feedstock for downstream separation facilities. 84% TREO First MREP Product 78% Recovery Critica.limited ASX: CRI November 2025 11 Leadership Team Proven Track Record in Critical Minerals Project Delivery Jacob Deysel BSc Mining, MBA CEO – Mining engineer with 25+ years in global critical mineral leadership—from Rio Tinto to Rare Earths and UEC—expert at scaling projects into production. Jamie Byrde BComm, CA CFO – Finance professional with 20+ years in ASX-capable CFO and company secretary roles, specialising in governance, compliance and capital discipline. Dr. Stuart Owen BSc (Geology), PhD (Geology) Exploration Manager – PhD geologist with 25+ years of exploration success across four continents; led discovery of Paulsens gold and the Jupiter REE deposit. Dr. Natalee Bonnici BSc Hon (Geology), PhD (Geometallurgy) Senior Exploration Geologist – 15+ years as a Geologist and PhD geometallurgist experienced in linking mineralogy to metallurgical behaviours; part of the discovery of the Triumph VHMS deposit, Leonora WA; developed and delivered resources at Northern Star Kalgoorlie. Dr. Thi Thu Hien Dinh BSc (Mineral Processing), PhD (Metallurgy) Senior Metallurgist – PhD metallurgist with 23+ years in rare earths and battery metals; led processing teams across REE, lithium, and nickel projects. Tim Lindley MCom, BA, GAICD, FGIA Non-Executive Chairman – Seasoned ASX Chair and NED with 25 years in global investment banking (Morgan Stanley, Barclays, Deutsche and UBS), adept in equity raising, project finance and growth M&A. Nick Cernotta B.Eng (Mining) Non-Executive Director – Mining engineer with 40 years of global multi-commodity, corporate and operational leadership experience (Fortescue, Barrick, MacMahon). Independent NED and Chair roles across ASX-listed companies. • Proven track record in critical minerals project delivery • Experience from exploration through to production • Board and management aligned on disciplined execution • Deep WA industry, OEM and investor relationships Board Management Critica is not just a resource story — delivered by people who’ve done it before Critica.limited ASX: CRI November 2025 12 Critica Limited (ASX:CRI) Owner of Australia's Largest Clay REE Resource1 Company Snapshot ASX-listed Since 2006, critical minerals focused Ticker CRI.ASX Primary Project Jupiter Rare Earths Project (WA) Other Assets Mt Lindsay Tin-Tungsten (Tasmania) Jurisdiction 100% owned Australian portfolio Shareholder Summary 1. Refer MRE announced dated 11 February 2025 and MRE Update dated 13 August 2025. 2. Share price, market cap and EV as at 18 November 2025 including T1 and T2 of capital raising 17 Nov 25. 3. Cash as at 30 September 2025 plus R&D and net capital raising from T1 and T2. No debt. Refer to ASX 17 Nov 25. % Holding Top 20 Shareholders 22.69% WGS 2.5% Elphinstone Group 2.2% Board and Management 2.2% Lion Selection Group 2.0% NorthStar Impact Fund 1.7% Financial Snapshot 3.01Bn Shares on issue $96.3M ~$11.7M Cash3 Nil Debt $84.6M Enterprise Value2 Market Capitalisation2 $0.032 Last Price2 Share Price Performance (12 months) Critica.limited ASX: CRI November 2025 13 Investment Highlights • Australia’s largest clay-hosted magnet REE resource (~640 Mt @ ~490 ppm MREO) • ~680,000 t contained MREO (including Nd, Pr, Dy, Tb) • District-scale growth — Jupiter is one of six discoveries across Brothers (1,353 km²) Scale 01 Simplicity 02 Speed 03 • Clay-hosted advantage — beneficiate upfront before hydrometallurgy • Exceptional responsiveness — ~95% mass rejection & >800% upgrade • Low U/Th basket — cleaner, safer, easier to permit, smaller footprint • Active programs now — ANSTO, Minutech, GAVAQ pilot • Clear catalyst path — MREP samples, Scoping Study inputs • Disciplined funding — milestone-driven Resource > MREP & By-product Optimisation > Pilot Upscale > Scoping Study > Commercial Discussions > PFS Our advantage is simple: scale that overwhelms, metallurgical potential and a pathway that accelerates. Near-term value catalysts: These are aspirational statements and are not intended to be forecasts, as the Company does not yet have reasonable grounds to expect that the matters on this slide will be achieved Critica.limited ASX: CRI November 2025 Contact ASX: CRI Address: Level 2, 16 Altona Street, West Perth WA 6005 Phone: +61 8 6279 9428 Email: info@critica.limited Website: critica.limited Follow Us linkedin.com/company/criticaltd @Critica_CRI Investor Relations Dannika Warburton Investability investors@investability.com.au 15 Sustainability Advantage Built-In, Not Bolted-On Critica’s Jupiter project is being advanced with a focus on sustainability principles, leveraging geological and processing characteristics that have the potential to reduce environmental impact and align with global decarbonization objectives Mass rejection before leaching 95% Preliminary testwork indicates exceptionally low uranium and thorium content, significantly below regulatory thresholds — a favourable characteristic for handling and export Pilot-scale beneficiation results from a 400 kg bulk sample show ~95% mass rejection across multiple ore types, meaning substantially less material requires downstream processing and storage compared to untreated feed Flowsheet design under evaluation suggests lower water and energy intensity than direct-leach approaches, reflecting potential processing efficiencies Standard heritage assessment undertaken – low risk area Clean Geology Smaller Footprint Resource Efficiency Heritage Assessment Critica.limited ASX: CRI November 2025 16 Critica Limited (ASX:CRI) Strategic Optionality Mt Lindsay Tin Tungsten Project1 • Mt Lindsay is one of the largest undeveloped tin-tungsten deposits globally • Bankable Feasibility Study completed • Contained metal: • 81,000t of Tin & • 3,200,000 mtu Tungsten Trioxide (WO3) ~32,000t • Tin and tungsten prices are accelerating, driven by tightening global supply, renewed demand from electronics, semiconductors and defence sectors 1. Combined resource – Measured, Indicated & Inferred - Refer to ASX release 17 October 2012. Critica.limited ASX: CRI November 2025 17 Appendix A: Glossary Key Terms and Definitions 1 TREO/MREO Total Rare Earth Oxides / Magnet Rare Earth Oxides - MREO refers specifically to those rare earth elements used in permanent magnets (primarily Nd, Pr, Dy, Tb) 2 NdPr Neodymium and Praseodymium - The two most common rare earth elements used in permanent magnets, typically accounting for ~90% of magnet composition 4 MREP Mixed Rare Earth Product - An intermediate product in rare earth processing, typically containing 30–50% TREO. MREP can be produced as a carbonate or oxide and is the preferred feedstock for downstream separation facilities 3 Dy, Tb Dysprosium and Terbium - Heavy rare earth elements added to magnets to improve performance at high temperatures, critical for EV traction motors and wind turbines Critica.limited ASX: CRI November 2025 18 Appendix B: Jupiter Inferred Mineral Resource Estimate Mineral Resource Estimate prepared by globally recognised, tier one consultants, SRK Consulting. For full Jupiter MRE detail including all component REO grades and gangue material content refer to ASX Announcement 11 February 2025. Jupiter Inferred Grade-Tonnage Summaries Cut-off Tonnage TREO MREO La2O3 CeO2 Pr6O11 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb4O7 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Lu2O3 Y2O3 Ga2O3 TREO (ppm) (Bt) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) 1,000 1.78 1,651 383 342 762 81 284 41 9 25 3 14 2 6 1 5 1 74 39 1,800 0.52 2,169 499 444 1,023 106 371 53 11 31 4 18 3 8 1 6 1 90 42 Cut-off Tonnage TREO MREO La2O3 CeO2 Pr6O11 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb4O7 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Lu2O3 Y2O3 TREO (ppm) (Bt) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) 200 3.28 1,156 266 249 526 57 197 28 6 17 2 10 2 5 1 4 1 52 300 3.04 1,230 283 264 560 61 210 30 6 19 2 11 2 5 1 4 1 56 400 2.91 1,267 292 271 578 63 216 31 7 19 2 11 2 5 1 4 1 57 500 2.69 1,335 308 283 610 66 228 33 7 20 2 12 2 5 1 4 1 61 600 2.44 1,417 328 298 649 70 243 35 7 22 3 12 2 6 1 4 1 65 700 2.22 1,492 346 311 685 74 256 37 8 23 3 13 2 6 1 5 1 68 800 2.06 1,550 359 322 713 76 267 39 8 24 3 14 2 6 1 5 1 71 900 1.91 1,603 372 332 739 79 276 40 8 24 3 14 2 6 1 5 1 73 1,000 1.78 1,651 383 342 762 81 284 41 9 25 3 14 2 6 1 5 1 74 1,100 1.70 1,679 389 348 775 83 289 42 9 25 3 15 2 6 1 5 1 75 1,200 1.60 1,711 397 354 791 84 294 43 9 26 3 15 3 7 1 5 1 77 1,400 1.24 1,828 423 377 849 90 315 45 9 27 3 16 3 7 1 5 1 80 1,600 0.84 1,987 459 408 930 98 341 49 10 29 3 17 3 7 1 6 1 85 1,800 0.52 2,169 499 444 1,023 106 371 53 11 31 4 18 3 8 1 6 1 90 2,000 0.30 2,372 542 483 1,127 116 404 57 12 33 4 19 3 8 1 7 1 97 2,200 0.17 2,578 587 523 1,232 125 437 61 13 36 4 20 3 9 1 7 1 105 Critica.limited ASX: CRI November 2025 19 Appendix C: Source Data for Peer Comparisons Project Company Resource Mt TREO (ppm) Stage Source Caldeira Meteoric Resources Measured 37 2,983 PFS ASX Announcement. Maiden Barra do Pacu Resource adds strategic high-grade rare earths.15 April 2025. 02936637.pdf Indicated 629 2,668 Inferred 832 2,097 Total 1,497 2,359 Colossus Viridis Mining Measured 1 2,605 Pre-Scoping ASX Announcement. Colossus Delivers Largest Measured & Indicated Resource and Highest MREO Grade IAC Project Globally. 22 January 2025. 2924-02905018- 6A1247713 Indicated 329 2,680 Inferred 163 2,162 Total 493 2,508 Cowalinya Heavy Rare Earths Limited Inferred 159 870 Pre-Scoping ASX Announcement. Five-Fold Increase in mineral resources to 159 Mt @ 870 ppm Total Rare Earth Oxides at Cowalinya Project in Western Australia. 3 October 2023. 02720133.pdf Total 159 870 Ema Brazil Critical Minerals Indicated 248 759 Scoping Study ASX Announcement. Updated Mineral Resource for Ema 97% Increase of indicated tonnage. 21 February 2025. https://braziliancriticalminerals.com/announcements/6803971 Inferred 695 701 Total 943 716 Koppamurra Australian Rare Earths Measured 0.7 813 Scoping Study ASX Announcement. ASX Release. Significant Resource Expansion at Koppamurra. 30 September 2024. ASX:AR3 - Significant Resource Expansion at Koppamurra Indicated 112 750 Inferred 123 747 Total 236 748 Mt. Ridley Mt. Ridley Mines Inferred 168 1,201 Pre-Scoping ASX Announcement. Significant Resource Expansion at Koppamurra. 30 September 2024. ASX:AR3 - Significant Resource Expansion at Koppamurra Total 168 1,201 North Stanmore Victory Metals Indicated 176.5 477 Scoping Study ASX Announcement. North Stanmore advances as a global heavy rare earth clay deposit. 16 January 2025. 2924-02903539-6A1247110 Inferred 70.9 533 Total 247.5 493 PCH Project Appia Rare Earths and Uranium Group Indicated 6.6 2,513 Pre-Scoping CSE Announcement. Appia Files NNI 43-101 Technical Report on Maiden Indicated and Inferred Mineral Resource Estimate for PCH Ionic Adsorption Clay Project in Gois, Brazil. April 16 2024. 205668.pdf Inferred 46.2 2,888 Total 52.8 2,841 Rocha Da Rocha Brazilian Rare Earths Inferred 510 1,513 Pre-Scoping Brazilian Rare Earths. Prospectus. 7 December 2023. 2924-02755917-6A1187169 Total 510 1,513 Salazar-Newmont-West Cobar West Cobar Metals Indicated 44 1,229 Pre-Scoping ASX Announcement. Major Resource Expansions at Salazar for REEs, TiO2 and Scandium. 8 October 2024. ea9172ff-a94.pdf Inferred 186 1,166 Total 230 1,178 Tiros Resouro Strategic Metals Measured 367 4,100 Scoping Study TSXV Release. Tiros Measured and Indicated Resource increased by 37% to 1.4 billion tonnes at 12% TiO2 and 4,000 ppm TREO. 08 April 2025. 8f9caf36-25f.pdf Indicated 1,000 4,000 Inferred 500 3,700 Total 1,867 3,940 Tower Krakatoa Resources Indicated 40 824 Pre-Scoping ASX Announcement. Krakatoa Delivers maiden mineral resource at tower rare earth deposit. 21 November 2022. 02600437.pdf Inferred 60 852 Total 101 840 The peer comparison is illustrative only and not intended to imply economic viability or equivalence. Critica.limited ASX: CRI November 2025