Critica Updates Mt Lindsay Mineral Resource to JORC 2012
Released
Released
Announcement PDF
ASX Announcement
14 September 2026 | ASX: CRI
CRITICA LIMITED
Level 2, 16 Altona Street,
West Perth, Western
Australia ABN 51 119 678 385
T: +61 8 6279 9428
E: admin@critica.limited
critica.limited
Critica Updates Mt Lindsay Tin-Tungsten Mineral Resource
to JORC 2012
Project-wide Mineral Resource of 19 Mt @ 1.09% SnEQ, containing 49 kt tin
and 28 kt WO₃ at a 0.4% SnEQ cut-off
Deposit Material
class
Million
Tonnes
SnEQ % Sn % WO3
%
DTR Mass
Recovery
%
Sn
tonnes
WO3
tonnes
Iron Ore
tonnes
Main &
No.2
Indicated 12 1.22 0.24 0.17 13 28,000 20,000 1,500,000
Main &
No.2
Inferred 2.3 0.85 0.16 0.12 12 3,800 2,700 280,000
Livingstone Inferred 4.4 0.88 0.29 0.11 na 13,000 4,700 na
Reward Indicated 0.34 1.06 0.81 0.05 na 2,700 150 na
Reward Inferred 0.23 1.07 0.78 0.05 na 1,800 120 na
PROJECT TOTAL
(INDICATED +
INFERRED)
19 1.09 0.26 0.15 9.3 49,000 28,000 1,800,000
Notes:
• na not estimated
• The formula used to calculate the Sn equivalent values for the Main and No.2 deposits is SnEQ (%) = Sn% + (WO3% x 5.556) + (DTR
Mass Recovery x 0.002556), and for Livingstone and Reward SnEQ % = Sn % + (WO3% x 5.556).
• The Sn equivalent formulae use a tin metal price of US$45,000/t, an APT (Ammonium Para Tungstate) price of US$2500/mtu (1mtu
=10kgs of WO3) and a 65% iron ore price of US$115/t. Copper is not included in the Sn equivalent.
• Iron Ore mass recovery was determined by Davis Tube Recovery (DTR) testing (90% of data set) and regression of the magnetic
susceptibility according to the formula DTR Mass Recovery % = Magnetic susceptibility 10-3 SI units x 0.0318 + 4.6278 as established
from the DTR work.
• Pilot-scale test work on approximately 3 tonnes of representative Main and No.2 deposit material produced a 45% Sn concentrate at an
overall tin recovery of 72%, a tungsten concentrate exceeding 66% WO₃ at an overall tungsten recovery of 83% to APT, and a 65% Fe Iron
Ore at 98% recovery (refer Venture Minerals announcement to ASX dated 31 August 2012).
• Further bulk and pilot metallurgical test work is in progress on selected mineralisation types to optimise concentrate grades and
recoveries.
• In the Company’s opinion, all elements included in the metal equivalent calculation have a reasonable potential to be recovered and
sold.
• Project Total comprises Indicated and Inferred Mineral Resources. Figures may not sum due to rounding.
• Refer to Table 1 notes for further details regarding metal equivalents.
2
Critica Limited (ASX: CRI) (“Critica” or “the Company”) is pleased to announce the restatement of the
Mineral Resource Estimate (MRE) for its 100%-owned Mt Lindsay Tin-Tungsten Project in northwest
Tasmania in accordance with the JORC Code (2012).
The restated Mineral Resource encompasses the Main and No.2, Livingstone and Reward deposits,
providing a current JORC 2012 resource base for the continued evaluation and advancement of the Mt
Lindsay Project, as set out in Table 1.
Critica’s CEO Jacob Deysel commented:
“Mt Lindsay is one of Australia’s largest undeveloped tin-tungsten resources with both metals playing
vital role in modern industry. Tungsten is a critical mineral with essential applications across defence,
aerospace and advanced manufacturing, while tin is fundamental to electronics and semiconductors.
The JORC 2012 restatement provides a clear and current view of the scale and quality of the Mt Lindsay
Mineral Resource, with a project-wide Mineral Resource of 19 Mt @ 1.09% SnEQ, containing
approximately 49 kt of tin and 28 kt of WO₃ at a 0.4% SnEQ cut-off, comprising Indicated and Inferred
Resources.
The timing is also compelling. Tin and tungsten markets have strengthened significantly, while the
strategic importance of secure Western supply chains for these metals continues to grow.
With its substantial tin and tungsten resource, established infrastructure advantages and location in
Tasmania, we believe Mt Lindsay has the potential to become an important Australian source of these
strategically important metals.”
Mt Lindsay Highlights
• 19 Mt @ 1.09% SnEQ (Indicated and Inferred), containing approximately 49 kt
tin and 28 kt WO₃, at a 0.4% SnEQ cut-off.
• Indicated Resources of approximately 12 Mt, containing approximately 31 kt
tin and 20 kt WO₃.
• One of Australia’s largest undeveloped tin-tungsten resources, located in the
established mining region of northwest Tasmania.
• Significant tungsten resource of approximately 28 kt contained WO₃, provides
exposure to a critical mineral vital to defence, aerospace and advanced
manufacturing.
• Strategic exposure to both tin and tungsten, supporting technologies and
industries increasingly important to secure Western supply chains.
• Extensively drilled mineral system, with more than 88,000 metres of diamond
drilling completed across the Project.
• Established infrastructure advantage, with access to existing road and power
infrastructure, including Tasmania’s renewable hydroelectric power network.
• Resource growth potential, with the Main and No.2 mineralised systems
remaining open down plunge.
• Mt Lindsay and Jupiter Scoping Studies progressing, both targeted for
completion by end Q3 2026.
3
Mt Lindsay Mineral Resource
The Mt Lindsay Mineral Resource comprises the Main and No.2, Livingstone and Reward deposits, which
together form the JORC 2012 Mineral Resource reported in this announcement.
Figure 1 | High-Grade Tungsten Mineralisation at Mt Lindsay
Figure 1 | High-grade tungsten mineralisation at Mt Lindsay. Scheelite (tungsten mineral) fluorescing under ultraviolet
light in drill core from ML340M, which intersected 147m @ 1.0% Sn and 0.2% WO₃. Refer ASX announcement dated
16 December 2021.
Figure 2 | Mt Lindsay Tin-Tungsten Deposits and Priority Targets
Figure 2 | Mt Lindsay Project showing the Main and No.2, Livingstone and Reward deposits that comprise the Mineral
Resource reported in this announcement, together with other known mineralised areas and priority exploration
targets.
4
Historical Resource Context
Mt Lindsay has a long history of exploration and resource definition, with more than 88,000 metres of
diamond drilling completed across the Project by previous owners and Critica (formerly Venture Minerals
Limited).
Previous Mineral Resource estimates for Mt Lindsay were prepared and reported under an earlier edition
of the JORC Code. The Mineral Resource reported in this announcement restates the Main and No.2,
Livingstone and Reward deposits in accordance with the JORC Code (2012), based on the available
geological, drilling, sampling and estimation information.
Project Location and Infrastructure
The Mt Lindsay Project is located in northwest Tasmania, approximately 20 kilometres west of the
Renison Bell tin mine, within an established mining district.
The Project benefits from access to existing road and power infrastructure, including Tasmania’s
established hydroelectric power network.
Figure 3 | Mt Lindsay Location and Established Infrastructure
Figure 3 | Location of Critica’s wholly owned Mt Lindsay Tin-Tungsten Project in northwest Tasmania. The Project is
situated within an established mining region with access to existing road and power infrastructure, including
Tasmania’s hydroelectric power network.
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Mineral Resource Estimation Details
The following is a material information summary relating to the MRE, consistent with ASX Listing Rule
5.8.1 requirements. Further details are provided in JORC Code Table 1, which is included as Appendix A.
Geology and Geological Interpretation
The Mt Lindsay tin, tungsten and magnetite deposits are hosted by the Neoproterozoic Success Creek
Group and Crimson Creek Formation within the southern contact metamorphic aureole of the Meredith
Granite. The Meredith Granite is part of a suite of Devonian granites associated with significant tin-
tungsten mineralisation in Tasmania, and deposits associated with this suite include the Renison Bell and
Mt Bischoff tin mines, the Cleveland tin-copper mine, and the King Island tungsten mine. Exploration
indicates the presence of at least eight magnetite-tin-tungsten skarn, greisenised skarn and carbonate
replacement deposits in the Mt Lindsay area. The Main and No.2 deposits are hosted by calcareous
sandstone horizons within the Crimson Creek Formation, while the Reward and Livingstone deposits are
hosted by dolostone and conglomerate units straddling the boundary of the Success Creek Group and
Crimson Creek Formation.
The Main and No.2 deposits strike east southeast away from contact with the Meredith Granite and dip
ranges from c. 75° NE to 65° SW (Figures 6 and 7). The granite contacts and lower margin of mineralisation
dip moderately to the southeast beneath the Main and No.2 deposits, and granite dykes flank the down
dip parts so that the skarns form keels plunging away to the southeast (Figure 6). Magnetite, tin and
tungsten mineralisation is intermittently exposed at the surface for c. 950 m along the Main skarn and c.
750 m for the No.2 skarn, then the top of mineralisation plunges moderately southeast at 20-50° for at
least a further 200-1200 m for both deposits. True mineralisation thickness within each deposit is typically
10-35 m, and in parts reaches c.70 m. Approximately 150-200 m of hornfels separate the Main and No.2
skarns, and both deposits are cut and offset approx. 60 m into two parts each by the southeast dipping
Tulloch Fault. The Livingstone and Reward deposits are moderately to steeply dipping bodies hosted by
carbonates that form keels within the margin of the Meredith granite and plunge moderately southeast
from gossan outcrops that were historically mined for tin.
Figure 4 | Main and No.2 Deposit Geology and Mineralisation
Figure 4 | Geological interpretation of the Main and No.2 deposits showing the principal geological units and key tin
and tungsten mineralisation trends.
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Figure 5 | Main and No.2 Mineralisation Models
Figure 5 | Oblique 3D views of the Main and No.2 mineralisation models (purple and blue, respectively) within
southeast-plunging furrows in the Meredith Granite (pink). Ground surface is shown by the brown mesh; sedimentary
wall rocks and the Tulloch Fault are omitted for clarity.
Figure 6 | Livingstone and Reward Mineralisation Models
Figure 6 | Oblique 3D views of the Livingstone and Reward mineralisation models (light and dark green, respectively)
within southeast-plunging furrows in the Meredith Granite (pink). Carbonate host units are omitted for clarity.
Drilling Methods
Some 428 diamond core drill holes for 78,556 m were used to geologically define the resources reported
here, including 49 holes for 11,787 m drilled by previous explorers. Of this drilling some 122 holes for
25,582 m pierced the Main deposit resource, 134 holes for 27,650 m pierced the No.2 deposit (six holes
pierced the immediately adjacent Main and No.2 deposits), 52 holes for 7,198m pierced the Livingstone
deposit and 20 holes for 2,953 m pierced the Reward deposit. Of the total 323 drill holes used for the
reported resource estimation some 21 holes for 4,761 m core of mainly BQ size (36.5mm diameter) were
drilled by the previous owners; the other 302 drill holes for 56,965 m were drilled by Venture Minerals with
most of the core being NQ size (47.6mm diameter) and HQ size (63.5mm diameter).
Drill hole spacing within the Main and No.2 deposits ranges from approximately 20 m by 10 m to a
maximum of c. 120 m, and drill hole spacing in the Livingstone and Reward deposits ranges from
approximately 25 m by 10 m to a maximum of c. 100 m.
7
Sampling and Assay Methods
All Venture Minerals drill core was sampled by core saw in a continuous and volumetrically consistent
basis in largely 2 m intervals through the mineralised zones. Previous owners’ drill core was sampled in a
similar way by core saw or core splitter generally in 3 feet or 1 metre intervals. Approximately one quarter
core field duplicate per mineralised zone was submitted for assay by Venture Minerals.
Venture Minerals drill core samples were submitted to ALS Geochemistry and SGS for preparation and
assaying. All assays used for the Mineral Resource estimation were completed by laboratory XRF.
Previous owners generally determined Sn and WO3 by XRF and previous owner assays were used for 18
drill holes (c.4% of total assays).
The current estimate was modelled from generally 2 m downhole composites, consistent with the
dominant sample interval. Irregular composites do not account for a significant proportion of the final
datasets. DTR Mass Recovery, representing the proportion of resource recoverable as a magnetite Iron
Ore concentrate, was determined by Davis Tube Recovery (DTR) analyses for 90% of the composited
assay intervals used in the Main and No.2 Mineral Resource estimation. DTR Mass Recovery for the
remaining assay intervals was calculated by regression of the magnetic susceptibility according to the
formula DTR Mass Recovery % = Magnetic susceptibility 10-3 SI units x 0.0318 + 4.6278.
Quality Assurance and Quality Control Procedures
The data collection programs included industry-standard quality assurance and quality control (QAQC)
procedures. Venture Minerals QAQC samples included assay standards (approximately 1 per 20 samples)
and field duplicates (typically one quarter core duplicate per mineralised zone) submitted with each drill
hole, together with blanks, independent laboratory checks, field and laboratory sample weight
monitoring, and periodic laboratory grinding checks. The QC data is considered acceptable for the
Mineral Resource estimate. No QC information was available for drilling completed by previous owners;
however, results from drilling conducted in separate campaigns are considered compatible. Drill hole
spacing was such that twinned drill holes were not considered necessary. Data was collected, received
and stored in industry-standard ways, and no adjustments were made to assay data supplied by the
laboratories.
Bulk Density
Bulk densities for the Mineral Resource estimates were determined using volumetric and relative mass-
in-air and mass-in-water methods on the drill core on a routine basis. Fresh rock zone densities for the
Main and No.2 deposits were interpolated to the block model using the same technique as for grade
estimation, with a separate domain created for weathered materials (clay saprolite zone) and assigned an
average density 1.7 t/m3
. The mean density for the Main Skarn was 3.39 t/m3
, whilst for the No. 2 Skarn it
was 3.58 t/m3
. Densities for the Livingstone and Reward deposits were interpolated to the block model
using the same technique as the grade estimation. Average densities were 2.58 t/m3
for the Livingstone
deposit and 2.21 t/m3
for Reward.
Mineralisation Modelling and Estimation Methodology
Three-dimensional mineralisation wireframes were created for all deposits via cross sectional
interpretation in Micromine software to constrain the block modelling and resource estimation. Lower
grade thresholds of c. 0.1% Sn, 0.05% WO3 and 15% DTR Mass Recovery at minimum widths of c. 2-4 m
were adopted for the mineralisation wireframing. Isolated pods of mineralisation c. <2 m without
demonstrable continuity were not modelled. Four discrete wireframes were created for the tin and DTR
Mass Recovery and three for tungsten mineralisation within the Main and No. 2 deposits. These
wireframes were then divided into geometrical subdomains, resulting in a total of 16 domains (six for tin,
five each for tungsten and DTR Mass Recovery) and were filled with blocks of 10 m x 5 m x 2.5 m xyz
dimension with 2.5 m x 2.5 m x 1.25 m sub-blocking. Two mineralisation wireframes were created for the
Livingstone deposit and four for the Reward deposit, and all were filled with blocks of 10 m x 5 m x 2.5 m
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xyz dimensions with 2.5 m x 2.5 m x 1.25 m sub-blocking. The mineralisation wireframes cover approx.
1,300 m strike extent of the Main skarn and 1,500 m strike extent of the No.2 skarn, from surface to a
depth of c. 600 m, and are typically 20-40 m thickness, locally up to c. 60 m thickness. The Livingstone
mineralisation model has c. 1,700 m strike extent and reaches up to 90 m thickness extending from
surface to c. 250 m depth. The Reward model has c. 500 m strike extent, up to 70 m combined lode
sectional thickness and reaches c. 150 m depth from surface outcrop.
A minor amount of mineralisation is beyond the wireframes and excluded from this Mineral Resource
estimate because of uncertain continuity, narrowness (<2-4m) or low grade. Sn, WO3, DTR Mass Recovery
and Cu intersections from within the wireframes relevant to this Mineral Resource estimate are listed in
Table 2 below. Cu was not used to define the mineralisation wireframes. Statistical evaluation,
geostatistical modelling and the 3D block modelling was then carried out by suitably qualified Venture
Minerals personnel using Micromine software.
Directional semi variograms show ranges of c. 70 m for DTR Mass Recovery within the Main deposit, and
c. 70 m for high grade and c. 40 m for low grade DTR Mass Recovery populations within the No.2 deposit.
Sn and WO3 populations are positively skewed and variography was performed on logarithmic scales. Top
cuts of 10% and 4% were applied to Sn and WO3 respectively. Variograms show a primary down plunge
axis range of 70 m for both Sn and WO3 in the Main deposit, and 70 m for Sn in the No.2 deposit. WO3
variograms for the No.2 deposit show a range of 60 m in the primary down plunge axis. Sn, WO3 and DTR
Mass Recovery grades were then interpolated via Ordinary Kriging to the Main and No.2 deposit block
models separately, with an initial search ellipse of 69 m x 53 m x 6 m for DTR Mass Recovery, 68 m x 70 m
x 8 m for Sn and 73 m x 40 m x 8 m for WO3, oriented parallel to the strike and dip of the mineralised skarn,
as indicated by the variography supported grade x thickness long sectional interpretation. The initial
searches were followed by progressively more relaxed searches using ellipses of the same dimensional
ratio until all blocks were assigned a Sn, WO3 and DTR Mass Recovery values. Four sectors were used for
each search ellipse with a maximum of 10 points per sector, and a minimum of 4 points for the first
search followed by more relaxed search criteria down to a minimum of 2 points for subsequent searches.
After validation the separately estimated Sn, WO3 and DTR Mass Recovery were then written to one block
model for the Main and No.2 deposits, along with combined mineralisation wireframes. Grade histograms
indicate single Cu population with low variability, and Cu was estimated into the Main and No.2 block
model using Inverse Distance Squared methodology with an initial search ellipse of 50 m x 25 m x 8 m
oriented parallel to the strike and dip of the mineralisation wireframes. Four sectors were used for each
search ellipse, with a maximum of 6 samples per sector.
Sn and WO3 grades were estimated to the Livingstone block model by Ordinary Kriging, with initial search
ellipses of 30 x 10 x 7 m for Sn and 25 x 15 x 9 m for WO3 as determined by variography. Four sectors were
used for each search ellipse with a maximum of 6 points per sector, and a minimum of 3 points for the
first search followed by more relaxed search criteria down to a minimum of one point for subsequent
searches. Sn and WO3 grades were estimated to the Reward model using the Inverse Distance Squared
method with an initial search ellipse of 25 x 25 x 5 m oriented parallel to the strike and dip of the
mineralised skarn. Four sectors were used for each search ellipse with a maximum of 6 points per sector,
and a minimum of 3 points for the first search followed by 2 points for subsequent searches.
9
Figure 7 | Key Sn, WO3 and DTR Mass Recovery semi variograms.
Main deposit Sn variogram, primary direction
No.2 deposit Sn variogram, primary direction
Main deposit WO3 variogram, primary direction
Main deposit DTR Mass Recovery variogram, primary direction
10
No.2 deposit WO3 variogram, primary direction
No.2 deposit high-grade DTR Mass Recovery variogram, primary direction
No.2 deposit low-grade DTR Mass Recovery variogram, primary direction
Figure 7 | Key directional semi-variograms for Sn (tin), WO₃ (tungsten) and DTR Mass Recovery used in the Mineral
Resource estimation.
The final models were graphically reviewed in Micromine. The models were coloured by different
attributes and overlain on section and flitch with the supporting drill hole data for visual validation.
SWATH plots were created to compare block model grade and density estimates with the corresponding
composited downhole assay dataset.
Mineral Resource classification for the Main and No.2 deposits was based on the variography run during
the Ordinary Kriging estimation process for tungsten (with the shortest principal ranges). Indicated
Resources are for continuous areas where the majority of blocks are estimated within twice the range of
the variograms which coincide with an appropriate level of data quality, quantity and confidence in the
geological interpretation (equates to zones of drill spacing c. 20-50 m along strike by 10-25 m down dip).
All areas outside of the Indicated Resources have been classified as Inferred.
Mineral Resource classification for Reward has been based on the estimation run during the Inverse
Distance Weighted process. Indicated Resources are for continuous areas where the majority of blocks
are estimated within the range of the minimum drill hole spacing and which coincide with higher levels of
data quality, quantity and confidence in the geological interpretation (effectively drill spacing of c. 20-50
11
m along strike and 10-20 m down dip). All areas outside of the Indicated Resources have been classified
as Inferred. The Livingstone deposit is currently entirely classified as Inferred.
The estimated resources are reported in Table 1 rounded to 2 significant figures in accordance with
recommendations of the JORC code.
Figure 8 | Plan view of Main and No.2 resource block models showing drill holes traces and sections.
Figure 9 | Main and No.2 resource block model sections, locations as shown on the block model
plan.
12
Figure 10 | Livingstone and Reward resource block models showing section lines and drill holes
traces.
Figure 11 | Livingstone and Reward resource block model sections, locations as shown on the block
model plan.
Reporting Cut-off grades
Resources at a range of cut-offs relevant to development considerations are presented in Table 1,
demonstrating grade and tonnage sensitivity to cut-off selection.
A lower cut-off of 0.4% SnEQ is currently preferred for reporting of the Mt Lindsay Project Mineral Resources, taking
into consideration continuity and distribution of mineralisation, metallurgical recoveries of tin, tungsten and
magnetite Iron Ore, and commodity pricing. Ongoing metallurgical work, mining, processing and financial studies
and commodity pricing may make different cut-offs preferable in the future.
13
Mining Factors or Assumptions
The combined use of lower-grade thresholds of 0.1% Sn, 0.05% WO₃ and 15% DTR Mass Recovery,
together with minimum mineralisation widths of approximately 2–4 m for wireframing and the exclusion of
isolated pods of mineralisation, accounts for minimum mining widths suitable for open cut and
underground mining methods.
Metallurgical Factors or Assumptions
Geological logging and petrography indicate the widespread occurrence of cassiterite in the deposits.
Logging with a shortwave ultraviolet lamp and petrography indicates the dominant tungsten mineral is
scheelite. Chalcopyrite is the dominant copper mineral.
Bench and bulk metallurgical test work at commercial metallurgical laboratories supervised by Venture
Minerals and consultant metallurgists established a processing flowsheet incorporating magnetic
separation, gravity separation and flotation to produce tin, tungsten and magnetite Iron Ore concentrates.
Pilot-scale test work on approximately 3 tonnes of representative Main and No.2 Skarn material produced
a 45% Sn concentrate at an overall tin recovery of 72%, a tungsten concentrate exceeding 66% WO₃ at an
overall tungsten recovery of 83%, and a 65% Fe magnetite Iron Ore concentrate at 98% recovery (refer
Venture Minerals announcement to ASX dated 31 August 2012).
Iron Ore mass recovery was determined for c. 90% of the assay intervals by Davis Tube Recovery (DTR)
testing, and for the remaining assay intervals estimated by regression of the magnetic susceptibility
according to the formula DTR Mass Recovery % = Magnetic susceptibility 10-3 SI units x 0.0318 + 4.6278
as established from the DTR work.
Metallurgical bulk test work is in progress on selected mineralisation types to improve and optimise
concentrate grades and recoveries.
Figure 12 | High-Grade Tungsten Mineralisation at Mt Lindsay
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Figure 12 | Scheelite (CaWO₄), the principal tungsten-bearing mineral at Mt Lindsay, fluorescing under shortwave
ultraviolet light in drill core from the Main deposit. Metallurgical drill hole ML340M intersected 147 m @ 1.0% Sn and
0.20% WO₃. Refer ASX announcement dated 16 December 2021.
Figure 13 | High-Grade Tin Mineralisation at Mt Lindsay
Figure 13 | Cassiterite (SnO₂), the principal tin-bearing mineral at Mt Lindsay, in drill core from the Main deposit.
Metallurgical drill hole ML340M intersected 147 m @ 1.0% Sn and 0.20% WO₃. Refer ASX announcement dated 16
December 2021.
Authorised by the Board of Critica Limited.
15
Jacob Deysel
CEO
Critica Limited
Level 2, 16 Altona Street, West Perth, Western Australia
T: + 61 8 6279 9428 | admin@critica.limited | critica.limited
Investor and Media Relations
Dannika Warburton
Investability Partners
investors@investability.com.au
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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.
The information in this announcement that relates to the Mineral Resource estimates for Mt Lindsay is
based on, and fairly represents, information and supporting documentation prepared by Dr. Stuart Owen
who is a member of the Australian Institute of Geoscientists. The information includes the mining and
metallurgical assumptions used in reporting the Mineral Resource. Dr. Owen has sufficient experience
16
that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity
he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the 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.
The information in this announcement that relates to previously reported Exploration Results and
metallurgical test work has been extracted from the Venture Minerals Limited ASX announcements
“Record Breaking Drill Intersection at Mount Lindsay – 147 metres @ 1.0% Tin” dated 16 December 2021
and “Pilot Scale Metallurgy Confirms Excellent Recoveries at Mt Lindsay” dated 31 August 2012. Critica
confirms that it is not aware of any new information or data that materially affects the information
included in those announcements and that the form and context in which the Competent Person’s
findings are presented have not been materially modified from those announcements.
Forward Looking Statements
This ASX announcement contains certain statements that may constitute “forward looking statement”.
Such statements are only predictions and are subject to inherent risks and uncertainties, which could
cause actual values, results, performance achievements to differ materially from those expressed,
implied or projected in any forward looking statements.
Forward looking statements are statements that are not historical facts. Words such as “expect(s)”,
“feel(s)”, “believe(s)”, “will”, “may”, “anticipate(s)” and similar expressions are intended to identify
forward-looking statements. These statements include, but are not limited to statements regarding future
production, resources or reserves and exploration results. All such statements are subject to certain risks
and uncertainties, many of which are difficult to predict and generally beyond the control of the
Company, that could cause actual results to differ materially from those expressed in, or implied or
projected by, the forward-looking information and statements.
These risks and uncertainties include, but are not limited to: (i) those relating to the interpretation of drill
results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations,
(ii) risks relating to possible variations in reserves, grade, planned mining dilution and ore loss, or recovery
rates and changes in project parameters as plans continue to be refined, (iii) the potential for delays in
exploration or development activities or the completion of feasibility studies, (iv) risks related to
commodity price and foreign exchange rate fluctuations, (v) risks related to failure to obtain adequate
financing on a timely basis and on acceptable terms or delays in obtaining governmental approvals or in
the completion of development or construction activities, and (vi) other risks and uncertainties related to
the Company’s prospects, properti
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