Investor Presentation - Sydney Resources Roundup May 2026
Released
Released
Announcement PDF
Building a Critical Minerals Platform
|RIU Resources Round Up: 5 -7 May 2026 |ASX: CRI
Rare Earths + Yttrium | Tungsten | Tin | Gallium
Flagship rare earth platform with strategic exposure to defence
and technology metals
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 .
This Presentation contains general and background information about CRI’s current activities as
at the date of this Presentation and should not be considered to be comprehensive or to
comprise of all the information that an investor should consider when making an investment
decision . CRI is not responsible for providing updated information and assumes no responsibility
to do so . Recipients should conduct their own investigations and perform their own analysis of
the information, statements and opinions contained and this Presentation should be read in
conjunction with CRI’s other periodic and continuous disclosure announcements lodged with the
ASX .
This Presentation is for information purposes only . Neither this nor the information contained in it
constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale
of CRI shares in any jurisdiction . This Presentation is not investment advice or a recommendation
to acquire CRI securities and has been prepared without taking into account the recipient's
investment objectives, financial circumstances or particular needs . Recipients should seek
professional advice before deciding if an investment is appropriate .
All securities transactions involve risks, which include (among others) the risk of adverse or
unanticipated market, financial or political developments .
To the fullest extent permitted by law, CRI, its officers, employees, related bodies corporate,
agents and advisers expressly disclaim, to the maximum extent permitted by law, all liabilities
(however caused, including negligence) in respect of, make no representations regarding, and
take no responsibility for, any part of this Presentation and make no representation or warranty
as to the currency, accuracy, reliability or completeness of any information, statements, opinions,
conclusions or representations contained in this Presentation . No responsibility for any errors or
omissions from this arising out of negligence or otherwise is accepted .
Any forward -looking statements and forward -looking information included in this Presentation
involve subjective judgment and analysis and are subject to uncertainties, risks and
contingencies, many of which are outside the control of, and may be unknown to, CRI . 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 11February 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 :
• 14 April 2026 - Jupiter Pilot Plant Recovery Improves to 81% MagREO
• 16 February 2026 – Critica Produces First MREC from Jupiter at ANSTO
• 2 December 2025 – Second High -Grade MREP Shows Strong Magnet REE & Y Grades
• 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
• 1September 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
• 11February 2025 – Jupiter Maiden Resource – Australia’ Largest Clay Hosted
• 23 January 2025 – First Pass Metallurgical Testwork Delivers 830 % REE Upgrade
critica.limited
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2026
Critical Mineral Supply Chains Are Now Strategic Assets
3
China Dominance 1
~98% Gallium supply
~85%+ Rare earth
processing
~80%+ Tungsten &
downstream
~35%+ Refined tin supply
Market Shift
• Export restrictions (Nov 2025) tightening control
• Controls extending beyond REEs into technology metals
• Supply chains now driven by policy, not price
Urgency is Real 2
• Governments and OEMs moving upstream
• Defence supply chains targeting non -China sourcing by ~2027
What This Means
Western supply chains must be built, not sourced.
Critica is positioned across rare earths and critical minerals to
support non -China supply chain
"The issue is not access - it is custody of supply"
Sources : 1USGS Mineral Commodity Summaries (2024 –2025), 2.IEA Critical Minerals Market Review (2023 –2024), Adamas Intelligence
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2026
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Critical Minerals Power Strategic End Markets
Sources: PwC Sizing the Prize: What’s the Real Value of AI for Your Business? (2017, reaffirmed in PwC AI outlook updates 2023 –2024); Int ernational Energy Agency (IEA) Critical Minerals Market Review (2023,
2024) and Energy & AI (2024); U.S. Geological Survey (USGS) Mineral Commodity Summaries – Rare Earths (2024, 2025); U.S. Departm ent of Defense critical materials and industrial base disclosures (2021 –2024);
Adamas Intelligence rare -earth magnet demand analysis (2023 –2024); Visual Capitalist (DoD/USGS compiled data, 2023 –2024).
F -35 Fighter Jet
418 KG
Rare Earths Used
Nd Pr W Ga
Tb Y
Industrial Robots
1-3 KG
Rare Earths Used
Nd Pr Sm
Dy Tb Y
W
Ga
AI & Data Centres
100s KGs
Rare Earths Used
Nd Pr Ga
Dy Tb SC
Sn
Typical EV
1-4 KG
Rare Earths Used
Nd Pr Sm
Dy Tb Y
Sn
Sc
Rare Earths (NdPr)
• ~2 × increase (2025 to 2026)
• Policy support + tightening supply
• Demand remains price -inelastic
Critical
Minerals
Enter
Structural
Price
Re
-Rating
Phase
Defence
EVs / Electrification
AI / Data -centres
Robotics
Tungsten (W0 3 )
• ~5 × rebound from 2023 to 2024 lows
• Export controls + defence demand
• Structural supply constraint emerging
Tin (Sn)
• ~2.5 –3 × from 2022 -2023 lows
• Supply disruption (Myanmar/Indonesia)
• AI & data -center demand accelerating
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1. Refer to Jupiter resource announcements dated 11 Feb, 13 Aug, 10&28 Oct and 2 Dec 2025
2. Combined resource – Measured, Indicated & Inferred - Refer to ASX release 17 October 2012.
Critica: A Multi -Asset Minerals Platform
5
Flagship Asset: Jupiter Rare
Earth Project Western Australia
• Australia’s largest clay hosted REE
resource (~1.8Bt) 1
• Magnet + heavy REE’s ( Nd,Pr , Dy, Tb)
+ Yttrium
• Gallium & scandium co -products
• Scale, Simplicity and Speed to
product
Mt Lindsay Strategic Optionality
Tasmania
Strategic Optionality
• One of the largest undeveloped tin -tungsten
systems
• ~81 kt tin & ~3.2Mt mtu WO3 - (~32kt
tungsten) 2
• Defence , semiconductors & advanced
manufacturing exposure
• Underground Scoping Study commenced
Perth
Geraldton
Hobart
Aligned to Western defence , AI and electrification supply chain
Tier -1 jurisdictions Scale + strategic optionality
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Why Jupiter Wins
1.Refer to Jupiter resource announcements dated 11 Feb, 13 Aug, 10&28 Oct and 2 Dec 2025. TREO = Total Rare Earth Oxides | MREO = Mixed Rare Earth Oxides | MREC = Mixed Rare Earth Carbonate | Ga =
Gallium (Ga 2O3 eq.) | U/Th = Uranium & Thorium | ppm = parts per million |Bt /Mt/kt = billion/million/thousand tonnes
A Rare Earth Project Defined by Scale, Simplicity and Speed
Scale Simplicity
Speed Strategic Relevance
• ~1.8Bt resource
• Australia’s largest clay -
hosted REE system 1
• Magnet + heavy REE
exposure ( NdPr , Dy, Tb)
• Clay -hosted —no
drilling/blasting
• ~95%+ mass rejection
• Lower -cost processing
pathway
• Gallium (~70kt,
~63% extraction)
• Yttrium (~2.4% in
product; >30,000%
upgrade)
• Aligned West supply
chains
• 23 months: discovery
to commercial -grade
product
• MREO (86% TREO)
• MREC (58% TREO)
1.8Bt
Global Resource
~TREO 1,700ppm
~95%
Mass Reduction
>800%
Grade Uplift
MREC
Commercial -grade
product
TIER 1 WA LOCATION
Proven Mining Jurisdiction
A large -scale, low -cost REE system with demonstrated metallurgy
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Jupiter ~1.8 Bt Resource
Australia’s Largest Clay -Hosted Rare Earth System
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.
Source: . Jupiter resource is Inferred (ASX: 11 Feb & 13 Aug 2025) , Second High -Grade MREP Shows Strong Magnet
REE & Y Grades (ASX 2 Dec 2025)
Jupiter’s Scale and Geology
Scale & Definition: Over 30,000m drilled
Mineralisation: Near surface, homogeneous across 40km 2
Magnet plus heavy REE rich:
Nd, Pr , Tb & Dy = 23% of TREO
Other Critical minerals:
Yttrium
Gallium contained 70kt
Premium Fe concentrate by -product
Clean basket: Low Uranium & Thoruim
Jupiter currently represents <3% of Critica’s Brothers Project
landholding
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Designed for Simplicity, Cost and Permitting Advantage
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
Jupiter Tier 1 WA
Location –
infrastructure rich
Simpler Mining
• Flat, near -surface deposit
• Low strip ratio
• Clay hosted - no drilling/blasting required
Lower mining cost & operational complexity
Reduced Processing Intensity
• ~95% mass rejection before leaching
• Beneficiation -first flowsheet
• Lower reagent, water and energy intensity
• Low U/Th
Lower capital & operating cost
Infrastructure -Rich Location
• Highway through lease
• Two gas piplines crossing lease
• Power lines nearby
• Rail access within region
Limited new infrastructure required
Permitting & Sustainability Advantage
• Proven mining jurisdiction (WA)
• Flat terrain, Pastoral lease
• Native title extinguished
• Lower environmental intensity vs conventional REE processing
Simpler permitting pathway
Jupiter Lease area -
Feb 2026 drilling
campaign
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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 re mains to be demonstrated. These are
aspirational statements and not intended to be forecasts - Applicability across the broader deposit and at commercial scale rema ins 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.
95%+
Mass
reduction
Intermediate
Concentrate
6 -10X +
Grade uplift
4. Progressive Rehabilitation
Designed for downstream
integration (US, Japan, Korea)
2. Beneficiation First
3. Hydro Processing
1.Simple Mining
60%+ Fe Iron ore by -products
Ga + Sc by -products
MREO/MREC + Y
Simple Processing, Multiple Revenue Streams
Upgrade early - process less - unlock multiple products
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ASX:
CRI
May
2026
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Scoping Study Underway
Credible Execution
• Sedgman appointed as Lead Engineer
• Industry -recognised EPC with critical minerals experience
Integrated Study Scope
• Mining, beneficiation and processing integrated
• Resource update underway
• Metallurgical optimization ongoing
What This Delivers
• First independent view of project economics
• Defines base -case development pathway
• Unlocks funding, partner and offtake
First integrated assessment of mining, processing and economics
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May
2026
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Mt Lindsay: Strategic Tin & Tungsten
1. Strategic Exposure
• Tin and tungsten markets and supply chains have shifted
fundamentally over the last 12 months.
• Tin - semiconductors, electronics, AI infrastructure
• Tungsten - defence, advanced manufacturing
• Structural supply constraints emerging 1
• Policy -driven demand dynamics
2. Asset Positioning
• One of the largest undeveloped tin –tungsten projects
• Two magnetic rich skarn systems)
• 83,000m diamond drilled completed
• Resource:
• 81kt tin
• 3.2Mt mtu WO3 (~32kt tungsten)
• Open at depth
3. Development Pathway
• Underground Scoping Study commenced
• Partnership and offtake discussions progressing
• Development pathway being defined
• Positioned to unlock value in a supply -constrained market
World -Class Tin –Tungsten Province
>$12bn historical production
1.Goldinvest (Mar 2026) ; Reuters; industry data
Leverage to defence , semiconductors and critical mineral
supply chains
Mt Lindsay
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Near -Term Milestones
Maiden
Resource
(1.8Bt) 95% mass
rejection
validated (bulk)
86% MREO,
25% ( NdPr , Tb
and Dy) and Y
Commercial -
grade 84%
MREO & Ga
Extraction
Sedgman
appointed -
Scoping Study
underway
Drilling campaign:
resource upgrade
Metallurgical
optimisation
2025 2026
Achieved
Active
2023
Discovery of
Jupiter deposit
Next steps
Progression Jupiter through disciplined technical and commercial execution
Next Steps
Progression to
Prefeasibility Study
(PFS)
Demonstration Plant
Offtake &
strategic partner
engagement
Mt Lindsay
strategic refresh
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2026
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Critica Limited (ASX:CRI)
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 1 May 2026.
3. Cash as at 31 March 2026
% Holding
Top 20 Shareholders 22.41%
Financial Snapshot
3.02Bn
Shares on issue
$ 69.7 M
$7.75M
Cash 3
Nil
Debt
$ 61.9M
Enterprise Value 2
Market Capitalisation 2
$ 0.023
Last Price 2
Share Price Performance (12 months)
Owner of Australia's Largest Clay -hosted Rare Earth Resource 1
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2026
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Experienced Operators, Not Just Developers
• 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
Jacob Deysel – CEO
25+ years in global mining and critical minerals
Experience from Goldfields – Rio Tinto - Kenmare - UEC
Discovery – development – operating exposure
Jamie Byrde – CFO
20+ years in ASX -listed companies
Strong focus on capital discipline, governance and funding
A team combining discovery,
metallurgy, development and
capital markets expertise —
aligned to deliver
Dr. Stuart Owen – Exploration Manager
25+ years global exploration experience
Led discovery of Paulsens gold and Jupiter REE
Dr. Natalee Bonnici Senior Exploration Geologist
15+ years in geology and geometallurgy
Part of team that discovered Triumph VHMS; resource delivery at
Northern Star
Tim Lindley - Non -Executive Chairman
25+ years in global investment banking
Experience across equity raising, project finance and M&A
Dr. Thi Thu Hien Dinh - Chief Metallurgist
23+ years in rare earths and battery metals
Led REE, lithium and nickel processing teams
Nick Cernotta - Non -Executive Director
40+ years global mining leadership
Experience with Fortescue, Barrick, Macmahon
Proven Track Record in Critical Minerals Project Delivery
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ASX:
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2026
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Why Own Critica Now?
Not a single -asset story —a scalable critical minerals
platform
Market Timing
• Supply chains fragmenting
• Export controls expanding
• Governments moving upstream
• Pricing reset underway
1. Tier -1 critical minerals platform
• Rare earths (Jupiter ~1.8Bt resource)
• Tin & tungsten (Mt Lindsay)
• Gallium & scandium co -products
• Exposure across multiple strategic commodities
2. Demonstrated and scalable processing platform
• Beneficiation -first flowsheet validated (mass rejection + product
achieved)
• Multiple product pathways (MREO, MREC, by -products)
• Applicable across broader mineral system
3. Defined pathway across multiple assets
• Jupiter: Scoping Study - PFS pathway
• Mt Lindsay: Scoping Study + development optionality
• Parallel advancement of multiple value streams
4. Leverage to structural supply chain reconfiguration
• Exposure to REE, tungsten, tin, gallium
• Aligned to defence , AI, electrification
• Positioned across multiple constrained supply chains
Early-stage exposure to structural pricing across critical minerals
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ASX:
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May
2026
Contact
ASX: CRI
Address: Level 2, 16 Altona Street, West Perth WA 6005
Website: critica.limited
Follow Us
linkedin.com/company/ criticaltd
@Critica_CRI
Investor Relations
Dannika Warburton
Investability
investors@investability.com.au
Critica CEO
Jacob Deysel
Phone: +61 8 6279 9428
Email: info@critica.limited
17
Jupiter: 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
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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 –90% TREO. MREP can be produced as a carbonate (MREC) or
oxide (MREO) 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
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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 Febru ary 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 Ga 2O3
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
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Appendix C: Source Data for Peer Comparisons
Project Company Resource Mt TREO (ppm) Stage Source
Barkly Transition Minerals
Inferred 40 2,100
Pre -Scoping
ASX Announcement. Barkly Rare Earths Completes Successful IPO. 30
January 2026. ASX:BAK - Barkly Rare Earths Completes Successful IPO
Total 40 2,100
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
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 55.0 1,029
Scoping Study
ASX Announcement. Updated MRE identifies HREO/TREO ratios up to 83%.
02976976.pdf
Inferred 265.6 374
Total 320.6 486
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
Splinter Rock OD6
Inferred 682 1,338
Scoping Study
ASX Announcement. Mineral Resource Estimate Doubles at Splinter Rock
Rare Earth Project. 29 May 2024 . Mineral Resource Estimate Doubles at Splinter
Rock - OD6 Metals Limited (ASX:OD6) - Listcorp.
Total 682 1,338
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.
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2026
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