Announcement PDF Building a Critical Minerals Platform Tribeca Future Facing Symposium: Singapore, August 2026 | ASX: CRI Rare Earths + Yttrium | Tungsten | Tin | Gallium Diversified critical minerals platform with strategic exposure to technology metals and defence 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 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: • 18 Aug 2026 – Critica Advances Mt Lindsay Tin-Tungsten Underground Project • 4 Aug 2026 – Jupiter Hydromet Cuts Acid Consumption by Approximately 30% • 13 July 2026 - Critica Confirms High-Grade Rare Earth Zones at Jupiter • 27 May 2026 - Jupiter Pilot Plant Delivers 14x Rare Earth Upgrade • 20 May 2026 - Critica Secures $300,000 MRIWA and RTCM Trailblazer Funding • 18 May 2026 - Critica Produces 97% TREO Third MREO from Jupiter • 5 May 2026 - Critica Appoints DRA Global for Mt Lindsay Underground Scoping Study • 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 • 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 – First Pass Metallurgical Testwork Delivers 830% REE Upgrade critica.limited ASX: CRI August 2026 Critical Mineral Supply Chains Are Now Strategic Assets 3 Supply is highly concentrated1 ~98% Gallium supply ~85%+ Rare earth processing ~80%+ Tungsten & downstream ~35%+ Refined tin supply Policy is now driving supply chains2 Critica is positioned where the market is heading "The issue is not access - it is security of supply" Sources: 1USGS Mineral Commodity Summaries (2024–2025), 2International Energy Agency, Financial Times, European Commission (2025–2026). The World is Moving from "Just in Time" to "Just in Case" These are the exact commodities Critica is developing across Jupiter and Mt Lindsay • US$6.5 trillion of downstream industrial production outside China could be at risk if China's expanded rare earth export controls are fully implemented (IEA). • ~US$65 billion in public funding has been committed globally to develop new critical mineral supply chains (IEA). • Governments are shifting from lowest-cost sourcing to secure, diversified and trusted supply. • China’s expanded export controls are suspended, not removed, with reinstatement expected from October 2026 when the one-year US-China truce expires (Financial Times). Building trusted Australian supply for Western economies: ✓ Jupiter: Rare Earths, Gallium, Yttrium, Scandium ✓ Mt Lindsay: Tin, Tungsten critica.limited ASX: CRI August 2026 4 Critical Minerals are Price Inelastic and Demand is Accelerating Sources: PwC Sizing the Prize: What’s the Real Value of AI for Your Business? (2017, reaffirmed in PwC AI outlook updates 2023–2024); International 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. Department 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 Defence EVs / Electrification AI / Data-centres Robotics Tungsten (W03) • ~8× rebound from 2023 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 Critical Minerals Enter Structural Price Re-Rating Phase critica.limited ASX: CRI August 2026 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 Tier-1 jurisdictions Scale + strategic optionality across two projects 1. Jupiter Rare Earth Project • Australia's largest clay-hosted rare earth resource (~1.8 Billion tonnes)1 • Exposure to NdPr, Dy, Tb, Y and gallium • Simple clay-hosted geology with a scalable development pathway • Scoping Study underway to support funding, strategic partnerships and offtake 2. Mt Lindsay Tin-Tungsten Project • One of Australia's largest undeveloped tin- tungsten projects2 81kt Tin & 32kt Tungsten • Exposure to defence, semiconductor and advanced manufacturing supply chains • Scoping Study evaluating a lower-impact underground development concept • Strategic opportunity to support secure Western tungsten and tin supply 1 2 Aligned to AI, technological manufacturing and defence, critica.limited ASX: CRI August 2026 Jupiter Project “Australia’s largest Rare Earth deposit hosted in clay” Rare Earths | Yttrium | Gallium 7 Why Jupiter Wins 1.Refer to Jupiter resource announcements dated 11 Feb, 13 Aug, 10&28 Oct and 2 Dec 2025, and metallurgical results announced 18 & 27 May 2026. TREO = Total Rare Earth Oxides | MREO = Mixed Rare Earth Oxides | MREC = Mixed Rare Earth Carbonate | Ga = Gallium (Ga2O3 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 system1 • 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 (97% TREO) • MREC (58% TREO) 1.8Bt Global Resource ~TREO 1,700ppm ~95% Mass Reduction Up to 14x Grade Uplift MREC Commercial-grade product A large-scale, low-cost REE system with demonstrated metallurgy Jupiter currently represents <3% of Critica’s Brothers Project landholding critica.limited ASX: CRI August 2026 8 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), resource definition drilling results (ASX, July 2026) Jupiter’s Scale and Geology Scale & Definition: Over 30,000m drilled 145-hole infill program complete; updated MRE underway with SRK Mineralisation: Near surface, homogeneous across 40km2 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 & Thorium critica.limited ASX: CRI August 2026 9 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 Simple Mining: • Flat, near-surface deposit • Low strip ratio • Clay hosted - no drilling/blasting required Low Processing Intensity: • ~95% mass rejection before leaching • Beneficiation-first flowsheet • Lower reagent, water and energy intensity • Low U/Th Limited New Infrastructure Required: • Highway through lease • Two gas pipelines crossing lease • Power lines nearby • Rail access within region Simple Permitting Pathway: • Proven mining jurisdiction (WA) • Flat terrain, Pastoral lease • Native title extinguished • Lower environmental intensity vs conventional REE processing Jupiter Lease area - Feb 2026 drilling campaign Jupiter attributes all point to a lower cost operation critica.limited ASX: CRI August 2026 10 Preliminary large-scale testwork (400 kg bulk sample) indicates ~95% mass rejection and up to 14× upgrade prior to leach across multiple Jupiter ore types (ASX, 27 May 2026 pilot plant results). 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. 95%+ Mass reduction Intermediate Concentrate Up to 14X + Grade uplift 4. Progressive Rehabilitation Designed for downstream integration (US, EU, 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 critica.limited ASX: CRI August 2026 11 Scoping Study Underway due Q3 2026 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 Industry leading partners critica.limited ASX: CRI August 2026 Mt Lindsay Project “One of Australia’s largest undeveloped Tin & Tungsten resource” Tin | Tungsten 13 Why Tin and Tungsten Matter Two critical minerals at the heart of technology and defence Modern technologies rely on tin and tungsten because performance often leaves no practical substitute Tin: “Technologies secret Glue” Tungsten: Defence & Advanced Manufacturing • Tin is the metallic “glue” connecting components to printed circuit boards and semiconductor packages • Solder for semiconductors and all electronics • AI infrastructure and data centres • Renewable -energy infrastructure • Across AI servers, data centres • Smartphones, defence systems, electric vehicles • No practical substitute • Significant supply constraints from Myanmar and Indonesia • Highest melting point of all metals • Hardness rivalling diamonds • Irreplaceable and overwhelmingly controlled by China • Cutting and Machine tools • Defence platforms and munitions • Aerospace and Rockets • Crucial for Semiconductors and AI • Significant Chinese export controls • Price inelastic with demand increasing significantly critica.limited ASX: CRI August 2026 These are enabling materials for modern technology, not simply commodities Tungsten APT — US$3,075/mtu CIF Rotterdam, 6 August 2026 Tin — US$56,050/t LME cash settlement, 12 August 2026 14 Mt Lindsay Project: Strategic Tin & Tungsten Project highlights • “One of Australia's largest undeveloped tin– tungsten projects1” • 81 kt contained tin • 3.2 Mt mtu WO₃ (~32 kt contained tungsten) • Two magnetite-rich skarn systems • 83,000 m of diamond drilling completed • Existing Mining Licence • Resource remains open at depth • Additional by-product potential being evaluated, including copper, boron, fluorspar and other minerals. • Scoping Study evaluating a lower-impact underground development concept 1. Goldinvest (Mar 2026); Reuters; industry data critica.limited ASX: CRI August 2026 Mt Lindsay Tier 1 Jurisdiction, Large Scale, Strategically important Resource hasn’t changed — the market has 15 Mt Lindsay: A Fundamentally Different Development Concept Designed Around Today's Development Expectations The world doesn't need another mining project, it needs critical mineral projects that can actually be permitted, financed and built. That's exactly what we're designing Mt Lindsay to become. *Conceptual arrangement of the Mt Lindsay underground development showing the Main Skarn and No. 2 Skarn mineralised systems beneath surface, underground access from the existing HEC Quarry area, and the relationship to the proposed conveyor, processing plant, tailings storage and existing infrastructure. The concept illustrates how underground mine access and surface infrastructure are being considered together to maximise the use of existing disturbed areas and minimise new surface disturbance. Final locations and configurations remain subject to ongoing Scoping Study engineering, environmental assessment and regulatory approvals. A fundamentally different development concept designed to reduce surface disturbance and integrate mine, infrastructure and processing from the outset. Underground Development Mineralised systems accessed beneath surface Use Existing Disturbance Portal being evaluated within existing HEC quarry Integrated Infrastructure Road, power, plant and materials handling considered together Backfill Strategy Potential to return a portion of process tailings underground critica.limited ASX: CRI August 2026 16 Scoping Study underway | Target Q3 2026 Credible Execution • DRA Global appointed to lead the underground Scoping Study • First-principles review of the historical development concept • Experienced technical team across mining, processing and infrastructure Integrated Study Scope • Underground mine design and scheduling • Processing and materials handling • Infrastructure layout and hydroelectric power options • Tailings and underground backfill strategy • Environmental and permitting considerations What This Delivers • First independent assessment of the new underground development concept • Defines a base-case development pathway • Targets a smaller surface footprint • Provides the technical and economic basis for future development decisions Mt Lindsay: Re-Designed for Today’s Market Industry leading partner Re-defining Mt Lindsay around a modern, lower-impact underground development concept critica.limited ASX: CRI August 2026 Next steps Two Scoping Studies due by Q3 18 Near-Term Milestones Advancing Jupiter and Mt Lindsay through disciplined technical and commercial execution JUPITER 1. Resource Optimisation Completed 2. Beneficiation Advancement 3. Commercial Grade MREC Produced 4. Commercial Grade MREO Produced 5. Updated Resource Estimate (Drilling Complete) 6. Product Qualification 7. Scoping Study (Q3 2026) MT LINDSAY 1. Project Review Commenced 2. DRA Appointed 3. Resource Update Underway 4. Rescoping Programme Underway 5. Updated Resource Estimate 6. Development Optimisation 7. Scoping Study (Q3 2026) critica.limited ASX: CRI August 2026 19 Corporate Snapshot Company Snapshot ASX-listed Since 2006, critical minerals focused Ticker CRI.ASX Project Portfolio Jupiter Rare Earths Project (WA) 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 19 August 2026 3. Cash as at 30 June 2026 % Holding Top 20 Shareholders 23.28% Financial Snapshot 3.03Bn Shares on issue $66.7M $5.3M Cash3 Nil Debt $61.4M Enterprise Value2 Market Capitalisation2 $0.022 Last Price2 Share Price Performance (6 months) Critica Limited (ASX: CRI) critica.limited ASX: CRI August 2026 20 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 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 & Executive Director • 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 engineering and leadership • Experience with Fortescue, Barrick, Macmahon Board critica.limited ASX: CRI August 2026 21 Why Own Critica Now? 1. STRATEGIC PLATFORM 3. PROVEN EXECUTION • Two strategic projects • Commercial-grade product in ~23 months • Multiple critical minerals • Proven beneficiation platform • Tier-1 Australian jurisdiction • Multiple product pathways 2. STRUCTURAL TAILWINDS 4. MULTIPLE CATALYSTS • AI • Defence • Electrification • Jupiter Scoping Study • Supply chain security • Mt Lindsay Scoping Study • No scalable substitutes • Ongoing metallurgical & commercial milestones Not a single-asset story — a scalable critical minerals platform Two strategic Australian assets. Multiple critical minerals. Two Scoping Studies. One scalable platform. critica.limited ASX: CRI August 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 23 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 critica.limited ASX: CRI August 2026 24 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 critica.limited ASX: CRI August 2026 25 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 August 2026 26 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 Infe