Discover how Critica Limited is positioning itself to become Australia's next rare earth developer through its flagship Jupiter project – the largest clay-hosted rare earth deposit in Australia with an impressive 1.8 billion tons of resource at 1,700 ppm TREO.
CEO Jacob Deysel, a mining engineer with nearly three decades of global experience, reveals the three key advantages setting Jupiter apart: scale, simplicity, and speed. The project's innovative beneficiation-first approach reduces mass by 95% while achieving an 800% upgrade in feed grade using conventional metallurgical equipment. This pathway delivers a high-grade mixed rare earth carbonate while keeping capital expenditure, operating costs, and environmental footprint exceptionally lean.
What makes Jupiter particularly valuable is its rich concentration of magnet rare earth elements – neodymium, praseodymium, terbium, and dysprosium – which represent 80-90% of the basket value and are essential for manufacturing permanent magnets that power future technologies. With China controlling approximately 70% of global mining and 90% of refining capacity, Western manufacturers are urgently seeking alternative, transparent, and ESG-compliant supplies of these critical minerals.
Jupiter's concentrate also features exceptionally low uranium and thorium levels, simplifying approvals, shipping logistics, and market access to sensitive regions including the US, Japan, Korea, and Europe. Beyond Jupiter, satellite discoveries at Aurora and Juno demonstrate the district-scale potential of the Brothers project, potentially transforming it from a single-deposit story into a multi-deposit rare earth district.
Listen as Jacob outlines Critica's ambitious development timeline, including partnerships with ANSTO, Minutech, and GAVAQ to advance their metallurgical program, a pilot plant to upscale beneficiation, and a comprehensive scoping study expected before mid-2024. Subscribe to ASX Briefs for ongoing updates as Critica works to transform Jupiter from a world-class resource into Australia's next rare earth development success story.
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