Critica's Jupiter Rare Earths Project Soars

Critica Limiteds Jupiter rare earths project in Western Australias Mid West has made significant strides with impressive pilot plant results, achieving 81% recovery on magnet rare earth oxides and 71% on total rare earth oxides. This massive site, with 1.8 billion tonnes of resources, is poised to become Australias largest and highest-grade clay-hosted rare earths deposit. The project boasts high concentrations of key magnet metals like neodymium, praseodymium, dysprosium, and terbium, with low levels of uranium and thorium. CEO Jacob Deysel highlights a 45% increase in recoveries since earlier tests, focusing on high-value magnet metals crucial for electric motors worldwide. Investors are optimistic about this de-risking move ahead of major engineering decisions. The company is drilling extensively, with over 10,000 meters of aircore holes for resource upgrades and regional exploration funded by the state government. The pilot plant has been scaled up in Vietnam for increased throughput, and samples have been shipped for downstream testing. Parallel lab work at ANSTO is optimizing processing routes, with a scoping study set to conclude in June. Jupiter is emerging as a strong contender in the rare earths race, positioning itself as a mine-to-magnet project.

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