Critica to test big new REE targets at high-grade | Australian Markets

Critica to test big new REE targets at high-grade Critica to test big new REE targets at high-grade

Critica to test big new REE targets at high-grade | Australian Markets


Rare earths project developer Critica Limited is about to unleash the drill bit on a batch of thrilling 8-plus-kilometre-long satellite tv for pc targets, which have the potential to supercharge its already huge international useful resource at the company’s Brothers uncommon earths project in Western Australia’s Yalgoo mining hub.

After receiving the federal government exploration inexperienced gentle final week, the company is getting ready the ground at two of its largest clay-hosted heavy uncommon earth prospects, dubbed Aurora and Juno, forward of an air core drilling marketing campaign.

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The promising new targets are a stone’s throw from Critica’s flagship Jupiter deposit, which is home to the most important and highest-grade clay uncommon earths useful resource in Australia. Jupiter has an inferred useful resource of 1.78 billion tonnes grading 1651 components per million (ppm) whole uncommon earth components (TREO).

Previous drilling served up a tantalising amuse-bouche, with holes at Juno specifically lighting up with hits of up to 8 metres at 4256ppm TREO and 34 per cent magnet uncommon earths.

The hits included extremely prized heavy uncommon earths corresponding to dysprosium, terbium and yttrium, that are all below tight Chinese export controls and key to electric vehicle motors, wind generators and army technology.

Critica’s predominant Jupiter deposit at present hosts 25,000t dysprosium, more than 5000t terbium and 131,000t yttrium as half of its heavy steel stock.

Any new drilling outcomes that back up earlier findings at Juno and Aurora – with richer MREO and heavy uncommon earth factor ratios than already found at Jupiter – might strongly enhance Critica’s place at the negotiating desk for processing routes and offtake offers.

At a time when geopolitical tensions are fuelling Western starvation for secure uncommon earth provides, Critica says it isn’t losing any time getting the drill bit into the ground and can shortly mobilise rigs to web site.

The program has additionally acquired a funding leg up after Critica efficiently utilized for a WA Government’s minerals Exploration Incentive Scheme grant, which the company expects will cowl up to half of its deliberate air core drill prices.

We’ve deliberate a low-cost air core drilling marketing campaign to set up the potential of the Aurora and Juno prospects to host wider-spread elevated ranges of the heavy uncommon earths than had been recognized in choose discovery drill holes. Our goal is to add to Jupiter, at the identical time as doubtlessly enhancing whole grade, share magnet uncommon earth content material and a proportional contribution of heavy uncommon earths corresponding to dysprosium, terbium and yttrium.

Critica says beneficiation assessments are ongoing at its Jupiter deposit, in the meantime, with the company additionally engaged on producing an initial blended uncommon earth carbonate forward of outcomes anticipated all year long.

The company lately revealed that through the use of a easy flotation course of it had managed to convert a consultant pattern of Jupiter’s mineralisation with an initial grade of 1430ppm TREO into a exceptional high-grade focus of 13,310ppm TREO.

When 94.5 per cent of the fabric was eliminated, the remaining concentrated product nonetheless ran at an spectacular REE restoration price of more than 50 per cent with out being additional optimised.

Critica says it stays properly funded to make progress on all fronts with almost $5 million in its coffers at the top of March, along with a lately banked $1M R&D refund cheque.

With China’s grip on uncommon earth exports tightening and the West scrambling for options, Critica’s run seems properly timed. If its heavy uncommon earth hits maintain up, Critica might discover itself sitting on the most important – and one of essentially the most strategically important – clay REE assets within the nation.

Is your ASX-listed company doing one thing attention-grabbing? Contact: matt.birney@wanews.com.au

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