Critica (ASX:CRI) has identified a further three new rare earths discoveries, to now total five “large-scale” satellite prospects at the Jupiter Project in Western Australia.
The $32 million market capitalised company says the latest discoveries, which were located during reconnaissance drilling to the east of the Jupiter Project, suggest that the Brothers Project hosts a provincial-scale, rare earth mineralised system.
Critica reports that the latest discoveries contain a high-grade intersection of up to 4m @ 5,331 parts per million total rare earth oxide, while “significant” levels of dysprosium and terbium, alongside low levels of thorium and uranium were also identified.
Managing Director Philippa Leggat says these discoveries confirm the provincial-scale nature of the Brothers Project that surrounds Jupiter.
“It’s exciting to see our technical team applying knowledge learnt from Jupiter, and cost-effectively delivering new, large-scale discoveries,” Leggat says.
“In addition to our successful exploration work, we have completed our infill drilling of the high-grade areas at Jupiter.
“We’re looking forward to receiving those results, metallurgical work continues and completing our maiden resource estimate for Jupiter, which we plan to release later this quarter.”
Jupiter is a clay-hosted rare earths project and is part of the broader Brothers Project that was first discovered in late 2023 and encompasses 1,356km2, with an additional 435km2 of licences under application. It lies within the Mt Magnet and Yalgoo mining district in Western Australia.
To date, the company has completed over 42,000m of drilling at the project in less than 18 months.
Critica, recently renamed from Venture Minerals, is focused on discovering and developing critical mineral deposits to feed global demand for the minerals that are vital to modern technology and the green energy transition.
Write to Aaliyah Rogan at Mining.com.au
Images: Critica
