‘We’ve made multiple discoveries, which together confirm the provincial-scale nature of the Brother’s Rare Earth 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.’
Critica managing director Philippa Leggat
Jupiter, spanning 40 square kilometres of ground, was discovered 18 months ago and the company has since completed more than 42,000m of drilling. Management believes some of its major advantages, apart from the low thorium and uranium levels, is its access to critical infrastructure including highways, gas pipelines and proximity to Lynas Rare Earths’ concentrator and Iluka Resources’ planned refinery.
The deposit is characterised by broad, high-grade zones ranging from 20m to 30m wide and more than 2000ppm TREO – often found within 80m stretches grading above 1000 ppm. Importantly, magnet rare earths (MREO) make up about 23 per cent of the high-grade material.
The company’s latest three finds have continued to build on considerable momentum stemming from the two previous discoveries reported last month and appear to be strengthening Critica’s claim that the Brothers project is now a major new rare earths hub.
Investors are therefore likely to be keeping a close watch on the release of the maiden resource and the metallurgical study in the next few months to confirm those bold thoughts.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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