Planet Jupiter and moons
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Critica Ltd (ASX:CRI) has upgraded the rare earth element (REE) mineralisation at its flagship Jupiter project by a whopping 830% through early-stage metallurgical test work.

Jupiter is part of the wider Brothers clay-hosted project, 250 kilometres east of Geraldton.

The critical minerals upgrade was achieved through a simple flotation process, producing a beneficiated product grading 13,310 parts per million (1.331% total rare earth oxides) from composite ore taken from Jupiter.

These results – part of a wider effort to roll out beneficiation at Jupiter – have left Critica confident that a high-grade concentrate can be produced from this ore.

Managing director Philippa Leggat said the development is now considered a top priority for the company after it indentified that Jupiter “holds significant economic and development potential given its high in-situ grades, large scale and premier location within a key Western Australian mining hub.”

Read more ASX market news

AI hype: Digico REIT at fresh all-time high on coattails of Trump’s US$500B AI plan

Bigger footprintCapricorn snaps up Deadman Flat project from Peregrine

“With those very real dynamics in mind, we are treating this significant project with the respect it deserves,” Ms Leggat continued.

“This means building a strong foundation of robust geological and metallurgical data via rigorous technical work, targeting the establishment and derisking of a valuable, intergenerational development opportunity.”

Critica shares have been up more than 11.7% to sell at 1.9cps.

Join the discussion: See what HotCopper users are saying about Critica Limited and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

CRI by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Sentiment getting better with finish over 7,900pts

Good afternoon and welcome to HotCopper’s Market Close for Thursday, I’m Jonathon Davidson.It was another better-looking…
HotCopper Podcast Graphic which reads Episode 005 with copy about the markets being in the red.

Listen: HotCopper Podcast 005 – It’s red, red, red everywhere we look this week

In this HotCopper podcast episode, we talk through WA Labor's third-term victory and the mega-sized ASX…
The Market Online Video

ASX Market Open: Fed’s ‘two cut’ call shoots more hope into Week 12 rally | March 20, 2025

Futures say Australian shares will rise as much as 0.8% this Thursday morning, with a big jump at open likely to push th…
HotCopper Podcast Graphic which reads Episode 006 with copy about the markets being in the red.

Listen: HotCopper Podcast 006 – What comes first, the bear market or the election?

Welcome to this week’s HotCopper Wire, our market watch podcast!