Critica Limited · ASX:CRI
Critica — Investor Presentation (September 2026)
19 slides from Critica's investor presentation, Sep 30, 2026
Slide 1: Mt Lindsay Tungsten-Tin Project
or personal use only Mt Lindsay Tungsten-Tin Project Scoping Study establishes a pathway towards development 1.0 Mtpa underground development concept | Tasmania, Australia September 2026 | ASX: CRI
Slide 2: Disclaimer
Disclaimer This Presentation (Presentation) has been prepared by Critica Limited (CRI or the Company) Competent Persons Statements and is authorised by the Board of CRI. The information contained in this Presentation is a The information in this presentation that relates to exploration results inclu
Slide 3: Scoping Study Cautionary Statement
Scoping Study Cautionary Statement Scoping Study cautionary statement Funding The Scoping Study referred to in this Presentation has been undertaken to determine the potential The Scoping Study estimates pre-production capital of approximately A$244.5 million, together with viability of developing t
Slide 4: The Economics Speak for Themselves
CRITICA The Economics Speak for Themselves Mt Lindsay is one of the largest undeveloped tungsten–tin assets in a tier 1 jurisdiction or personal use only KEY SCOPING STUDY METRICS September 2026 A$1.42bn A$1.01bn 55.6% A$244.5m Pre-tax NPV (8%) After-tax NPV (8%) After-tax IRR Pre-production capital
Slide 5: Why the West needs Mt Lindsay Tungsten and Tin
CRITICA Why the West needs Mt Lindsay Tungsten and Tin Concentrated supply | Slow supply response | Critical industrial demand | Few practical substitutes or personal use only TUNGSTEN TUNGSTEN TIN September 2026 TUNGSTEN: INDUSTRIAL NECESSITY 53% OF TIN DEMAND: SOLDER Carbide tooling supports advan
Slide 6: Concentrated Supply Is Driving a Structural Repricing
CRITICA Concentrated Supply Is Driving a Structural Repricing Base Case prices below September 2026 benchmarks, reflecting enduring supply constraints or personal use only September 2026 TUNGSTEN APT TIN SCOPING STUDY BASE CASE SEPTEMBER BENCHMARK SCOPING STUDY BASE CASE SEPTEMBER BENCHMARK US$2,500
Slide 7: A Credible Development Pathway
CRITICA A Credible Development Pathway Key foundations already in place to advance Mt Lindsay towards a DFS or personal use only 100% 88,000m Hydro 120km September 2026 Ownership and granted Mining Diamond drilling completed Predominantly renewable By road to Port of Burnie Lease Tasmanian grid 100%
Slide 8: An Established Resource Underpins Development
CRITICA An Established Resource Underpins Development The Main and No. 2 deposits represent 75% of Mt Lindsay’s total Mineral Resource or personal use only PLAN VIEW OF THE MAIN AND NO.2 MINERALISED SYSTEMS September 2026 14.3 Mt ~32 kt Contained tin Main and No. 2 Mineral Resource ~23 kt ~92% ASX:
Slide 9: A Defined Underground Mining Concept
CRITICA A Defined Underground Mining Concept A 1.0 Mtpa low-impact underground operation leveraging existing infrastructure or personal use only September 2026 1.0 Mtpa 13.5 years 11.6 years 10.9 Mt Proposed mining rate Mining schedule Processing life Material processed Defined underground access Pr
Slide 10: Underground Access from an Existing Quarry
CRITICA Underground Access from an Existing Quarry The portal sits inside historical HEC Quarry disturbance, ~600m from the plant site or personal use only EXISTING HEC QUARRY AREA PROPOSED FOR THE PORTAL ILLUSTRATIVE TWIN-DECLINE PORTAL ARRANGEMENT September 2026 ASX: CRI critica.limited A fundamen
Slide 11: Processing Flowsheet
CRITICA Processing Flowsheet A conventional flowsheet producing three concentrates: tin, tungsten and magnetite or personal use only September 2026 ASX: CRI critica.limited Three saleable concentrate streams TUNGSTEN TIN MAGNETITE 19.3kt 31.6kt 2.14Mt Tin concentrate (Sn) Magnetite concentrate (Fe)
Slide 12: A$244.5m to Production | 4.1x Capital Value
CRITICA A$244.5m to Production | 4.1x Capital Value Defined capital requirements with an after-tax NPV of 4.1 times pre-production investment or personal use only September 2026 A$244.5m A$197.3m A$441.8m 4.1x Pre-production capital Sustaining capital + closure Total LOM capital After-tax NPV / pre-
Slide 13: Strong Project Economics Across Key Sensitivities
CRITICA Strong Project Economics Across Key Sensitivities A$1.0bn Base Case NPV with prudent pricing and focused risk management or personal use only AFTER-TAX NPV₈ SENSITIVITY | ±20% CHANGE BASE A$1,006m COMMODITY PRICES September 2026 Commodity price 614 1399 A$614m–A$1,399m Base Case prices are b
Slide 14: From Scoping Study to First Production
CRITICA From Scoping Study to First Production A defined development pathway targeting first production by end-2029 or personal use only 2026 2027 2028 2029 September 2026 H1 H2 H1 H2 H1 H2 H1 H2 Scoping Study Definitive Feasibility Study (18 months) Construction, Commissioning and Ramp-up Environme
Slide 15: A Team That Can Deliver
CRITICA A Team That Can Deliver Deep mining, exploration, metallurgy and capital markets experience or personal use only MANAGEMENT September 2026 Jacob Deysel | CEO Nearly 30 years in global mining and critical minerals • Goldfields · Rio Tinto · Kenmare · UEC Discovery to development, Jamie Byrde
Slide 16: Corporate Snapshot
CRITICA September 2026 Corporate Snapshot Australian critical minerals portfolio | Mt Lindsay and Jupiter or personal use only September 2026 COMPANY AT A GLANCE FINANCIAL SNAPSHOT ASX ticker CRI 3.03bn A$0.024 A$72.7m Listed since 2006 Shares on issue Last price¹ Market cap¹ Portfolio Mt Lindsay tu
Slide 17: The Scoping Study Is the Catalyst
CRITICA The Scoping Study Is the Catalyst Compelling economics provide the platform to advance feasibility, offtake and project funding or personal use only September 2026 A$1.01bn 4.1x A$244.5m After-tax NPV₈ NPV / pre-production capital Pre-production capital ASX: CRI 01 Feasibility & resource 02
Slide 18: Why Own Critica Now?
CRITICA Why Own Critica Now? Mt Lindsay establishes the economic foundation. Jupiter offers the next major catalyst or personal use only September 2026 MT LINDSAY | SCOPING STUDY DELIVERED A$1.01bn 4.1x A$244.5m A$244.5m After-tax NPV₈ NPV / pre-production capital Pre-production capital ASX: CRI NOW
Slide 19: Contact
CRITICA or personal use only Contact ASX: CRI Address: Level 2, 16 Altona Street, West Perth WA 6005 Website: critica.limited Critica CEO Investor Relations Follow Us Jacob Deysel Dannika Warburton linkedin.com/company/criticaltd Phone: +61 8 6279 9428 Investability Email: info@critica.limited inves