Critica Limited · ASX:CRI
Critica — Ignite Investment Summit 2026
37 slides from Critica's conference presentation, Oct 14, 2026
Slide 1: One Critical Minerals Platform
or personal use only One Critical Minerals Platform Two strategic Australian projects. Multiple pathways to value. Tungsten | Tin | Rare Earths + Yttrium | Gallium Jacob Deysel | CEO Ignite Investment Summit | Hong Kong | 14–15 October 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: Disclaimer (continued)
Disclaimer (continued) Basis of Preparation: Jupiter Project • 14 April 2026- Jupiter Pilot Plant Recovery Improves to 81% MagREO No Scoping Study has been completed for the Jupiter Project. References to a Jupiter development • 16 February 2026 – Critica Produces First MREC from Jupiter at ANSTO pa
Slide 4: 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, before taking into viability of develop
Slide 5: The Critica Investment Case
CRITICA The Critica Investment Case Two strategic projects. Multiple critical minerals. Multiple demand drivers. Multiple pathways to value. or personal use only MT LINDSAY SCOPING STUDY JUPITER SCOPING STUDY DELIVERED NEXT TUNGSTEN + TIN RARE EARTHS + Y + Ga October 2026 A$1.01bn2 55.6% A$244.5m 1.
Slide 6: Why Critica Matters Now
CRITICA Why Critica Matters Now Critical mineral supply is concentrated. Demand is strategic. New Western supply is required. or personal use only THE SUPPLY PROBLEM DEMAND + DIVERSIFICATION CRITICA'S RESPONSE China dominates processing and Strategic demand is broadening Two Australian projects expo
Slide 7: Policy and Price Are Re-Rating Critical Minerals
CRITICA Policy and Price Are Re-Rating Critical Minerals Government intervention is accelerating as strategic supply constraints support stronger commodity pricing or personal use only POLICY IS MOVING FROM WORDS TO ACTION COMMODITY MARKETS ARE RESPONDING October 2026 Governments are increasingly ac
Slide 8: One Platform, Two Strategic Australian Projects
CRITICA One Platform, Two Strategic Australian Projects Mt Lindsay establishes the economic foundation. Jupiter adds scale and the next catalyst or personal use only ONE PLATFORM • TWO PROJECTS • TWO DIFFERENT VALUE DRIVERS • MULTIPLE CATALYSTS October 2026 WHAT EACH PROJECT CONTRIBUTES MT LINDSAY E
Slide 9: Mt Lindsay Project
or personal use only Mt Lindsay Project “One of Australia’s largest undeveloped Tungsten & Tin resources” Tungsten | Tin 9
Slide 10: Mt Lindsay: The Economics Speak for Themselves
CRITICA | MT LINDSAY Mt Lindsay: 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 ME TRICS A$1.42bn A$1.01bn 55.6% A$244.5m October 2026 Pre-tax NPV (8%) After-tax NPV (8%) After-tax IR
Slide 11: Concentrated Supply Is Driving a Structural Repricing
CRITICA | MT LINDSAY Concentrated Supply Is Driving a Structural Repricing Base Case prices below September 2026 benchmarks, reflecting enduring supply constraints or personal use only TUNGSTEN APT TIN October 2026 SCOPING STUDY BASE CASE SEPTEMBER BENCHMARK SCOPING STUDY BASE CASE SEPTEMBER BENCHMA
Slide 12: A Credible Development Pathway
CRITICA | MT LINDSAY 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 October 2026 Ownership and granted Mining Diamond drilling completed Predominantly renewable By road to Port of Burnie Lease Tasmania
Slide 13: An Established Resource Underpins Development
CRITICA | MT LINDSAY 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 October 2026 14.3 Mt ~32 kt Main and No. 2 Contained tin Mineral Resource ~23 kt
Slide 14: A Defined Underground Mining Concept
CRITICA | MT LINDSAY A Defined Underground Mining Concept A 1.0 Mtpa low-impact underground operation leveraging existing infrastructure or personal use only 1.0 Mtpa 13.5 years 11.6 years 10.9 Mt October 2026 Proposed mining rate Mining schedule Processing life Material processed Defined undergroun
Slide 15: A$244.5m to Production | 4.1x Capital Value
CRITICA | M T L I N D S AY A$244.5m to Production | 4.1x Capital Value After-tax NPV of 4.1 times pre-production capital or personal use only October 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-prod capital PRE-PRODUC
Slide 16: From Scoping Study to First Production
CRITICA | MT LINDSAY From Scoping Study to First Production Indicative development pathway targeting first production by end-2029 or personal use only 2026 2027 2028 2029 October 2026 H1 H2 H1 H2 H1 H2 H1 H2 Scoping Study Definitive Feasibility Study (18 months) Construction, Commissioning and Ramp-
Slide 17: Jupiter Project
or personal use only Jupiter Project “Australia’s largest clay-hosted Rare Earth deposit” Rare Earths | Yttrium | Gallium 17
Slide 18: Why Jupiter Wins
CRITICA | JUPITER Why Jupiter Wins A large-scale REE system with demonstrated processing A rare earth project defined by scale, simplicity and speed performance or personal use only Scale Simplicity • 1.7Bt resource¹ 1.7Bt1 October 2026 • Clay-hosted, no • Incl. first 160Mt drilling/blasting Indicat
Slide 19: Jupiter: First Indicated Mineral Resource
CRITICA | JUPITER Jupiter: First Indicated Mineral Resource 160 Mt Indicated Resource from infill drilling across ~10% of the Resource area or personal use only 160 Mt1 1.7 Bt1 ~25% October 2026 Indicated Mineral Resource Total Mineral Resource Magnet REO share of TREO 1,700ppm TREO 1,700ppm TREO (I
Slide 20: Jupiter: Simple Processing, Multiple Products
CRITICA | JUPITER Jupiter: Simple Processing, Multiple Products Upgrade early, process less, unlock multiple products or personal use only 60%+ Fe Iron ore by-products October 2026 Up to 14x + 2. Beneficiation First Grade uplift ASX: CRI 95%+ Mass Intermediate Ga + Sc by-products rejection Concentra
Slide 21: Jupiter Scoping Study: The Next Major Catalyst
CRITICA | JUPITER Jupiter Scoping Study: The Next Major Catalyst The first integrated assessment of mining, processing and economics at Jupiter or personal use only JUPITER October 2026 Industry leading partners 1. Beneficiation Flowsheet (up to 14x Upgrade) 2. Commercial-Grade MREC Produced ASX: CR
Slide 22: Critica Limited
or personal use only Critica Limited “One Australian critical minerals company. Two strategic projects. Multiple pathways to value.” Tungsten | Tin | Rare Earths | Yttrium | Gallium 22
Slide 23: Corporate Snapshot
CRITICA October 2026 Corporate Snapshot Australian critical minerals portfolio | Mt Lindsay and Jupiter or personal use only COMPANY AT A GLANCE FINANCIAL SNAPSHOT October 2026 ASX ticker CRI 3.03bn A$0.026 A$78.8m Listed since 2006 Shares on issue Last price¹ Market cap¹ Portfolio Mt Lindsay tungst
Slide 24: A Team That Can Deliver
CRITICA A Team That Can Deliver Deep mining, exploration, metallurgy and capital markets experience or personal use only MANAGEMENT Jacob Deysel | CEO October 2026 Nearly 30 years in global mining and critical minerals • Goldfields · Rio Tinto · Kenmare · UEC Discovery to development, Robert Ierace
Slide 25: Why Own Critica Now?
CRITICA Why Own Critica Now? One Australian critical minerals company with two major development opportunities or personal use only JUPITER | SCALE + NEXT CATALYST October 2026 1.7Bt Mineral Resource 160Mt Indicated • 1,700ppm TREO ~95% mass rejection • up to 14x grade uplift MREC 58% TREO • MREO 97
Slide 26: 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
Slide 27: Appendix
CRITICA or personal use only APPENDIX Technical, market and supporting detail Critica Limited | ASX: CRI October 2026 | ASX: CRI
Slide 28: Why the West Needs Mt Lindsay Tungsten and Tin
CRITICA | APPENDIX Why the West Needs Mt Lindsay Tungsten and Tin Concentrated supply | Slow supply response | Critical demand | Few substitutes or personal use only TUNGSTEN TUNGSTEN TIN October 2026 TUNGSTEN: INDUSTRIAL NECESSITY 53% OF TIN DEMAND: SOLDER Carbide tooling supports advanced Tin sold
Slide 29: Underground Access from an Existing Quarry
CRITICA | APPENDIX 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 T WIN-DECLINE PORTAL ARRANGEMENT October 2026 ASX: CRI critica.limited
Slide 30: Processing Flowsheet
CRITICA | APPENDIX Processing Flowsheet A conventional flowsheet producing three concentrates: tin, tungsten and magnetite or personal use only October 2026 ASX: CRI critica.limited Three saleable concentrate streams TUNGSTEN TIN MAGNETITE 19.3kt 31.6kt 2.14Mt Tin concentrate (Sn) Magnetite concentr
Slide 31: Strong Project Economics Across Key Sensitivities
CRITICA | APPENDIX 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 October 2026 Commodity price 614 1399 A$614m–A$1,399m Base Case pri
Slide 32: Jupiter: Designed for Simplicity, Cost and Permitting
CRITICA | APPENDIX Jupiter: Designed for Simplicity, Cost and Permitting Built for a lower-cost operation or personal use only Simple Mining: • Flat, near-surface deposit • Low strip ratio October 2026 • Clay hosted - no drilling/blasting required Low Processing Intensity: • ~95% mass rejection befo
Slide 33: Jupiter Mineral Resource Estimate (October 2026)
CRITICA | APPENDIX Jupiter Mineral Resource Estimate (October 2026) Cut-off Million TREO MagREO Pr6O11 Nd2O3 Tb4O7 Dy2O3 Y2O3 Sc2O3 Ga2O3 Fe TREO Tonnes ppm ppm ppm ppm ppm ppm ppm ppm ppm % or personal use only Indicated Resources October 2026 400 220 1,400 350 71 260 3 15 75 40 39 9.7 800 180 1,60
Slide 34: Jupiter Block Model Cross-Sections
CRITICA | APPENDIX Jupiter Block Model Cross-Sections Flat-lying, near-surface clay and saprolite blanket over the Jupiter alkaline complex or personal use only October 2026 ASX: CRI critica.limited Cross-section 6 855 475 mN (looking north) Cross-section 6 855 600 mN (looking north), within the inf
Slide 35: Jupiter: Scale and Geology
CRITICA | JUPITER Jupiter: Scale and Geology 1.7Bt Mineral Resource, now including a first 160Mt Indicated Resource or personal use only October 2026 Scale & Definition: Over 30,000m drilled Updated MRE by SRK: 160Mt Indicated and 1.5Bt Inferred at 1,700ppm TREO Mineralisation: Near surface, homogen
Slide 36: Jupiter Peer Comparison: Source Data
CRITICA | APPENDIX Jupiter Peer Comparison: Source Data or personal use only Project Company Resource Mt TREO (ppm) Stage Source Inferred 40 2,100 ASX Announcement. Barkly Rare Earths Completes Successful IPO. 30 Barkly Barkly Rare Earths Pre-Scoping October 2026 Total 40 2,100 January 2026. ASX:BAK
Slide 37: Glossary
CRITICA | APPENDIX Glossary Key Terms and Definitions or personal use only TREO/MagREO October 2026 Total Rare Earth Oxides / Magnet Rare Earth Oxides. MagREO comprises the magnet 1 rare earth oxides Pr₆O₁₁, Nd₂O₃, Tb₄O₇ and Dy₂O₃. MagREO is referred to as “MREO” in the 12 October 2026 Jupiter Miner