Critica Limited · ASX:CRI
Critica — Investor Presentation (February 2026)
20 slides from Critica's investor presentation, Feb 26, 2026
Slide 1: Australia's Largest Clay-Hosted Magnet REE System
For personal use only Australia’s Largest Clay-Hosted Magnet REE System From Discovery to Development in 23 Months Scale • Simplicity • Speed Beneficiation-first. Sovereign-aligned. Commercially advancing Corporate Presentation | February 2026| ASX: CRI
Slide 2: Disclaimer
Disclaimer This Presentation (Presentation) has been prepared by Critica Limited (CRI or the Company) and Basis of Preparation is authorised by the Board of CRI. The information contained in this Presentation is a professional CRI has not completed a Scoping or Feasibility Study. References to devel
Slide 3: The West Has a Magnet REE Supply Problem
The West Has a Magnet REE Supply Problem EVs Highly Concentrated Supply • China dominates magnet REE mining, processing and separation Wind For personal use only Turbines February 2026 Structural Demand Growth Robotics • EVs, AI infrastructure and defence accelerating magnet demand ASX: CRI AI Proce
Slide 4: Why It Matters - Rare Earths Power Advanced Economies
Why It Matters - Rare Earths Power Advanced Economies AI & Data Centres Robotics & Automation Electric Vehicles Defence For personal use only February 2026 Multiple Uses Industrial Robots Typical EV F-35 Fighter Jet Nd Pr Ga Nd Pr Sm Nd Pr Sm Nd Pr Sm Dy 100s KGs 1-3 KG 1-2 KG 418 KG Dy Tb Y Rare Ea
Slide 5: Critica's Answer: Jupiter Scale
Critica’s Answer: Jupiter 1 Scale - Australia’s largest clay-hosted magnet REE resource1 only February 2026 Scale - Australia's largest clay-hosted magnet REE resource use 2 Simplicity - Beneficiation-first flowsheet validated For personal ASX: CRI Jupiter & Brothers REE Project 1.8 Bt @ 1,700 ppm T
Slide 6: What Makes Jupiter Different
What Makes Jupiter Different TIER 1 WA LOCATION Proven Mining Jurisdiction Resource Scale ~1.8Bt TREO – Australia’s largest clay- hosted magnet rare earth deposit 1.8Bt 640Mt For personal use only February 2026 Global Resource Magnet REO Beneficiate first Advantage, ~95% mass rejection, 6– Resource
Slide 7: Clay-Hosted Advantage: Designed for Beneficiation
Clay-Hosted Advantage: Designed for Beneficiation Jupiter Project Lease Area - flat terrain, pastoral lease, native title extinguished (Feb 2026 drilling campaign) 1 Low Strip. Simple Mining Profile For personal use only • Flat, low-relief terrain February 2026 • Native title extinguished — clear te
Slide 8: Integrated Flowsheet with By-Product Leverage
Integrated Flowsheet with By-Product Leverage Mixed Rare Earth Oxide (MREO) ~95% mass rejection and 6–10× upgrade at bulk scale High-grade commercial quality MREO and MREC produced For personal use only Strong yttrium (Y) enrichment and gallium (Ga) co-recovery February 2026 Mixed Rare Earth Carbona
Slide 9: Execution Momentum
First High Grade Mixed Rare Earth Oxide 84% Execution Momentum TREO Greenfields discovery to world class Rare Earths Project in Tier 1 Mining Jurisdiction 23 months Nov 2023 Jan 2025 Sept 2025 Dec 2025 H2 2026* 2029* For personal use only February 2026 Discovery Second High First pass Initial bulk P
Slide 10: Scoping Study: Engineering the Base Case
Scoping Study: Engineering the Base Case Sedgman Appointed as Lead Engineer Jupiter Project 2026 drilling campaign – QA/QC Sample Verification Purpose of the Scoping Study For personal use only February 2026 • Define a robust, executable base-case development pathway • Integrate the beneficiation-fi
Slide 11: Experienced Operators, Not Just Developers
Experienced Operators, Not Just Developers Proven Track Record in Critical Minerals Project Delivery Jacob Deysel BSc Mining, MBA CEO – Mining engineer with 25+ years in global critical mineral leadership—from Rio Tinto to Rare Earths Critica is not just a resource story — and UEC—expert at scaling
Slide 12: Critica Limited: Owner of Australia's Largest Clay REE Resource
Critica Limited (ASX:CRI) Owner of Australia's Largest Clay REE Resource1 Company Snapshot Share Price Performance (12 months) For personal use only ASX-listed Since 2006, critical minerals focused February 2026 Ticker CRI.ASX Primary Project Jupiter Rare Earths Project (WA) Other Assets Mt Lindsay
Slide 13: Diversified Critical Minerals Optionality
Diversified Critical Minerals Optionality For personal use only Mt Lindsay Tin Tungsten Project1 February 2026 Critica’s original asset under review with new Tin and Tungsten prices • Mt Lindsay is one of the largest undeveloped tin-tungsten ASX: CRI deposits globally • Contained metal: • 81,000t of
Slide 14: A Rare Earth Project Built on Scale, Simplicity and Speed
A Rare Earth Project Built on Scale, Simplicity and Speed 01 Scale • Australia’s largest clay-hosted magnet REE resource For personal use only • ~680,000 t contained MREO (including Nd, Pr, Dy, Tb) February 2026 • District-scale growth across 1,353 km² 02 Simplicity • Beneficiate-first flowsheet ~95
Slide 15: Contact
For 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 investors@in
Slide 16: Jupiter - Scale
Jupiter - Scale A large-scale, high-grade clay-hosted resource - now validated through beneficiation 1.8Bt and commercial-quality MREO and MREC Global Resource Australian Clay Hosted REE Deposits TREO 1700ppm For personal use only February 2026 640Mt MREO Resource MREO 487ppm ASX: CRI U&Th Exception
Slide 17: Jupiter: Sustainability Advantage
Jupiter: Sustainability Advantage Built-In, Not Bolted-On Clean Geology Preliminary testwork indicates exceptionally low uranium and thorium Critica’s Jupiter project is being content, significantly below regulatory thresholds — a favourable For personal use only advanced with a focus on characteris
Slide 18: Appendix A: Glossary
Appendix A: Glossary Key Terms and Definitions TREO/Magnet REO For personal use only February 2026 Total Rare Earth Oxides / Magnet Rare Earth Oxides – Magnet REO refers 1 specifically to those rare earth elements used in permanent magnets (primarily Nd, Pr, Dy, Tb) NdPr 2 Neodymium and Praseodymium
Slide 19: Appendix B: Jupiter Inferred Mineral Resource Estimate
Appendix B: Jupiter Inferred Mineral Resource Estimate Cut-off Tonnage TREO MREO La2O3 CeO2 Pr6O11 Nd2O3 Sm2O3 Eu2O3 Gd2O3 Tb4O7 Dy2O3 Ho2O3 Er2O3 Tm2O3 Yb2O3 Lu2O3 Y2O3 Ga2O3 TREO (ppm) (Bt) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm)
Slide 20: Appendix C: Source Data for Peer Comparisons
Appendix C: Source Data for Peer Comparisons Project Company Resource Mt TREO (ppm) Stage Source Inferred 40 2,100 ASX Announcement. Barkly Rare Earths Completes Successful IPO. 30 January 2026. Barkly Transition Minerals Pre-Scoping ASX:BAK - Barkly Rare Earths Completes Successful IPO Total 40 2,1