What's Happening?
Critica has commenced an air core drilling program at the Jupiter Rare Earth Project in Western Australia's Yalgoo mining district. The initiative aims to upgrade the existing inferred mineral resource to an indicated classification as part of an ongoing
scoping study. The Western Australian Government's Exploration Incentive Scheme is co-funding 50% of the drilling costs. The program involves drilling approximately 143 air core holes over a 7,000–10,000m area, targeting priority zones to enhance drill density and improve resource classification.
Why It's Important?
The Jupiter Rare Earth Project is significant for its potential to contribute to the global supply of rare earth elements, which are critical for various high-tech applications, including electronics, renewable energy, and defense. By advancing the resource classification, Critica aims to optimize the project's development and enhance its economic viability. The co-funding from the Western Australian Government underscores the strategic importance of rare earth projects in supporting technological advancements and economic growth.
