Beyond its two flagship development assets Jupiter and Mt Lindsay, Critica hold additional exploration licences and joint venture interests in Western Australia and Tasmania, including Golden Grove North, Kulin and Livingstone.
Kulin Project
Nickel-Copper-PGE and Gold, Western Australia
Critica has entered into a Farm-in agreement with Ausgold Limited over the company’s Kulin Project which is situated 75km northeast from Ausgold’s Katanning Gold Mine in Western Australia.
Under the terms of the Agreement, Ausgold has the right to earn up to an 70% interest in E70/5077 over three and a half years by expending:
- Stage 1: $250,000 within 18 months to earn 51%; and
- Stage 2: Further $360,000 over the following 24 months to earn an additional 19% Upon completion of the earn-in, Critica will retain a 30% contributing interest, with the right to convert to a 1.5% net smelter royalty (NSR) at a decision to mine.
Livingstone DSO Hematite Project
North West Tasmania
Located only 3.5km from the Mount Lindsay Tin-Tungsten Deposit, is the 100% owned Livingstone DSO Hematite Deposit. Livingstone consists of an outcropping hematite cap overlaying a magnetite-rich skarn. The hematite occurs from the surface, is consistent in grade and is located only 2km from a sealed road, which accesses existing port facilities. A resource statement of 2.2mt @ 58% Fe was defined at Livingstone in 2011 and was followed by a positive scoping study. Additional work later in 2011 included blending and sizing test work and preliminary mining studies, all of which delivered positive results.
