OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor CRI ASX

Critica Limited

Scoping Study Developer · Rare Earths · Tin · Tungsten · Australia Rating locked: sign in to view v8 · cri-20261009t164932-first-fill
Last 2026-11-06
A$0.02
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$60.6M
EV
A$55.4M
Cash
A$5.3M
Debt
A$0
8 newer ASX announcements not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash A$5.3M2025-09-30: 2,698,000 A$2025-12-31: 7,193,000 A$2026-03-31: 7,751,000 A$2026-06-30: 5,328,000 A$ Finite
Debt A$0 Net cash A$5.3M
Basic shares 3B 2026-06-30
Runway 2.2 quarters Appendix 5B quarter-end cash A$5.328m divided by June-quarter operating outflow A$2.419m.

Liquidity

Financial position

Short cash runway; FY2026 audit carries a material going-concern uncertainty. Further equity or strategic funding is likely before development.

Capital structure

Ownership and dilution

Ordinary shares
3B
Fully diluted
3.6B

FY2026 note 17 closes at 3,030,806,096 ordinary shares. All 525,259,941 unissued options are included conservatively in fully diluted shares; 307,692,307 placement options at A$0.043 are out of the money at the reference close.

Security classes11
ClassTypeQuantityStrikeExpiry
Fully paid ordinary sharesOrdinary Share3B——
Unlisted option or zero-exercise-price optionOption104.6MA$0.0432028-01-22
Unlisted option or zero-exercise-price optionOption54.1MA$02027-12-23
Unlisted option or zero-exercise-price optionOption203.1MA$0.0432027-11-21
Unlisted option or zero-exercise-price optionOption10MA$02029-02-20
Unlisted option or zero-exercise-price optionOption45MA$02029-05-03
Unlisted option or zero-exercise-price optionOption30MA$02029-08-26
Unlisted option or zero-exercise-price optionOption25MA$02030-07-25
Unlisted option or zero-exercise-price optionOption50MA$02030-12-19
Unlisted option or zero-exercise-price optionOption2.5MA$0.55—
Unlisted option or zero-exercise-price optionOption1MA$0.45—

KPI history

Operating metrics · Company

Quarter-end cash shown
02,170,2804,340,5606,510,8408,681,120September 2025: 2,698,000 AUDSeptember 2025December 2025: 7,193,000 AUDDecember 2025March 2026: 7,751,000 AUDMarch 2026June 2026: 5,328,000 AUDJune 2026
MetricUnitTrendSeptember 2025December 2025March 2026June 2026
Quarter-end cashAUDSeptember 2025: 2,698,000 AUDDecember 2025: 7,193,000 AUDMarch 2026: 7,751,000 AUDJune 2026: 5,328,000 AUD2,698,0007,193,0007,751,0005,328,000
Operating cash flowAUDSeptember 2025: -1,448,000 AUDDecember 2025: -424,000 AUDMarch 2026: -1,969,000 AUDJune 2026: -2,419,000 AUD(1,448,000)(424,000)(1,969,000)(2,419,000)
Operating metric source table8
MetricProjectPeriodPeriod typeValueStatus
Quarter-end cashCompanySeptember 2025 quarterPoint In Time2,698,000 AUDReported
Quarter-end cashCompanyDecember 2025 quarterPoint In Time7,193,000 AUDReported
Quarter-end cashCompanyMarch 2026 quarterPoint In Time7,751,000 AUDReported
Quarter-end cashCompanyJune 2026 quarterPoint In Time5,328,000 AUDReported
Operating cash flowCompanySeptember 2025 quarterQuarter-1,448,000 AUDReported
Operating cash flowCompanyDecember 2025 quarterQuarter-424,000 AUDReported
Operating cash flowCompanyMarch 2026 quarterQuarter-1,969,000 AUDReported
Operating cash flowCompanyJune 2026 quarterQuarter-2,419,000 AUDReported

Capital history

Capital events

1 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-01-22Ann. 2025-11-17RaisingA$8M307.7M—Completed—

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Complete As Disclosed · as of 2026-09-27

FY2026 annual report material terms; offtake discussions are not signed arrangements.

Ausgold may earn 70% by expenditure; Critica can retain 30% contributing or elect a 1.5% NSR at a mining decision.

Farm Out · Active
Counterparties
Ausgold Limited
Applies to
Kulin gold exploration interest · Gold
Economic direction
Mixed
Period
Dates not stated
Key terms
Stage 1 earn: 51 percent interest
Stage 2 earn: 19 percent interest
Retained contributing interest: 30 percent interest
Optional NSR at mine decision: 1.5 percent NSR
How it affects our valuation

No valuation treatment is available for this arrangement.