Critica Limited has entered into a strategic farm-in agreement with Ausgold Limited over its Kulin Gold Project. The move is designed to free up capital for the Company’s flagship Jupiter Rare Earth Elements (REE) Project while allowing Critica Limited shareholders to maintain exposure to potential upside in the Kulin Project with a retained interest of 30%. Under the agreement, Ausgold Limited can earn up to a 70% joint venture interest by investing $250,000 within 18 months for an initial 51% interest and an additional $360,000 over the following 24 months for a further 19%. Once completed, Critica Limited also secures the right to convert its interest to a 1.5% net smelter royalty should mining commence. The farm-in deal aligns with Critica Limited’s broader strategy of reducing cash expenditure on non-core assets while focusing on high-potential projects. The Kulin Project, positioned near Ausgold’s Katanning Gold Project, offers investors continued participation in further exploration upside without diverting resources away from development of the Jupiter deposit. The Jupiter deposit, located in Yalgoo, Western Australia, represents a significant asset in the rare earth market. Announced in late 2023, the deposit features clay-hosted rare earth mineralization with a global inferred resource estimated at 1.8 billion tonnes averaging 1,700 parts per million, including 520,000 tonnes at 2,200 parts per million total rare earth oxides. Notably, the Jupiter deposit contains 682 kilotonnes of Magnet Rare Earth Oxides with low levels of thorium and uranium. Its proximity to key infrastructure, such as the Geraldton-Mount Magnet highway and mid-west gas pipeline, as well as nearby processing facilities, further enhances its strategic advantages. Investors may view the move positively, as the partnership reduces Critica Limited’s risk exposure in non-core assets while maintaining a stake in exploration outcomes for both the Kulin and Jupiter projects. Bullish sentiment emerges from the potential for value creation through focused capital allocation and established infrastructure supporting the Jupiter asset, which is Australia’s largest and highest-grade clay-hosted rare earth deposit. Conversely, a cautious perspective might stem from the inherent market volatility in exploration ventures and the need for continued capital investment to advance these projects toward production.