Critica surges after unveiling $1.4B tin-tungsten prize in Tasmania

AI Summary

Critica Ltd surged after a scoping study for its Tasmanian tin and tungsten project estimated a pre-tax net present value of A$1.42 billion. The proposed underground mine was projected to deliver a 65% internal rate of return and a 1.9-year payback period.

Critica Ltd surged after a scoping study at its Tasmanian tin-tungsten project delivered a $1.42B pre-tax NPV, 65% IRR and 1.9-year payback from a proposed underground mine.