Critica appoints commodities trading veteran to board ahead of mines sales push
Critica appointed commodities trader Hannah Badenach to its board ahead of developing two mining projects.
Critica has appointed Hannah Badenach to its board. Badenach brings deep expertise in selling the exact commodities it will produce.
Badenach has more than 20 years of experience trading, marketing and financing commodities. Badenach spent 13 years at global commodity trader Noble Resources.
Hannah Badenach has negotiated international marketing, offtake and financing deals. She also served on boards of rare earths and metals companies.
Badenach's appointment comes as Critica's Mt Lindsay tin-tungsten project in Tasmania delivered a scoping study. It shows a pre-tax net present value of $1.42 billion.
The internal rate of return is 64.9 per cent. The company also recently produced its first high-purity rare earth oxide sample.
This came from its Jupiter project in Western Australia. It grades 98.2 per cent total rare earth oxides.
Badenach is taking her director fees in equity. This ties her pay directly to share price performance.
- $1.42 billion
- Mt Lindsay net present value
- 64.9 per cent
- Internal rate of return
- 20 years
- Badenach's trading experience
- 13 years
- Years at Noble Resources
Why it mattersAdding a commercial heavyweight focused on offtake deals shows Critica is moving from exploration to selling its metals. This matters as Western markets tighten and demand for secure rare earths and tungsten supply is rising.
AustraliaAustralia's critical minerals sector gains capacity to compete for offtake deals and foreign investment as domestic projects advance toward production.
✓ Claims checked against the source. checked 2 h ago
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