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Venture Minerals Limited ( (AU:CRI) ) has issued an announcement.
Critica Limited reported that it has successfully produced a second high-grade mixed rare earth product grading 86% TREO from a different part of its Jupiter deposit, reinforcing the consistency of metallurgical performance and scale-up potential across the resource. Testwork also confirmed significant gallium recovery within the same flowsheet, advancing the project’s multi-commodity potential, while commissioning of a 3,000 kg closed-circuit beneficiation pilot and parallel hydromet programs at several institutions are generating key data for a forthcoming Scoping Study. The company strengthened its balance sheet with an oversubscribed A$8 million placement, a A$1 million R&D refund and ended the quarter with about A$10 million in cash, and has appointed engineering firm Sedgman, supported by Snowden Optiro and SRK, to lead the Jupiter Scoping Study, signalling a shift from technical validation toward a defined development pathway and increased engagement with potential downstream partners and offtakers.
The most recent analyst rating on (AU:CRI) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Venture Minerals Limited stock, see the AU:CRI Stock Forecast page.
More about Venture Minerals Limited
Critica Limited is an Australian mineral exploration and development company focused on the Jupiter Rare Earths Project, a large, near-surface clay-hosted rare earth system in Western Australia. The company is advancing an integrated flowsheet targeting high-grade mixed rare earth products rich in magnet rare earth elements, with potential gallium by-product, and is positioning itself within the critical minerals supply chain through beneficiation and hydrometallurgical process development.
YTD Price Performance: 30.77%
Average Trading Volume: 11,327,325
Technical Sentiment Signal: Buy
Current Market Cap: A$72.36M
See more data about CRI stock on TipRanks’ Stock Analysis page.