Critica launches resource upgrade and regional drilling at Jupiter Rare Earth Project

Venture Minerals Limited ( (AU:CRI) ) has provided an update.

Critica Limited has launched a significant air core drilling program at its Jupiter Rare Earth Project in Western Australia, aiming to upgrade parts of the existing Inferred Mineral Resource to Indicated status. The work, which includes 143 holes over a 3km by 1km footprint, is designed to provide higher-confidence data for mine planning, with SRK Consulting mandated to update the Jupiter mineral resource model as new results are received.

In parallel, the company has commenced Exploration Incentive Scheme co-funded regional drilling at the nearby Juno and Aurora prospects within the Brothers Project, targeting additional clay-hosted rare earth mineralisation to unlock broader project upside. These drilling initiatives, alongside ongoing metallurgical optimisation and a progressing scoping study, signal a deliberate move toward project de-risking and potential development, while leveraging government support to lower capital intensity for shareholders.

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 ASX-listed resources company focused on the exploration and development of rare earth element deposits in Western Australia. Its flagship asset is the Jupiter Rare Earth Project, part of the broader Brothers Project, where the company is progressing studies and drilling aimed at defining a viable mining operation for clay-hosted rare earths.

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