Venture Minerals Limited ( (AU:CRI) ) has issued an update.
Critica Limited has received approvals to commence drilling at key satellite prospects within its Brothers Clay Hosted Rare Earth Project in Western Australia. The company aims to explore the Aurora and Juno prospects, which have shown high levels of heavy rare earths, including those subject to Chinese export controls. This exploration is supported by a government grant covering up to 50% of drilling costs, potentially enhancing the strategic value of the project and offering critical options for future development.
More about Venture Minerals Limited
Critica Limited operates in the mining industry, focusing on the exploration and development of rare earth elements. The company is primarily engaged in the extraction of heavy rare earths, such as Dysprosium, Terbium, and Yttrium, from its projects in Western Australia, with a significant emphasis on the Brothers Clay Hosted Rare Earth Project.
YTD Price Performance: -7.14%
Average Trading Volume: 20,000
Technical Sentiment Signal: Buy
Current Market Cap: $25.99M
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