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Venture Minerals Limited ( (AU:CRI) ) has provided an update.
Critica Limited has entered into a Farm-In Agreement with Ausgold Limited for the Kulin Gold Project, allowing Ausgold to earn up to a 70% interest by investing $610,000 over three years. This strategic move enables Critica to concentrate resources on its main Jupiter REE Project while maintaining a 30% interest in Kulin, potentially converting to a 1.5% net smelter royalty. This agreement reflects Critica’s strategy to optimize capital allocation and retain exposure to potential project upsides, impacting its operational focus and stakeholder interests.
More about Venture Minerals Limited
Critica Limited is an Australian company focused on the mining industry, primarily dealing with rare earth elements. Its flagship project is the Jupiter REE Project, which is the largest and highest-grade clay-hosted rare earth deposit in Australia, located in Yalgoo, Western Australia. The company benefits from existing infrastructure and proximity to processing facilities, enhancing its strategic position in the market.
YTD Price Performance: 33.33%
Average Trading Volume: 6,790,070
Technical Sentiment Signal: Hold
Current Market Cap: A$43.16M
For a thorough assessment of CRI stock, go to TipRanks’ Stock Analysis page.