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Venture Minerals Limited
(Sydney:CRI)
Venture Minerals Limited (CRI) vs. iShares MSCI Australia ETF (EWA)
Venture Minerals Limited Business Overview & Revenue Model
Venture Minerals Limited Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -126.64K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -6.53M | -5.93M | -9.01M | -17.64M | -11.70M |
| Net Income | -3.75M | -6.33M | -9.11M | -17.76M | -11.75M |
Balance Sheet | |||||
| Total Assets | 6.54M | 3.40M | 4.73M | 11.13M | 16.01M |
| Cash, Cash Equivalents and Short-Term Investments | 4.15M | 1.64M | 3.14M | 9.43M | 9.49M |
| Total Debt | 252.06K | 141.27K | 34.38K | 68.08K | 0.00 |
| Total Liabilities | 1.20M | 2.54M | 1.63M | 2.17M | 4.49M |
| Stockholders Equity | 5.33M | 861.01K | 3.10M | 8.97M | 11.52M |
Cash Flow | |||||
| Free Cash Flow | -6.20M | -4.65M | -9.30M | -19.97M | -11.17M |
| Operating Cash Flow | -6.18M | 0.00 | 0.00 | 0.00 | 0.00 |
| Investing Cash Flow | 2.68M | -252.91K | -671.66K | -9.11M | -6.43M |
| Financing Cash Flow | 6.01M | 3.16M | 3.00M | 15.19M | 19.69M |
Venture Minerals Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$109.16M | 12.20 | 0.85% | ― | -16.97% | -94.15% | |
45 Neutral | AU$60.08M | -7.22 | -3.86% | ― | ― | 21.74% | |
44 Neutral | AU$75.38M | -17.86 | -210.98% | ― | ― | ― | |
43 Neutral | AU$46.70M | -13.33 | -16.10% | ― | ― | 36.62% | |
43 Neutral | AU$27.46M | -2.64 | -27.12% | ― | ― | ― |
Venture Minerals Limited Corporate Events
Critica Limited is advancing its Jupiter Project, which it describes as Australia’s largest clay-hosted magnet rare earth element system, from discovery towards development in less than two years. The company’s strategy centres on a beneficiation-first flowsheet to produce high-grade rare earth concentrates, supporting magnet and heavy REE supply for markets aligned with Western and Australian sovereign interests.
The latest corporate presentation highlights rapid progress at Jupiter, including metallurgical testwork, bulk sampling and the first production of mixed rare earth concentrates through partnerships with ANSTO and other technical groups. While the project remains at a pre-scoping and pre-feasibility stage and thus economically unproven, the scale of the resource and early processing results reinforce Critica’s bid to secure a significant position in the emerging clay-hosted REE sector, with potential implications for future funding, permitting and development decisions.
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.
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.
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.
Critica Limited has responded to an ASX query over recent price and volume movements in its shares, stating it is not aware of any undisclosed information that could explain the trading activity and confirming that it is complying with its continuous disclosure obligations, including Listing Rule 3.1. The company attributed the increased trading interest to the release of a commissioned research report by East Coast Research, which was based solely on information already made public, and noted that its board has authorised the responses provided to the exchange.
The most recent analyst rating on (AU:CRI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Venture Minerals Limited stock, see the AU:CRI Stock Forecast page.
Critica Limited has disclosed a change in the indirect securities interests of director Timothy Gordon Armstrong Lindley, held via Lindley Family Investment Pty Ltd and Lindley Family Super Pty Ltd, in accordance with ASX listing rules. Lindley participated in the company’s Tranche 2 Placement approved at a 15 January 2026 general meeting, acquiring 7,692,307 ordinary fully paid shares and an equal number of unlisted options at A$0.043, for a total consideration of A$200,000. Following the transaction, his indirect holdings comprise existing ordinary shares, a substantial parcel of unlisted zero exercise priced options and share rights subject to vesting, plus the newly acquired shares and options. The move underscores increased financial commitment by the director and is likely to be viewed as a signal of confidence in the company’s outlook and capital-raising strategy by investors and other stakeholders.
The most recent analyst rating on (AU:CRI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Venture Minerals Limited stock, see the AU:CRI Stock Forecast page.
Critica Limited has completed the second tranche of its previously announced $8 million two-tranche placement, issuing 92,321,731 fully paid ordinary shares at $0.026 per share, together with an equal number of free attaching options exercisable at $0.043 and expiring in two years. Directors also participated on the same terms, subscribing for over 12.3 million shares with corresponding options, reinforcing internal support for the funding. The capital raise is intended to accelerate operational activities at the company’s Jupiter Rare Earth Project, strengthening Critica’s ability to advance this key asset and potentially enhancing its position in the rare earths sector, while a cleansing notice confirms compliance with Australian corporate disclosure requirements for the new securities.
The most recent analyst rating on (AU:CRI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Venture Minerals Limited stock, see the AU:CRI Stock Forecast page.
Critica Limited has notified the market of the issue of a substantial tranche of unquoted equity securities in the form of options. The company will issue 104,629,423 unlisted options with an exercise price of A$0.043 and an expiry date of 22 January 2028, which are not intended to be quoted on the ASX, signalling a significant potential source of future equity that could influence capital structure and shareholder dilution depending on future exercise.
The most recent analyst rating on (AU:CRI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Venture Minerals Limited stock, see the AU:CRI Stock Forecast page.
Critica Limited, listed on the ASX under the code CRI, has applied for quotation of additional ordinary fully paid shares, expanding its listed securities base. The company has lodged an Appendix 2A announcing that 104,629,423 new ordinary shares will be quoted from 22 January 2026, formalising the market admission of securities previously issued under an Appendix 3B and potentially increasing liquidity and free float for existing and new investors.
The most recent analyst rating on (AU:CRI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Venture Minerals Limited stock, see the AU:CRI Stock Forecast page.
Critica Limited has appointed engineering group Sedgman to lead a Scoping Study for its flagship Jupiter Rare Earth Project in Western Australia, supported by Snowden Optiro on mining and SRK Consulting on resource updates. The study will integrate a beneficiation-first flowsheet with mining, processing and infrastructure concepts to define a base-case development pathway, establish baseline project economics and set initial capital and operating cost assumptions, marking a key shift from technical validation to structured economic assessment. Parallel technical work, including metallurgical testing with ANSTO, pilot-scale beneficiation with GAVAQ and planning for targeted drilling, is underway to refine flowsheet design, optimise product specifications and de-risk the project ahead of planned pre-feasibility and definitive feasibility studies, positioning Jupiter as a potentially large-scale, capital-efficient rare earths development in a low-risk jurisdiction.
The most recent analyst rating on (AU:CRI) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Venture Minerals Limited stock, see the AU:CRI Stock Forecast page.
Critica Limited has confirmed that all resolutions presented at its latest general meeting of shareholders were approved by poll. The resolutions covered the ratification of previously issued Tranche 1 placement securities under listing capacity, the issue of Tranche 2 placement securities to placement investors, and the approval of director participation in the placement for three board members. The strong support for the placement-related resolutions, including director subscriptions, effectively endorses the company’s recent capital-raising initiatives and governance decisions, providing Critica with shareholder-backed flexibility to deploy new equity capital in support of its ongoing corporate and operational objectives.
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.
Critica Limited has disclosed a change in the interest of its director, Timothy Gordon Armstrong Lindley, in accordance with ASX listing obligations. Mr. Lindley has been issued 3,652,960 unlisted share rights in lieu of up to 100% of his director fees from July 2025 to June 2026, following shareholder approval during the company’s AGM. This move aligns with broader corporate strategies to remunerate leadership using equity-related instruments, potentially signaling a focus on sustaining shareholder value and ensuring alignment between directors and investor interests.
Critica Limited has issued a total of 3,652,960 unquoted equity securities under an employee incentive scheme, which will not be listed on the ASX. This issuance highlights the company’s effort to incentivize its workforce, potentially aligning their interests with the company’s performance and fostering engagement with stakeholders.
Critica Limited has announced the issuance of 50,000,000 unquoted Zero Exercise Price Options as part of an employee incentive scheme. This move demonstrates the company’s strategy to reward and retain employees, which could strengthen its workforce and potentially enhance its operational performance.
Critica Limited has received a $1 million cash refund from the Australian Government’s R&D Tax Incentive Program, which will support the advancement of its Jupiter Rare Earth Project. This financial boost, along with recent and proposed placements, positions Critica to continue its strategy of becoming a leading rare earth developer in Australia, enhancing its market position and stakeholder value.
Critica Limited has announced a General Meeting for its shareholders to be held on January 15, 2026, in Perth, Australia. The meeting will be conducted physically, and shareholders can participate in person or by proxy. The company has opted for electronic distribution of the Notice of Meeting and related materials, which can be accessed via their website or the ASX market announcements page. Shareholders are encouraged to vote by proxy, with instructions to be submitted by January 13, 2026.