Venture Minerals Limited (AU:CRI)
ASX:CRI
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Venture Minerals Limited
(Sydney:CRI)
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Rating:44Neutral
Price Target:
AU$0.02
▲(5.00% Upside)
Action:ReiteratedDate:03/03/26
The score is primarily held down by weak financial performance driven by no revenue, ongoing losses, and negative free cash flow, despite low balance-sheet leverage. Technicals add little support with a generally weak short-to-mid-term trend and only neutral momentum. Valuation is also constrained because the company is loss-making (negative P/E) and there is no dividend yield data.
Positive Factors
Low leverage / balance-sheet flexibility
Very low debt relative to equity provides durable financial flexibility for a cash-burning explorer. With minimal interest burden and limited secured obligations, the company can prioritize project advancement or staged capital raises without immediate refinancing stress, supporting execution over months.
Negative Factors
No reported revenue
Absence of operating revenue leaves the company fully dependent on external financing or asset monetization to fund operations. This structural lack of internal cash generation raises execution risk and makes long-term project viability contingent on successful funding or discovery outcomes.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance-sheet flexibility
Very low debt relative to equity provides durable financial flexibility for a cash-burning explorer. With minimal interest burden and limited secured obligations, the company can prioritize project advancement or staged capital raises without immediate refinancing stress, supporting execution over months.
Read all positive factors
Venture Minerals Limited (CRI) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$66.33M
Dividend YieldN/A
Average Volume (3M)11.20M
Price to Earnings (P/E)―
Beta (1Y)1.97
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,015,197,500
10 Day Avg. Volume5,195,759
30 Day Avg. Volume11,196,979
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)7.43
Price to Sales (P/S)0.00
P/FCF Ratio-6.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Venture Minerals Limited Business Overview & Revenue Model
Company Description
Critica Limited engages in the exploration and development of mineral resources in Australia. The company explores for thorium, uranium, zinc, lithium, bismuth, antimony, copper, gold, nickel, tin, and tungsten, as well as platinum grade and rare ...
How the Company Makes Money
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Venture Minerals Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| 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
UnderperformOutperform
Sector (61)
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$93.26M | 2.16 | 0.85% | ― | -16.97% | -94.15% | |
45 Neutral | AU$55.46M | -0.14 | -92.53% | ― | ― | 21.74% | |
44 Neutral | AU$66.33M | -10.56 | -59.10% | ― | ― | ― | |
43 Neutral | AU$31.21M | -2.68 | -24.39% | ― | ― | ― | |
41 Neutral | AU$42.81M | -6.38 | -17.07% | ― | ― | 36.62% |
* Basic Materials Sector Average
AU:CRI
Venture Minerals Limited
0.02
<0.01
37.50%
AU:MSV
Mitchell Services Limited
0.44
0.19
73.23%
AU:ADN
Andromeda Metals Limited
0.01
<0.01
20.00%
AU:VRX
VRX Silica Ltd.
0.06
<0.01
7.84%
AU:MNB
Minbos Resources Limited
0.03
-0.02
-40.00%
Venture Minerals Limited Corporate Events
Critica Advances Jupiter Rare Earths Project as Australia’s Largest Clay-Hosted MREO Resource
Mar 25, 2026
Critica has outlined its progress in advancing the Jupiter rare earths project, highlighting previous exploration and metallurgical testwork that underpin its status as Australia’s largest clay-hosted MREO resource. The company has reported ...
Critica Advances Australia’s Largest Clay-Hosted Magnet REE Project Toward Development
Feb 26, 2026
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 be...
Critica launches resource upgrade and regional drilling at Jupiter Rare Earth Project
Feb 25, 2026
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 ...
Critica Advances Jupiter Rare Earths Project With Second High-Grade Product and Scoping Study Launch
Jan 30, 2026
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 ...
Critica Links Share Trading Spike to Release of Commissioned Research Report
Jan 28, 2026
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 continu...
Critica Director Increases Indirect Stake Through Participation in Share Placement
Jan 22, 2026
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 pa...
Critica Completes $8m Placement to Accelerate Jupiter Rare Earth Project
Jan 22, 2026
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 a...
Critica Issues Over 104 Million Unlisted Options Expiring in 2028
Jan 22, 2026
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 Janu...
Critica Limited Seeks Quotation for Over 104 Million New Shares on ASX
Jan 22, 2026
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 ...
Critica Launches Scoping Study for Jupiter Rare Earth Project with Sedgman Appointment
Jan 19, 2026
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 integrat...
Critica Shareholders Back All Resolutions at General Meeting, Approving Capital Placements
Jan 15, 2026
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, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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