Critica Limited · ASX:CRI
Critica — Investor Presentation (July 2024)
27 slides from Critica's investor presentation, Jul 1, 2024
Slide 1: Jupiter: Funded to Rise
Jupiter Funded to Rise 1 July 2024 ventureminerals.com.au ventureminerals.com.au RELIABLE • R ES PONS IBL E • SUSTAINABLE ASX:VMS
Slide 2: Disclaimer
ASX:VMS Disclaimer This Presentation (Presentation) has been prepared by Venture Minerals Limited (VMS or the Company) and is authorised by the Board of VMS. The information contained in this Presentation is a professional opinion only. Certain information in this Presentation has been derived from
Slide 3: Exploration Results
ASX:VMS Exploration Results The information in this presentation that relates to Exploration Results was reported by VMS in accordance with ASX Listing Rule 5.7 and the JORC Code (2012 edition) in the ASX announcements listed below. Copies of those announcements are available at www.asx.com.au. The
Slide 4: Funding Secured – Focused on Achieving Major Objectives at Jupiter
ASX:VMS Funding Secured – Focused on Achieving Major Objectives at Jupiter • Capital Raising secures funding for 18 months ◊ Institutional Cornerstone Investors: NorthStar Impact Fund and Lion Selection Group (ASX: LSX) ◊ Indicative cash post placement: $12.1m • Secured 100% of Jupiter from JV partn
Slide 5: Jupiter Acquisition
On 1 July 2024 Venture secured the right to acquire Joint Venture (JV) Partner, Merchant Venture Pty Ltd’s 30% of Jupiter and the Brothers Project for A$1.5m in shares, being 78.9m shares with 52.6m shares in escrow for up to 8 months. Subject to shareholder approval. 1 July 2024 Following sharehold
Slide 6: Focus on Jupiter’s Huge Potential
ASX:VMS Focus on Jupiter’s Huge Potential Reliable. Responsible. Sustainable. • Primary focus - Advance Jupiter • Acquire 100% of Jupiter • Complete capital raising with institutional support • Complete Share Purchase Plan (SPP) for shareholder participation on same basis as institutions • Conduct u
Slide 7: Strategic Location & Infrastructure Support Commercialisation
ASX:VMS Strategic Location & Infrastructure Support Commercialisation 7
Slide 8: Ideal Operating Conditions
ASX:VMS Ideal Operating Conditions • Minimally stocked pastoral leases • Flat terrain with sparse vegetation • Easy access all year round • Standard heritage assessments required 8
Slide 9: Jupiter
Jupiter Flat, dry & accessible 9
Slide 10: Jupiter Rises Over Major Discovery
ASX:VMS Jupiter Rises Over Major Discovery 10
Slide 11: Remarkable Continuity, with Consistently High Grade over 40km2
Remarkable Continuity, with Consistently High Grade over 40km2 Sydney Cricket Ground fits into Jupiter area 754 times 22,000m of drilling completed for Maiden Resource 11
Slide 12: Low-cost Exploration Delivers High-Grade Intercepts
ASX:VMS Low-cost Exploration Delivers High-Grade Intercepts 12
Slide 13: High-Grade Continuity over 7km wide Cross Sections
High-Grade Continuity over 7km wide Cross Sections Sydney harbour bridge fits end-to-end 13 times 13
Slide 14: Structure of Capital Raising and Resulting Shareholding
ASX:VMS Structure of Capital Raising and Resulting Shareholding Structure No. of Shares Shares on issue 2,266,679,702 New Shares to be issued via Tranche 1 Placement 172,501,955 New Shares to be issued via Tranche 2 Placement1 110,092,783 New Shares to be issued to Directors1 10,526,316 Share Purcha
Slide 15: Source and Use of Funds
ASX:VMS Source and Use of Funds Source of Funds A$m Existing Cash as at 26 June 2024 $1.60 Sale of Riley Iron Ore Mine (estimated completion 8 July 2024) $3.30 Placement including director participation $5.50 Acuity Transfer $0.70 Share Purchase Plan $1.00 Total Sources of Funds $12.10 Use of Funds
Slide 16: Indicative Timetable
ASX:VMS Indicative Timetable Event Indicative Date 5:00pm (AWST) on Friday, 28 Record Date June 2024 Announcement of Capital Raising and Sale Facility Monday, 1 July 2024 Settlement of Shares under Tranche 1 Placement Thursday, 4 July 2024 Issue of Shares under Tranche 1 Placement Friday, 5 July 202
Slide 17: Building Momentum
ASX:VMS Building Momentum Jupiter assay w. Record MAIDEN RESOURCE Jupiter assays w. Record NdPr Nick Cernotta as NED TREO Q4 2024 Jupiter assay w. Record Strategic land Tim Lindley Jupiter assay w. Record Philippa Leggat as MD TREO acquisition as Chair TREO $0.030 50,000,000 45,000,000 $0.025 40,000
Slide 18: Strong Strategic Leadership
ASX:VMS Strong Strategic Leadership TIM Lindley MCom, BA, RMC-D, GAICD, FGIA Non-Executive Chair Tim is an experienced ASX board director and previous senior investment banker who brings a proven track record in resource company equity raising, project finance, debt, and M&A. During his 25-year exec
Slide 19: Strong Capability and Technical Expertise
ASX:VMS Strong Capability and Technical Expertise JAMIE Byrde BComm, CA CFO and Company Secretary Jamie has over 18 years’ experience in corporate, financial, governance, audit and company secretarial roles. Jamie has held a number of senior financial positions including CFO and Company Secretary fo
Slide 20: Jupiter and its Peers
ASX:VMS Jupiter and its Peers • All the hallmarks of being Australia’s biggest clay-hosted, rare earth discovery • Typical drill intersection grade is two to three times that of the south China deposits (China ave grade approx 800ppm) • • Access to infrastructure is second to none • Tier 1 jurisdict
Slide 21: Next Steps to Deliver a Maiden Resource Estimate in Q4 2024
ASX:VMS Next Steps to Deliver a Maiden Resource Estimate in Q4 2024 • Receive Final 10% of Assay Data • Map Rare Earth Mineralisation in 3D over entire 40km2 • Commence Detailed Metallurgical Programs • Prepare Data for Maiden Resource Estimate 21
Slide 22: the PEOPLE the PROJECT the PRICE cycle at a low
the PEOPLE the PROJECT the PRICE cycle at a low ASX:VMS ventureminerals.com.au ASX:VMS RELIABLE • R ES PONS IBL E • SUSTAINABLE ventureminerals.com.au
Slide 23: Key Risks
ASX:VMS Key Risks Company Specific Risks Funding risks Tenure, access and grant of applications The Company will be required to raise further funds (whether by way of debt and/or equity) in the future Mining and exploration tenements are subject to periodic renewal. There is no guarantee that teneme
Slide 24: Key Risks
ASX:VMS Key Risks Mining Industry Risks Resource and reserve estimates Results of studies Ore reserve and mineral resource estimates are expressions of judgment based on drilling results, past Subject to the results of any future exploration and testing programs, the Company may progressively experi
Slide 25: Key Risks
ASX:VMS Key Risks Mining Industry Risks Operational risk Regulatory risk The operations of the Company may be affected by various factors which are beyond the control of the The Company’s operating activities are subject to extensive laws and regulations relating to numerous Company, such as failure
Slide 26: Foreign Offer Restrictions
ASX:VMS Foreign Offer Restrictions This Presentation does not constitute an offer of new ordinary shares (“New Shares”) of the Company in any jurisdiction in which it would be unlawful. In particular, this Presentation may not be distributed to any person, and the New Shares may not be offered or so
Slide 27: Foreign Offer Restrictions
ASX:VMS Foreign Offer Restrictions New Zealand This Presentation has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (the “FMC Act”). The New Shares are not being offered or sold in New Zealand (or allotted with a view