Critica Limited · ASX:CRI
Critica — Venture Minerals — RIU Explorers Conference 2024
20 slides from Critica's conference presentation, Feb 13, 2024
Slide 1: Jupiter on the way to becoming Australia's largest High-Grade Clay Hosted REE discovery
Jupiter on the way to becoming Australia’s largest High-Grade Clay Hosted REE discovery RIU EXPLORERS CONFERENCE ASX | VMS 13TH – 15TH FEBRUARY 2024 www.ventureminerals.com.au
Slide 2: Disclaimer and Competent Persons Statement
Disclaimer and Competent Persons Statement FORWARD LOOKING STATEMENT ▪ This presentation may contain certain forward-looking statements and projections regarding: estimated, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies
Slide 3: Investment Highlights
Investment Highlights • Jupiter drilling delivers record drill intersection of 48 metres @ 3,025 ppm TREO. The highest, clay hosted REE intersection in Australia. In addition, there are very high-grade results in other drill holes including assays up to 10,266 ppm & 20,538 ppm TREO, with the latter
Slide 4: Corporate Snapshot
Corporate Snapshot Share Price and Volume Shares on Issue Share Price $0.030 35,000,000 2,210m A$0.014 $0.025 30,000,000 25,000,000 $0.020 Market Cap Cash (31 Dec 23) 20,000,000 A$30.9m A$2.0m $0.015 15,000,000 $0.010 10,000,000 Debt (31 Dec 23) Enterprise Value $0.005 5,000,000 Nil A$28.9m $0.000 0
Slide 5: Directors and Key Management
Directors and Key Management A dedicated management team with a wealth of experience and credited with a number of discoveries both in Australia and internationally Mel Ashton Andrew Radonjic Dr Stuart Owen Non-Executive Chairman Managing Director Exploration Manager ▪ Chairman of Venture Minerals ▪
Slide 6: Project Locations
Project Locations www.ventureminerals.com.au 6
Slide 7: What are Rare Earth Elements (REE)
What are Rare Earth Elements (REE) What are Rare • REE comprise the 15 lanthanide series of elements as well as yttrium (Y). Often Earth Elements referred as Total rare earth oxides (TREO), (REE) rare-earth elements have unique catalytic, metallurgical, nuclear, electrical, magnetic and luminescent
Slide 8: Jupiter - Location, Location, Location
Jupiter- Location, Location, Location 8
Slide 9: How Jupiter came about
How Jupiter came about • Acquired and identified new priority Rare Earth targets to increase exposure in the REE space, with a particular focus on clay hosted mineralisation. • Brothers 511 km2 tenement package adjacent to the Vulcan Prospect which has very high grade REE results up to 12.5% TREO. I
Slide 10: JV on Iron Duke REE project (Jupiter Prospect)
JV on Iron Duke REE project (Jupiter Prospect) hosting shallow hits up to 49m @ 1,313 ppm TREO • Signed a JV agreement to earn into the Iron Duke REE Project (Jupiter Prospect), which hosts two shallow historic drillholes, both of which have broad, high grade intersections of TREO. • Located immedia
Slide 11: Maiden Drilling program confirms High Grade clay hosted REE discovery at Brothers
Maiden Drilling program confirms High Grade clay hosted REE discovery at Brothers (incl. Iron Duke with Jupiter prospect) • Maiden Drilling program has confirmed High Grade clay hosted REE mineralisation has been discovered at the Greater Brothers Project (Brothers including Iron Duke with prospect
Slide 12: Massive new REE Target (Jupiter Prospect) identified at Brothers
Massive new REE Target (Jupiter Prospect) identified at Brothers with results up to 3,969 ppm TREO • Identification of a new large REE target at Brothers named the “Jupiter Prospect” located within the Iron Duke JV ground. The target is defined by a coincident gravity and magnetic anomaly extending
Slide 13: Jupiter REE Target defined by coincident magnetic/gravity anomaly
Jupiter REE Target defined by a coincident magnetic/gravity anomaly over 40 sq. km hosting extensive REE rich clays. BRAC039 42 m @ 1,619 ppm TREO from 5 m, including 10 m @ 2,595 ppm TREO BRAC036 28 m @ 2,246 ppm BRAC036 28 m @ 2,246 ppm TREO from 37 m, including TREO from 37 m, including 11 m @ 3,
Slide 14: Jupiter Delivers over 7,000 ppm TREO assays
Brothers/Jupiter Jupiter Delivers over 7,000 ppm TREO assays in clay hosted mineralisation from Maiden RC Drill Program • Initial RC program at Jupiter delivers clay hosted REE mineralisation in all 25 holes. • Compelling assays across Jupiter target. • Consistent 20-30 m widths of REE mineralisatio
Slide 15: Jupiter Drilling Results
Jupiter Drilling Results BRRC072 BRRC018 50m @ 1,722ppm 60m @ 1,695ppm 0 2 TREO from 24m, TREO from 34m, kilometres incl. 30m @ 2,284ppm incl. 20m @ 2,519ppm TREO from 36m TREO from 48m BRRC034 60m @ 1,487ppm TREO from 12m, incl. 4m @ 2,046ppm BRRC069 TREO from 46m 42m @ 1,839ppm TREO from 18m, incl
Slide 16: Jupiter in Summary
Jupiter in Summary • Jupiter sits within the Brothers Project which is 992 km2 in area, located 300 kms east of Geraldton in Western Australia; • Jupiter is a 40 km2 clay hosted REE mineralisation and alkaline intrusion target; • Jupiter- assays for 61 drill holes received to date, 90% have results
Slide 17: Jupiter - Next Steps
Jupiter – Next Steps • There are 57 drill holes worth of assays pending from the two outstanding batches from the Stage One Resource definition drill program which was completed late last year. Results are expected shortly. • The Stage Two Resource definition drill program is scheduled to commence t
Slide 18: Project Locations
Project Locations www.ventureminerals.com.au 18
Slide 19: Conclusions
Conclusions Jupiter’s breakthrough record ultra-high grade REE clay results and consistent high-grade zones of 20-30 m widths over 2,000 ppm TREO across the 40 km2 target has propelled this project well above its peers in terms of both grade and scale and has become Venture’s immediate focus; Jupite
Slide 20: Thank You
Jupiter on the way to becoming Australia’s largest High-Grade Clay Hosted REE discovery THANK YOU ASX | VMS COME AND SEE US AT BOOTH 92 www.ventureminerals.com.au