Management believes it has the potential to become Australia’s biggest clay-hosted rare earths project.

Venture has had a diverse background under previous management, exploring for a vast range of minerals through a multitude of projects in either WA or Tasmania.

In WA’s south-west corner, the company holds the Kulin gold and platinum group elements (PGE)-nickel-copper project, the Thor copper-lead-zinc prospect and the nearby Odin nickel-copper target.

In the State’s Mid West, it has its Golden Grove North project where Premier Lithium has entered into a farm-in agreement and can earn up to a 70 per cent interest by spending $4.5 million in exploration costs.

Critica still holds its two Tasmanian projects – the huge Mt Lindsay tin-tungsten deposit that contains one of the world’s biggest undeveloped tin resources and the Livingstone direct shipping ore (DSO) iron-ore hematite project that sits just 3.5km from Mt Lindsay. However, in June, management revealed it was appointing an advisor to run a sale process for those remaining Tasmanian assets.

The company has made no bones about the fact that it has a steely focus on transforming Jupiter into a blockbuster clay-hosted deposit and it is now well-funded to seriously push the project in that direction.

Venture’s name change to Critica was approved by the company’s shareholders late last month and it will now trade on the ASX under the ticker, “CRI”.

Is your ASX-listed company doing something interesting? Contact: [email protected]