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Critical Minerals Group Limited (ASX:CMG)

ALERT: Price-sensitive ASX Announcement for CMG
Current share price for CMG : $0.084 -0.086 (-50.59%)+
Announcement
Release
31 Jul 2025 9:22AM
Price at Release
$0.170
Full Release
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Summary
Critical Minerals Group Limited (CMG) released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ended 30 June 2023. The report highlights ongoing exploration and development activities at the company’s Lindfield Vanadium Project, including the completion of a Pre-Feasibility Study (PFS) that demonstrated positive technical and economic outcomes. CMG also advanced metallurgical test work, environmental studies, and stakeholder engagement, while managing its cash flows with a closing balance of $2.90 million. The company remains focused on progressing the Lindfield project towards future development, optimizing resource utilization, and maintaining sound financial management.
Key Points
  • CMG completed a Pre-Feasibility Study (PFS) for the Lindfield Vanadium Project, indicating positive technical and economic results.
  • Ongoing metallurgical test work and environmental baseline studies are being conducted to support project development.
  • Stakeholder engagement with government and landholders has progressed during the period.
  • CMG's closing cash balance was $2.90 million as of 30 June 2023.
  • The company is focused on advancing the Lindfield project towards future development stages.
  • Sound financial management continues, with cash flow reporting and expenditure control in place.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.