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Critical Minerals Group Limited (ASX:CMG)

ALERT: Price-sensitive ASX Announcement for CMG
Current share price for CMG : $0.060 -0.016 (-21.05%)+
Announcement
Release
20 Jul 2026 10:32AM
Price at Release
$0.076
Full Release
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Summary
Critical Minerals Group Limited (CMG) has completed a Technical and Financial Pre-Feasibility Study (PFS) for the Lindfield Vanadium Project, confirming the viability of an integrated open-cut vanadium mine and Vanadium Electrolyte (VE) manufacturing facility. The project, located in north-western Queensland, aims to exploit vanadium resources in the Toolebuc Formation, characterized by a substantial Mineral Resource Estimate of 713 million tonnes. The PFS highlights a pre-tax NPV of AUD 821 million and an IRR of 26.6% for the preferred 3 Mtpa production scenario. Key elements include metallurgical improvements, securing long-term supply agreements, and advancing regulatory approvals. The project targets commencement of VE production using third-party Vâ‚‚Oâ‚… feedstock by 2028, with a progressive ramp-up in vanadium production. The PFS sets a foundation for a Definitive Feasibility Study and highlights considerable financial and technical merits for future development.
Key Points
  • Completion of PFS for Lindfield Vanadium Project by CMG.
  • Project includes an open-cut mine and VE manufacturing facility.
  • Located in north-western Queensland's Toolebuc Formation.
  • PFS shows pre-tax NPV of AUD 821 million and IRR of 26.6%.
  • Focus on metallurgical improvements and supply agreements.
  • Plan to start VE production with third-party feedstock by 2028.
  • PFS supports transition to a Definitive Feasibility Study.
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.