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Critical Minerals Group Limited (ASX:CMG)

ALERT: Price-sensitive ASX Announcement for CMG
Current share price for CMG : $0.067 -0.002 (-2.90%)+
Announcement
Release
31 Jul 2026 4:43PM
Price at Release
$0.069
Full Release
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Summary
Critical Minerals Group Limited (ASX: CMG) reported significant progress during the quarter ending 30 June 2026. The company completed a Pre-Feasibility Study (PFS) for the Lindfield Vanadium Project, an integrated vanadium mine and Vanadium Electrolyte (VE) manufacturing facility. The study confirmed the technical and financial viability of the project, with a pre-tax NPV of AUD 821 million and an IRR of 26.6%. CMG plans to advance to a Definitive Feasibility Study (DFS) with an aim for a Final Investment Decision (FID) by 2027. Key strategic actions include securing long-term reagent supply contracts and advancing government finance applications. The company also raised AUD 1.5 million through a two-tranche placement to support these initiatives. Cash flows for the quarter indicated significant expenditures on exploration and administration, with a net decrease in cash equivalents.
Key Points
  • Pre-Feasibility Study for Lindfield Vanadium Project completed.
  • Pre-tax NPV: AUD 821 million, IRR: 26.6%.
  • Advancing to Definitive Feasibility Study aiming FID by 2027.
  • Raised AUD 1.5 million via two-tranche placement.
  • Focus on securing long-term supply contracts and government financing.
  • Net decrease in cash equivalents after exploration and administration expenses.
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.