Critical Minerals (ASX:CMG) kickoff timely scoping at Lindfield

Critical Minerals has hired a contractor to guide the company through the scoping study and upcoming stages of development for its flagship Lindfield Vanadium Project in Northwest Queensland.

The study, supported by Wave International, Stanand tec, and Measured Group, includes mineral resource analysis, pit design, and processing design.

The upcoming upgrade will include a substantial increase in resources, with a 73% tonnage boost and a 10% increase in grade. The new total is 363 million tonnes, with 254 million tonnes indicated at 0.43% V2O5. A new enriched zone has also been identified in the shallow, oxidised area, containing 128mt @0.48% V2O5.

The Managing Director of Critical Minerals, Scott Drelincourt, says the scoping should conclude as early as the next financial quarter, bringing exciting advancements in high-purity alumina (HPA) by utilising Aluminium oxide feedstock.

“I am very pleased to inform our shareholders that we are well advanced on our development timeline at Lindfield Vanadium Project and this Scoping Study has commenced almost a year earlier than we’d anticipated at the time of IPO and outlined in our prospectus.” Mr Drelincourt said.

“The scoping study is another positive milestone for CMG, and I look forward to bringing the results of this Study to shareholders, anticipated in the third quarter this year.”

About the Scoping Study

Wave International, Stantec, and Measured Group will conduct a Scoping Study for Critical Minerals’ Lindfield Vanadium Project. After a recent Mineral Resource Estimate upgrade, the study will assess pit designs, project economics, and commercial viability.

About Wave International

Wave International is a trusted resource development consultant with 20+ years of experience in project advisory, engineering, and asset management. They specialise in Vanadium and HPA projects and manage the delivery of a Scoping Study for the Lindfield Vanadium Project. The goal is to submit a report by Q3 2023.

CRITICMIN FPO [CMG]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

Critical Minerals Group Limited focuses on acquiring, developing, and producing critical mineral deposits used for energy storage and renewable energy applications. The company explores alumina, vanadium, molybdenum, copper, and gold deposits. The company's flagship project is the Lindfield project located in Julia Creek, north-west Queensland. The company was incorporated in 2021 and is headquartered in Brisbane, Australia.

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