Critical Minerals Group Limited (ASX:CMG) (“CMG”), a leading player in the mining and production of critical minerals, is thrilled to announce its strategic partnership with Lava Blue Ltd, a pioneer in mineral processing technology, through a License Agreement set to revolutionize the development of High Purity Alumina (HPA) at the Lindfield Vanadium Project located in Northwest Queensland.
The Lindfield Vanadium Project is prominently focused on the extraction of vanadium pentoxide, essential for the production of vanadium batteries. However, the site also boasts a significant deposit of aluminium (III) oxide, a crucial ingredient for producing HPA. Through the License Agreement with Lava Blue, CMG is set to tap into this resource, advancing the project’s potential and diversifying its product offering.
Preliminary beneficiation test work using Lava Blue’s technology has yielded promising results, demonstrating the project’s capability to produce 3N and 4N grade HPA. These achievements highlight the potential for further optimization and advancement in HPA production, solidifying the Lindfield Vanadium Project as a significant player in the market.
The License Agreement is set for a three-year term, during which CMG will have access to Lava Blue’s expertise and technology for the development of the HPA production stream and other non-vanadium co-product streams. This partnership not only solidifies CMG’s position in the market but also underscores its commitment to sustainable and innovative mining practices.
Commenting on the partnership, Critical Minerals Group Managing Director, Scott Winter, said:
“We are extremely excited to be in a position to be able to partner with Lava Blue in the development of the HPA and other co-products in the processing of the Lindfield project ore. The resource has identified HPA as a potential product stream, and we saw very early in the testing program that with the Lava Blue technology, we were able to achieve results well beyond our initial expectations after such a short period and without extensive investigation. The partnership through this agreement will enable us to optimise the HPA product stream as well as identify other value-adding products in the process stream.”
Critical Minerals Group Limited (ASX:CMG, “CMG” or the “Company”) is an exploration company with the principle focus of developing critical minerals projects. CMG was formed to identify, secure, acquire and develop critical mineral resource tenements in proven regions in Australia.