Critical Minerals Group Limited (ASX:CMG) an ASX listed exploration company with the principal focus of developing critical minerals projects, is pleased to announce it has awarded a contract to Sedgman Pty Limited, a member of the CIMIC Group, to undertake a definitive feasibility study (DFS) for its flagship Lindfield Vanadium and High Purity Alumina (HPA) Project. This significant step forward for the project, located in the Julia Creek area of north-west Queensland, Australia, underscores CMG's commitment to advancing its position in the vanadium battery storage sector.
The Lindfield Project, covering 295km² within the Toolebuc Formation, is recognized as one of the largest vanadium deposits globally. Sedgman, a leading provider of minerals processing and associated infrastructure solutions, will commence the DFS in March 2024, leveraging its extensive expertise and the enhanced capabilities following the acquisition of Prudentia Engineering, now Sedgman Prudentia.
Scott Winter, Managing Director of CMG, expressed his enthusiasm about the partnership: "We are thrilled to have Sedgman along with the recently acquired Sedgman Prudentia team onboard for this crucial phase of our Lindfield Project. Their expertise and track record in mineral processing make them the ideal partner to advance our flagship tenement towards development. The award of the DFS contract marks a significant step forward in unlocking the potential of the Lindfield Project and reaffirms our commitment to becoming a key player in the long-duration vanadium battery storage sector."
The collaboration aims to refine and optimize the development and operational parameters of the Lindfield Project, with the DFS reflecting the standard commercial terms for contracts of this nature.
Grant Fraser of Sedgman commented on the collaboration: “We are excited to be working with CMG to develop the Lindfield Project. The energy transition is minerals intensive, and Queensland’s emerging vanadium industry has a role to play in providing these minerals in a sustainable way. We are pleased to be able to apply our skills and experience to support the rapid changes in the State’s energy mix and commodity markets.”
In addition to this project, Sedgman's role as the Managing Contractor for the Queensland Resources Common User Facility (QRCUF) by the Queensland Government highlights its commitment to accelerating the development of commercial mining projects and supporting the growth of Queensland's critical minerals sector.
CMG looks forward to a productive partnership with Sedgman, aiming to advance the DFS for the Lindfield Project and to share the results with the market as soon as practicable.
About us:
CMG is an exploration company with the principal focus of developing critical minerals projects. CMG was formed to identify, secure, acquire and develop critical mineral resource tenements in proven regions in Australia.
Contact details:
Jane Morgan
jm@janemorganmanagement.com.au
