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Critical Minerals Group Limited (ASX:CMG) – EXPLORATION PERMITS GRANTED FOR CMG’S VANADIUM PROJECTS, LINDFIELD NORTH AND LARA DOWNS

Critical Minerals Group Limited (ASX:CMG) < 1 mins read

Brisbane, QLD, June 5, 2024 — Critical Minerals Group Limited (ASX) is thrilled to announce the grant of Exploration Permits for Mineral (EPM) 28636 and 28635, advancing the exploration and development of its Lindfield North and Lara Downs projects in north-west Queensland. The permits, each spanning a five-year term, mark significant milestones in the expansion of CMG’s vanadium project portfolio.

Strategic Expansion in Key Mineral Resources

The newly granted EPMs 28636 and 28635, for Lindfield North and Lara Downs respectively, are poised to explore significant potential resources of Vanadium (V2O5), High Purity Alumina (HPA), and Molybdenum (Mo). Both sites are strategically located within 35km of CMG’s flagship Lindfield Project, which has recently reported a substantial Mineral Resource Estimate (MRE) of 713 million tonnes—an impressive 96% increase following recent drilling campaigns.

Lindfield North adjoins the northern boundary of the Lindfield Project, covering 115km² and consisting of 35 sub-blocks. Lara Downs spans 378km² with 118 sub-blocks, situated roughly 60km north-northwest of Julia Creek in the McKinley Shire. These locations benefit from proximity to critical transport infrastructure, including the Flinders Highway and the Mt Isa Rail System, enhancing logistical efficiencies for ongoing operations.

Critical Minerals Group Managing Director, Scott Winter commented: 

“This is an encouraging milestone for CMG and adds to the expansion of our exploration and development program. Both the Lindfield North and Lara Downs projects are located within 35km of the Lindfield Project, and will benefit from the learnings and results of our exploration in the region thus far. 

With the most recent Mineral Resource Estimate (MRE)1 for the Lindfield Project returned a 96% increase to 713 Mt, we are motivated to expand our exploration program within the region to include a wider geographical area to continue to bring more opportunities and flexibility to the business.”


Contact details:

Jane Morgan

jm@janemorganmanagement.com.au

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