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Lindfield Vanadium Project, Qld

Critical Minerals Group Limited (CMG) | Technical and Financial Pre-Feasibility Study | Released 20 Jul 2026

Mine life
31 years
3 Mtpa preferred case
Strip ratio
Under 1.6:1
Stays under this throughout mine life
NPV
AUD$458M
Post-tax, 9%, 3 Mtpa preferred case
Capex
AUD$981M
Total capital, 3 Mtpa preferred case

Inferred share: Inferred 6% of production target

Figures are as the company states them, in its currency and on its basis. "Not disclosed" means the release doesn't state the figure.

Planning inputs

Inferred 6% of production target | Batters 37° to base of weathering | Dilution 7.5%, loss 7.5% | Mine plan in-house | Strip ratio cut-off 3:1 | Two working faces

Also in the release

95 Mt at 0.41% V2O5 at 3 Mtpa ROM feed; process plant recovery 74.5%. V2O5 production cost ~US$5.90 -8.70/lb (first 25 years). NPV and capex cover mine and VE facility: Phase 1 AUD$47.5M, Phase 2 mine AUD$934M.

Read the release on the company's siteAdded to the tracker; released before the first issue of The Study Sheet.

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