Critical Minerals Group’s hefty improvements to grade and tonnage have boosted its vanadium resource to a world-class scale, further spurring the development of a flagship Lindfield project sitting 30 kilometres from the town of Julia Creek in northwest Queensland.
A 73 per cent rise in tonnage and a 10 per cent grade now has the project holding 363mt @ 0.43% vanadium oxide resource, now including a high-value aluminium oxide resource grading at an enviable 4.8%.
CMG Managing Director Scott Drelincourt said the upgrade has further encouraged the company to advance its flagship to development.
A 73% tonnage increase to 363mt, along with a 10% grade increase of V₂O₅ in this upgraded MRE delivered by John T. Boyd Geological Consultants is a very pleasing increase to both grade and tonnage for our Lindfield Project that now also includes significant Aluminium Oxide content that has potential as feedstock for high value HPA,” Mr Drelincourt said.
“Further testing on the Al2O3 continues with Brisbane based Lava Blue labs and we look forward to those results.”
“Furthermore, the MRE report shows that the higher grade V2O5 mineralisation sits very shallow, from 0m to 30m and is mineralised from surface which means that there is very limited overburden to consider in our future mining plan and pit shell design work.”
The upgrade serves as the foundation to determine a mineral reserve at Lindfield. It puts the project in a prime position for an upcoming scoping study, with the ability to produce HPA feedstock opening a considerable dual commodity opportunity.
The global markets for both Vanadium and Alumina are expected to fire in the coming years, with increasing metal production and technological applications driving demand into the future as CMG marches to production.