Resources stalwart Scott Winter will replace the accomplished Scott Drelincort, who will be stepping down after achieving multiple milestone achievements during his tenure as the vanadium developer’s long-standing CEO and MD.
Mr Drelincort’s legacy will include numerous exploration successes under his direction leading to JORC Resource and scoping study over the Lindfield Vanadium project.
The company’s flagship Lindfield asset is building towards production alongside rising global demand and shaping into a key Queensland critical minerals project. CMG has brought in Scott Winter to replace Mr Drelincourt in both roles as it moves on to the next stage of development.
With both scientific and business expertise under his belt, Mr Winter boasts an impressive 30 years of experience working in various sectors of the resources industry.
He began his career at MIM and BHP. He oversaw significant projects at Thiess before advancing to executive positions in several ASX-listed organisations, including COO, CEO, and Managing Director.
CMG Non-Executive Chair Alan Broome AM gave his thanks for the significant role Mr Drelincourt played for the company and welcomed the company’s new CEO and Managing Director with excitement.
“Scott’s experience and operational achievements speak for themselves. He has operated the majority of his career in Queensland across a range of development and operational projects which gives the board the confidence that he can advance and complete the development of this significant Queensland mining project,” Mr Broome said.
Queensland Vanadium
The Queensland Government is investing in the state’s high vanadium potential, and a site has been secured for Australia’s first critical minerals plant to be built with a focus on vanadium.
Queensland Minister for Resources Scott Stewart said at the time of the announcement that the state held enormous potential for vanadium mining and production.
“Vanadium had come a long way from first being used in the Ford Model T Car over a century ago to now being used in batteries with twice the life span of lithium-ion batteries,” Mr Stewart said.
“Global demand for vanadium in batteries and high-quality steel is expected to outpace supply before the end of the decade. Queensland has world-class, highly economic deposits of vanadium located in accessible marine shale.
“Because they hold their charge in a liquid form, vanadium redox batteries can be built to a much bigger scale, powering larger communities for longer. Vanadium has the potential to be the Eureka moment for North Queensland.”
Lindfield
A hefty 73 per cent tonnage upgrade and a 10 per cent grade increase have Lindfield holding an asset of work class scale, with a 363mt @ 0.43 per cent vanadium oxide resource, including a high-value aluminium oxide grading at 4.8 per cent.
The scoping study began almost a year earlier than expected after the company successfully made its Initial Public Offering. Highly anticipated results are expected to come in the third quarter of 2023.
