CMG: DFS Drilling Program Commences at Lindfield
Original announcement by asx on
- Company
- Critical Minerals Group Limited
- Ticker
- CMG
- Exchange
- ASX
- Region
- Queensland
- Primary commodity
- Vanadium
- Secondary commodities
- Molybdenum
- Document categories
- Other, Drill results, Resource update
- Extracted
- 2026-10-20 02:03:03 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Critical Minerals Group has commenced its first field program for the Definitive Feasibility Study (DFS) at the Lindfield Vanadium Project in Queensland. The program involves approximately 55 core holes designed to increase geological confidence, provide metallurgical variability samples, and collect geotechnical and groundwater data.
Reasoning: The announcement marks the start of a critical field program to support the Definitive Feasibility Study (DFS), providing essential data for resource upgrading and metallurgical testing.
Positive factors
- Commencement of DFS-level drilling program
- Program includes metallurgical variability sampling
- Includes geotechnical and groundwater components for DFS
Negative factors
- No new assay results reported in this release
Facts used in scoring: 6
Classification and evidence
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The program includes infill drilling within the PFS proposed mine development area to increase geological confidence.
Evidence · text
“Infill drilling within the Pre-Feasibility Study (PFS) proposed mine development area is designed to increase geological confidence”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (1)
Fact 1Lindfield · vanadiumIntercept: 1320 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Lindfield
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- CMG
Geometry
- Intercept
- 1320 m
Classification
- Program
- resource
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This is a statement of total planned drilling meters, not an assay result.
Evidence · text
“approximately 55 core holes for approximately 1,320 metres”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
Resource Estimates (5)
indicatedmolybdenumTonnes: 261000000Grade: 110Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- molybdenum
- Ticker
- CMG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:9c40b4fac23e2f3ee8e6
- Deposit or zone
- Weathered
Resource Data
- Category
- indicated
- Tonnes
- 261000000
- Grade
- 110
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“110”
Context: 261
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedmolybdenumTonnes: 230000000Grade: 160Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- molybdenum
- Ticker
- CMG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:3b2d17e6e838694c626d
- Deposit or zone
- Fresh
Resource Data
- Category
- indicated
- Tonnes
- 230000000
- Grade
- 160
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“160”
Context: 230
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredmolybdenumTonnes: 61000000Grade: 110Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- molybdenum
- Ticker
- CMG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:bae977d33de32173eac2
- Deposit or zone
- Weathered
Resource Data
- Category
- inferred
- Tonnes
- 61000000
- Grade
- 110
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“110”
Context: 61
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredmolybdenumTonnes: 161000000Grade: 150Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- molybdenum
- Ticker
- CMG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:73e48a196da174cb5902
- Deposit or zone
- Fresh
Resource Data
- Category
- inferred
- Tonnes
- 161000000
- Grade
- 150
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“150”
Context: 161
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredmolybdenumTonnes: 713000000Grade: 130Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- molybdenum
- Ticker
- CMG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:906ba3c4f91ca068469a
Resource Data
- Category
- inferred
- Tonnes
- 713000000
- Grade
- 130
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“130”
Context: 713
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.