CMG: Lindfield PFS Mine Plan Area Fully Secured
Original announcement by asx on
- Company
- Critical Minerals Group Limited
- Ticker
- CMG
- Exchange
- ASX
- Region
- north-western Queensland
- Primary commodity
- Vanadium
- Secondary commodities
- None reported
- Document categories
- Permitting, Resource update
- Extracted
- 2026-10-19 04:08:27 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Critical Minerals Group has secured approval to add previously excluded land to its EPM 27872 permit, fully encompassing the Lindfield Vanadium Project's PFS mine plan. This resolves a high-rated risk regarding overlapping tenure and allows the company to proceed with Environmental Impact Statement and Mining Lease applications.
Reasoning: The approval of previously excluded land resolves a high-rated risk that threatened 20% of the PFS mine plan, significantly de-risking the project's development path.
Positive factors
- Resolution of high-rated resource risk
- Securing 20% of mineralised material previously excluded
- Enables commencement of major project approvals (EIS, Mining Lease)
- Allows DFS drilling to include the newly secured area
Facts used in scoring: 2
Classification and evidence
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Adrian Buck, a Member of AusIMM, is named as the Competent Person.
Evidence · text
“Adrian Buck, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM).”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The announcement explicitly references the 2012 Edition of the JORC Code.
Evidence · text
“as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code).”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
indicatedLindfield Vanadium Project · vanadiumTonnes: 491000000Grade: 0.32Grade Unit: % V₂O₅Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lindfield Vanadium Project
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- north-western Queensland
- Ticker
- CMG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Adrian Buck
- Resource group id
- resource:9dbd05ec0f20411fbd73
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 491000000
- Grade
- 0.32
- Grade Unit
- % V₂O₅
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-10T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The resource figures are restated for context and are not new assays.
Evidence · text
“MRE of 713 Mt at 0.32% V₂O₅, comprising an Indicated Mineral Resource of 491 Mt at 0.32% V₂O₅ and an Inferred Mineral Resource of 222 Mt at 0.31% V₂O₅”
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
inferredLindfield Vanadium Project · vanadiumTonnes: 222000000Grade: 0.31Grade Unit: % V₂O₅Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lindfield Vanadium Project
- Commodity
- vanadium
- Region
- australia_qld
- Reported Region
- north-western Queensland
- Ticker
- CMG
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Adrian Buck
- Resource group id
- resource:3fc607435a54bbf299be
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 222000000
- Grade
- 0.31
- Grade Unit
- % V₂O₅
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-05-10T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The resource figures are restated for context and are not new assays.
Evidence · text
“MRE of 713 Mt at 0.32% V₂O₅, comprising an Indicated Mineral Resource of 491 Mt at 0.32% V₂O₅ and an Inferred Mineral Resource of 222 Mt at 0.31% V₂O₅”
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
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.