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.
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.
Critical Minerals Group (CMG) released its Annual Report for FY26, highlighting the completion of a Pre-Feasibility Study (PFS) for its Lindfield Vanadium Project. The PFS confirmed robust economics with a pre-tax NPV of A$821 million and an IRR of 26.6% over a 31-year mine life, underpinned by a 713 million tonne Mineral Resource Estimate. The company also undertook two capital raises totaling over A$3.1 million to fund ongoing activities, despite a federal grant suspension.
Velox Energy Materials Inc. has confirmed the terms of a non-brokered private placement of up to 89,296,272 units at $0.035 per unit, aiming to raise approximately $3.1 million. The proceeds are intended for strategic opportunity evaluation and general working capital. The announcement also restates the Indicated and Inferred mineral resources for the NQV Project in Queensland, Australia.
Velox Energy Materials has defined a new exploration target at the Runnymede area of its North Queensland Vanadium Project, adding significant potential tonnage. The company also reported an updated mineral resource estimate for the Cambridge Deposit, consisting of 61.33 Mt Indicated and 144.87 Mt Inferred vanadium resources.
Velox Energy Materials reported significant improvements in vanadium (V2O5) grades during Phase 1 metallurgical sizing testwork at the North Queensland Vanadium Project. Specifically, pre-scrub results in the -38μm fraction reached up to 0.98% V2O5, providing a strong foundation for upcoming flotation testing.
Velox Energy Materials shared an investor presentation highlighting its NQV Project in Queensland, Australia. The presentation restates the Cambridge Deposit's CIM compliant mineral resource of 61.33 Mt (Indicated) and 144.87 Mt (Inferred) containing vanadium and molybdenum.
Velox Energy Materials has commenced a major metallurgical testwork program for the Cambridge Vanadium deposit in Queensland. The program, overseen by BHM Process Consultants and conducted at Brisbane Met Labs, will use 12 composite samples to assess different mineralogical zones, with results expected in mid-2024.
Velox Energy Materials Inc. announced highly encouraging drill results from its Phase 1 diamond drill program at the Cambridge Vanadium deposit in Queensland, Australia. The program identified significant high-grade vanadium intercepts, including 1.1 m at 0.84% V2O5, at shallow depths within a laterally continuous mineralized zone. These new results, which also revealed a rare earth element enrichment zone, are expected to enhance the understanding of the deposit and support a potential update to the existing resource estimate and future metallurgical studies.
Velox Energy Materials has closed a C$1.5 million non-brokered private placement to advance its North Queensland Vanadium Project. Proceeds will fund metallurgical testwork, resource updates, and a planned dual listing on the ASX in early 2024.
