Critical Minerals Group's Lindfield Vanadium Project Shows A$821 million NPV in Pre‑Feasibility Study

Critical Minerals Group Limited (ASX: CMG) completed a pre‑feasibility study (PFS) for its Lindfield Vanadium Project in north‑western Queensland and a Vanadium Electrolyte (VE) plant in Parkes, New South Wales. The preferred 3 Mtpa scenario delivers a pre‑tax internal rate of return of 26.6% and a pre‑tax net present value of A$821 million, with a post‑tax NPV of A$458 million. Capital expenditure is estimated at A$981 million, with a peak funding requirement of A$736 million and a payback period of seven years over a projected 31‑year mine life.

The staged development will commission the Parkes VE facility by 2028 using third‑party vanadium pentoxide feedstock, generating early revenue while the open‑cut Lindfield mine near Julia Creek is built and slated to begin production around 2030. The board plans to advance the project to a definitive feasibility study and target a final investment decision in calendar year 2027, contingent on securing additional funding.