Critical Minerals Group Limited announced the results of the final assays received from the drilling program at its project, the Lindfield Project. The aim of the drilling program was to assist with resource generation and to give more confidence in the mineralisation boundaries, depth and grades which will guide the Company's mining and pit shell design. The drilling program was also designed to improve the understanding of significant Alumina in the Lindfield Project and to capture and analyse the grade and depths of this included material as a secondary value commodity. 23 drill cores have now been assayed and results show both high grade intercepts of Vanadium as well as Alumina in the overburden material directly overlaying the seam and withing the Toolebuc Formation Shale unit seam. The Company will now focus on incorporating the completed drilling results to develop an
updated JORC resource expected to be completed in Second Quarter 2023. As previously announced, the high-grade intercepts of Alumina provide the Company confidence in commencing metallurgical studies on the potential for the Lindfield Project to be a dual commodity deposit. With all assay results from the maiden drilling program now received, the additional assays will be used to potentially develop a JORC resource for the Alumina contained within the Lindfield Project and metallurgical studies have now commenced. As previously announced, the Company is encouraged by the Queensland Government's statement of its commitment of $75 million to the Townsville Vanadium, HPA and critical minerals demonstration facility. Having now received the final assay results, as the Company continues to progress through the next phases of its exploration and evaluation of the Lindfield Project, it will continue discussions with government for its involvement with the facility.