Critical Minerals Group Ltd
Critical Minerals Group Ltd is an ASX-listed Brisbane-based developer of the Lindfield Vanadium Project in Queensland, producing vanadium pentoxide, high purity alumina, molybdenum trioxide and downstream vanadium electrolyte for vanadium redox flow battery manufacturers serving grid-scale energy storage customers.
- Company typePublic
- Founded-
- HeadquartersBrisbane, Australia
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Critical Minerals Group Ltd does
Critical Minerals Group Ltd (CMG) is an ASX-listed critical minerals company headquartered in Brisbane, Queensland, that is developing the vertically integrated Lindfield Vanadium Project in Northwest Queensland. The company's primary asset is a 295km² tenement near Julia Creek with a JORC 2012 Mineral Resource Estimate of 713Mt at 0.32% V2O5, 3.4% Al2O3 and 130g/t Mo, of which over 68% is in the Indicated category and 72% sits within 20m of surface. CMG targets four product streams: vanadium pentoxide (V2O5) as the primary output, with high purity alumina (HPA) and molybdenum trioxide (MoO3) as co-products, and vanadium electrolyte manufactured at the South East Queensland Lindfield pilot facility as the downstream bridge to vanadium redox flow battery (VRFB) systems.
The underlying technology combines extractive metallurgy — flotation, leaching, ion exchange, solvent extraction and precipitation — with downstream electrolyte processing for VRFB systems, exploiting vanadium's unique multi-oxidation state (2+, 3+, 4+, 5+) properties that allow it to function as both anode and cathode. The project economics are anchored by a potential 4Mt per annum ROM mining capacity, an estimated $510m NPV, a $400m direct capital cost and a 17% potential after-tax IRR at USD$9.50/lb V2O5 and USD$57.5/kg MoO3.
Commercially, CMG operates a B2B model selling critical mineral feedstocks and battery-grade electrolyte to VRFB manufacturers, energy storage system integrators and HPA consumers via offtake agreements. The company is pre-revenue and pre-production, with the mine still in feasibility study and downstream operations at pilot scale. Government alignment is a material commercial lever: vanadium is classified as an Australian Critical Mineral, the project sits within Queensland (49.9% of Australia's known vanadium deposits), and CMG has secured the support of both the Australian Federal Government and the Queensland Department of Energy and Climate, aligned with the state's path to Net-Zero 2050. Non-core copper tenements (Figtree Creek and Lorena Surrounds) have been partnered into a farm-in with True North Copper.
Critical Minerals Group Ltd firmographics
Firmographics- Name
- Critical Minerals Group Ltd
- Legal name
- Critical Minerals Group Ltd
- Website
- https://criticalmineralsgroup.com.au
- Company type
- Public
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Critical Minerals Group Ltd is an ASX-listed Brisbane-based developer of the Lindfield Vanadium Project in Queensland, producing vanadium pentoxide, high purity alumina, molybdenum trioxide and downstream vanadium electrolyte for vanadium redox flow battery manufacturers serving grid-scale energy storage customers.
- Ownership category
- akta.pro rank
Critical Minerals Group Ltd industry classification
Industry- Product category
- Critical Minerals
- NAICS
- Chemical Manufacturing (325)
- SIC
- Industrial Inorganic Chemicals (2810)
- akta.pro primary industry
- Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)
- akta.pro secondary industries
- Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
Keywords
Where Critical Minerals Group Ltd is headquartered
LocationHeadquarters
- HQ city
- Brisbane
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
Critical Minerals Group Ltd business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D
Revenue model
- Vanadium Pentoxide Sales: Primary revenue stream from mining and selling vanadium pentoxide (V2O5) produced at the Lindfield project for use in vanadium redox flow batteries.
- Molybdenum Trioxide Sales: By-product revenue from molybdenum trioxide (MoO3) production alongside vanadium processing.
- High Purity Alumina (HPA) Sales: Potential future revenue stream from HPA production as part of vanadium processing operations.
- Vanadium Electrolyte Products: Revenue from manufacturing and selling vanadium electrolyte for VRFB systems at the Lindfield facility in South East Queensland.
- Strategic Partnerships and Farm-in Agreements: Revenue generation through strategic partnerships such as the farm-in agreement with True North Copper for copper tenements.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels3 records
Critical Minerals Group Ltd product offering
Product offeringCore offering
Critical Minerals Group Ltd mines and processes vanadium and co-products (high purity alumina and molybdenum) for use in energy storage and industrial applications. The company operates the Lindfield Vanadium Project in Northwest Queensland, Australia, and runs a pilot plant to manufacture vanadium electrolyte for vanadium redox flow battery (VRFB) manufacturers.
Product overview
Critical Minerals Group Ltd operates a vertically integrated critical minerals business focused on vanadium extraction and downstream battery product manufacturing. The company develops its flagship Lindfield Vanadium Project in Queensland, producing Vanadium Pentoxide (V2O5) as the primary product, with High Purity Alumina (HPA) and Molybdenum Trioxide (MoO3) as co-products. The company is expanding into downstream manufacturing through a pilot plant for Vanadium Electrolyte production, ultimately targeting the Vanadium Redox Flow Battery (VRFB) market for grid-scale energy storage. The integrated model spans from mining (Lindfield Project) through processing (electrolyte facilities) to battery product manufacturing.
Differentiator
Problem solved
Functional benefit
Products and services
- Vanadium Pentoxide (V2O5) Industrial-grade vanadium pentoxide produced from the Lindfield Vanadium Project, sold to steel alloy producers, catalyst manufacturers, and vanadium electrolyte blenders for use in VRFBs and metallurgical applications.
- High Purity Alumina (HPA) High-purity alumina produced as a co-product from the Lindfield Vanadium Project, intended for lithium-ion battery separator coatings, LED phosphors, and synthetic sapphire applications.
- Molybdenum Trioxide (MoO3) Molybdenum trioxide produced as a co-product from the Lindfield Vanadium Project for sale to stainless steel mills, chemical catalyst manufacturers, and other industrial consumers.
- Vanadium Electrolyte Vanadium electrolyte solution manufactured at CMG's pilot plant, formulated for use as the active electrolyte in vanadium redox flow batteries (VRFBs) used in grid-scale and behind-the-meter energy storage systems.
Quantifiable outcome
- VRFB lifespan of 25+ years vs 10-year lithium battery life expectancy
- +4 more outcomes
Companies that use Critical Minerals Group Ltd
Customer profileSegments3 records
Ideal customer profiles2 records
Critical Minerals Group Ltd technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Critical Minerals Group Ltd partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- True North Copper Limited (ASX: TNC)coreCMG's copper tenements (Figtree Creek and Lorena Surrounds) are subject to a farm-in agreement with True North Copper Limited. True North Copper is pursuing IOCG (iron ore copper gold) mineralisation on these tenements located near Cloncurry.
- Queensland Government - Department of Energy and ClimatecoreQueensland Government is investing in domestic battery production and clean energy future. The government is providing support for vanadium battery development as part of the path to Net-Zero 2050.
- Australian Federal GovernmentcoreAustralian Government has classified vanadium as a Critical Mineral with strong Federal Government backing and support for domestic production.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Critical Minerals Group Ltd competitors and assessment
Company assessmentBroad incumbents
- Energy Fuels Inc. US-based critical minerals producer with growing exposure to vanadium alongside uranium and rare earths; broader portfolio player expanding into Western-aligned battery-materials supply.
- Sumitomo Electric Industries: Japanese industrial conglomerate and one of the longest-running VRFB technology developers; a benchmark for downstream VRFB deployment maturity that influences offtake demand for CMG's vanadium products.
Direct peers
- Bushveld Minerals Limited: South African integrated vanadium producer with mining, processing, and electrolyte manufacturing capability — closest international analogue of CMG's planned vertical integration.
- Largo Inc. Pure-play vanadium producer operating the Maracás Menchen mine in Brazil and developing vanadium-based energy storage; relevant global benchmark for vanadium mining-to-VRFB economics.
- Technology Metals Australia: ASX-listed vanadium developer with the Gabanintha project in Western Australia, pursuing a similar vertically integrated V2O5-to-electrolyte model for VRFB supply.
- Neometals Ltd: Australian critical minerals company with vanadium recovery technology and downstream battery materials exposure; comparable strategic positioning in the battery-materials value chain.
- Australian Vanadium Ltd: ASX-listed pure-play vanadium developer with its flagship Australian Vanadium Project in Western Australia; one of CMG's closest comparables given similar product focus, resource base, and downstream battery strategy.
- Vecco Group Pty Ltd: Australian critical minerals company focused on vanadium and high-purity alumina production, overlapping with CMG on both V2O5 and HPA processing; CMG NED Steve Kovac sits on the Vecco board, underscoring the comparability.
Emerging players
- VRB Energy: Developer and manufacturer of vanadium redox flow battery systems for utility-scale storage; representative downstream customer validating the VRFB market CMG is positioning to supply.
- Invinity Energy Systems plc: Pure-play vanadium redox flow battery manufacturer targeting grid-scale storage; a potential downstream customer and the clearest indicator of end-market traction for CMG's electrolyte output.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Critical Minerals Group Ltd social profiles
Digital presenceCritical Minerals Group Ltd compliance and trust
Trust signalCompliance1 record
Critical Minerals Group Ltd financial estimates
Financial estimateRevenue estimate
Valuation estimate
Critical Minerals Group Ltd leadership team
Management profileNumber of profiles
Profiles8 records
Critical Minerals Group Ltd funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Critical Minerals Group Ltd M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Critical Minerals Group Ltd
What does Critical Minerals Group Ltd do?
Critical Minerals Group Ltd mines and processes vanadium and co-products (high purity alumina and molybdenum) for use in energy storage and industrial applications. The company operates the Lindfield Vanadium Project in Northwest Queensland, Australia, and runs a pilot plant to manufacture vanadium electrolyte for vanadium redox flow battery (VRFB) manufacturers.
Is Critical Minerals Group Ltd a public or private company?
Critical Minerals Group Ltd is a public company. It is classified as public and is currently operating.
When was Critical Minerals Group Ltd founded?
Critical Minerals Group Ltd was founded in -1. It employs 1 to 10 people.
Where is Critical Minerals Group Ltd based?
Critical Minerals Group Ltd is headquartered in Brisbane, Australia, in the Oceania region.
How does Critical Minerals Group Ltd make money?
Five revenue lines are on record. Vanadium Pentoxide Sales are the primary driver. The others are molybdenum Trioxide Sales, high Purity Alumina (HPA) Sales, vanadium Electrolyte Products and strategic Partnerships and Farm-in Agreements.
Who are Critical Minerals Group Ltd's main competitors?
Broad incumbents on record are Energy Fuels Inc. and Sumitomo Electric Industries. Direct peers are Bushveld Minerals Limited, Largo Inc., Technology Metals Australia, Neometals Ltd, Australian Vanadium Ltd and Vecco Group Pty Ltd. Emerging players are VRB Energy and Invinity Energy Systems plc.
Does Critical Minerals Group Ltd have an API?
No public API is recorded for Critical Minerals Group Ltd.
What industry is Critical Minerals Group Ltd in?
Critical Minerals Group Ltd's product category is Critical Minerals. Its primary akta.pro industry code is IMAKAFAI, Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate), with a secondary code of EUAFABAA, Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite). Its NAICS code is 325 and its SIC code is 2810.