Critical Minerals Group Ltd is a Australia based mineral exploration and development company and to pursue Vanadium, High-Purity Alumina (HPA), Gold and Copper exploration. It is set to list on the Australian Securities Exchange (ASX).
Critical Minerals Group Ltd has 2 projects – Lindfield Project, Lorena Surrounds Project and Figtree Creek Project.
*Lindfield Project – The project is located in Northwest QLD and consists of EPM 27872. It has a JORC Inferred resource of 210Mt at 0.39% V2O5 outcropping from the surface. Other minerals are likely to be present, including HPA and Mo, based on surrounding tenement drill results.
*Lorena Surrounds Project – The Project is a 51km² tenement in northwest Queensland. The project is surrounded by advanced Copper and Gold projects and mines.
*Figtree Creek Project – The Project is a 70km² tenement in northwest Queensland. The project has several Rock Chip samples, Soil samples and Stream Sediment samples showing anomalous Copper and Gold assays.
Critical Minerals Group Ltd was looking to raise up to $5 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 2 Jun 2022 and closes on 8 August 2022. The expected date for quotation on ASX is 27 September 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | CMG |
| Name | Critical Minerals Group Ltd |
| Website | https://www.criticalmineralsgroup.com.au/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Vested Equities Pty Ltd and Harbury Advisors Pty Ltd (Joint Lead Managers). |
| Opening Date for the Public Offer: | 2 June 2022 |
| Closing Date for the Public Offer: | 8 August 2022 |
| Expected date for New Shares to commence trading on ASX | 27 September 2022 |
| Funds to be raised under the Public Offer (before costs) | $5,000,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 16,955,000 |
| Shares to be issued under the Public Offer | 25,000,000 |
| Total Shares | 44,080,000 |
| Escrow (estimate) | 15,592,500 Shares |
Source: Critical Minerals Group Ltd prospectus, official website.