Critical Minerals Group Ltd. · ASX:CMG
Critical Minerals — Shareholder Meeting (August 2026)
31 slides from Critical Minerals's shareholder meeting presentation, Aug 12, 2026
Slide 1: General Meeting Presentation
For personal use only General Meeting Presentation Delivering Australia’s Vanadium Electrolyte Supply Chain 12 August 2026
Slide 2: Important Notice & Disclaimer
Important Notice & Disclaimer This presentation (Presentation) is dated 12 August 2026 and has been prepared by Critical Minerals Group Limited ACN 652 994 726 (CMG or Financial Pre-Feasibility Study”) available to view at www.asx.com.au (PFS Announcement). The Company’s Mineral Resources include, a
Slide 3: Investment thesis
For personal use only Investment thesis
Slide 4: The investment thesis
The investment thesis CMG is building the upstream and midstream supply chain for vanadium flow batteries — from mine to electrolyte. For personal use only CMG's strategy captures value across the full vanadium supply chain, from mine extraction through to battery-grade electrolyte manufacture, posi
Slide 5: Strategy reset: why upstream and midstream
Strategy reset: why upstream and midstream CMG is focusing on upstream and midstream supply to support energy storage demand from data centres and the energy transition. For personal use only The focus is a clear, asset-backed supply chain proposition to generate early cash. CMG focus To meet data c
Slide 6: Market opportunity
For personal use only Market opportunity
Slide 7: AI data centres — an unexpected vanadium demand catalyst
AI data centres — an unexpected vanadium demand catalyst * The storage problem lithium-ion cannot solve For personal use only 945 TWh 606 TWh 300 GWh Global data centre US data centre AI data centre battery power demand by 2030 demand by 2030 storage by 2030 The 10% scenario If VFBs capture just 10%
Slide 8: The duty cycle lithium cannot survive
The duty cycle lithium cannot survive AI training loads favour vanadium flow — and every VFB deployed is demand for CMG's product For personal use only Lithium-ion (LFP) Vanadium flow (VFB) • Narrow SOC window — typically restricted to 10–90% state • Unlimited cycling — deep cycling hundreds of time
Slide 9: "Bring your own power" — the second demand pathway
“Bring your own power” — the second demand pathway Regulation is forcing the issue: Ireland now requires new data centres to hold on-site generation or storage equal to full import capacity; four US mid-Atlantic states have proposed “bring your own generation” mandates. For personal use only The con
Slide 10: Compute uplift: the data centre case for vanadium flow
Compute uplift: the data centre case for vanadium flow Storage converts a constrained grid connection into more revenue-generating compute For personal use only 4:1 – 9:1 10% → 90% 100s / day Peak-to-average power ratio Load swing within milliseconds Multi-megawatt power swings of AI training cluste
Slide 11: Market opportunity highlights
Market opportunity highlights For personal use only Structural vanadium AI data centres — US national security deficit incoming an unexpected demand backstop — Project Vault catalyst** Global supply is ~100,000 tpa If VFBs capture just 10% of the 300 February 2026: Trump launches $12B with 90% capti
Slide 12: The vanadium flow battery moment
The vanadium flow battery moment Long-duration storage is moving from policy need to procurement reality, with VFBs suited to 4 –8+ hour applications. For personal use only US$2.2B >100 ktpa TRL 9/9 47% Global VFB market 2025 Vanadium demand required CSIRO VFB maturity rating — Australia's share of
Slide 13: Vanadium electrolyte: the product that matters
Vanadium electrolyte: the product that matters Electrolyte is the supply-critical commercial product inside a vanadium flow battery. For personal use only Priced per litre, carrying a conversion premium Commercial above raw V₂O₅. Anticipating Vanadium Electrolyte product sales revenue approx. A$6.50
Slide 14: Asset and project quality
For personal use only Asset and project quality
Slide 15: The asset: resource and geology
The asset: resource and geology Lindfield provides the scale to support CMG's upstream supply ambition and midstream product strategy. For personal use only 713 Mt 0.32% ~25 years 2.8:1 130 ppm JORC Resource Average V₂O₅ grade Mine life at 3 Mtpa Strip ratio Molybdenum (Mo) (Indicated & Inferred) (0
Slide 16: Integrated asset: mine, processing, electrolyte
Integrated asset: mine, processing, electrolyte Vertical integration is the core advantage: ore to V₂O₅ to electrolyte with direct control over quality and margin capture. For personal use only Mine Lindfield Beneficiation & Leaching V2O5 production VE Manufacturing Customer Delivery Julia Creek, QL
Slide 17: PFS milestone: what it means for investors
PFS milestone: what it means for investors A Pre-Feasibility Study is the first independently validated confirmation that a project is technically and financially viable. For personal use only Exploration Scoping study PFS July 2026 Feasibility study Permitting & FID Construction Production What the
Slide 18: Commercial strategy
For personal use only Commercial strategy
Slide 19: Commercial strategy: electrolyte sales
Commercial strategy: electrolyte sales The revenue model centres on qualified vanadium electrolyte supply for VFB manufacturers, integrators and large energy users. For personal use only 01 VFB manufacturers & integrators 02 Data centres & energy partners 03 Industrial & grid customers Direct supply
Slide 20: Why CMG wins: competitive positioning
Why CMG wins: competitive positioning CMG's edge is an integrated Queensland asset base with the earliest path to market among Western VE producers. For personal use only Criteria CMG (ASX: CMG) Imported Supply Other Western Projects Project-specific; many still Resource base 713 Mt JORC; own-mine f
Slide 21: Financials and PFS
For personal use only Financials and PFS
Slide 22: PFS financial highlights
PFS financial highlights Headline financial metrics — 3 Mtpa preferred case. Constant AUD March 2026 | 9% discount rate | ±25% PFS accuracy. For personal use only 26.6% A$821M 18% A$458M 7 years Pre-tax IRR Pre-tax NPV Post-tax IRR Post-tax NPV Payback period Mine + processing Margin indicator VE op
Slide 23: Capital and operating cost — Mtpa case
Capital and operating cost — 3 Mtpa case Capital-efficient structure via contractor model and PPA . OPEX dominated by reagents — the primary optimisation target. For personal use only Capital cost breakdown OPEX structure — 3 Mtpa (A$M/year) Component A$ (Indicative) Water & Consumables 5 Processing
Slide 24: Sensitivity and scenario analysis — Mtpa
Sensitivity and scenario analysis — 3 Mtpa Project is robust across realistic ranges. Primary risk is commercial and metallurgical, not construction. NPV sensitivity to ±20% input variation (Base case: A$821M pre-tax NPV) For personal use only Discount Rate Capital Cost Reagent Costs Met Recovery Or
Slide 25: Key risks
Key risks Risk area Description Key mitigant Rating For personal use only Pilot plant programme; closed-loop Product quality Failure to consistently achieve ≥99.5% V₂O₅ purity HIGH impurity study in DFS High acid consumption drives OPEX above incentive Beneficiation optimisation; on-site acid Reagen
Slide 26: Path forward
For personal use only Path forward
Slide 27: Development timeline and milestones
Development timeline and milestones A staged pathway creates investor catalysts from permitting and feasibility through to first electrolyte production and mine FID. For personal use only 2026 2027 2028 2029 2030 Upstream PFS complete / FS, EIS, approvals, FID, construction, commissioning VE facilit
Slide 28: Funding strategy and use of proceeds
Funding strategy and use of proceeds The funding pathway connects the current funding requirements to the conditions required for project finance and offtake-linked capital. For personal use only Current – on market Project finance and Government support Offtake-linked capital strategic DFS, approva
Slide 29: Why now
For personal use only Why now
Slide 30: Why now: the opportunity window
Why now: the opportunity window Four converging forces create a narrow first-mover window for Western vanadium electrolyte producers. For personal use only Demand Project Policy Supply VFB procurement is CMG is at the credibility Western governments China dependency creates accelerating inflection a
Slide 31: A$821M Pre-Tax NPV. 26.6% Pre-Tax IRR. First Electrolyte: 2028.
For personal use only A$821M Pre-Tax NPV. 26.6% Pre-Tax IRR. First Electrolyte: 2028. Australia's first vertically integrated vanadium supply chain — from mine to battery-grade electrolyte — is PFS-confirmed, commercially advanced and ready for investor support to reach Final Investment Decision. AS
Critical Minerals Group — Shareholder Meeting (August 2026) on 6ix