Cambridge A5 without internal phono preamp

...is it possible to use an external preamp between the turntable and the amp [aux/] phono input.

Yes, the external preamp would be connected between the turntable and the amp AUX/PHONO input.

Since this is your first post I will add a tad more detail.

MD/TAPE2 would provide one of several alternative inputs should the AUX/PHONO input happen to be disconnected internally.

Note that that in order to prevent hum, the turntable ground wire should be connected to the ground (GND) post on the MM phono stage and a second wire should connect the phono stage ground to the amplifier GROUND post.

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