Vital Metals Ord Shs VTMXF

Metals & Mining Industrial Metals & Minerals

Vital Metals Limited is an Australia-based company, which is primarily focused on developing and exploring the Nechalacho Rare Earth Project in Northwest Territories, Canada. The Nechalacho Project is a light rare earth (bastnaesite) project located in Yellowknife, Northwest Territories (NWT), Canada, where it commenced mining and development in the North T Zone. The Company’s second rare earth project, Wigu Hill, is located near the town of Kisaki in the Morogoro region of Tanzania. The Wigu Hill project is a light rare earth element deposit and consists of a carbonite complex with bastnaesite mineralization with a NI 43-101 Inferred resource estimate of 3.3Mt at 2.6% LREO5, including 510,000t @ 4.4% LREO5.

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Post by 123buyholdhopeon Feb 14, 2023 10:30am

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Post# 35285082

Vital Metals Release

Vital achieves 26% increase in Tardiff Mineral Resource tonnes and 19% increase in contained NdPr

HIGHLIGHTS

Updated Mineral Resource Estimate (“MRE”) for the Tardiff Upper Zone (“Tardiff”) at Nechalacho achieves a 26% increase in Mineral Resource tonnes and a 20% increase in total rare earth oxides (“TREO”) tonnes
Tardiff is estimated to contain 1.67 million tonnes of TREO within a total mineral resource of 119.0 million tonnes at 1.4% TREO
Tardiff is estimated to include 416,000 tonnes of neodymium and praseodymium (NdPr), a 19% increase over the previous MRE estimate dated 13 December 2019
Vital will commence drilling at Nechalacho this month, aiming to infill the Tardiff deposit to increase confidence in the Inferred component of the MRE
Vital aims to develop Tardiff to become a large-scale, long-life rare earths producer; initial economic assessment for Tardiff due in Q3 CY23

https://wcsecure.weblink.com.au/pdf/VML/02631023.pdf

DyoDD

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