16 February 2021
Highlights
•Vital commences drilling program at Nechalacho REE project in North West Territories, Canada
•Initial program of 30 holes (1,800m) diamond drill program aims to define a preliminary mine plan for Stage 2 production from Tardiff resource (94.7Mt @ 1.46% TREO with over 1.3Mt contained rare earths)
•Mine plan to provide sufficient feed for Nechalacho’s targeted Stage 2 production of 5,000t REO/yr from the high grade bastnaesite zone (3.2Mt @ 2.38% TREO)
•Vital on track to commence Stage 1 rare earth oxide production from North T at Nechalacho by end of CY2021
•T Zone drilling program to target satellite deposits to evaluate the potential to expand the high-grade North T resource of 105,000 tonnes at 8.9% TREO