30 October 2024
Highlights
• Vital progresses Scoping Study for Tardiff deposit at its Nechalacho Rare Earths Project in Northwest Territories, Canada
• ERM Consultants Canada Ltd (“ERM”) to complete Scoping Study that will examine the size and scalability of future production scenarios at Tardiff
• Vital appointed mineral processing consultancy Corem to establish a preliminary flowsheet for processing rare earths from Tardiff, with results to be included in the Scoping Study
• Tardiff has a Mineral Resource Estimate (“MRE”) of 213Mt at 1.17% TREO and is estimated to contain more than 623,000 tonnes of NdPr (April 2024), with an updated MRE due in CY2024 to include all recent drill results
• Tardiff Scoping Study on track for completion by end of CY2024.
CORPORATE
• Experienced corporate advisor Zane Lewis joins Vital Metals Board as Non-Executive Director
• Mr Lewis has +25 years’ experience in corporate advisory, finance and M&A and is a previous Executive Director of Vital Metals, with extensive knowledge of Nechalacho.