30 July 2025
Vital Metals Limited (ASX: VML) (“Vital”, “Vital Metals” or “the Company”), an advanced stage exploration/development rare earths company, is pleased to report on its activities for the June 2025 quarter, including at its 100%-owned Nechalacho Project in Yellowknife, Northwest Territories, Canada.
Tardiff Scoping Study
During the quarter the Company progressed the Scoping Study for its Tardiff deposit. In July Vital delivered the study, completed by ERM Consultants Canada Ltd. (ERM), examining the potential size and scalability of rare earths and niobium recovery from the deposit. Vital expanded the study in February to incorporate niobium recovery testwork after reporting an initial niobium resource in its January 2025 Mineral Resource Estimate update for the deposit. The Tardiff deposit is a near-surface light-rare-earth-elements-enriched mineralization that has been defined to a depth of approximately 100 metres (m) below surface. Tardiff has a MRE of 192.7 million tonnes at 1.3% total rare earth oxide (TREO) and 0.3% niobium, containing 636,000 tonnes of NdPr (neodymium oxide + praseodymium oxide) and 578,000 tonnes of Nb2O5 .