24 August 2025
Vital Metals Limited (ASX: VML) (“Vital”, “Vital Metals” or “the Company”), an advanced stage exploration/development company, is pleased to announce a strategic two-tranche placement of $6.8 million to advance test work and studies at its Nechalacho Upper Zone Project which includes its Tardiff Rare Earth and Niobium deposit in NWT, Canada.
Vital will use funds from the investment to:
• Fly detailed drone-based aeromagnetic surveys of North T, South T, T and R Zones, and the three new concessions staked in November 2024 and conduct exploration fieldwork in those areas before winter sets in.
• Optimize Tardiff’s processing flowsheet and add zircon and niobium to the payable list with further testwork, including DFFE.
• Update Tardiff’s MRE with a focus on infill drilling and upgrade resource confidence from Inferred to Measured and Indicated
• Deliver a Pre-Feasibility Study incorporating a MRE update and results of optimisation.