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Vital Metals Ltd.
Summary
| Project: | Nechalacho | |
|---|---|---|
| Deposit: | Nechalacho | |
| Location: | Canada | |
| Commodities: | Rare Earth | |
| Date: | 12/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-12-2019: Vital Metals Ltd. announces a Resource Estimation report for its Nechalacho deposit at the Nechalacho project. JORC 2012 compliant resource for project. Vital Metals Limited (ASX: VML) (“Vital” or the “Company”) via its subsidiary Cheetah Reso | |
| Resources: | (Resource, Total): 94.7Mt @ 1.46% TREO | |
| CP/QP: | [Resources]: William Mercer (Avalon Advanced Materials Inc.) | |
| ABSTRACT: | Vital Metals Limited (ASX: VML) (“Vital” or the “Company”) via its subsidiary Cheetah Resources Pty Ltd, is pleased to advise it has completed geological work to re-estimate the resources in its 100% owned Nechalacho Upper Zone Rare Earth Project in North West Territories, Canada. The resource is calculated in accordance with JORC Code 2012 and utilizing neodymium cutoff grades. Commenting on the JORC resource, Vital Metals Managing Director Geoff Atkins said: “The estimation in accordance with JORC of the Upper Zone of the Nechalacho Rare Earth Project highlights its potential as a world class rare earth project. The high grade targets and high NdPr content has reinforced our belief that the Nechalacho Rare Earth Project has potential for a near-term start-up operation exploiting high-grade, easily accessible near surface mineralisation initially from the North T and Tardiff Zones”. Nechalacho Rare Earth Project is located at Thor Lake in the Mackenzie Mining District of the Northwest Territories, approximately 100km southeast of the city of Yellowknife. The district is blessed with substantial infrastructure including roads and railways with the project located on the Great Slave Lake allowing for direct barge access during summer or ice road access during winter. | |
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