Market Herald logo


Be the first with the news that moves the market
  • Vital Metals’ (VML) test work yields encouraging results for stage two operations at the Nechalacho Rare Earths Project in Canada
  • The metallurgical test work on ore samples shows potential to use a similar process flowsheet as the North T zone for the Tardiff zone
  • This work also suggests including another process such as gravity and flotation separation in stage two to achieve a high-grade rare earth concentrate
  • Vital expects to begin production at North T this month which will position it as the first rare earths producer in Canada and the second in North America
  • Company shares are up 4.26 per cent and are trading at 4.9 cents

Vital Metals (VML) has received positive results from metallurgical test work at the Nechalacho Rare Earths Project in Canada.

The test work was conducted using ore samples from the Tardiff zone which lies within the rare earths project.

Vital conducted this work to test the amenability of ore from the Tardiff zone to the stage one flowsheet being constructed for the North T zone. The company also tested the potential to produce a product with a rare earth oxide (REO) grade of more than 35 per cent with reasonable recoveries.

Pleasingly, the metallurgical test work showed potential to use a similar process flowsheet across both of Vital’s planned stages of production — the North T zone in stage one and the Tardiff zone in stage two.

The work also indicated that an additional beneficiation step, such as a flotation plant, will be necessary for the second stage. This will significantly reduce capital costs and risk.

“The ability to utilise plant and equipment from the stage one – North T operation in stage two is critical to achieving our target of funding the development of the Tardiff zone out of stage one operating revenue,” Managing Director Geoff Atkins said.

Vital expects to begin production via ore sorting from the North T zone this month. Once in production, it will reportedly be the first rare earths producer in Canada and the second in North America.

After North T, the company plans to mine the Tardiff zone with development targeted to commence in 2025.

Company shares were up 4.26 per cent and were trading at 4.9 cents at 10:27 am AEST.

VML by the numbers
More From The Market Herald

" Piedmont Lithium (ASX:PLL) increases Carolina mineral resource

Piedmont Lithium (PLL) has updated the global mineral resource estimate (MRE) for the company’s flagship Carolina Lithium Project in the US state of

" Quantum Graphite (ASX:QGL) wraps up drilling at Eastern Conductor

Quantum Graphite (QGL) has wrapped up a drilling program and rehabilitated drill holes at the Eastern Conductor in South Australia.

" Piedmont (ASX:PLL) completes initial investment in IronRidge

Piedmont Lithium (PLL) has invested 9.9 per cent in IronRidge Resources (IRR).
PepinNini Minerals (ASX:PNN) - Managing Director, Rebecca Holland Kennedy

" PepinNini Minerals'(ASX:PNN) Managing Director resigns

PepinNini Minerals’ (PNN) Managing Director has resigned from the leadership role.