Vital Metals (ASX:VML) - Managing Director, Geoff Atkins
Managing Director, Geoff Atkins
Source: Vital Metals
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  • Vital Metals (VML) receives the first assays from the Tardiff zones two and three within its Nechalacho Rare Earth Project in Canada
  • The company completed 10 holes within the zones to define a stage two mine plan for Nechalacho, with all holes hitting extensive mineralisation
  • These results have added potential to extend the mine life of Nechalacho significantly, with further drilling needed to better define the Tardiff zones
  • Managing Director Geoff Atkins says these results show the project is a much larger rare earths operation than Vital expected
  • Just before the market opens for the day, Vital last traded at 4.8 cents per share

Vital Metals (VML) has received first pass assay results from the Tardiff Zones two and three within its Nechalacho Rare Earth Project in Canada.

The company completed 10 holes across the two zones to define a stage two mine plan for Nechalacho, with all holes hitting extensive mineralisation.

Drilling at Tardiff two and three intersected thick zones with total rare earth grades above two per cent of total rare earth oxide (TREO).

Best results from zone two are 25.1 metres at 3.03 per cent TREO and 19 metres at 2.05 per cent TREO. All zone two’s intersections are within 75 metres of the surface.

Zone three’s best results include 51 metres at 2.13 per cent TREO and 36.7 metres at 1.96 per cent TREO. All holes from this zone confirmed higher grades than previously encountered.

These results have added potential to extend the mine life of Nechalacho significantly, with further drilling needed to better define the Tardiff zones.

Managing Director Geoff Atkins said the drill results showed the project to be a much larger rare earths operation than the company expected.

“We completed the drilling at Tardiff as part of defining a mine plan for stage two operations at Nechalacho, which will initially focus on Tardiff Zone 1,” he said. “But with the results showing mineralisation in both Zone 2 and 3 remaining open, we will plan further drilling in these areas over the next year to get a better understanding of the mineralisation and determine if the three zones are connected.

“With the commencement of production at Nechalcho, we are excited about the future of this project, which continues to grow in potential and is turning into one of the worlds best light rare earth projects.”

Just before the market opens for the day, Vital last traded at 4.8 cents per share.

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