Vital Metals Increases Tardiff MRE Tonnage

THE DRILL SERGEANT: Vital Metals (ASX: VML) reported an updated Mineral Resource Estimate (MRE) for the Tardiff Upper Zone deposit, part of the company’s Nechalacho rare earths project in Canada.

Vital Metals said the updated MRE for Tardiff demonstrates a notable lift in the contained Neodymium and praseodymium (NdPr) in the total resource in comparison to an estimate the company had released in February 2023.

The updated MRE features a total resource tonnage (across all categories) of 212.7 million tonnes at 1.17 per cent total rare earth oxide (TREO) containing 2.48 million tonnes TREO, including more than 623,000 tonnes of NdPr.

“Deposit size and grade matters and Nechalacho’s world-class character is reinforced with our latest MRE for the Tardiff deposit, which shows its sector impact potential, particularly within a North American perspective, and is highlighted by the substantial increase in contained neodymium-praseodymium oxide, or NdPr, to more than 623,000 tonnes,” Vital Metals managing director and CEO Geordie Mark said in the company’s ASX announcement.

“We believe that Tardiff is an outstanding asset, given that it represents a shallow deposit hosted within a single pit-constrained resource with a high NdPr:TREO ratio (~25%), and a size that affords potential for project size and scalability of production over a protracted period.

“We will continue to deliver a range of catalysts over the course of the year, with more Tardiff drill results expected over the next few months, where high-grade mineralization remains open in several directions out from the 2023 drill grid perimeter.

“These data and updated geological interpretations will form the basis of targeted metallurgical work to inform a Scoping Study to be completed in late 2024.”

 

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