Vital Metals Limited (ASX:VML)
Vital Metals Limited (ASX:VML) is an explorer and developer with highly prospective mineral projects, focusing on the world-class rare earth Nechalacho project in Canada.
The company plans to commence mining at Nechalacho’s North T Zone in 2021 as part of its Stage 1 production strategy and Vital has commenced drilling to define a mine plan for Stage 2 as it works to develop a larger scale, longer life rare earths project.
Vital Metals aims to become the lowest cost producer of mixed rare earth oxide outside of China by developing one of the highest grade rare earth deposits in the world and the only rare earth project capable of beneficiation solely by ore sorting.
Vital’s other projects include the high-grade Wigu Hill rare earth resource in Tanzania.