Oginvest schrieb 28.04.23, 09:35
HIGHLIGHTS
• Updated Mineral Resource Estimate (“MRE”) for the Tardiff Upper Zone (“Tardiff”) at Nechalacho achieves a 26% increase in Mineral Resource tonnes and a 20% increase in total rare earth oxides (“TREO”) tonnes
• Tardiff is estimated to contain 1.67 million tonnes of TREO within a total mineral resource of 119.0 million tonnes at 1.4% TREO, containing 416,000 tonnes of neodymium and praseodymium (NdPr), a 19% increase over the previous MRE estimate dated 13 December 2019
• Updated MRE confirms Tardiff as one of the largest single REE deposits in the western world, with potential to be one of the largest suppliers of permanent magnet motor minerals in North America
• Vital aims to develop Tardiff to become a large-scale, long-life rare earths producer
• 6,667m drilling program completed at Tardiff designed to increase the Measured and Indicated component of the MRE (21% increase on 5,500m planned); assays expected over coming months
• A further update to Tardiff Mineral Resource Estimate due in Q4 CY23
• Vital remains sufficiently well-funded (A$18.85m at end of the Quarter) to advance the development of Tardiff through 2023.
CORPORATE
• Richard Crookes appointed interim Non-Executive Chairman following Evan Cranston stepping down from the role;
• Appointment of Steven Woolfenden as Vice President, Sustainability;
• Vital has commenced an international search for a new CEO with experience to drive its Tardiff development strategy following John Dorward’s resignation
>> https://mcusercontent.com/4fbd4e5467792c66e60bdfdb4/files/3fab084c-fd41-f919-ac1b-4bbe79c22d9b/vital.pdf
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