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Vital Metals Ltd
Vital Metals Ltd (ASX:VML) is an Australian based emerging tungsten producer and West African gold explorer.
Vital’s flagship Watershed Project recently secured environmental approvals from the Queensland government placing it on a solid footing as the first Greenfields tungsten Project to be developed in Australia for more than a generation.
Vital is progressing the Watershed Project through a feasibility study in a joint venture with JOGMEC (Japan Oil, Gas and Metals National Corporation) who have earnt a 30% interest in the Project. JOGMEC has advised they intend to transfer their interest to a Japanese company involved in the tungsten industry.
Vital also holds a 100% interest in the Doulnia Gold Project located in southern Burkina Faso, West Africa. The Project is located in highly prospective Birimian Greenstone terrain with over 850 sq. km of contiguous tenements lying on the trend of the Markoye Fault Corridor and the Bole shear zone and hosting the Kollo Gold Project and Boungou South Gold Prospect.