Vital Projects

Watershed Tungsten Project

  • Definitive Feasibility Study (DFS) study expected to be completed in 2012
  • JOGMEC secured as JV partner in August 2011, funding DFS study to earn a 30% interest in the project
  • New JORC Code Resource model and open pit optimisation study expected to be completed by June 2012
  • Project Environmental approvals expected to be completed by 2012
  • Mining Lease applications already on foot
  • Significant exploration potential within 600 sq km tenement package

 Burkina Faso (Gold projects)

  • 18,000 metre drilling programme completed at Kollo, notable gold assay results include:
  • 5m @ 60.36 g/t gold from 75m, including (2m @ 128.50 g/t gold from 76m)
  • 44m at 6.39 g/t gold from 8m including (4m at 58.03 g/t gold from 24m) 
  • 60% Farm in milestone reached with Ampella over Doulnia and Kampala tenements (Vital earning 80%)
  • Tenement portfolio grows to 850 sq km with two new exploration tenements granted (100% interest)