WIGU HILL PROJECT

WIGU HILL PROJECT


Project Description

Vital Metal’s second rare earth project is located near the town of Kisaki in the Morogoro region of Tanzania.

Mineralisation is widespread over the entire hill with only two out of ten known targets drilled. Discussions with the Tanzanian Government is well advanced with regard to the issuance of a Mining Licence.

Vital has signed a project development and option agreement with Montero Mining & Exploration Ltd, to acquire and develop the Wigu Hill project. The Wigu Hill project is a light rare earth element deposit and consists of a large carbonite complex with bastnaesite mineralisation with a NI 43-101 Inferred resource estimate of 3.3Mt at 2.6% LREO5 including 510,000t @ 4.4% LREO5 on 2 of 10 possible drill targets.