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VITAL METALS LIMITED

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Further Visible Gold Identified at Bella Tondi

ASX Announcement 1 June 2018

HIGHLIGHTS

  • Visible gold demonstrated in core sample from drill hole BTRD006 at a relatively shallow 115 metres down-hole, located within the emerging high-grade zone of the Bella Tondi prospect 
  • Multiple parallel lodes identified in Bella Tondi shear zone 
  • Further assays ongoing, with first results towards the end of June

Vital Metals Limited (ASX: VML) is pleased to announce that ongoing analysis of core samples from the Company’s Bella Tondi prospect, part of the Bouli Gold Project in Niger, West Africa, has returned further visible gold (VG), suggesting multiple parallel lodes located in the emerging highgrade gold zone.

Core from hole BTRD006, located approximately 60m north of BTRC040 which returned 4 m @ 157 g/t Au within 10 m @ 63.5 g/t Au1 and is 40m to the south of BTRC047 which returned 2m @ 47g/t Au within 20m @ 5.79 g/t Au2 has demonstrated further VG, following the recent announcement of VG present in drill hole BTRD004 (ASX Announcement 24th May 2018).

Vital Metals Managing Director Mark Strizek said, “This latest round of returned core samples provides the Board with increased confidence to accelerate exploration of the emerging high-grade gold zone at Bella Tondi. As depicted in Figure 1, drill hole BTRD006 demonstrates visible gold at the shallow depth of 115m downhole (see also Figure 3, Figure 4and Table 1).”

Click here to view the full announcement

Niger0.PNG

Vital Metals Hits 2m @ 48.4g/t Au at Bella Tondi
ASX Announcement 10 April 2018

Highlights:

  • Vital  hits 2m @  48.4g/t Au  from  102m in  hole  BTRC047 in  the middle  of  the emerging 200m or more high‐grade southern zone at Bella Tondi in Niger
  • Located approximately 90m north along strike from the ultra‐high grade result of 4m @
    157g/t Au from 76m in hole BTRC040 reported 27 March 20181 and;  
  • 110m south along strike from the high‐grade result of 2m @ 36.5g/t Au from 62m in hole
    BTRC005B reported 8 March 20182
  • Diamond drill rig to begin testing of high grade zone at Bella Tondi within 2 weeks

Vital  Metals  Limited  (ASX:  VML)  is  pleased  to  report  it  has  identified  further  high‐grade  gold mineralisation  from  the latest  round  of  drilling  results  from its maiden  reverse  circulation  (RC) drill program at the Bella Tondi prospect, part of the Bouli Gold Project in Niger, West Africa.   

Vital Managing Director Mark Strizek said:

“BTRC047  has  hit  2m @  48.4g/t  Au  in  the  emerging  high  grade  southern  zone  at  Bella  Tondi which  now  appears  to  extend  for  at  least  200  metres.    This  is  the  third  intersection  we  have reported over an ounce of gold which includes the ultra‐high grade 4m @ 157 g/t Au and 2m @ 36.5g/t Au.”

 “There  was  an  incredible  gold  rush  at  Bella  Tondi  in  2016  with  over  20,000  artisanal  miners chasing high grade gold and with the latest drilling result we are starting to understand why they were there.

“We have now reported three separate ounce‐plus intercepts from shallow depths of between 50 and 90 metres below  the artisanal workings over a strike length of 200m.  The potential of  this system at depth looks extremely promising.  It is found that with this style of gold mineralisation the greatest continuity tends to be vertical.

“The next step is simple – drill deeper and along strike  to  test  the depth and strike potential of
these high‐grade shoots.”

Click here to view the full announcement



Vital Metals hits 4m @ 157g/t Au at Bella Tondi
ASX Announcement 27 March 2018

Highlights:

  • Vital  hits  4m  @  157g/t  Au  from  76m  in  hole  BTRC040  in  the  emerging  high‐grade  southern zone at Bella Tondi in Niger  
  • This hole is 200m south along strike from the high‐grade result of 2m @ 36.5g/t Au from  62m in hole BTRC005B reported 8 March 2018  
  • Vital will now aggressively  target along strike, down‐dip and down‐plunge extensions at  Bella Tondi to identify more high‐grade shoots  
  • Additional assays from 7 more holes are in progress, expected within 3 weeks  

Vital  Metals  Limited  (ASX:  VML)  is  pleased  to  report  it  has  identified  ultra‐high‐grade  gold  mineralisation  from  further results from its maiden reverse circulation (RC) drill program at the  Bella Tondi prospect, part of the Bouli Gold Project in Niger, West Africa.   

Vital Managing Director Mark Strizek said:   

“BTRC040 has hit ultra‐high grade of 4m @ 157 g/t Au from 76m. This was from a zone where  visible gold was observed in RC cuttings.  “This is an exceptional result that builds the grade profile of Bella Tondi from the previous best  result which was BTRC005B 200 metres to the north that hit 2m @ 36.5g/t Au from 62m.  

“We  are  planning  to  drill  deeper  and  test  the  depth  potential  of  these  high‐grade  shoots  that  have been shown to have a greater depth extent than their strike.  

“These latest  results  from Bella Tondi indicate why so many artisanal miners were  focussed on  chasing the gold mineralisation along the Bella Tondi Structure.” 

Click here to view the full announcement

Tungsten Price
This chart shows the price per mtu (10kg) of APT (Ammoniumparatungstate) in Australia dollars

Almonty Industries Inc. Announces That It Has Signed a Ten Year Off-Take Agreement with a Guaranteed Minimum Value CDN$500,000,000 for Its Wholly-Owned Sangdong Tungsten Mine in South Korea
March 13, BusinessWire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX-V: AII) is pleased to announce that it has entered into a new off-take agreement dated March 12, 2018, (the “Off-Take Agreement”) with an existing customer (the “Customer”) for the tungsten concentrate to be mined and processed at the Company’s wholly-owned Sangdong Tungsten Mine in South Korea. The agreement has a term of 10 years and, based upon current pricing models and, subject to the terms and conditions of the agreement, the agreement calls for guaranteed revenues for the Company for a minimum of CDN$500,000,000.


China’s War on Pollution Will Change the World
March 9, Bloomberg

China is cracking down on pollution like never before, with new green policies so hard-hitting and extensive they can be felt across the world, transforming everything from electric vehicle demand to commodities markets.
Four decades of breakneck economic growth turned China into the world’s biggest carbon emitter. But now the government is trying to change that without damaging the economy—and perhaps even use its green policies to become a leader in technological innovation. So, as lawmakers attend the annual National People’s Congress, here’s a look at the impact of the environmental focus, at home and abroad.


Bosch's new brakes last longer, keep wheels clean and reduce emissions
November 22, Auto Blog
When you think automobiles and emissions, you generally think internal combustion engines. Gasoline, diesel and smog-choked cities. While exhaust fumes make up the bulk of particulate emissions, brakes and tires are also significant contributors, with brake dust being a huge offender. Reducing brake dust could have a significant effect on a vehicle's overall impact on the environment, which is why Bosch has announced its new iDisc tungsten-coated brakes, which will reduce brake dust up to 90 percent compared to what's currently on the road...

Cobalt and tungsten key to cheaper, cleaner hydrogen
October 30, 2017 - Science Daily
The new sustainable catalyst 'splits' water molecules to obtain hydrogen and oxygen needs very low voltages to work, and avoids the use of precious metals like iridium.
Electrolysis, splitting the water molecule with electricity, is the cleanest way to obtain hydrogen, a clean and renewable fuel. Now, researchers at ICIQ and URV, led by Prof. José Ramón Galán-Mascarós, designed a new catalyst that reduces the cost of electrolytic hydrogen production. Catalysts reduce the amount of electricity needed to break the chemical bonds, speed up the reaction and minimise the energy waste...

Battery breakthrough charges in seconds, lasts for a week
November 25, 2016 - Kurzweil News
University of Central Florida researchers have developed a radical new supercapacitor design that could one day replace lithium-ion batteries, allowing users to charge a mobile phone in a few seconds and with a charge that lasts a week, according to the researchers. The new battery would be flexible and a fraction of the size of a lithium-ion battery...

Thin Layers of Water Hold Promise for the Energy Storage of the Future
April 28, 2017 - NC State News
Researchers at North Carolina State University have found that a material which incorporates atomically thin layers of water is able to store and deliver energy much more quickly than the same material that doesn’t include the water layers. The finding raises some interesting questions about the behavior of liquids when confined at this scale and holds promise for shaping future energy-storage technologies...

Water holds secret to battery breakthrough
May 2, 2017 - Microscopy and Analysis
US-based researchers have discovered that a 'hydrated layered oxide' with atomically thin layers of water, stores and delivers energy much more quickly than the same material without the water layers...

This new battery tech breakthrough could mean even faster electric vehicles
May 1, 2017 - BGR
Electric vehicles have a few key advantages over traditional combustion-powered cars, and one of the biggest is the potential for extreme acceleration. The Tesla Model S, for example, can go from a standing stop to 60 mph in as little as 2.3 seconds, beating out cars with badges reading Ferrari, Lamborghini, McLaren, and Porsche. Now, thanks to a new breakthrough in battery technology developed by researchers at North Carolina State University, electric cars could become even faster, which is actually somewhat terrifying to think about...

Watershed1.png


Watershed is located in Far North Queensland, Australia. It is 35 km northwest of Mount Carbine, 115 kilometres northwest of Cairns in hilly open woodlands. The project is close to the Mulligan Highway, connecting the project to the ports in Cairns and Townsville. A 132kV power line runs parallel to the Highway, giving the project access to cheap grid power

Based on solid exploration
The Watershed tungsten deposit was discovered and explored by Utah Development Company Limited (“Utah”) in the early 1980’s with limited further work conducted by Peko-Wallsend Operations Limited – Geopeko Division (“Geopeko”) in the mid-1980’s. Vital acquired the project in 2005 and has been investigating the deposit since that time.
The deposit has been defined by more than 326 drill holes for over 54km of predominately diamond drilling. Mineralization has been encountered over a strike length of approximately 1500m and down dip to 450m. The deposit is open at depth and along strike.

World class resource
The Watershed Deposit ranks among the 10 largest unexploited non-Chinese tungsten deposits worldwide. This JORC (2004) compliant resource model has been classified using JORC Code and Guidelines and Measured, Indicated and Inferred Resources total 49.2 million tonnes of ore at 0.14% WO3 for 70,400 tonnes WO(7.04 million metric tonnes units – mtus) at a 0.05% WO3 cut-off.

Fully permitted
The Watershed projects holds all the required permits and agreements, allowing immediate start of construction: Mining Leases – ML, Environmental Authority – EA, Native Title Agreement – ILUA, Agreements with pastoral landholders.

Completed positive DFS
A Definitive Feasibility Study (DFS) was completed by Vital with very positive outcome in 2014. A 2.5Mt ore per year mining and processing operation is supported by strong economics and a mineral reserve of 21.3Mt of ore grading 0.15% WO3 (31,400 tonnes of contained WO3) over a mine life of 10 years.

Excellent exploration opportunities
The Watershed resource is open to depth as well as along strike with high grade drill intercepts known below the current open pit design as well as in close proximity to south of the deposit. This provides great opportunities to extend the life of the Watershed project through future underground or satellite open pit operations.


Burkina0.PNG

  • 4th largest gold producer in Africa
  • 7 gold mines commissioned since 2007
  • Exceptional geological potential – still underexplored with significant potential for growth in gold resources
  • Mining friendly Government
  • Kollo Gold project
  • Boungou South Gold prospect
  • Zinc projects
Burkina1.pngBurkina2.PNG

Directors0.PNG

David Macoboy Non-Executive Chairman
 Mr Macoboy holds a Bachelor of Economics and a Bachelor of Commerce from the University of WA. David is a Certified Practicing Accountant. He is a former Chairman of Ammtec Limited, AVZ Minerals Limited and Territory Resources Ltd and has served on numerous other boards. He has not held any directorships of other listed companies in the past three years.
 The Directors and Management of the Company believe Mr Macoboy’s cross-industry experience, especially in the areas of corporate strategy, finance, treasury, risk management and international fund raising, are skills needed to ensure the company’s projects are appropriately funded and promoted.

Mark Strizek – BSc, MAusIMM Managing Director
 Mark Strizek is a qualified geologist with over 19 years’ experience in the mining industry and is Member of the Australasian Institute of Mining and Metallurgy. Mark’s career began in the Yilgarn in Western Australia in gold. He has experience in mining and exploration and has also worked as a resource consulting geologist. Prior to joining Vital he was involved in project development of mineral, coal and petroleum resources in both Australia and Papua New Guinea.

Andrew V Simpson – Grad. Dip. Bus (Curtin), MAICD Non-Executive Director
 Mr Simpson holds a Graduate Diploma in Business and Administration (majoring in Marketing and Finance) from Curtin University and is currently the Managing Director and Principal of Resource and Technology Marketing Services Pty Ltd (RTM) in Perth.
 He formed RTM in 1999 to specialise in strategic and business planning, resource project assessment and marketing. RTM is recognised as one of Australia’s leading market research consultants to the international mining industry.
 Mr Simpson is non-executive Chairman of Swick Mining Services Ltd. He is past Chairman of Territory Resources Ltd and India Resources Ltd. Mr Simpson is a Member of the Australian Institute of Company Directors.

Peter G Cordin – B.Eng (Civil) (UWA), F.AusIMM, MIEA Non-Executive Director
 Mr Cordin is a civil engineer with over 35 years experience in the evaluation and operation of resource projects within Australia and overseas. He is the former Non-Executive Chairman of Dragon Mining Limited an Australian listed company with gold mines in Sweden and Finland. He has direct experience in the management of diamond and gold operations and has been involved in the development of resource projects in Kazakhstan and New Caledonia.
 Mr Cordin is also a non-executive director of Coal of Africa Limited and Aurora Minerals Limited.

Francis Harper LLB (Hons) BEc Non-Executive Director
 Mr Harper is a lawyer and has been a director of Blackwood Capital since 2002 and prior to that spent 15 years with NM Rothschild in the US, UK and Australia in M&A and resources finance. Blackwood Capital has raised over $1 billion for small caps since inception. Mr Harper (through Blackwood) financed West African Resources (WAF) and was chairman from 2009 to 2015.

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