ASX: VML
Advancing One of the World's Largest Rare Earth Deposits
Developing the world-class, magnet-rich Nechalacho Rare Earth & Niobium Project
July 2025 Scoping Study
- Post-tax NPV8%
- Post-tax IRR
- Mineral Resource at 1.3% TREO
- NdPr Content
- Nb2O5 Content
About Vital Metals
A Canadian rare earths and niobium developer
Vital Metals (ASX: VML) is a rare earths and niobium developer advancing the Nechalacho Project in Canada’s Northwest Territories.
Nechalacho is one of the largest, highest-grade rare earth deposits globally, with one of the highest concentrations of magnet-critical NdPr in the world.
The Company is fully funded through to a Pre-Feasibility Study targeted for February 2027, with a concurrent exploration program demonstrating district-scale potential well beyond the existing resource.
Development Strategy
Advancing Nechalacho on four fronts
Vital Metals is executing four concurrent workstreams to maximise value and accelerate the path to production.
01
Pre-Feasibility Study
Advancing the 192.7 million tonne Tardiff deposit toward a PFS targeted for completion by February 2027, the Company’s major de-risking milestone.
02
MRE Upgrade
Further drilling at Tardiff aimed at expanding the Mineral Resource Estimate and improving project economics ahead of the PFS.
03
District-Scale Exploration
Six regional targets and a program-high of 292,145ppm TREO point to a potential district-scale rare earth system at Nechalacho.
04
Near-Term Revenue
Approximately 45,000 tonnes of surface stockpile at North T under evaluation for near-term concentrate production and cashflow.
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