Vital Metals (ASX: VML) is primarily focused on developing and exploring the Nechalacho Rare Earth Project in Northwest Territories, Canada.

We plan to develop the Tardiff deposit at Nechalacho to furnish a larger scale, rare earths project that has potential for a protracted operating life, but also offers scalability due it is size and shallow nature. Tardiff has a Measured & Indicated Mineral Resource of 213 million tonnes at 1.17% TREO, containing 2.48 million tonnes of TREO and more than 623,000 tonnes of NdPr, as announced April 2024.

Tardiff is one of the largest, higher grade rare earth deposits in the world where the shallow parts of the magmatic body is fortune to be endowed with one of the highest proportions of Neodymium + Praseodynium balanced against its total rare earths. These two elements are essential ingredients for applications in the world’s transitional to a technology-driven, low emissions future.

“In the spirit of peace, friendship, and respect, we recognize that our work takes place on the traditional Indigenous territories across Canada. We also wish to acknowledge that the Cheetah Resources head office is in Chief Drygeese Territory. From time immemorial, it has been the traditional land of the Yellowknives Dene First Nation. We Respect the histories, languages, and cultures of all other Indigenous Peoples including the North Slave Metis, and all First Nations, Metis, and Inuit whose presence continues to enrich our vibrant community.”