Vital’s second rare earth project, Wigu Hill, is located near the town of Kisaki in the Morogoro region of Tanzania.
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. Mineralisation is widespread over the entire hill with only two out of 10 known targets drilled.
Vital has signed a project development and option agreement with Montero Mining & Exploration Ltd, to acquire and develop the Wigu Hill project. Vital continues discussions with the Tanzanian Government with regard to the issuance of a Mining Licence..
