Montero Provides Update on the Expropriation of the Wigu Hill Project Tanzania

Cheetah Resources20 Aug, 2021Other

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.