VML 33.3% 0.2¢ vital metals limited

Ann: Trading Halt, page-43

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    Kipawa Rare Earths Project

    Matamec Explorations Inc. proposes the construction, operation and decommissioning of a rare earths open-pit mine about 40 kilometres east of the municipality of Kipawa. The proposed project would process 1.3 million tonnes of ore per year over a 15-year operation period with a daily average extraction rate of 3,650 tonnes. The concentrate would be shipped by truck or by train and then by boat to Asian or European refineries. The proposed project would also include the construction of a concentrator, a power line as well as ancillary buildings such as storage, a laboratory and administrative offices.


 
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