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Mining Capital
Market: ASX
52-week High/Low: A$0.02 / A$0.01
Sector: Mining
Market Cap: A$10.56M

Vital Metals Ltd (ASX:VML) is listed in the Australian Securities Exchange.

Vital Metals Ltd

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Big picture - Why invest in Vital Metals Ltd

Vital Metals Ltd Snapshot

Vital Metals Ltd (ASX:VML) is actively exploring for gold at its Kollo gold project, in Burkina Faso.

Drilling has started to test the extents of gold mineralisation along the Kollo shear zone.

Previous reverse circulation drilling highlights include:

- 5 metres at 60.36g/t gold from 75 metres;
- 15 metres at 7.75g/t gold from 105 metres; and
- 4 metres at 6.29g/t gold from 78 metres.

Watershed Tungsten Project

- An outstanding, development-ready project that is fully permitted and has all landowner and Indigenous agreements in place
- Resource model has been classified using JORC Code and Guidelines and Measured, Indicated and Inferred Resources total 49.32 million tonnes at 0.14% for 70,400 tonnes WO3 at a 0.05% WO3 cutoff.
- Proved and Probable Ore Reserve of 21.3Mt grading 0.15% WO3 for 31,400 tonnes of contained WO3 with a strip ratio of 3:1 waste to ore.
- Project Environmental approvals received in September 2013.
- Mining Leases granted for 20 years in November 2013.
- Significant exploration potential to add further life to the proposed mine development.

(click here for more information on this project)

Exploration Australia

- Four highly prospective exploration tenements covering an area of over 800km2.
- Our exploration portfolio offers outstanding opportunities for the discovery of substantial tungsten, tin, gold or copper resources.

(click here for more information)

Exploration Burkina Faso

- Targeting gold mineralisation from surface – suitable for open pit mining.
- Project best intercept of 5m @ 60.36 g/t gold from 75m, including (2m @ 128.50 g/t gold from 76m) KRC260.

(click here for more information)

Exploration Germany

- Vital Metals’ Aue Exploration Permit is prospective for underground tungsten, tin, silver , zinc, indium, gold and uranium mineralisation.
- Located in the western Erzgebirge region which is in the heart of one of Europe’s most famous mining regions and is surrounded by several world-class mineral fields within a radius of less than 20km.

(click here for more information)

Last updated 9th September 2016.

David Macoboy
Non-Executive Chairman

Mr Macoboy holds a Bachelor of Economics and a Bachelor of Commerce from the University of WA. David is a Certified Practicing Accountant. He is a former Chairman of Ammtec Limited, AVZ Minerals Limited and Territory Resources Ltd and has served on numerous other boards. He has not held any directorships of other listed companies in the past three years. 

The Directors and Management of the Company believe Mr Macoboy’s cross-industry experience, especially in the areas of corporate strategy, finance, treasury, risk management and international fund raising, are skills needed to ensure the company’s projects are appropriately funded and promoted.

Mark Strizek
Managing Director

Mark Strizek is a qualified geologist with over 19 years’ experience in the mining industry and is Member of the Australasian Institute of Mining and Metallurgy. Mark’s career began in the Yilgarn in Western Australia in gold. He has experience in mining and exploration and has also worked as a resource consulting geologist. Prior to joining Vital he was involved in project development of mineral, coal and petroleum resources in both Australia and Papua New Guinea.

Andrew V Simpson
Non-Executive Director
Grad. Dip. Bus (Curtin), MAICD

Mr Simpson holds a Graduate Diploma in Business and Administration (majoring in Marketing and Finance) from Curtin University and is currently the Managing Director and Principal of Resource and Technology Marketing Services Pty Ltd (RTM) in Perth.

He formed RTM in 1999 to specialise in strategic and business planning, resource project assessment and marketing. RTM is recognised as one of Australia’s leading market research consultants to the international mining industry.

Mr Simpson is non-executive Chairman of Swick Mining Services Ltd, and India Resources Ltd. He is the former non-executive Chairman of Territory Resources Ltd and Kaboko Resources Ltd, and a former non-executive director of Blackwood Corporation Ltd (formally Matilda Minerals Ltd). Mr Simpson is a Member of the Australian Institute of Company Directors.

Peter G Cordin
Non-Executive Director
B.Eng (Civil) (UWA), F.AusIMM, MIEA

Mr Cordin is a civil engineer with over 35 years experience in the evaluation and operation of resource projects within Australia and overseas. He is the former Non-Executive Chairman of Dragon Mining Limited an Australian listed company with gold mines in Sweden and Finland. He has direct experience in the management of diamond and gold operations and has been involved in the development of resource projects in Kazakhstan and New Caledonia.

Mr Cordin is also a non-executive director of Coal of Africa Limited and Aurora Minerals Limited.

Ian Hobson
Company Secretary

Ian Hobson is a Chartered Accountant and Chartered Secretary with over 27 years experience. Ian has spent most of his professional career as a director at PricewaterhouseCoopers in Australia, London and Toronto before commencing his own practice. Ian provides company secretarial and financial controller services to ASX listed companies as well as private organizations and is experienced in corporate governance, ASX / ASIC compliance, due diligence, valuations, capital raisings and corporate accounting.

Last updated 9th September 2016.

Vital Metals Ltd
ABN 32 112 032 596
North Queensland Tungsten Pty Ltd
ABN 32 113 586 440

Street Address
Suite 1, 91 Hay Street
Western Australia 6008

Phone: +61 8 9388 7742
Fax: +61 8 9388 0804
General Email: [email protected]

Burkina Faso Office
Vital Metals Burkina SARL (VMB)
01 BP4088 Ouagadougou 01
Cité an III avenue de la Liberté

Phone: +226 50 33 30 39
Fax: +226 50 30 71 44


David Macoboy
Non-Executive Chairman

Mark Strizek

Managing Director

Andrew Simpson
Independent Non-Executive Director

Peter Cordin
Non-Executive Director

Company Secretary
Ian Hobson

Office Directory

Principal and Registered Office
Suite 1, 91 Hay Street
Subiaco WA 6008
+61 (08) 9388 7742

BDO Audit (WA) pty ltd
38 Station Street
Subiaco WA 6008

Share Registry
Automic Registry Services
Suite 1a, Level 1 7 Ventnor Avenue
West Perth WA 6005
+61 8 9324 2099

Burkina Faso Office
Vital Metals Burkina Sarl
01 BP 4088 Ouagadougou 01
Cité an III Avenue de la Liberté
+226 50 33 30 39

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