VML Regains 100% Ownership of Watershed Project
Filed with ASX · · 11 pages · English
Media: Nicholas Read Read Corporate (08) 9388 1474 VITAL REGAINS 100% OWNERSHIP OF WATERSHED TUNGSTEN PROJECT, QUEENSLAND VITAL REGAINS 100% OWNERSHIP OF Vital Metals Limited Key Points • JOGMEC forfeits its 30% interest for no consideration after failing to complete its transfer to an incoming Japanese partner by 31 December 2015, in line with the JV agreement. • Vital Metals now free to commence
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- Flowsheet optimisation unlocks further savings for Watershed
- Fully Underwritten Rights Issue to Raise $948,718
- Watershed Tungsten project update
- Macquarie supports Vital with extension of $3M loan facility
- Vital identifies exciting gold potential at Watershed
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