trending Market Intelligence /marketintelligence/en/news-insights/trending/h0ylyhd1kpypmx6ewocytw2 content esgSubNav
In This List

Independent review cuts CapEx of Vital Metals' Watershed project to A$105.8M

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Podcast

Energy Evolution | Looking ahead to the energy transition in 2023

Video

Path to Net-Zero: How are mining companies tracking?

Blog

The Big Picture for 2023: Will Economies See Relief from Knock-on Effects of Russia-Ukraine Conflict?


Independent review cuts CapEx of Vital Metals' Watershed project to A$105.8M

An independent review of the capital costs for Vital Metals Ltd.'s Watershed tungsten project in Queensland, Australia, cut the CapEx estimate to A$105.8 million, compared to A$172 million in the 2014 definitive feasibility study.

The company commissioned the independent estimate as a prerequisite for discussions with nonequity funders.

Vital said March 22 that it will now work toward updating the resource estimate to JORC-2012 standards, which will flow into an optimized mining schedule, and continue discussions with potential off-takers.