Watershed (100 per cent Vital owned)

The Watershed scheelite (calcium tungstate) Project, situated in far North Queensland, 150 kilometres north-west of Cairns, is the company’s flagship venture. Watershed is at the pre-feasibility stage; with a program of in-fill drilling, bulk sampling and metallurgical development in progress.

A resource estimate has been received for the Watershed deposit. The global resource figure, at a cut-off grade of 0.15% WO₃ , is 15.2 million tonnes at an overall average grade of 0.29% WO₃ for a contained WO₃ content of 44,100 tonnes. The mineralisation at Watershed is open at depth and along strike in both directions.

The deposit outcrops on a hill and is suited for open cut mining at an apparently modest waste-to-ore ratio. The scheelite-bearing material fluoresces in ultra violet light and is amenable to simple pre-concentration utilizing this characteristic.