Company Profile For Vital Metals Limited

Vital Metals Ltd is an Australia-based company. The Company is engaged in mineral exploration. The Watershed scheelite (calcium tungstate) project, situated in far North Queensland, 150 kilometers north-west of Cairns, is the Company’s primary venture. The Mt Alexander Project is located near Nanutarra, 1250 kilometers north of Perth, Vital holds tenements covering tungsten mineralization. At Mt Mulgine, 350 kilometers north-north-east of Perth, tungsten and molybdenum occur in skarns surrounding the large Mulgine Granite intrusion. Its subsidiaries include North Queensland Tungsten Pty Ltd and Mount Alexander Resources Pty Ltd.

BRIEF: For the fiscal year ended 30 June 2009, Vital Metals Limited's revenues totaled A$5K, up from A$1K. Net loss totaled A$17.4M, up from A$2.8M. Revenues reflect higher other income. Higher loss reflects the presence of impairment of exploration, the presence of plant & equipment written off and higher depreciation expenses. Vital Metals Ltd is engaged in the exploration of tungsten and molybdenum chemicals.