Jan 4 (Reuters) - Vital Metals Ltd VML.AX :
* VML regains 100% ownership of watershed project VML.AX
* Jogmec forfeits 30% interest for no consideration after failing to complete transfer to incoming Japanese partner by 31 December 2015
* Vital Metals now free to commence discussions with potential new project development partners
* Significant reductions in the oil price and the US$/AU$ exchange rate have reduced the watershed tungsten project's forecast operating costs
* Source text for Eikon ID:nASX6hcTTW