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BRIEF-Vital Metals regains 100 pct ownership of Watershed Project

Published 04/01/2016, 12:19 pm
Updated 04/01/2016, 12:20 pm
© Reuters.  BRIEF-Vital Metals regains 100 pct ownership of Watershed Project
VML
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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

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