Vital Metals (ASX:VML) has received a notice of initial substantial holder from ASX-listed mining services company Ausdrill (ASX:ASL).
The Western Australia based company holds circa 68 million shares for a 6.8% stake.
During April, Vital commenced a 100 hole, 12,500 metre reverse circulation drilling program at its 100%-owned Kollo Gold Project in Burkina Faso, West Africa.
Kollo is located on the highly prospective Markoye Fault Corridor which hosts West African Resources’ (ASX:WAF) high grade 2.2 million ounce Sanbrado Gold Project.
The Kollo Project is a part of Vital’s 100% owned 400 square kilometre Doulnia Gold Project in southern Burkina Faso.