Sept 22 (Reuters) - Vital Metals Ltd VML.AX :
* VITAL, SRC SIGN TERM SHEET TO NEGOTIATE DEFINITIVE AGREEMENTS FOR CONSTRUCTION AND OPERATION OF A RARE EARTH EXTRACTION PLANT
* INTENDED THAT CHEETAH'S RARE EARTH EXTRACTION PLANT WILL PRODUCE A MIXED RARE EARTH CARBONATE PRODUCT
* CAPITAL COST ESTIMATE OF RARE EARTH EXTRACTION PLANT IS A$5.25M