Victory Metals achieves exceptional ratios of magnet rare earth elements at North Stanmore

Testwork at Victory Metals’ North Stanmore project has showcased exceptional results, with outstanding recoveries of 93% for high value magnet rare earths. The recent exploration efforts at the project have focused on validating the high concentrations of dysprosium and terbium through infill drilling, leading to the discovery of ratios of 7.75% dysprosium-terbium with a combined value significantly higher than other light rare earths.

The metallurgical results from the project have also confirmed high recoveries of scandium, a rare, versatile, and valuable metal, with levels reaching 50% Sc2O3. These findings have propelled North Stanmore into the project study phase, with a scoping study scheduled to begin soon.

Victory Metals’ CEO and executive director, Brendan Clark, expressed pride in the team’s accomplishments in positioning North Stanmore as a leading Australian critical mineral project. He highlighted the upcoming milestones, including an upgraded resource estimate and a scoping study, which are expected to further demonstrate the project’s potential for success.

The company plans to conduct additional metallurgical test work to recover valuable by-products, including scandium oxide, and will explore potential off-take partnerships for the MREC test product. Further metallurgical leach tests will be carried out to optimize the leaching conditions for the beneficiated material.

With promising results and ongoing advancements, Victory Metals’ North Stanmore project holds significant promise for the future of critical mineral production in Australia. Investors and industry experts alike are eagerly awaiting further developments from this exciting project.