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Victory Metals Limited (ASX:VTM)

ALERT: Price-sensitive ASX Announcement for VTM
Current share price for VTM : $1.380 0.02 (1.47%)+
Announcement
Release
8 Sep 2025 8:22AM
Price at Release
$1.360
Full Release
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Summary
Victory Metals Limited, one of the world's leading heavy rare earth clay projects, has announced the identification of multiple ultra-high heavy rare earth oxide (HREO) zones at its North Stanmore project in Western Australia. This discovery positions Victory as a critical supplier of heavy rare earths, essential for defense and high-tech industries, amid increasing global demand and geopolitical pressures for Western supply. The project boasts some of the highest global HREO/TREO ratios, up to 83%, with substantial production capabilities leveraging identified 26 high-value zones. Victory plans to reduce material processing by 70% while maintaining output, significantly cutting CAPEX and OPEX. A 10,000m aircore drilling program is planned to enhance resource estimation, supported by proceeds from a recent placement.
Key Points
  • Victory Metals announces discovery of ultra-high HREO zones at North Stanmore.
  • Project features some of the highest HREO/TREO ratios globally, up to 83%.
  • Plans to reduce processing material by 70% while maintaining output.
  • 26 high-value zones identified within the Indicated resource.
  • A 10,000m aircore drilling program is planned to further explore high-value zones.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.