Victory Metals (ASX: $VTM) announces exceptional recoveries at North Stanmore Project

Victory Metals Limited (ASX: $VTM) has announced outstanding recoveries of 93% for critical magnet metals Praseodymium (Pr), Neodymium (Nd), Terbium (Tb), and Dysprosium (Dy) at the North Stanmore Project in WA. The leach test work program sourced from 13 drill holes has positioned the project as a leading Australian critical mineral project, with the commencement of a Scoping Study.

Executive commentary on North Stanmore rare earth project

I am immensely proud of our team's achievements in positioning the North Stanmore rare earth discovery as a leading Australian critical mineral project. Our project continues to deliver exceptional results, offering commercial advantages that potentially exceed hard rock deposits. We eagerly anticipate upcoming milestones, including an upgraded resource and scoping study, which will further demonstrate the project's viability. With its unparalleled ratios of critical heavy rare earth elements and associated by-products, such as Scandium, Copper, Cobalt, and Nickel, North Stanmore holds immense promise for the future. We are very pleased with the rapid advancement of the North Stanmore Project and its potential to make significant contributions to the growing rare earth and critical supply chain.

Summary of North Stanmore Project announcement

Victory Metals Limited (ASX: $VTM) has achieved outstanding recoveries of 93% for critical magnet metals Praseodymium (Pr), Neodymium (Nd), Terbium (Tb), and Dysprosium (Dy) at the North Stanmore Project in WA. The project has advanced to the project study phase with the commencement of a Scoping Study. The results also confirmed high recoveries of Scandium, a rare and valuable metal used in the manufacturing of military and civilian aircraft. Victory Metals plans to conduct further metallurgical test work to recover valuable by-products and share the results with potential off-take partners. The company's CEO and Executive Director, Brendan Clark, expressed immense pride in the team's achievements and highlighted the project's potential to make significant contributions to the rare earth and critical supply chain.