Victory Goldfields Limited ( (AU:VTM) ) has shared an update.
Victory Metals Ltd has completed a Scoping Study for its North Stanmore Rare Earth Project in Western Australia, highlighting its potential as a significant source of heavy rare earths and scandium. The study indicates strong economic viability with a Net Present Value exceeding AUD $1,212 million and a high internal rate of return, positioning the project as a strategic asset in the global market. The company has also entered into a non-binding MOU with Sumitomo Corporation for a potential offtake agreement, marking a key step towards production and further development.
More about Victory Goldfields Limited
Victory Metals Ltd is a company operating in the mining industry, focusing on the extraction and supply of heavy rare earth elements and scandium. The company is involved in the development of the North Stanmore Rare Earth Project in Western Australia, which aims to provide critical minerals for high-growth sectors such as renewable energy, electric vehicles, and defense.
YTD Price Performance: 8.75%
Average Trading Volume: 138,510
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$47.2M
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