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The latest update is out from Victory Goldfields Limited ( (AU:VTM) ).
Victory Metals Limited announced a significant upgrade to the Mineral Resource Estimate for its North Stanmore Heavy Rare Earth Elements Project in Western Australia. The update has increased the resource to 247.5 million tonnes, with 71% now classified as Indicated, bolstering the project’s status as one of the largest clay-hosted heavy rare earth deposits globally. The upgrade also includes an expanded high-grade zone and an increased scandium resource, enhancing the project’s strategic position in the heavy rare earth sector. The updated resource will inform an upcoming Scoping Study, which will assess the project’s economic and technical viability, underscoring its potential value in the clean energy and defense markets.
More about Victory Goldfields Limited
Victory Metals Limited operates in the mining industry, focusing on rare earth elements, particularly heavy rare earth elements (HREE). The company is involved in the exploration and development of clay-hosted deposits in Western Australia, with an emphasis on ethically sourcing high-value critical minerals for the global clean energy and defense sectors.
YTD Price Performance: -7.50%
Average Trading Volume: 189,028
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$40.15M
For detailed information about VTM stock, go to TipRanks’ Stock Analysis page.
