Victory Metals hits record rare earth grade at North Stanmore

Victory Goldfields Limited ( (AU:VTM) ) has provided an announcement.

Victory Metals has reported its highest total rare earth oxide intersection to date at the North Stanmore project, with a peak grade of 11,565 ppm TREO from shallow depths in a clay-hosted system. The latest aircore infill drilling, comprising 63 holes for 3,134 metres, also delivered several other strong intersections and confirmed continuity of a high-grade heavy rare earth zone over roughly one kilometre of strike.

Management said the ultrahigh grades, favourable geometry, high heavy rare earth ratios, low radioactivity and demonstrated processing advantages reinforce North Stanmore’s standing as a world-class heavy rare earth project. The tighter drill spacing is designed to upgrade parts of the resource to Measured classification after PFS studies, enhancing the project’s development pathway and its potential strategic role in securing Western supply of critical rare earths.

The most recent analyst rating on (AU:VTM) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Victory Goldfields Limited stock, see the AU:VTM Stock Forecast page.

More about Victory Goldfields Limited

Victory Metals Limited is an Australian exploration and development company focused on rare earth elements, with its flagship North Stanmore project in Western Australia. The company is targeting clay-hosted heavy rare earth deposits, aiming to become a non-Chinese supplier of critical elements such as dysprosium, terbium, yttrium, scandium and hafnium to global supply chains.

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