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Victory Goldfields Limited ( (AU:VTM) ) has issued an update.
Victory Metals has reported breakthrough metallurgical results at its North Stanmore heavy rare earths project, with new kinetic leach tests showing about 80% of rare earths can be leached in just 30 minutes, compared with the four-hour assumption used in its Scoping Study. The sharply reduced leach time points to a smaller leach circuit, lower reagent consumption and improved process efficiency, which are expected to translate into lower capital and operating costs. Additional beneficiation work using simple -10.8 μm cyclosizing has delivered significant grade increases in high-value elements terbium, dysprosium and scandium without the need for complex reagents or costly circuits, materially enhancing the project’s critical mineral profile. The company has also advanced permitting and commercial positioning, completing comprehensive environmental baseline studies and signing a letter of intent with Sumitomo Corporation to progress offtake and broader strategic cooperation, while bolstering its geopolitical engagement capabilities through the appointment of former senior U.S. White House official Emma Doyle as Senior Advisor for U.S. Strategic Engagement, collectively strengthening North Stanmore’s pathway toward development and global market relevance.
The most recent analyst rating on (AU:VTM) stock is a Hold with a A$1.00 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, listed on the ASX, is an Australian rare earths company focused on developing the North Stanmore heavy rare earth elements project in Western Australia. The project targets critical minerals such as dysprosium, terbium, yttrium and scandium, which are vital for high-growth sectors including renewable energy, electric vehicles and defence, and are increasingly subject to export constraints from China. Operating in a Tier-1 mining jurisdiction backed by significant federal and state critical minerals support, the company is positioning North Stanmore as a potential long-term, low-cost supplier to global markets.
Average Trading Volume: 306,383
Technical Sentiment Signal: Buy
Current Market Cap: A$156.1M
For an in-depth examination of VTM stock, go to TipRanks’ Overview page.