Victory Metals testwork cuts projected costs at North Stanmore rare earth project

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

Victory Metals has completed key metallurgical testwork inputs for the Pre-Feasibility Study on its North Stanmore Heavy Rare Earth Project, confirming major opportunities to cut both capital and operating expenditure. Optimised flotation reagent selection, ambient-temperature processing and favourable clay filtration characteristics are expected to simplify plant design and improve project economics, with the PFS remaining on schedule for completion in the second quarter of 2026.

Testing showed that an alternative flotation reagent costing about half as much as the original delivers superior metallurgical results, delivering roughly a 50% reduction in reagent costs. Additional work confirmed that heating is unnecessary, reducing energy and plant CAPEX, while the clays exhibit excellent filtration and dry stacking properties, lowering tailings storage costs and alleviating typical clay-hosted project challenges, which together strengthen the project’s economic and operational outlook.

More about Victory Goldfields Limited

Victory Metals Limited is an Australian exploration and development company focused on the North Stanmore heavy rare earth and strategic metals project in Western Australia. The company is advancing this clay-hosted rare earths asset through a Pre-Feasibility Study aimed at defining an economically robust flowsheet with competitive capital and operating costs.

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