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Victory Goldfields Limited ( (AU:VTM) ) has shared an update.
Victory Metals Limited has announced significant findings from its North Stanmore Heavy Rare Earth Element Project, revealing some of the highest Dysprosium grades ever reported from clay-hosted systems globally. The results, which show Dysprosium oxide levels significantly higher than average crustal abundances, underscore the strategic importance of North Stanmore as a major heavy rare earth clay deposit. This positions Victory Metals as a key player in the supply of critical materials for permanent magnets and defense technologies, offering a Western-aligned source of these valuable elements.
More about Victory Goldfields Limited
Victory Metals Limited operates in the mining industry, focusing on the exploration and development of rare earth elements. The company is particularly involved in the extraction of heavy rare earth elements such as Dysprosium and Terbium, which are crucial for global magnet and defense supply chains.
Average Trading Volume: 352,126
Technical Sentiment Signal: Buy
Current Market Cap: A$171.3M
Find detailed analytics on VTM stock on TipRanks’ Stock Analysis page.