Victory Metals Reports Major Resource Upgrade at North Stanmore Rare Earth Project, WA
Victory Metals Limited has announced a significant resource upgrade at its North Stanmore heavy rare earth elements project in Western Australia, achieving a near 50-times increase in the rare earth ratio. The company has developed a new extraction method allowing for a low-cost beneficiation process, enabling the rejection of approximately 95% of the ore mass. The project has a resource of over 320 million tonnes, with heavy rare earth elements crucial for clean energy and defense technologies.
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Victory Metals Limited has upgraded its North Stanmore heavy rare earth elements project in Western Australia, reporting a nearly 50-fold increase in the rare earth ratio. The new extraction method allows a low-cost physical beneficiation process, rejecting about 95% of the ore mass and enhancing the project's market competitiveness.
Tests achieved a total rare earth oxide head grade of 1,251 ppm, concentrating to 5.9%. The North Stanmore resource exceeds 320 million tonnes, with heavy rare earth elements like dysprosium and terbium essential for clean energy and defense technologies. The project is gaining international attention due to rising demand for secure supply chains outside China.
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