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Victory Metals Limited (ASX:VTM)

ALERT: Price-sensitive ASX Announcement for VTM
Current share price for VTM : $1.490 -0.26 (-14.86%)+
Announcement
Release
28 Apr 2026 9:13AM
Price at Release
$1.750
Full Release
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Summary
Victory Metals Limited has achieved significant results in separating heavy rare earth elements (HREE) from light rare earth elements (LREE) using a Heavy Liquid Separation (HLS) technique. The testing revealed a 72% HREO:TREO ratio in the pre-concentrate, primarily from the coarse fraction of samples. This development positions Victory Metals as a potential leader in a non-Chinese supply chain for strategic and defense metals, including heavy rare earths. Additionally, a second Zircon Hafnium product has been identified in the finer fractions, suggesting further product opportunities. The company's North Stanmore Project is highlighted with substantial mineral resource estimates, and there is potential for byproduct recovery of Scandium and Gallium. Victory Metals continues to focus on these strategic minerals, supported by ongoing metallurgical and geological studies.
Key Points
  • HREE/LREE separation achieved using Heavy Liquid Separation (HLS) technique
  • 72% HREO:TREO ratio achieved in pre-concentrate testing
  • High-grade HREE pre-concentrate identified in coarse fraction
  • Potential non-Chinese supply chain for heavy rare earths and strategic metals
  • Second Zircon Hafnium product identified in finer fractions
  • Significant mineral resource estimates for the North Stanmore Project
  • Potential for Scandium and Gallium as byproducts
  • Ongoing focus on strategic defense metals production
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.