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Victory Metals Limited (ASX:VTM)

ALERT: Price-sensitive ASX Announcement for VTM
Current share price for VTM : $1.575 0.055 (3.62%)+
Announcement
Release
17 Jun 2026 8:55AM
Price at Release
$1.520
Full Release
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Summary
Victory Metals Limited has announced a significant milestone with the commissioning of a pilot plant at its North Stanmore project, which successfully delivered a 7.1% Total Rare Earth Oxide (TREO) concentrate. The composite concentrate, produced from a continuous flotation circuit, was assayed and the results revealed a heavy rare earth oxides content of approximately 40% of the rare earth basket, anchored by premium heavy rare earths like Dysprosium, Terbium, and Yttrium. The success of this pilot plant is seen as a major step forward in simplifying rare earth processing, with the potential for a smaller, cheaper, and faster plant, offering a significant processing advantage due to its floatable mineralogy and ambient temperature recovery pathway. This positions Victory Metals as a leader in the production of heavy rare earths crucial for Western industries, with plans to provide larger samples to potential offtake partners.
Key Points
  • Victory Metals commissioned a pilot plant at North Stanmore.
  • The plant delivered a 7.1% TREO concentrate.
  • Heavy rare earth oxides constitute 40% of the rare earth basket.
  • Significant processing advantage due to floatable mineralogy.
  • Potential for a smaller, cheaper, and faster plant.
  • Plans to provide larger samples to potential offtake partners.
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.