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Victory Metals Limited (ASX:VTM)

ALERT: Price-sensitive ASX Announcement for VTM
Current share price for VTM : $1.430 -0.125 (-8.04%)+
Announcement
Release
9 Jul 2026 9:04AM
Price at Release
$1.555
Full Release
download
Summary
Victory Metals Limited (ASX:VTM) has announced the successful operation of its flotation pilot plant in Perth, Western Australia, which has been consistently producing heavy rare earth enriched concentrate. The company has begun dispatching this concentrate to potential offtake partners in Australia, Japan, and the United States for independent examination, a necessary step towards securing offtake agreements. The concentrate is noted for its premium content of Dysprosium, Terbium, and Yttrium, which are critical to Western supply chains. Additionally, a pre-feasibility study update on the North Stanmore Project revealed a reclassification of materials, indicating a significant amount of additional saprolite available for inclusion in the ore reserve. This adjustment is expected to enhance the economic prospects of the project. The completion of the PFS is rescheduled to August 2026 to incorporate these findings.
Key Points
  • Pilot plant in Perth operating successfully, producing heavy rare earth concentrate.
  • Heavy rare earth concentrate dispatched to potential partners in Australia, Japan, and the USA.
  • Independent examination of the concentrate is key for securing offtake agreements.
  • Concentrate contains high levels of Dysprosium, Terbium, and Yttrium.
  • Pre-feasibility study update shows more saprolite available for ore reserve inclusion.
  • Completion of the PFS moved to August 2026 for economic enhancement.
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.