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Victory Metals Limited (ASX:VTM)

ALERT: Price-sensitive ASX Announcement for VTM
Current share price for VTM : $1.465 -0.015 (-1.01%)+
Announcement
Release
4 Aug 2026 4:17PM
Price at Release
$1.480
Full Release
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Summary
Victory Metals Limited has released an updated announcement confirming the globally significant presence of secondary phosphate heavy and magnet rare earths at its North Stanmore Heavy Rare Earth Project in Western Australia. The TESCAN Integrated Mineral Analyser (TIMA) characterization revealed that the mineral concentrate consists of 5.93% secondary rare earth phosphate groups, primarily churchite and rhabdophane, which are key hosts for critical rare earth elements like dysprosium, terbium, neodymium, and praseodymium. The study highlights the strategic significance of this project due to its unique dual host mineralogy and the potential for processing differentiation, as the rare earth value is predominantly associated with naturally weathered phosphate groups rather than primary minerals requiring extensive processing. This update includes necessary JORC Code Table 1 information as per ASX Listing Rules.
Key Points
  • Victory Metals Limited releases updated report on North Stanmore Project.
  • Secondary rare earth phosphate groups comprise 5.93% of the concentrate.
  • Key elements include dysprosium, terbium, neodymium, and praseodymium.
  • TIMA characterization results confirm significant mineral presence.
  • Project holds strategic significance due to unique mineralogy.
  • Potential processing differentiation due to natural weathering.
  • Compliance with ASX Listing Rules with JORC Code information.
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.