Companies:

 

Articles:

 
Mining

Victory Metals Produces Maiden High-Grade MREO from North Stanmore Project in WA

Go to Imelda Cotton author's page
By Imelda Cotton - 
Victory Metals ASX VTM High-Grade MREO North Stanmore Project WA
Copied

Victory Metals (ASX: VTM) has produced the first mixed rare earth oxides (MREO) containing 94% total rare earth oxides (TREO) from its flagship North Stanmore project in Western Australia.

The company used a representative composite of 453 samples from across the project area to derive the result, which contained TREO values ranging from 300 parts per million to 3,587ppm, with an average of 525ppm.

Victory believes this represents the highest grade of heavy rare earth-enriched MREO so far produced by an Australian clay-hosted rare earth project.

Technical Viability

The company said production had demonstrated the technical viability of its proprietary processing flowsheet to produce a market-ready, high-value MREO product without the need for additional concentration and cracking processes.

It also confirmed that Victory had reached the most advanced downstream product stage prior to individual oxide separation and metallisation.

Chief executive officer Brendan Clark said the company expected the achievement to generate increased global offtake interest from parties seeking secure non-Chinese supply.

“This result enhances our strategic positioning in a tightening global market that has already attracted elevated offtake interest and we remain focused on partnering with groups that share our strategic vision to reshape rare earth ethical supply chains.”

Advanced Product

MREOs are an advanced intermediate product in the rare earth value chain and consist of a co-precipitated blend of elements in oxide form, representing the final processing stage prior to separation of individual rare earths and metallisation.

Victory’s MREO product contains 94% TREO and its HREO-rich composition is considered attractive to downstream offtake parties due to the scarcity, high-unit value and strategic importance of heavy rare earths in high-temperature permanent magnets and defence grade alloys.

This positions Victory as a potential supplier of high purity feedstock into the rare earth supply chain, particularly for non-Chinese processors seeking secure sources which comply with environmental, social and governance standards.