High-Value Rare Earth Deposit: North Stanmore REE Project

Victory Metals Limited (ASX:VTM) has announced the initial Inferred Mineral Resource Estimate at the North Stanmore Rare Earth Element Project in Cue, Western Australia, confirming it as a high-value large-scale rare earth deposit. The estimate reveals an Inferred Mineral Resource of 250 million tonnes (Mt) at 520 parts per million (ppm) Total Rare Earth Oxide (TREYO), containing 130,000 tonnes of TREYO. Notably, the deposit is enriched in heavy rare earth oxide (HREO), accounting for 33% of TREYO, making it one of Australia's most enriched HREO deposits. Moreover, the deposit includes 54% critical metals identified by the US Government in 2022.

The mineral resource estimate covers only 18% of the drilled area within the confirmed rare earth element mineralization, indicating further potential for expansion. Victory Metals' CEO, Brendan Clark, expressed pride in reporting one of Australia's largest heavy rare earth enriched ionic clay/regolith deposits and highlighted the potential to increase market-leading results through infill drilling. The project's outstanding grades of heavy rare earth elements, including Dysprosium and Terbium, which are predicted to face a supply deficit, are expected to create favorable market conditions for Victory. The company aims to leverage this mineral resource estimate to drive growth and value for shareholders.

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