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ASX:VTM

8 stories mentioning ASX:VTMUpdated 4d ago

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Asia

Victory Metals Says Analysis Showed Secondary Rare Earth Phosphate Groups at Western Australia Project

Victory Metals (ASX:VTM) said the Tescan integrated mineral analyzer characterization of mineral concentrate produced from its North Stanmore heavy rare earth project in Western Australia classified 5.9 mass percent of the analyzed concentrate as secondary rare earth phosphate groups, according to a Thursday Australian bourse filing.Indicative deportment results showed that these secondary phosphate groups hosted the heavy rare earth elements dysprosium and terbium, as well as the magnet rare earth elements neodymium and praseodymium.The study was carried out by ALS Metallurgy on a mineral concentrate produced using a composite of 33 samples from 18 drill hole locations, the company said.

ASX:VTM
Asia

Victory Metals Reports Cash Position Decline in June Quarter

Victory Metals (ASX:VTM) ended the June quarter with available cash of about AU$11.2 million, according to a Friday filing with the Australian bourse.The company had available cash of about AU$12.6 million as of March 31, a previous filing showed.During the June quarter, Victory Metals incurred exploration expenditure of about AU$1 million, primarily related to exploration and metallurgical activities at its North Stanmore rare earth elements project in Western Australia.The company's shares fell 2% in recent Friday trade.

ASX:VTM
Asia

Victory Metals Ships Heavy Rare Earth Concentrate to Potential Offtake Partners, Updates North Stanmore PFS

Victory Metals (ASX:VTM) said its flotation pilot plant in Western Australia continues to produce heavy rare earth-enriched concentrate under continuous operating conditions, and has started dispatching concentrate to potential offtake partners in Australia, Japan, and the US for independent product examination, according to a Thursday Australian bourse filing.The company said that during pilot plant operations and a concurrent review of geological data, it identified that a substantial volume of material at its North Stanmore project previously logged as saprock is in fact saprolite.The correction of this classification means a substantial volume of additional saprolite may now be included in the ore reserve pre-feasibility study (PFS), the filing added.Its inclusion is expected to provide additional economic benefits to the project, including the potential to support an expanded ore reserve, per the filing.The company's shares rose 2% in recent Thursday trade.

ASX:VTM
Asia

Victory Metals Secures AU$350,000 Grant From Federal-Backed Program

Victory Metals (ASX:VTM) secured AU$350,000 in non-dilutive funding under the Federal Government-backed Resources Technology and Critical Minerals Trailblazer program, according to a Wednesday Australian bourse filing.The two-year grant will fund development of the company's rare earth processing flowsheet, with Curtin researchers working alongside to optimize recovery of high-value heavy rare earths, including dysprosium, terbium and yttrium, at its North Stanmore Project in Western Australia, the filing added.The company's shares were down nearly 2% in recent Wednesday trade.

ASX:VTM
Asia

Victory Metals Says Western Australia Project Pilot Plant Delivers Around 7.1% TREO Concentrate

Victory Metals (ASX:VTM) said the pilot plant at its North Stanmore project in Western Australia delivered an around 7.1% grade of total rare earth oxide (TREO) concentrate from a feed grade of 1,195 parts-per-million (ppm) comprising 40% heavy rare earth oxides (HREO), according to a Wednesday Australian bourse filing.The concentrate includes 2,777 ppm of dysprosium oxide, 479 ppm of terbium oxide, and 1.77% by weight of yttrium oxide.The flotation feed was prepared as a composite of 65 one-meter samples collected between 14 meters and 58 meters downhole from 25 drill holes across the North Stanmore deposit.The result was achieved in a continuously fed circuit operating at around 12 times the scale of previous flotation test work on North Stanmore ore. Victory will move to produce larger volumes of its heavy rare earth-enriched concentrate for supply to potential offtake partners.Its shares rose 2% in recent trading on Wednesday.

ASX:VTM
Asia

Victory Metals Signs Agreement With Wajarri Yamaji for Western Australia Mining Project

Victory Metals (ASX:VTM) has signed an agreement with the Wajarri Yamaji Aboriginal Corporation (WYAC) to support the granting of a mining license for its North Stanmore project in Western Australia, securing traditional owner consent and land access arrangements, according to a Wednesday Australian bourse filing.The company said the agreement is a key step in the native title process to help secure a mining license grant for North Stanmore, advancing the project alongside the advancing pre-feasibility study and the previously disclosed $190 million Export-Import Bank letter of intent.

ASX:VTM
Asia

Victory Metals Joins US Defense Consortium

Victory Metals (ASX:VTM) has been approved as a member of the US Defense Industrial Base Consortium (DIBC), integrating the company into the American defense procurement network, according to a Monday filing with the Australian bourse.The DIBC membership is designed to provide access to US Department of Defense funding programs, prime contractors, and downstream critical mineral processors, per the filing.The company said this strengthens North Stanmore's role as a Western-aligned source of heavy rare earths and strategic minerals, including those subject to Chinese export controls, and supports its strategy of US-linked critical minerals partnerships, the filing added.

ASX:VTM
Asia

Victory Metals Finalizes Test Work Inputs for Western Australia Project Pre-Feasibility Study; Shares Down 3%

Victory Metals (ASX:VTM) finalized key metallurgical test work inputs for its pre-feasibility study on the North Stanmore project in Western Australia, delivering capital and operating expenditure reduction opportunities, according to a Monday filing with the Australian bourse.The study is on track for delivery in the second quarter, the filing said.Shares fell 3% in midday trade on Monday.

ASX:VTM

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