Victory Metals (ASX:VTM) announced a transformative leap in its pursuit of becoming a key player in the critical minerals sector, reporting "exceptional" metallurgical leaching results from its North Stanmore Heavy Rare Earth Project in Western Australia.
The technical breakthrough follows a highly successful flotation program that achieved a staggering 48x upgrade in concentrate, reaching a 5.9% total rare earth oxide grade.
By efficiently rejecting approximately 95% of the feed mass into tailings, the company has streamlined the downstream processing requirements, which is expected to provide a substantial boost to the project's overall economic viability.
The subsequent leaching phase, conducted under standard agitated leach tank conditions, delivered high-performance results with extraction rates exceeding 70% for high-value heavy rare earths.
The process targeted dysprosium, terbium, and yttrium, elements that are essential for the production of high-strength permanent magnets used in electric vehicles and wind turbines.
The results represent a de-risking of the North Stanmore Project, proving that the mineralisation is highly amenable to conventional processing methods.
At the time of reporting, Victory Metals’ share price was $1.50.