Victory Metals Commences Drilling at World-Class Heavy Rare Earth Project in Western Australia

Victory Metals Limited, a leading player in the critical minerals sector, has initiated a major drilling program at its North Stanmore Heavy Rare Earth Elements (HREE) Project, located in Western Australia's Cue Region. This 5,000-meter aircore drilling program aims to expand the existing Mineral Resource Estimate (MRE) and explore new high-potential targets within the project area.

The drilling program comes at a pivotal moment in the global rare earths market. China, the dominant producer of rare earths, has recently hinted at potential export restrictions, leading to a significant surge in rare earth prices. This shift has placed a spotlight on alternative suppliers, and Victory Metals is strategically positioned to capitalize on this growing demand.

The North Stanmore Project: A Promising Resource

The North Stanmore Project already boasts one of Australia's largest clay-hosted heavy rare earth deposits. This drilling program is focused on exploring areas adjacent to the existing MRE, as well as new targets located 8 kilometers to the south. The exploration efforts aim to uncover further significant REE mineralization and potentially expand the project's overall scale.

Expanding the Resource and Exploring New Targets

The aircore drilling program is designed to achieve several key objectives:

• Expanding the existing MRE: By drilling in areas adjacent to the known deposit, Victory Metals aims to increase the estimated resource size, enhancing the project's economic viability.
• Exploring new high-potential targets: The drilling will target areas identified through geological surveys and data analysis, with the potential to discover new deposits and further expand the project's footprint.
• Unlocking a Broader Potential: The exploration efforts could unveil additional REE mineralization, paving the way for a larger-scale operation and potentially increasing the project's value proposition.

Victory Metals' Strategy and Market Positioning

Victory Metals is strategically positioned to become a key player in the global supply of critical minerals, particularly HREE. The company's focus is on rapidly advancing the North Stanmore project and maximizing shareholder value by exploring the full potential of this world-class resource.

A Focus on Shareholder Value and Sustainable Growth

Victory Metals is committed to sustainable development practices and responsible mining. The company is actively pursuing regulatory approvals for its exploration and development activities, ensuring that the North Stanmore Project is developed in an environmentally and socially responsible manner.

Brendan Clark, CEO and Executive Director of Victory Metals, emphasized the significance of the drilling program: “We are thrilled to have commenced our drilling program at North Stanmore, which comes at a crucial time in the global rare earths market. With China’s recent announcement on potential REE export restrictions and the recent subsequent rise in rare earth prices, Victory Metals is uniquely positioned to become a key player in the global supply of these critical materials.”

A Look Ahead: The Future of Rare Earths and Victory Metals

The global demand for rare earths is expected to continue to grow in the coming years, driven by the increasing use of these materials in electric vehicles, wind turbines, and other clean energy technologies. Victory Metals is poised to capitalize on this growing demand by developing the North Stanmore Project and becoming a reliable supplier of HREE to the global market.

Potential for a Sustainable Future

The success of the North Stanmore Project has the potential to contribute to the development of a more sustainable future. By supplying critical minerals for clean energy technologies, Victory Metals can play a vital role in the transition to a low-carbon economy.

Victory Metals' commitment to exploration, resource growth, and responsible mining practices makes it a promising player in the emerging critical minerals sector. The North Stanmore Project, with its potential for substantial HREE deposits, could be a game-changer in the global rare earth market, contributing to the secure supply of these essential materials for a sustainable future.

The Final Word: A Potential Game Changer?

The North Stanmore Project holds the potential to become a significant source of HREE, especially as the global demand for these critical minerals continues to rise. Victory Metals' strategic focus on resource growth, exploration, and responsible development, coupled with the timing of the drilling program, sets the stage for a promising future for the company and the North Stanmore Project. As the exploration program progresses, the global community will be watching closely to see if this project can truly become a game-changer in the rare earths landscape.