{"id":9615,"date":"2024-05-14T02:46:55","date_gmt":"2024-05-14T02:46:55","guid":{"rendered":"https:\/\/economicherald.net\/?p=9615"},"modified":"2024-05-14T02:46:55","modified_gmt":"2024-05-14T02:46:55","slug":"victory-metals-achieves-un-paralleled-ratios-of-magnet-rare-earth-elements-at-north-stanmore","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=9615","title":{"rendered":"Victory Metals achieves \u2018un-paralleled\u2019 ratios of magnet rare earth elements at North Stanmore"},"content":{"rendered":"<p>Testwork on North Stanmore project has demonstrated outstanding recoveries of 93% for high value magnet rare earths<br \/>\nMetallurgical results also confirmed high recoveries of scandium (50% Sc2O3) which is a rare, versatile and valuable metal<br \/>\nNorth Stanmore now advances to project study phase with a scoping study set to kick off<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special report:<\/em> Testwork at Victory Metals\u2019 North Stanmore project has demonstrated \u2018outstanding\u2019 recoveries of 93% for high value magnet rare earths.<\/strong><\/p>\n<p>Recent exploration at <a href=\"https:\/\/stockhead.com.au\/company\/victory-metals-vtm\/\">Victory Metals (ASX:VTM)<\/a> North Stanmore project centred on proving up the high concentrations of dysprosium and terbium via infill drilling.<\/p>\n<p>The project, which already hosts a whopping 250Mt resource, has turned up ratios of 7.75% dysprosium-terbium with a combined value 900% higher than the most valuable light rare earths.<\/p>\n<p>Using a simple physical screen carried out by Core Resources, VTM has discovered it can deliver a 63% increase in TREO grade to 1,526ppm across all samples.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Leach test work results <\/strong><\/h2>\n<p>Results from recent leach test work on beneficiated samples from North Stanmore have returned increased recoveries for an ionic regolith clay rare earth project of 93% for critical magnet metals praseodymium, neodymium, dysprosium, and terbium.<\/p>\n<p>Core conducted diagnostic metallurgical testing on a composite blend of the beneficiated samples which had a head grade of 1283 ppm total rare earth oxide (TREO), which was sourced from 23 samples and 13 drill holes.<\/p>\n<p>The initial atmospheric leach test work program was trialled at elevated temperatures and variable leaching conditions compared to previous work.<\/p>\n<p>These test conditions yielded recoveries of 94% praseodymium, 94% neodymium, 92% dysprosium, and 91% terbium with a combined recovery of 93% magnet rare earth elements (MREE).<\/p>\n<p>Scandium recoveries of up to 50% were also achieved.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Upgraded resource and scoping study to come <\/strong><\/h2>\n<p>\u201cI am immensely proud of our team\u2019s achievements in positioning the North Stanmore rare earth discovery as a leading Australian critical mineral project,\u201d VTM CEO and executive director Brendan Clark says.<\/p>\n<p>\u201cWe eagerly anticipate upcoming milestones, including an upgraded resource and scoping study, which will further demonstrate the project\u2019s viability.<\/p>\n<p>\u201cWith its unparalleled ratios of critical heavy rare earth elements and associated by-products, such as scandium, copper, cobalt, and nickel, North Stanmore holds immense promise for the future.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Upcoming work <\/strong><\/h2>\n<p>Victory will conduct further metallurgical test work to recover these by-products, along with Scandium Oxide (Sc2O3).<\/p>\n<p>The company is looking to share the results of this MREC test product with potential off take partners and will conduct further metallurgical leach tests on the -53-micron beneficiated material and +53 micron reject material.<\/p>\n<p>This follow-up program will be structured to confirm the ultimate optimised leaching conditions.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Victory Metals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/victory-metals-achieves-un-paralleled-ratios-of-magnet-rare-earth-elements-at-north-stanmore\/\">Victory Metals achieves \u2018un-paralleled\u2019 ratios of magnet rare earth elements at North Stanmore<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Testwork on North Stanmore project has demonstrated outstanding recoveries of 93% for high value magnet rare earths Metallurgical results also confirmed high recoveries of scandium <a href=\"https:\/\/economicherald.net\/?p=9615\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":9616,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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