| Announcement Date: | 2023-01-16 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Victory Metals Ltd. |
| Project name: | North Stanmore |
| Location: | Australia |
| Commodities: | Rare Earth |
| Highlight: | Drilling results incl. 16m at 2155ppm REE from 21m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Victory Metals Limited (ASX:VTM) (“Victory” or “the Company”) is pleased to report the latest assay results from the AC drill program at the Company’s North Stanmore REE project located approximately 10km north from the town of Cue, Western Australia and is bordered to the east by the Great Northern Highway. The latest assays received have confirmed a significant average Total Rare Earth Oxide (TREO) grade of 1001ppm from 1m samples and up to 5239ppm with a cut-off of 500ppm. The assays confirm a valuable Heavy Rare Earth Elements ratio of 38% HREO/TREO and critical magnet metals NdPr + DyTb ratio of 21% of total REE’s |
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