Victory Metals has obtained heritage site clearance covering approximately 1,000 acres adjoining its flagship North Stanmore project in Western Australia.
The recently cleared area is highly prospective for significant resource upgrade as it sits within the heavy rare earths mineralised trend.
Victory said the site was previously registered with inaccurate information, limiting the company’s previous exploration drilling of the North Stanmore alkaline intrusion.
Victory collaborated with the Wajarri Yamaji group, the Traditional Owners of the site, to confirm that the site has no heritage values.
The Western Australian Department of Planning, Lands and Heritage (DPLH) has been formally notified to remove the registration under the direction of the Wajarri Yamaji group.
Victory CEO Brendan Clark said: “This is a pivotal step forward as we work toward establishing North Stanmore as a long term, strategic Western supplier of critical heavy rare earths, dysprosium, terbium, scandium, gallium and other high value metals.
“We remain fully committed to cultural respect, sustainable development, and strong relationships with Traditional Owners. I extend my sincere thanks to the Wajarri Yamaji group for their cooperation, cultural expertise, and partnership throughout the heritage survey and resolution process.”
The accurate heritage site, known as Maffeking Bore, is located on the western side of the Victory deposit, an area that contains far lower rare earth element grades.
Victory’s North Stanmore project has a mineral resource estimate of 320.6 million tonnes, positioning the project as Australia’s largest indicated clay heavy rare earth resource.
The clearance now opens new exploration opportunities with the potential to substantially expand the high-grade heavy rare earth footprint, targeting heavy rare earth enriched zones with ratios averaging 39 per cent and reaching up to 83 per cent.
The company will plan a drill program surrounding the alkaline intrusion and will provide further updates once drilling commences.
