North Stanmore Mineral Resource Overview
Victory Metals announced a Mineral Resource Estimate (MRE) in August 2025, positioning North Stanmore as Australia’s largest indicated clay HREE resource. The MRE totals 320.6 million tonnes, with 5 million tonnes classified as Indicated and 144.1 million tonnes as Inferred. TREO plus Sc₂O₃ averages 510 ppm, with HREEs representing 38–39% of TREO, a globally competitive ratio.
The North Stanmore MRE underscores the project’s significance as a source of heavy rare earths, providing a robust foundation for future mining operations. Its scale and high-grade content highlight the potential to meet both domestic and international demand for strategic metals. The MRE also informs mine planning and resource development, ensuring that the richest zones are prioritized.
