North Stanmore is not just another rare earth project. It stands apart because of its heavy rare earth dominance, simple mining and processing route, and strategic location.

Scoping Study (March 2025) 212 XNPV₈ post tax (52% IRR). Further optimisation driven by shorter leach times and smaller circuit requirements due to ore beneficiation is expected to deliver meaningful reductions in both CAPEX and OPEX.

Victory has defined a JORC compliant resource of 321 million tonnes This supports a mine life exceeding 60+ years based on a conservative  2.4Mtpa throughput.

The resource remains open in all directions, offering additional upside though further expansion, but this is not required for mine viability.

HREO/TREO ratios average 39% and reach up to 83% in high-grade domains, placing North Stanmore among the most heavily enriched clay-hosted deposits globally.

Average HREO/TREO of 39%, reaching up to 83% far higher than the 7–9% typical of peers.

Adjoining sealed roads, power, and township services. Located on Crown Land, within a low rainfall region suitable for year-round operations.

Further extensions expected, plus a major gold exploration opportunity across the southern tenement package situated between two 3.9 Moz operations, with an existing historic gold processing plant and tails dam. Victory has not explored this opportunity as the North Stanmore heavy rare earth project is the priority.

Victory has successfully produced all the rare earth elements restricted under China’s April 2025 export controls: Scandium, Samarium, Gadolinium, Lutetium, Yttrium, Dysprosium, and Terbium.

This capability makes Victory one of the very few non-Chinese projects globally with the potential to deliver these defense critical elements from a secure Western jurisdiction.

The project aligns directly with U.S., Japanese, and Australian critical minerals strategies and has attracted strong interest from multiple global groups seeking stable, long-term supply partnerships.

Victory offers an immediate entry point for strategic partners seeking reliable Western heavy rare earth oxide supply.

The project directly supports global efforts to diversify away from China’s control of the rare earth supply chain and meets the technical, geopolitical, and ESG standards demanded by international OEMs and defense partners.

Free dig clay deposit with no crushing or grinding. High recoveries, very low levels of radioactive elements, and proven oxide production.

Curtin University has expressed formal interest in co-developing a pilot plant for large scale oxide production, offering to contribute millions-of-dollars worth of specialist equipment. Victory already holds a significant amount of ore feedstock (many hundreds of tonnes) required for pilot operations.

Scandium, Hafnium confirmed as valuable by-products.