Western Australian Light Rare Earths
Indicated and inferred REE resource – mineralisation remaining open in all directions. It’s the largest indicated resource of all Australian heavy REE-dominant deposits.
Victory a key non-Chinese Supply Chain option of Light Rare Earths
Neodymium’s primary uses include creating powerful permanent magnets for electric motors, wind turbines, and hard drives, and for manufacturing lasers used in medical procedures and industrial cutting.
- China imposed export controls (4 April 2025) on key Heavy Rare Earths Gadolinium Terbium, Dysprosium, Lutetium & Yttrium and Light Rare Earths Samarium, in addition to strategic mineral Scandium.
- Escalating geopolitical tensions reinforce the urgent need for secure, Western-aligned ethically sourced supply chains for critical and strategic minerals, particularly Heavy Rare Earths.
- Permanent magnets
- Wind turbines
- Alloys for aircraft engines
- Lighting and projection
- Permanent magnets
- Lasers
- Wind turbines
- Semiconductors
Required Rare Earths in Defence to Safeguard the Western World Sovereign Defence
Heavy Rare Earth enriched MREC, MREO & MREO products produced from bulk non bias composite samples from across North Stanmore
Victory Metals MREO contains a high proportion of high value and DyTb as well as NdPr
MREC contains additional high concentrations of critical metal by-products nickel, cobalt and copper
Low levels of gangue material detected in MREC, 99% of all undesirable elements removed using a low-cost method