en.Wedoany.com Reported - Victory Metals has made significant progress in the Pre-Feasibility Study (PFS) for its North Stanmore heavy rare earth project in Australia, confirming key technology parameters that are expected to substantially reduce capital and operating costs. These improvements are designed to enhance the project's economic viability.
The final metallurgical test work has been completed, with results highlighting three major improvements: flotation reagent selection, processing temperature, and clay handling. The optimization measures are expected to simplify operations and improve the overall efficiency of the heavy rare earth project.
One of the most significant outcomes is a 50% reduction in flotation reagent costs, achieved by switching to more effective and lower-cost alternatives. The process is equally effective at ambient temperature, eliminating the need for heating infrastructure, thereby simplifying plant design and reducing upfront capital expenditure and ongoing energy-related operating costs.
Victory also reported strong results from clay filtration and dry stacking, addressing typical technical challenges in clay-hosted rare earth deposits. The improved filtration performance is expected to lower tailings management costs and further reduce capital expenditure requirements.
Victory Metals CEO Brendan Clark stated: "We are extremely pleased with these final test results. By identifying a reagent that performs better and costs less, confirming that ambient temperature processing is equally effective, and demonstrating that our clays have excellent filtration characteristics, we have simplified the entire process flowsheet."
The PFS remains on schedule for completion in the second quarter of 2026. Victory believes that, amid growing global demand for critical minerals used in clean energy and advanced technologies, the latest results position the North Stanmore heavy rare earth project as a more competitive and efficient rare earth development project.
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