Victory Goldfields Limited (AU:VTM) has released an update.
Victory Goldfields Limited has launched a significant 5,000m aircore drilling program at its North Stanmore Heavy Rare Earth Elements Project in Western Australia, aiming to expand its already substantial mineral resource estimate and strengthen its position in the global rare earth market. The company’s exploration could potentially position it as one of the largest heavy rare earth discoveries worldwide. This strategic move is timely, considering the recent shifts in the global rare earths market, including price surges and export restrictions.
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