VTM - Victory Metals

[System]

Victory Goldfields has systematically built a portfolio of assets in the Cue goldfields comprising of forty-six (46) tenements and a further seven (7) tenement applications. Cue is located in the mid-west region of Western Australia, 665 kilometres north-east from Perth. The Cue goldfields are regarded as one of the most prestigious mining districts of Western Australia with a long and successful history of gold exploration and production.

The Company's strategy is to undertake best practice exploration and development of the Cue goldfields tenements so that they can become Joint Ore Reserve Committee 2012 (“JORC”) Mineral Resources and ore reserves. Leveraging its land holding position, Victory also aims to acquire additional gold opportunities within the Cue goldfields district, either through joint venture or tenement acquisition.

In addition to the above strategy, the Company plans to:

• focus on mineral exploration or resource development opportunities that have the potential to deliver value for Shareholders;
• consider investment through acquisition or in joint ventures in other regions that have a strategic fit; and
• operate in a sustainable and ethical manner for the benefit of all stakeholders.

The Company's prospects have sufficient historical mining and exploration combined with recent geochemical work to have well developed plans to undertake exploration programmes including the reverse circulation and diamond drilling of three (3) priority targets, reverse circulation drilling of a further six (6) prospects and a regional auger drilling programme.

It is anticipated that 1VG will list on the ASX during July 2021.

Victory Metals (ASX:VTM) Copy - Victory Metals

Victory Metals (ASX:VTM) is focused upon the exploration and development of its Rare Earth Element (REE) and Scandium Discovery in the Cue Region of Western Australia.

www.victorygoldfields.com.au

 

[Dona Ferentes]

Listing date	14 July 2021 11:30 AM AEST ##
Company contact details	https://www.victorygold.com.au/ Ph: +61 418 958 213
Principal Activities	Mining exploration
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	1VG
Capital to be Raised	$5,000,000
Expected offer close date	28 June 2021
Underwriter	Not underwritten. Canaccord Genuity (Australia) Limited and Foster Stockbroking Pty Limited (Joint Lead Managers)

 

[Dona Ferentes]

Listed today, opened at 1pm, and at 25c ... let's see if it holds

 

[frugal.rock]

Victory gold or is it rare earths now?
Highest gold intersection 0.5g/t with a note.
Not held. Not interested, yet.
Just a quick thread update.

 

[Dona Ferentes]

Victory gold or is it rare earths now?
Highest gold intersection 0.5g/t

Seems like the ancient landforms of WA throw off RE elements across the Craton. Whether any or all of them are commercial remains to be seen... Ditto HPA.

Follow up assays of initially reported significant anomalous values of Ytttrium (Y) at the 100% owned Mafeking and North Stanmore projects, situated approximately 15kms from Cue township.

Fusion-ICPMS assays for Rare Earth Element and Yttrium from 25 air core 4m composite samples report high concentrations of Total Rare Earth Oxide that exhibit a high ratio of Heavy Rare Earth Oxides and Gold:

• Average (HREO) of 419ppm
• Average (TREO) of 1020ppm
• Highest (TREO) concentration of 3872ppm
• Intersections up to 16m and remain open
• Current strike length over 1km and a width of 200m that remains open
• Results indicate a High HREO/TREO ratio of 40%.

(DNH)

 

[Dona Ferentes]

Victory gold or is it rare earths now?

Tenements in WA are a ticket in the sweepstakes, it seems. from Stockhead:

Victory says its ionic clay rare earths discovery at North Stanmore is “developing into a project of significant scale”.

The stock listed mid-2021 with a collection of 52 historic gold mines in the Cue region of WA, but soon diversified into lithium, IOCG (iron oxide copper gold) and rare earths exploration. It completed the pivot to ‘mostly rare earths explorer’ after announcing a ‘high value critical rare earth element discovery’ at North Stanmore (also near Cue) in July this year.

New assay results from a recently completed 118-hole AC drill program confirm REE paydirt ~4km from this initial discovery. Notable hits include 16m at 2155ppm TREO from 21m, including:

• 6m at 4683ppm TREO,
• 2m at 9681ppm TREO, and
• 1m at 9746ppm TREO from 21m.

The mineralisation tested so far also includes a high proportion of heavy REEs (34%) which are up to 350% more valuable that light REEs, the company says. The deposit remains open in all directions. A new 10,000m drilling program will kick off “immediately”.

1VG exec director Brendan Clark says:

“It is a very exciting time for the company with the continuation of our rare earth element discovery at North Stanmore that is developing into a project of significant scale.”

“Rare earth element grades and critical metal ratios at this level, potentially make the discovery one of the most valuable ionic clay hosted rare earth systems compared to our peers based on our high basket price."

 

[System]

On November 24th, 2022, Victory Goldfields Limited (1VG) changed its name and ASX code to Victory Metals Limited (VTM).

 

[Dona Ferentes]

On November 24th, 2022, Victory Goldfields Limited (1VG) changed its name and ASX code to Victory Metals Limited (VTM).

and holding the gains .... Being a goldie is so passé, now REE or lithium can be kicked over.

 

[Dona Ferentes]