---
title: "Victory Metals Achieves 5.9% TREO Concentrate in Major Flotation Upgrade"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277533194.md"
description: "Victory Metals has achieved a significant upgrade in Total Rare Earth Oxide (TREO) concentrate grade at its North Stanmore project, reaching 5.9% TREO, a 48x increase from the initial grade. The flotation process demonstrated high recovery rates and rejected over 95% of the ore mass, indicating a more capital-efficient production route. The concentrate also features a favorable heavy rare earth oxide ratio of 38%. The company plans to release a Pre-Feasibility Study (PFS) in Q2 2026, which will provide further insights into projected cost reductions and market strategies."
datetime: "2026-03-02T23:33:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277533194.md)
  - [en](https://longbridge.com/en/news/277533194.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277533194.md)
generator: "portal-rs"
---

# Victory Metals Achieves 5.9% TREO Concentrate in Major Flotation Upgrade

Victory Metals has announced a major upgrade in Total Rare Earth Oxide (**TREO**) concentrate grade at its **North Stanmore** project.

First-pass sighter flotation has delivered a peak concentrate grade of **5.9% TREO**, a substantial **48x** increase from the initial **1,251 ppm** head grade to **59,467 ppm**.

The processing achieved an **81.5%** rougher recovery and an **83.6%** cleaner stage recovery for **TREO**.

Notably, the flotation circuit is simple and does not require front-end desliming.

It also successfully rejected over **95%** of the ore mass upstream, with a planned flotation throughput of approximately **5 tph**.

This development potentially paves a lower-cost, higher-grade path to market for the company's rare earth elements.

**Enhanced Heavy REE Profile**

The concentrate achieved a critical heavy rare earth oxide (**HREO**) to **TREO** ratio of **38%**.

This ratio supports a premium heavy rare earth basket, including elements like dysprosium, terbium, and yttrium.

Importantly, more than **99%** of yttrium, along with other heavy **REEs**, is hosted in discrete secondary phosphates, specifically **rhabdophane** and **churchite**.

The ability to reject over **95%** of the ore mass upstream represents a significant gain in capital efficiency.

This substantial reduction in material processing enables a considerably smaller plant size, which is expected to lead to lower **CAPEX** and **OPEX** for the upcoming Pre-Feasibility Study (**PFS**).

Victory Metals is targeting the release of the **PFS** in **Q2 2026**.

**Outlook Positive Pending PFS**

Victory Metals' latest flotation results signal a promising, potentially more capital-efficient production route for its **North Stanmore** project.

This is evidenced by a significant **TREO** grade upgrade and substantial ore mass rejection.

Investors will look to the **Q2 2026 PFS** for confirmation of these projected **CAPEX/OPEX** reductions and an accelerated path to market.

### Related Stocks

- [VML.AU](https://longbridge.com/en/quote/VML.AU.md)

## Related News & Research

- [Trump Wants Beef Prices to Come Down, But GOP Congressman Warns Washington's Import Push Could Pull the ‘Rug Out’ From Ranchers](https://longbridge.com/en/news/297776718.md)
- [PRECIOUS-Gold hits over two-week low, US jobs data in focus](https://longbridge.com/en/news/297713002.md)
- [Broadcom Q3 Preview: Nvidia Record Results Bring Added Pressure — ‘Has to Prove’](https://longbridge.com/en/news/297684947.md)
- [NIO CEO William Li Touts ‘iPhone-Like’ Firefly Strategy as EV Maker Plots New Tech Upgrades, Battery Swapping for Robotaxis](https://longbridge.com/en/news/297760174.md)
- [Berkshire Hathaway Just Sold 3 Bank Stocks. Here’s Why Investors Should Take Notice](https://longbridge.com/en/news/297771081.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**