Victory Metals (ASX:VTM) has identified multiple ultra-high heavy rare earth oxide zones at its North Stanmore project in Western Australia, according to a Monday Australian bourse filing.

The company added that it has identified 26 high-value zones with grades of up to 10,179 parts per million and heavy rare earth element ratios of up to 80%, the majority of which are situated within the indicated resource, and each is designed to target high-grade heavy rare earth element zones.

The company said its advancing pre-feasibility study will incorporate the high-value zones for the initial 10-year mine life.

The company expects to deliver equivalent oxide output to the market with only processing 30% material compared to the previously considered throughput, reducing both capital and operational expenditure.