Victory Metals Says Test Work Results Reduces Size, Costs of Future Plant at Western Australia Project; Shares Rise 5%
MT Newswires Live
Feb 09
Victory Metals (ASX:VTM) said that metallurgical test work results reduced the size, capital cost, and operating expenses of any future hafnium processing plant at its North Stanmore heavy rare earth, scandium, and hafnium project in Western Australia, according to a Monday filing with the Australian bourse.
Gravity separation at the project recovered 66% of the hafnium into just 3.5% of the original ore mass, rejecting 96.5% of the material, the filing said.
Shares of the company rose 5% in recent Monday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.