Victory Metals Limited has advanced its flagship North Stanmore Project with an updated Mineral Resource Estimate. The new figures indicate that the project now hosts roughly 320.6 million tonnes of rare-earth-bearing material with an average grade of about 510 parts per million for a combined measure of total rare earth oxides plus scandium. The estimate confirms that approximately 55% of the resource is categorized as Indicated while 45% falls into the Inferred category, reflecting a more robust understanding of the deposit’s continuity and grade. The technical review involved an extensive drilling campaign—over 830 holes totalling more than 45,000 metres—with results that have been rigorously validated using multiple analytical methods, including handheld XRF assessments, laboratory assays, and geostatistical modeling through ordinary kriging. The report details numerous drillhole intersections and sample analyses that underscore a consistent presence of high-grade mineralization. Comparisons with previous estimates reveal that while the Indicated tonnage has remained steady, the Inferred component has grown significantly, even as overall grades experienced only a modest change. In addition, metallurgical test work on composite samples has achieved promising recoveries for critical heavy rare earth elements, such as Dysprosium and Terbium, alongside by-product recoveries for elements like Scandium and Gallium. These findings support the prospect of viable, low-cost open pit mining, particularly given the deposit’s proximity to existing infrastructure and the extensive, shallow nature of the mineralization. For beginner traders, these technical improvements suggest that Victory Metals Limited is moving closer to demonstrating the long-term economic viability of the North Stanmore Project. Bullish sentiment may be driven by the increased inferred resource, validated technical data, and encouraging metallurgical results that point to potential profitability in the critical heavy rare earth market. Conversely, those with a more cautious outlook might note that early-stage resource estimates carry inherent uncertainties and that the complex technical nature of such deposits represents a continuing challenge. Overall, the detailed technical update reinforces investors’ confidence in future project development and the company’s broader strategy in the critical minerals market.