ASX-listed heavy rare earths explorer Victory Metals has signed an agreement with the Wajarri Yamaji Aboriginal Corporation that helps facilitate the granting of a mining licence for the North Stanmore project, in Western Australia.
The Wajarri Yamaji People are the traditional owners and native title holders of a large and significant area of the Mid West of Western Australia, spanning the Murchison and Gascoyne regions, including the land on which North Stanmore is situated.
The agreement establishes clear consent, and shared commitment to progressing activities across the North Stanmore tenement package. This represents a key step in the native title process that supports the pathway toward granting the mining licence for the project, Victory explains.
The company adds that the execution of this agreement reflects the ongoing constructive relationship between Victory and the Wajarri Yamaji People, and the company’s commitment to engaging respectfully and responsibly with traditional owners as it continues timely progress in developing North Stanmore.
Victory is advancing a prefeasibility study on the project. The latest mineral resource estimate on the project totals 320-million tonnes grading 38% total rare earths oxide, including heavy rare earths scandium, hafnium and gallium.
