Victory Metals Limited announced that it has aquired two tenements (P20/2345 and P20/2346) which are contiguous with the Company's North Stanmore rare earth element project, located approximately 10km north from the town of Cue, Western Australia and bordered to the east by the Great Northern Highway. Tenements P20/2345 and P20/2346 are situated on the southern border of the North Stanmore rare earth element Project and border Victory's granted tenements E20/1016 to the north and east, and P20/2402 situated on the west. With these new tenements, the exploration area at North Stanmore is now approximately 72km2 with approximately 34km2 within this area mineralised with an average assay grade of 992ppm Total Rare Earth Oxides (TREO) and a valuable Heavy Rare Earth Oxide HREO/TREO ratio of 34%.