Join our daily newsletter At The Bell to receive exclusive market insights
VHM Ltd (ASX:VHM) has taken a key step towards the development of the Goschen rare earth and mineral sands project in Victoria, with the state government awarding the company a mining licence over the project.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
This licence from Mining Victoria – and its previous endorsement from the Environmental Effects Statement (EES) – now edges VHM closer to a final investment decision, construction, and production at the project.
The first of these will be locked in by the end of 2025; first production is to start in 2026.
“The approval of the Goschen Mining Licence is the latest significant milestone for VHM and
further de-risks the project as we target a Final Investment Decision,” the company’s CEO Ron Douglas said today.
“For shareholders of the company and potential financiers, this is a critical approval in the process of advancing Goschen through development and into production.”
The licence lets the company mine, explore for minerals, construct mining facilities for future operation, and aids in finalising agreements with any finance and offtake partners.
More market news
Kowtow: “Biggest day in financial history” on Trump’s tariffs retreat
Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst
Mr Douglas continued: “Goschen has the potential to become an important Victorian supplier of critical minerals and we thank Resources Victoria for recognising the opportunity the Goschen Project represents for the state.”
The project also received a three-year extension for its Major Project status.
VHM has been trading at 22.5 cents heading into Friday.
Join the discussion: See what HotCopper users are saying about VHM Limited and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
-1200x645-380x200.jpg)