VHM Limited (AU:VHM) has released an update.
VHM Limited, an Australian mining company, has recently completed the public exhibition phase and commenced the hearing stage of the Environment Effects Statement for its Goschen Project, a significant rare earths and mineral sands venture in North West Victoria. The company has also secured its first binding offtake agreement for 60% of the Goschen Project’s initial concentrates and reported a substantial increase in its mineral resources, including a new 16.4 Mt discovery at Nowie and an expanded Area 2 Mineral Resource Estimate, raising their total inventory by 6% to 892.1 Mt. Additionally, Ron Douglas has been appointed as the permanent CEO while Graham Howard resigned from his Non-Executive Director position.
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