VHM Limited (AU:VHM) has released an update.
VHM Limited has announced a significant 30% reduction in the projected capital expenditure for Phase 1 of its Goschen Rare Earths and Mineral Sands Project, bringing the cost down from A$483 million to A$337 million. The cost savings have been attributed to optimizations in design and construction methodologies, as well as early contractor involvement. The company is moving forward with the EPCM contractor engagement process, signaling a strong step towards the project’s commencement.
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