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VHM Limited ( (AU:VHM) ) has issued an update.
VHM Limited has intensified development of its Goschen Project in northwest Victoria, securing key approvals including a Biodiversity Management Plan and Design Management Document, and confirming it is fully permitted to mine. The board has approved moving directly to the project’s permitted 5 million tonne per annum processing capacity, shifting away from a staged ramp-up and positioning VHM as a potential early new producer in the rare earths sector by late 2027.
During the March quarter, VHM elected to terminate a previously announced offtake agreement with Shenghe Resources to preserve commercial flexibility, while continuing to pursue new offtake deals it aims to finalise in the coming quarter. The company also advanced feasibility and infrastructure work towards a targeted mid-2026 final investment decision, commenced drilling to improve resource confidence and bulk sampling, and ended the period with $11.2 million in cash supporting its development program.
The most recent analyst rating on (AU:VHM) stock is a Buy with a A$1.15 price target. To see the full list of analyst forecasts on VHM Limited stock, see the AU:VHM Stock Forecast page.
More about VHM Limited
VHM Limited is an Australian-owned developer of rare earths and mineral sands mining and processing projects in northwest Victoria. The company holds a globally significant critical minerals inventory and aims to produce both heavy and light rare earths alongside mineral sands, targeting early entry into a growing market for critical minerals.
Average Trading Volume: 300,149
Technical Sentiment Signal: Sell
Current Market Cap: A$92.1M
See more insights into VHM stock on TipRanks’ Stock Analysis page.