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The latest announcement is out from VHM Limited ( (AU:VHM) ).
VHM Limited has received endorsement for its Environment Effects Statement for the Goschen Rare Earths and Mineral Sands Project. The company plans a staged development strategy, initially processing 1.5 million tonnes per annum with an aim to increase to 5 million tonnes over three years. With mining license approvals and early engineering works progressing, construction is set to begin in late 2025, and first production is targeted for the second half of 2026. This strategic move underscores VHM’s commitment to efficiently utilize production cashflows to scale operations while maintaining its production timeline.
More about VHM Limited
VHM Limited operates in the mining industry, primarily focusing on the extraction of rare earths and mineral sands. The company is engaged in the development of the Goschen Rare Earths and Mineral Sands Project, highlighting its market focus on valuable mineral resources.
YTD Price Performance: -8.98%
Average Trading Volume: 70,820
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$81.17M
Find detailed analytics on VHM stock on TipRanks’ Stock Analysis page.
