Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
VHM Limited ( (AU:VHM) ) has issued an update.
VHM Limited has announced an updated Exploration Target for its Goschen tenements, highlighting the potential scale and strategic importance of this rare earth and mineral sands province. The new target estimates a range of 1.5 billion to 4.0 billion tonnes with a Total Heavy Mineral (THM) grade between 2.2% and 3.5%, translating to 50Mt to 90Mt of THM. This development positions Goschen as a promising long-life mineral sands project with diversified revenue streams and low sovereign risk due to its location in Victoria, Australia. The update builds on previous estimates and incorporates new drilling data, enhancing the geological and mineralogical understanding of the area. This expansion is expected to extend the production horizon and align with global demand for critical minerals, benefiting stakeholders through potential growth in resource base and strategic market positioning.
The most recent analyst rating on (AU:VHM) stock is a Hold with a A$0.50 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 operates in the rare earth and mineral sands industry, focusing on the exploration and development of significant mineral resources. The company is primarily engaged in extracting valuable heavy minerals such as zircon, ilmenite, rutile, and monazite, with a strategic emphasis on the Goschen tenements in Victoria, Australia. VHM is positioned to benefit from global trends in clean energy and technology due to its alignment with the demand for critical minerals.
Average Trading Volume: 359,121
Technical Sentiment Signal: Buy
Current Market Cap: A$84.48M
Learn more about VHM stock on TipRanks’ Stock Analysis page.