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VHM Limited (ASX:VHM)

ALERT: Price-sensitive ASX Announcement for VHM
Current share price for VHM : $0.245 -0.155 (-38.75%)+
Announcement
Release
15 Oct 2025 1:36PM
Price at Release
$0.400
Full Release
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Summary
VHM Limited has announced a significant update to its exploration target for the Goschen tenements, emphasizing the area's potential as a globally significant source of rare earth and mineral sands. The updated Exploration Target is estimated to range from 1.5 billion to 4.0 billion tonnes, with a Total Heavy Mineral (THM) grade between 2.2% and 3.5%. The exploration includes a comprehensive dataset of 1,652 drill holes and is aligned with global demand for critical minerals, particularly in clean energy and technology sectors. The Goschen Project, located in Victoria, Australia, is poised to be one of Australia's most promising long-life mineral sands developments, with advanced approvals and a strategic location benefiting from existing infrastructure.
Key Points
  • VHM Limited updated Exploration Target for Goschen tenements.
  • Estimated range: 1.5 billion to 4.0 billion tonnes, THM grades between 2.2% and 3.5%.
  • Potential quantity and grade are conceptual in nature.
  • Exploration Target based on data from 1,652 drill holes.
  • Goschen Project positioned as a promising mineral sands development in Australia.
  • Project benefits from a stable regulatory environment and established infrastructure.
  • Advanced project approvals in place, including Environment Effects Statement (EES) and Mining Licence.
  • Project aligns with global trends in rare earth recovery for clean energy and technology.
  • Company strategy involves systematic exploration to grow resource base.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.