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VHM Limited (ASX:VHM)

ALERT: Price-sensitive ASX Announcement for VHM
Current share price for VHM : $0.255 -0.07 (-21.54%)+
Announcement
Release
20 Apr 2026 1:07PM
Price at Release
$0.325
Full Release
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Summary
VHM Limited's Quarterly Activities/Appendix 5B Cash Flow Report for the period ending 31 March 2026 highlights significant strategic and operational developments. The company has approved the full-scale development of the Goschen Project at a capacity of 5 million tonnes per annum, superseding the previous staged approach. Key infrastructure, permitting, and feasibility updates are on track, aiming for a final investment decision by mid-2026 and production by late 2027. VHM terminated an offtake agreement with Shenghe Resources to explore broader market opportunities and is actively engaging in new offtake discussions. The company's cash flow report indicates a net cash usage in operating activities of $1.031 million and a decrease in cash and cash equivalents to $11.168 million by quarter's end. The report also underscores VHM's strong ESG profile and its commitment to sustainable practices.
Key Points
  • Approval for Goschen Project to operate at 5 million tonnes per annum.
  • Termination of Shenghe Resources offtake agreement.
  • Pursuing new offtake agreements.
  • Net cash usage in operating activities of $1.031 million.
  • Cash and cash equivalents at end of quarter: $11.168 million.
  • Focus on sustainable practices and ESG commitments.
  • Targeted production commencement in late 2027.
  • Project implementation progressing towards mid-2026 FID.
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.