VHM Limited holds several exploration tenements within the Loddon Mallee Region of Victoria. The Goschen Zircon and Rare Earth Minerals Project (Goschen Project) is located primarily in Exploration Licence EL 5520, as indicated by the Target Mineralisation Zones. VHM is focused on exploration, environmental and metallurgical assessments within these zones. These assessments will be used to refine the proposed location of mine pits and support infrastructure, which will be progressively developed and rehabilitated over the life of the Project.
Goschen Zircon and Rare Earth Minerals Project
Resource definition activities have confirmed the Project comprises of numerous high-grade zones of heavy mineral sand (HMS), rich in zircon, rutile, titanium and rare earth minerals. The rare earth mineral deposit contains a significant proportion of critical rare earth metals which include high concentrations of neodymium and praseodymium as well as significant levels of dysprosium and terbium. These metals are critical in the manufacture of industrial permanent magnets and high energy density batteries required in production of electric vehicles and essential for the renewable energy market and the manufacture of generators for wind turbines.