This recommendation places VHM Limited (ASX:VHM) in a favourable position to accelerate investment decisions and develop strategic partnerships as it progresses the advanced project towards a final investment decision and first production in 2026.

Goschen sits in Victoria’s Loddon Mallee region ~275km north of Melbourne and benefits from existing infrastructure, a skilled workforce and strong local, state and federal government support.

It currently has an overall resource of 892.1Mt grading 2.7% total heavy minerals that includes an ore reserve of 210Mt at 3.8% THM.

This includes a significant quantity of rare earths-bearing monazite and xenotime mineralisation that hosts contained total rare earth oxides (TREO) of 413,107t.

A pilot-scale hydromet plant has already been successful in producing a high-purity mixed rare earth carbonate with 97% recovery of critical magnet rare earths neodymium and praseodymium along with 92% recovery of dysprosium and 94% of terbium.

https://www.theaustralian.com.au/business/stockhead/content/ministerial-endorsement-puts-vhms-goschen-on-development-fast-track/news-story/9f51b148c57217a42542c86b4cb4038f