Special report: Following a review of a staged approach from 1.5Mtpa to 5Mtpa at the Goschen project in Victoria, VHM has signed off on a revised development strategy incorporating updated capital and operating expenditure estimates. 

The company is looking to leverage a dual revenue stream of rare earths and heavy mineral concentrates to fund expansion and builds on the robust foundation established during the 2023 Goschen definitive feasibility study.

Construction, set to begin in Q4 2025, will cost $160m for Stage 1 and between $85-$90m for stage 2 in Q4 2028.

To minimise the upfront capital, VHM (ASX:VHM) is utilising a modular process plant sized for 1.5Mtpa throughput, simple infrastructure such as transportable buildings, power and water sized for the throughput and all mining capital is included in the mining unit rates.

Product streams include rare earth mineral concentrate and heavy mineral concentrate with no further processing.

VHM said the same approach is continued with the expansion of the throughput, with additional modular process plant installed adjacent to existing facilities. https://stockhead.com.au/resources/vhm-eyes-staged-critical-metals-expansion-at-goschen/