VHM expands its rare earth inventory to become one of the largest in Australia, bolstered by its new Cannie critical mineral project in Victoria.

VHM Managing Director Graham Howard speaks to The Market Herald’s Markets Reporter Julia Seymour to discuss the Company’s growing critical mineral resource inventory located in north-west Victoria.

VHM (VHM) has expanded its rare earth inventory to be one of the largest in Australia, bolstered by its new Cannie critical mineral project in Victoria.

The Cannie project is positioned 13.5 kilometres to the south of VHM’s flagship Goschen rare earth project.

Today the company reported a new inferred mineral resource of 192 million tonnes at 3.1 per cent total heavy mineral (THM) grade, resulting in an additional 5.9 million tonnes of heavy mineral sands in place.

The update brings with it an increase of 176,000 tonnes of rare earth, 1.4 million tonnes of zircon, 0.9 million tonnes of rutile, and 1.4 million tonnes of leucoxene to the company’s mineral inventory.

Published by The Market Herald and Hot Copper.