Goschen is located approximately 35 km southwest of Swan Hill and 275 km north of Melbourne. VHM is one of Victoria’s largest tenement holders with 2,860km2 of near-contiguous tenements.

The Goschen Project is in a premier mining jurisdiction with existing infrastructure, a skilled workforce and strong local, state, and federal government support.

VHM has conducted several exploration and resource development drilling and sampling programmes across the Project area. The Company lodged an application and was granted retention licence (RL) 6806 in 2018 over what was EL5520.

VHM completed an update to its Definitive Feasibility Study (DFS) in March 2023. The DFS has defined an execution strategy for the development of the Project to deliver a fully commissioned mining and treatment operation that achieves a nameplate production rate based on a feed rate to the process plant of 5 million tonne per annum. (Mtpa) to produce and market a range of products to national and international consumers.

The Goschen Project will produce “critical minerals” (rare earth, zircon and titanium minerals) listed on the US and Australian critical mineral list which are important to the green energy transition as well as applications in defence.

The Company is now at detailed engineering design, with first production expected in 2025. Once in production, Goschen is expected to have well in excess of 20 years life of mine.