VHM Limited (ASX:VHM) Receives Key Endorsement for Goschen Project
Project Development Milestone
VHM Limited (ASX:VHM) has received the endorsement of its Environment Effects Statement (EES) from the Victorian Minister for Planning, Sonya Kilkenny, for its Goschen Rare Earths and Mineral Sands Project. This endorsement signifies a pivotal advancement in the company’s development plans, facilitating the pathway to a Final Investment Decision (FID), construction, and production.
Investment and Partnerships
The Minister’s endorsement enhances VHM’s capability to accelerate investment discussions and establish strategic partnerships. CEO Ron Douglas commented on the importance of this achievement, describing it as a significant step forward for the initiation of the new project in Victoria. He noted the extensive technical, environmental, and social studies conducted over several years that led to this positive outcome.
Next Steps
As VHM progresses, the company will submit its Mining Licence application to Resources Victoria for assessment. The Ministerial terms will guide the further development of the Goschen Project’s Work Plans that require subsequent approvals. Douglas expressed gratitude to all involved in the endorsement process and acknowledged the continued support from shareholders during this journey.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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