VHM Granted Mining License for Goschen Project in Victoria

In April 2025, VHM Limited achieved a significant milestone for its Goschen Rare Earths and Mineral Sands Project in northwest Victoria, Australia. The company was granted a 20-year mining licence (MIN007256) by Resources Victoria, following a comprehensive assessment process that included an Environmental Effects Statement (EES) and public consultations.

The Goschen Project, located approximately 35 kilometers south of Swan Hill, encompasses an estimated 629 million tons of ore containing valuable minerals such as zircon, rutile, leucoxene, ilmenite, and rare earth elements like neodymium and praseodymium. These minerals are critical for various industries, including renewable energy, electronics, and medical devices.

The mining operation is planned to function continuously, 24 hours a day, seven days a week, utilizing strip mining techniques. VHM has committed to progressive land rehabilitation, aiming to restore the mined areas to their original agricultural use upon completion of extraction activities.

Before commencing construction and mining operations, VHM must obtain approval for a detailed work plan that addresses environmental management, community engagement, and compliance with regulatory conditions. The company is also required to lodge a rehabilitation bond and provide quarterly reports to the regulator, ensuring transparency and accountability throughout the project's lifespan.

While the project promises economic benefits and contributes to the supply of critical minerals, it has faced opposition from local farming communities concerned about potential environmental impacts and the loss of agricultural land. VHM has engaged in community consultations and is expected to continue these efforts to address stakeholders' concerns and ensure responsible project development.

With the mining license secured, VHM is progressing towards a Final Investment Decision, targeting the commencement of production by late 2026. The company is also advancing discussions with potential offtake and financing partners to support the project's development.