Name of the Project
Goschen rare earths and mineral sands project. 

Location
Loddon Mallee region, Victoria, Australia. 

Project Owner/s
Rare earths and mineral sands company VHM Limited.

Project Description
The Goschen project is an integrated rare earths and mineral sands project. 

It is being advanced at a permitted processing capacity of five-million tonnes a year, replacing the previously proposed staged development approach that would have started at 1.5-million tonnes a year. 

The project is expected to generate revenue from two product streams comprising rare earths and heavy mineral concentrates, including zircon and titanium dioxide. Its rare earth assemblage includes light rare-earths neodymium and praseodymium, as well as heavy rare-earths dysprosium and terbium. 

Mining is planned as a shallow-pit truck-and-shovel operation using a conventional processing flowsheet. 

Potential Job Creation
Not stated. 

Capital Expenditure
VHM plans to undertake a full refresh of the capital cost estimate to reflect current market conditions and the definitive project implementation.

This is expected to be completed by June 2026. 

Planned Start/End Date
A final investment decision is planned for mid-2026. 

Latest Developments
VHM has approved development of the project.

The decision reflects the project’s strong approvals position, its simple technical foundation, scale and strategic relevance, as well as continued engagement and support from Australian and US government export finance agencies. 

All major mining and environmental approvals are in place. These include Environment Effects Statement endorsement in December 2024, a mining licence in April 2025, Environment Protection and Biodiversity Conservation approval in September 2025, Cultural Heritage Management Plan approval in October 2025 and work plan approval in November 2025. 

As part of the next stage of development, VHM will refresh the capital cost estimate for the project. This work will be based on engineering and cost work already completed and will support the planned midyear final investment decision. VHM has also highlighted support from export credit agencies, including a nonbinding and conditional letter of support from Export Finance Australia for up to A$75-million and a letter of interest from the Export-Import Bank of the United States for up to $200-million. 

Key Contracts, Suppliers and Consultants
None disclosed.

Contact Details for Project Information
VHM Limited, email investor@vhmltd.com.au.