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VHM Limited near-term project developer of critical and rare earth minerals for future technologies

March 30, 2021

VHM Limited near-term project developer of critical and rare earth minerals for future technologies

The global market for rare earth elements is set to receive a shot in the arm as a slew of new producers – including Australia’s globally-significant VHM – ready to enter the fray.

The global market for rare earth elements is set to receive a shot in the arm as a slew of new producers – including Australia’s globally-significant VHM – ready to enter the fray.

The influx of new, would-be producers into the market follows a push from Australia, Japan, India, and the US – a group informally known as ‘The Quad’ – to diversify their rare earth supply chains.

The Quad currently sources the majority of its rare earth minerals from China but as demand for green energy technology (a major consumer of these critical commodities) ramps up, the four nations are looking to build more robust supplier networks.

China has historically been the world’s chief supplier of rare earth elements. Source: Bloomberg

 

And Australia has been tapped on the shoulder to lead this transition

The Federal Government has already pledged $1.3 billion in grants relevant projects related to the rare earths sector as part of its Resources Technology and Critical Minerals Processing road map.

Producers of these minerals are expected to benefit from the additional government funding.

 

VHM’s globally significant resource 

One of the larger entrants into this growing fray is unlisted Australian miner VHM – the company owns 6,300km2 of near-contiguous tenements in north Victoria, playing host to numerous project sites including its flagship Goschen project.

Join VHM’s Managing Director Graham Howard on Thursday 8th April at 1pm (AEST) in a live online investor briefing for sophisticated and professional investors where he’ll discuss the pre-IPO opportunity to invest in a company that aims to build a globally significant rare earth and critical minerals project. Click here to book your spot.

This site, one of several with the potential for standalone development, holds a measured, indicated and inferred resource inventory of 1.1 billion tonnes of zircon, rutile, and rare earth minerals. Work completed by the Company to date indicates between 2.2 – 3.0 billion

tonnes (exploration target), which could potentially result in up to up to 16 million tonnes of in-

situ Zircon and between 1.7 and 3.5 million tonnes of in-situ total rare earth oxide (TREO).

VHM’s remaining exploration targets offer further rare earths upside.

The Goschen Project also features high grades of both zircon and rare earth elements – the starter project’s zircon grades sit just below 30%, making it one of the highest grade undeveloped projects in the world.

Its neodymium and praseodymium rare earth elements used in the manufacture of batteries and electric vehicle drive trains – testwork confirms rare earth mineral concentrate grade of roughly 20% Nd+Pr and dysprosium and terbium grades sit between 3% and 3.5%.

Additionally, these resources are hosted in sand deposits which require relatively low levels of capital expenditure to extract or process – material taken from the site does not need to undergo crushing or grinding.

 

Leadership with formidable experience

VHM is eyeing an Initial Public Offering in H2 2021, spearheaded by a leadership team that brings extensive experience across mining and industry, with strong ties to government.

Managing Director Graham Howard has spent three and a half decades working with the likes of Newcrest, Mount Magnet South, Aecom, and Aberfoyle Resources.

Tim Lehany, former MD and CEO of St Barbara and executive general manager for Newcrest, is chairing the Board. Acting in a senior consulting role to the company is high profile Ian Irving, the CEO of Naval Shipbuilding Institution and a former CEO of Northrop Grumman Australia.

The directors and senior management also count themselves among the company’s 230 existing shareholders and have significant skin in the game.

This experienced leadership team has already secured letters of intent from water suppliers confirming they are willing and able to work with VHM on this project, and are currently negotiating with local solar and wind power providers to meet the business’ energy needs.

Join the live investor briefing with Graham Howard on Thursday 8th April at 1pm (AEST). Click here to book your spot. Or to request the offer documents please click here.

 

Any advice contained in the presentation is general only and does not consider your objectives, financial situation or needs, and you should consider whether it’s appropriate for you.

Reach Markets are the advisors assisting with the management of this offer and may receive fees depending on whether an offer is taken up by investors. Past performance is not a reliable indicator of future performance.

 

Sources:

 


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