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Highlights
- VHM moves forward with domestic mineral supply chain through new MoU
- Goschen Project gains momentum under Victoria’s Critical Minerals Roadmap
- Currumbin Minerals to process heavy mineral concentrate from Goschen
VHM (ASX:VHM) has taken a significant stride towards strengthening Australia’s domestic supply chain for critical minerals, entering into a memorandum of understanding (MoU) with Currumbin Minerals for the development of a zircon-titania heavy mineral concentrate (HMC) sourced from the Goschen Project in northwest Victoria.
This MoU lays the foundation for a collaborative agreement between the two companies. It outlines the framework and timelines for delivering HMC to Currumbin Minerals, which operates a state-of-the-art heavy mineral sands processing facility in Queensland. Through this partnership, HMC from the Goschen Project will be treated at Currumbin’s licensed processing facility located in Southeast Queensland, further solidifying VHM’s strategic push to scale domestic capabilities.
VHM, with a market capitalisation of $67.3 million, views this initiative as a key component of its alignment with the Victorian Government’s Critical Minerals Roadmap. The roadmap, pivotal to Australia’s clean energy ambitions, focuses on enhancing mineral exploration and processing capacity through four core pillars: mapping new opportunities, modernising regulations, boosting production, and ensuring community benefits.
The Goschen Project itself has recently secured a three-year extension of its “major project status.” This designation recognises Goschen as a project of national significance, offering enhanced support from the Australian Government. Such recognition is critical in streamlining approvals and aligning with national strategic priorities, particularly in advancing employment and regional development.
Positioned as a tier-one integrated rare earth and mineral sands asset, the Goschen Project is set to play a foundational role in Australia’s contribution to the global supply of ethically sourced critical minerals. The project’s outputs are essential in the production of advanced technologies and clean energy solutions, reinforcing Australia's standing in the evolving critical minerals ecosystem.
Currumbin Minerals, a privately held player in the sector, brings to the table its cutting-edge processing capabilities. The company’s facility uses advanced gravity, electrostatic, and magnetic separation techniques to refine mineral sands, making it a fitting partner for the Goschen HMC.
This development comes amid growing interest in ASX dividend stocks and Australia’s positioning within the ASX200 index, highlighting investor appetite for companies embedded in future-facing sectors such as rare earths and critical minerals.
With regulatory momentum and strategic partnerships in place, VHM is poised to play a central role in the domestic and international supply of high-quality mineral resources critical to a sustainable energy future.
