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Company - VHM Limited
Perth-based unlisted public company focused on rare earth and mineral sands development company
Level 2, 389 Oxford Street
Mt Hawthorn WA 6016
Australia
info@vhmltd.com.au
Australia has rich deposits of critical minerals for green technology with the world’s largest supply of nickel, rutile, tantalum and zircon and it’s also in the top five for cobalt, lithium, copper, antimony, niobium and vanadium.
So why is it not making the most of them …
Despite its good...
As the transition to clean energy accelerates, the world will need huge quantities of critical minerals – the minerals needed to electrify transport, build batteries, manufacture solar panels, wind turbines, consumer electronics and defence technologies.
That’s where Australia can help. Australia has the world’s largest supply of four critical minerals: nickel, rutile, tantalum and zircon. It's also in the top five for...
Arc Minerals has done a deal with Anglo American for the formation of a J/V regarding Arc’s copper-cobalt project in the NW province of Zambia in which Anglo American will have the right to 70% of the J/V for up to $US88.5M, including $14.5M cash.
The agreement, which has taken many months of negotiations, gives Anglo American the right to retain an ownership interest of 51%.
Critical metals developer Australian Strategic Materials has consolidated its strong partnership with the South Korean market with the official opening of its high-purity plant in the Ochang Foreign Investment Zone, 115km south of Seoul.
The new plant will produce critical metals and alloys to customer specifications, with an initial focus on neodymium iron boron and titanium metal alloys to meet forecast global demand.
MD David Woodall says the...
With first ore now being processed at its 4.7Mtpa processing plant, Australian miner Red 5 is on the verge of producing initial gold at its 100%-owned 2.4Moz King of the Hills project in the WA Eastern Goldfields.
The new project is initially processing low-grade development ore from the KOTH openpit and existing stockpiles while Red 5 completes final commissioning of the processing circuit.
MD Mark Williams says the new plant 28km...
Mandalay Resources has had a tough Mar 2022 qtr (Q1 22), with its consolidated net income falling to $US10.48M from Q1 21’s $15.33M and adjusted net income to $13.88M from $21.99M on revenue plunging to $54.15M from $72.9M and adjusted EBITDA to $31.3M from $40.64M.
The bottom line was on gold equivalent production from Mandalay’s Swedish and Australia operations falling to 28,280oz AuEq from 38,904oz, with gold output down to 24,383oz...
Blasting and chemical services giant Orica predicts continued strong momentum in earnings through the second half of the financial year after posting a 58% increase in underlying earnings for the six months to end-March.
The Australian company lifted first half sales revenue from continuing operations to $A3.05B, from $2.4B pcp. EBIT rose to $244.9M (H1FY21: $155.1M) before individually significant items resulted in a net loss after tax of $84.6M (...
Karora Resources has lifted measured/indicated nickel resources at its Beta Hunt nickel mine, 600km from Perth in Kambalda, Western Australia, 22% to 19,600t Ni and inferred resources 52% to 13,200t Ni.
The latest addition includes the maiden 50C Trend Resource, comprising a measured/indicated 153,000t @ 2.8% Ni for 4,300t Ni and an inferred 124,000t @ 3.1% Ni for 3,800t.
The updated resource will be used to support a Preliminary...
Canadian gold miner Argonaut Gold’s Mar 2022 qtr (Q1 22) net income has fallen to $US5.6M from Q1 21’s $27M, albeit with adjusted net income up to $8.2M from $7M, primarily due to a $2.5M loss on derivatives compared to an $18.8M gain on them in Q1 21, as well as higher operating costs.
Revenue was steady at $105.8M from $105.3M and gross profit eased to $21.7M from $27.6M.
The result was on gold equivalent (AuEq) production from Argonaut’s 4...