Australian-based critical minerals specialist VHM Limited (ASX:VHM) has been granted a five-year extension of term for three exploration licences in Victoria.
The extensions to licences EL-0006419, EL-006664 and EL-006666, comes with a new expiry dates of 17 May 2028, 17 June 2028 and 17 June 2028 respectively.
Importantly, 100% of the area within the exploration licences has been retained, emphasising the confidence the Victorian Government has in the extensive exploration and development activities undertaken by the company.
The tenements are critical company assets, and these licence extensions secure the future for further development of Goschen, Cannie and Nowie, which fall within these tenements.
The successful awarding of these multi-year exploration licence extensions in the Critical Minerals Province in North West Victoria is excellent news for VHM,” Managing Director, Graham Howard, said.
“This reinforces the support the Victorian Government has for our substantial activities in the region. We look forward to working with the Department of Transport and Planning as we seek approval of our Environment Effects Statement.”
The company has also revealed it has appointed Euroz Hartleys as corporate advisor to progress the development of the company’s projects.
