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VHM LIMITED — Board/Management Information 2024
Feb 25, 2024
66004_rns_2024-02-25_ea24f5be-b05e-46ed-ba87-e4c2760dce65.pdf
Board/Management Information
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ASX Release
26 February 2024
Update on the Transition of VHM Limited
As part of the ongoing transition of VHM Limited ("VHM" or the "Company”) from being a successful explorer to a developer of a world class deposit, VHM wishes to announce that Mr Graham Howard a Non-Executive Director has resigned effective 25 February 2024 to focus on exploring further discoveries.
Mr Ron Douglas will become the Company’s permanent Chief Executive Officer (CEO) with the same contractual terms as previously announced[1] .
The Board takes this opportunity to thank Mr Howard for his invaluable contribution to the Company during its formative stages and wishes him continued success in his future endeavours. Mr Douglas brings to the role of CEO not only broad executive experience but a demonstrated ability to successfully deliver resource projects.
VHM currently has four Directors comprising three Independent Directors and one Executive Director. A search for a further Director is being undertaken with immediate effect.
Ends
This announcement has been approved by the Board of Directors.
For Further Information Contact:
Carly O’Regan Ian Hobson Executive General Manager Company Secretary M: +61 (0)431 068 814 M: +61 (0)407 421 185 E: [email protected] E: [email protected]
Note: (1) ASX release published 15 September 2023
ABN 58 601 004 102 I Suite1, Level 11, 330 Collins St, Melbourne VIC 3000 I www.vhmltd.com.au
About VHM Limited (ASX: VHM)
VHM’s flagship Goschen Project is located in the Loddon-Mallee Region of North West Victoria and presents a compelling low-cost mine operation for high-grade rare earths and zircon-titania products. Goschen’s dual commodity mix is an attractive economic opportunity to contribute to Australia’s supply and trade position in the global critical minerals markets.
Approximately 70% of Goschen’s revenue will come from rare earth products including neodymium, praseodymium, dysprosium, and terbium, which are critical for manufacturing electric vehicles, energy efficiency and technology.
Please visit our website www.vhmltd.com.au for more information.
ABN 58 601 004 102 I Suite1, Level 11, 330 Collins St, Melbourne VIC 3000 I www.vhmltd.com.au