VHM and Queensland-based Currumbin Minerals have inked an offtake agreement supporting the Goschen project in north-west Victoria.
A memorandum of understanding (MoU) will see the two companies develop a timeline and framework for the supply of high-grade zircon-titania heavy mineral concentrate (HMC) from the Goschen project.
“The collaboration with Currumbin Minerals is a significant step in VHM’s strategy to build a domestic supply chain for both its rare earths and mineral sands products to further align itself with the Victorian Government’s Critical Minerals Roadmap,” VHM chief executive officer Ron Douglas said.
The agreement enables VHM to supply HMC to Currumbin Minerals for processing through its treatment facility in south-east Queensland, which harnesses the latest in heavy mineral sands gravity, electrostatic and magnetic processing technology.
The Goschen project is a integrated rare earth and mineral sands development featuring a globally significant mix of light and heavy rare earths.
With major approvals in place and production targeted for the fourth quarter of 2026, the project offers multiple revenue streams from rare earths and heavy mineral concentrates like zircon and titanium.
This move also unlocks the opportunity for the companies to form a longer-term alliance to boost exploration prospects on the east coast of Australia with their combined extensive industry experience.
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