VHM Limited announced that Detailed Design in relation to Phase 1 of the Goschen Project is underway following the appointment of Mineral Technologies (Downer Group). Mineral Technologies will progress the engineering design to deliver a target cost estimate for the Engineering Procurement and Construction (EPC) supply for the process plant (Goschen Project Phase 1), prior to the Final Investment Decision (FID). A subsequent Detailed Design Part 2 will be required to progress detailed engineering for plant construction to commence.

Mineral Technologies is a global industry leader with over 80 years' experience in mineral process solutions across the project lifecycle. The involvement of Mineral Technologies in the Goschen Project has been critical to metallurgical testwork, process flowsheet development, the Definitive Feasibility Studies, and Front End Engineering Design. This detailed design stage will include competitive tender evaluations to select plant vendors and fabricators and has been structured to expedite critical path activities.

Following Detailed Design, the Company will look to appoint an EPC contractor to construct and deliver Phase 1 of the Goschen project and commence procurement of long lead items, contingent on FID.