VHM Limited announces key changes

VHM Limited (ASX: $VHM) has announced the resignation of Mr Graham Howard, a Non-Executive Director, effective 25 February 2024. Mr Ron Douglas will assume the role of the Company's permanent Chief Executive Officer (CEO) with the same contractual terms as previously announced. The Board is currently conducting a search for a new Director.

Executive Commentary on Transition and Appointment

The Board expresses gratitude to Mr Howard for his significant contribution during the Company's formative stages and wishes him success in his future endeavors. Mr Douglas, the incoming CEO, brings extensive executive experience and a proven track record in delivering resource projects.

Summary of VHM Limited's Transition and Future Plans

VHM Limited has undergone key changes with the resignation of Mr Graham Howard and the appointment of Mr Ron Douglas as the permanent CEO. The Company is actively seeking a new Director. VHM's flagship Goschen Project in North West Victoria is positioned to contribute significantly to Australia's supply and trade position in the global critical minerals markets, particularly in rare earth products essential for electric vehicles, energy efficiency, and technology. The transition reflects VHM's commitment to developing a world-class deposit and its strategic focus on contributing to critical minerals markets.