VHM (VHM) AGM 2025 Presentation summary

Board and management experience

• Board comprises highly experienced professionals with over 30 years each in mining, energy, and manufacturing sectors.

• Members have held senior roles at major mining companies and have expertise in project development, operations, and corporate governance.

Project portfolio and resources

• Flagship projects include Goschen, Cannie, and Nowie, with a combined mineral resource estimate of 890 Mt and an ore reserve of 220 Mt.

• Projects feature diversified assemblages of light and heavy rare earth elements, zircon, rutile, and other mineral sands.

Strategic positioning and approvals

• All substantive project approvals have been obtained, with final work plan approvals expected in Q4 2025.

• Projects are strategically located near critical infrastructure in northwestern Victoria, close to regional centers.