** Shares of Australia's VHM Ltd VHM.AX rise as much as 9% to A$0.365, posting their biggest intraday pct gain since November 10

** Stock has, however, lost over 21% so far this week, on track to record its worst week since October 31

** Mineral sands and rare earth co says Victorian government approves work plan for co's Goschen project

** Stock has fallen 12.7% this year, including session gains

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))