Viridis Mining’s Colossus Project Shows High Potential

Viridis Mining and Minerals Limited (AU:VMM) has released an update.

Viridis Mining and Minerals Limited has announced a promising JORC-Compliant Maiden Mineral Resource Estimate for its Colossus Rare Earth Ionic Adsorption Clay Project, revealing 201 million tonnes at 2,590 ppm total rare earth oxide. With only 7% of the project area explored, the Colossus Project boasts one of the highest-grade IAC deposits globally and significant potential for resource expansion. The company’s CEO highlighted the exceptional magnet rare earth content and the project’s strategic advantage due to its location, infrastructure, and government support.

For further insights into AU:VMM stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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