VMM: Goldman Sachs Rare Earth Day Presentation
Original announcement by asx on
- Company
- Viridis Mining and Minerals Ltd
- Ticker
- VMM
- Exchange
- ASX
- Region
- Poços de Caldas Alkaline Complex
- Primary commodity
- Rare earths
- Secondary commodities
- Praseodymium oxide, Neodymium oxide, Terbium oxide, Dysprosium oxide
- Document categories
- Resource update, Metallurgy, Capital raise
- Extracted
- 2026-09-24 00:22:59 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Viridis Mining and Minerals presented a comprehensive update on its Colossus Rare Earth Project, showcasing a 473 Mt Mineral Resource and a 200.1 Mt Ore Reserve, both JORC compliant. The project demonstrates strong economics with a US$1.87 billion pre-tax NPV and a low C1 cost of US$9.84/kg REO, supported by 79.9% MREO recovery from continuous demonstration plant operations. The company has secured US$154 million in equity funding and is progressing towards a Q4 2026 Final Investment Decision, targeting first production in Q4 2028.
Reasoning: The presentation highlights significant progress across all key project development areas, including a large, high-grade resource and reserve, validated metallurgy, strong economics, secured funding, and advanced permitting and execution, positioning the Colossus project as a tier-one rare earth asset.
Positive factors
- High-confidence ore reserve underpins production
- Demonstrated metallurgy with high MREO recovery validated by continuous demonstration plant operations
- Globally lowest-cost rare earth production position
- Equity fully funded with clear pathway to project debt
- Advanced permitting process with Preliminary Licence granted and Installation Licence submitted
- Strategic partnership with Solvay provides commercial validation and advanced commercial framework
- Execution underway with DFS complete, EPCM contract awarded, and critical long-lead procurement advanced
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 85
Classification and evidence
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The resource estimate includes a 'Measured' category of 31 Mt at 2,858 ppm TREO.
Evidence · table
“Measured”
Context: 31
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The resource estimate includes an 'Indicated' category totaling 274 Mt at 2,707 ppm TREO.
Evidence · table
“Indicated”
Context: 274
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The resource estimate includes an 'Inferred' category totaling 168 Mt at 2,108 ppm TREO.
Evidence · table
“Inferred”
Context: 168
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The ore reserve estimate includes a 'Proved' category of 27.4 Mt at 2,867 ppm TREO.
Evidence · table
“Proved”
Context: 27.4
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The ore reserve estimate includes a 'Probable' category totaling 172.7 Mt at 2,899 ppm TREO.
Evidence · table
“Probable”
Context: 172.7
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The document states that information is extracted from ASX market announcements reported in accordance with the 2012 JORC Code.
Evidence · text
“reported in accordance with the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (2012 JORC Code).”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The compliance statement confirms that the Competent Person’s findings are presented and have not been materially modified.
Evidence · text
“the Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The project reports a 473Mt Resource and a 200Mt Ore Reserve, indicating significant scale.
Evidence · text
“473Mt Resource @ 2,505ppm TREO”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents an 'Updated Mineral Resource Estimate' and 'Ore Reserve Estimate, August 2026'.
Evidence · table
“Colossus Updated Mineral Resource Estimate”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: The demonstration plant achieved 79.9% median MREO recovery, exceeding DFS assumptions.
Evidence · text
“79.9% JULY MEDIAN MREO RECOVERY >76NC –78SC% DFS BASIS”
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: Continuous Demonstration Plant operations have validated the commercial flowsheet.
Evidence · text
“Continuous Demonstration Plant operations validate the commercial flowsheet and DFS recovery assumptions.”
Recovery Improvingpositive
Recovery improved versus a like-for-like prior test program on the same domain and route.
Why it applies: Continuous Demonstration Plant performance has consistently validated and exceeded the ANSTO-derived recovery assumptions.
Evidence · text
“Continuous Demonstration Plant performance has consistently validated and exceeded the ANSTO-derived recovery assumptions underpinning the DFS financial model”
Extracted facts
Stored fact records: 85. Some facts used in scoring do not have a stored record.
Resource Estimates (84)
measuredColossus Rare Earth Project · treoTonnes: 31000000Grade: 2858Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:41d06493ec6931e29fc7
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- measured
- Tonnes
- 31000000
- Grade
- 2858
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Measured resource in the Northern Concessions represents a high-confidence, high-grade portion of the overall resource, indicating strong geological understanding.
Positive factors
- High confidence Measured category
- High grade for rare earths
Evidence · table
“2,858”
Context: 31
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredColossus Rare Earth Project · praseodymium_oxideTonnes: 31000000Grade: 175Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:41d06493ec6931e29fc7
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- measured
- Tonnes
- 31000000
- Grade
- 175
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Measured resource includes a substantial grade of praseodymium oxide, a critical magnetic rare earth element, adding to the project's value.
Positive factors
- High confidence Measured category
- Significant grade for a key magnetic rare earth element
Evidence · table
“175”
Context: 31
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredColossus Rare Earth Project · neodymium_oxideTonnes: 31000000Grade: 546Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:41d06493ec6931e29fc7
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- measured
- Tonnes
- 31000000
- Grade
- 546
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Measured resource includes a substantial grade of neodymium oxide, a critical magnetic rare earth element, adding to the project's value.
Positive factors
- High confidence Measured category
- Significant grade for a key magnetic rare earth element
Evidence · table
“546”
Context: 31
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredColossus Rare Earth Project · terbium_oxideTonnes: 31000000Grade: 6Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:41d06493ec6931e29fc7
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- measured
- Tonnes
- 31000000
- Grade
- 6
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Measured resource includes terbium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- High confidence Measured category
- Presence of a high-value heavy rare earth element
Evidence · table
“6”
Context: 31
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredColossus Rare Earth Project · dysprosium_oxideTonnes: 31000000Grade: 31Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:41d06493ec6931e29fc7
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- measured
- Tonnes
- 31000000
- Grade
- 31
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Measured resource includes dysprosium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- High confidence Measured category
- Presence of a high-value heavy rare earth element
Evidence · table
“31”
Context: 31
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredColossus Rare Earth Project · mreoTonnes: 31000000Grade: 758Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:41d06493ec6931e29fc7
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- measured
- Tonnes
- 31000000
- Grade
- 758
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Measured resource in the Northern Concessions shows a high grade of magnetic rare earth oxides, which are critical for high-tech applications.
Positive factors
- High confidence Measured category
- High grade for magnetic rare earth oxides
Evidence · table
“758”
Context: 31
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · treoTonnes: 110000000Grade: 2371Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:132c675cdbd5cfaf971e
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- indicated
- Tonnes
- 110000000
- Grade
- 2371
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in the Northern Concessions adds significant tonnage and grade to the overall resource, increasing confidence in the project.
Positive factors
- Large tonnage in Indicated category
- Good grade for rare earths
Evidence · table
“2,371”
Context: 110
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · praseodymium_oxideTonnes: 110000000Grade: 133Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:132c675cdbd5cfaf971e
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- indicated
- Tonnes
- 110000000
- Grade
- 133
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource includes a good grade of praseodymium oxide, a critical magnetic rare earth element, contributing to the project's value.
Positive factors
- Large tonnage in Indicated category
- Presence of a key magnetic rare earth element
Evidence · table
“133”
Context: 110
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · neodymium_oxideTonnes: 110000000Grade: 405Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:132c675cdbd5cfaf971e
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- indicated
- Tonnes
- 110000000
- Grade
- 405
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource includes a good grade of neodymium oxide, a critical magnetic rare earth element, contributing to the project's value.
Positive factors
- Large tonnage in Indicated category
- Presence of a key magnetic rare earth element
Evidence · table
“405”
Context: 110
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · terbium_oxideTonnes: 110000000Grade: 5Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:132c675cdbd5cfaf971e
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- indicated
- Tonnes
- 110000000
- Grade
- 5
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource includes terbium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Large tonnage in Indicated category
- Presence of a high-value heavy rare earth element
Evidence · table
“5”
Context: 110
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · dysprosium_oxideTonnes: 110000000Grade: 24Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:132c675cdbd5cfaf971e
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- indicated
- Tonnes
- 110000000
- Grade
- 24
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource includes dysprosium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Large tonnage in Indicated category
- Presence of a high-value heavy rare earth element
Evidence · table
“24”
Context: 110
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · mreoTonnes: 110000000Grade: 566Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:132c675cdbd5cfaf971e
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- indicated
- Tonnes
- 110000000
- Grade
- 566
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in the Northern Concessions shows a good grade of magnetic rare earth oxides, which are critical for high-tech applications.
Positive factors
- Large tonnage in Indicated category
- Good grade for magnetic rare earth oxides
Evidence · table
“566”
Context: 110
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · treoTonnes: 157000000Grade: 2947Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:63d55de0c063666a44c2
- Deposit or zone
- Southern Complex
Resource Data
- Category
- indicated
- Tonnes
- 157000000
- Grade
- 2947
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in the Southern Complex is a very large, high-grade component, significantly contributing to the project's overall scale and confidence.
Positive factors
- Very large tonnage in Indicated category
- High grade for rare earths
Evidence · table
“2,947”
Context: 157
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · praseodymium_oxideTonnes: 157000000Grade: 169Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:63d55de0c063666a44c2
- Deposit or zone
- Southern Complex
Resource Data
- Category
- indicated
- Tonnes
- 157000000
- Grade
- 169
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in the Southern Complex includes a substantial grade of praseodymium oxide, a critical magnetic rare earth element, adding to the project's value.
Positive factors
- Very large tonnage in Indicated category
- Significant grade for a key magnetic rare earth element
Evidence · table
“169”
Context: 157
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · neodymium_oxideTonnes: 157000000Grade: 502Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:63d55de0c063666a44c2
- Deposit or zone
- Southern Complex
Resource Data
- Category
- indicated
- Tonnes
- 157000000
- Grade
- 502
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in the Southern Complex includes a substantial grade of neodymium oxide, a critical magnetic rare earth element, adding to the project's value.
Positive factors
- Very large tonnage in Indicated category
- Significant grade for a key magnetic rare earth element
Evidence · table
“502”
Context: 157
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · terbium_oxideTonnes: 157000000Grade: 6Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:63d55de0c063666a44c2
- Deposit or zone
- Southern Complex
Resource Data
- Category
- indicated
- Tonnes
- 157000000
- Grade
- 6
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource includes terbium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Very large tonnage in Indicated category
- Presence of a high-value heavy rare earth element
Evidence · table
“6”
Context: 157
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · dysprosium_oxideTonnes: 157000000Grade: 30Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:63d55de0c063666a44c2
- Deposit or zone
- Southern Complex
Resource Data
- Category
- indicated
- Tonnes
- 157000000
- Grade
- 30
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource includes dysprosium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Very large tonnage in Indicated category
- Presence of a high-value heavy rare earth element
Evidence · table
“30”
Context: 157
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · mreoTonnes: 157000000Grade: 708Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:63d55de0c063666a44c2
- Deposit or zone
- Southern Complex
Resource Data
- Category
- indicated
- Tonnes
- 157000000
- Grade
- 708
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in the Southern Complex shows a high grade of magnetic rare earth oxides, which are critical for high-tech applications.
Positive factors
- Very large tonnage in Indicated category
- High grade for magnetic rare earth oxides
Evidence · table
“708”
Context: 157
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · treoTonnes: 2000000Grade: 2481Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:0824b19b881386d5913f
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 2481
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in Capão da Onça contributes to the overall resource with good rare earth grades.
Positive factors
- Good grade for rare earths in Indicated category
Evidence · table
“2,481”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · praseodymium_oxideTonnes: 2000000Grade: 152Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:0824b19b881386d5913f
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 152
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in Capão da Onça includes praseodymium oxide, a critical magnetic rare earth element.
Positive factors
- Presence of a key magnetic rare earth element in Indicated category
Evidence · table
“152”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · neodymium_oxideTonnes: 2000000Grade: 414Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:0824b19b881386d5913f
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 414
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in Capão da Onça includes neodymium oxide, a critical magnetic rare earth element.
Positive factors
- Presence of a key magnetic rare earth element in Indicated category
Evidence · table
“414”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · terbium_oxideTonnes: 2000000Grade: 4Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:0824b19b881386d5913f
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 4
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource includes terbium oxide, a high-value heavy rare earth element.
Positive factors
- Presence of a high-value heavy rare earth element in Indicated category
Evidence · table
“4”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · dysprosium_oxideTonnes: 2000000Grade: 22Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:0824b19b881386d5913f
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 22
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource includes dysprosium oxide, a high-value heavy rare earth element.
Positive factors
- Presence of a high-value heavy rare earth element in Indicated category
Evidence · table
“22”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · mreoTonnes: 2000000Grade: 592Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:0824b19b881386d5913f
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- indicated
- Tonnes
- 2000000
- Grade
- 592
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in Capão da Onça shows a good grade of magnetic rare earth oxides.
Positive factors
- Good grade for magnetic rare earth oxides in Indicated category
Evidence · table
“592”
Context: 2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · treoTonnes: 5000000Grade: 2625Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:7bbcd1776599aa41cf86
- Deposit or zone
- Tamoyo
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 2625
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in Tamoyo contributes to the overall resource with good rare earth grades.
Positive factors
- Good grade for rare earths in Indicated category
Evidence · table
“2,625”
Context: 5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · praseodymium_oxideTonnes: 5000000Grade: 142Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:7bbcd1776599aa41cf86
- Deposit or zone
- Tamoyo
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 142
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in Tamoyo includes praseodymium oxide, a critical magnetic rare earth element.
Positive factors
- Presence of a key magnetic rare earth element in Indicated category
Evidence · table
“142”
Context: 5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · neodymium_oxideTonnes: 5000000Grade: 411Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:7bbcd1776599aa41cf86
- Deposit or zone
- Tamoyo
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 411
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in Tamoyo includes neodymium oxide, a critical magnetic rare earth element.
Positive factors
- Presence of a key magnetic rare earth element in Indicated category
Evidence · table
“411”
Context: 5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · terbium_oxideTonnes: 5000000Grade: 4Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:7bbcd1776599aa41cf86
- Deposit or zone
- Tamoyo
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 4
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource includes terbium oxide, a high-value heavy rare earth element.
Positive factors
- Presence of a high-value heavy rare earth element in Indicated category
Evidence · table
“4”
Context: 5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · dysprosium_oxideTonnes: 5000000Grade: 23Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:7bbcd1776599aa41cf86
- Deposit or zone
- Tamoyo
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 23
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource includes dysprosium oxide, a high-value heavy rare earth element.
Positive factors
- Presence of a high-value heavy rare earth element in Indicated category
Evidence · table
“23”
Context: 5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedColossus Rare Earth Project · mreoTonnes: 5000000Grade: 580Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:7bbcd1776599aa41cf86
- Deposit or zone
- Tamoyo
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 580
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Indicated resource in Tamoyo shows a good grade of magnetic rare earth oxides.
Positive factors
- Good grade for magnetic rare earth oxides in Indicated category
Evidence · table
“580”
Context: 5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · treoTonnes: 60000000Grade: 1892Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c9915539d78300a78277
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 1892
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource in the Northern Concessions adds significant tonnage, but with lower geological confidence.
Positive factors
- Significant tonnage in Inferred category
Negative factors
- Lower confidence Inferred category
Evidence · table
“1,892”
Context: 60
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · praseodymium_oxideTonnes: 60000000Grade: 103Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c9915539d78300a78277
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 103
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes praseodymium oxide, a critical magnetic rare earth element, but with lower geological confidence.
Positive factors
- Presence of a key magnetic rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“103”
Context: 60
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · neodymium_oxideTonnes: 60000000Grade: 328Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c9915539d78300a78277
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 328
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes neodymium oxide, a critical magnetic rare earth element, but with lower geological confidence.
Positive factors
- Presence of a key magnetic rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“328”
Context: 60
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · terbium_oxideTonnes: 60000000Grade: 4Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c9915539d78300a78277
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 4
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes terbium oxide, a high-value heavy rare earth element, but with lower geological confidence.
Positive factors
- Presence of a high-value heavy rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“4”
Context: 60
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · dysprosium_oxideTonnes: 60000000Grade: 20Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c9915539d78300a78277
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 20
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes dysprosium oxide, a high-value heavy rare earth element, but with lower geological confidence.
Positive factors
- Presence of a high-value heavy rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“20”
Context: 60
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · mreoTonnes: 60000000Grade: 455Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c9915539d78300a78277
- Deposit or zone
- Northern Concessions
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 455
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource in the Northern Concessions shows significant tonnage of magnetic rare earth oxides, but with lower geological confidence.
Positive factors
- Significant tonnage of magnetic rare earth oxides
Negative factors
- Lower confidence Inferred category
Evidence · table
“455”
Context: 60
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · treoTonnes: 77000000Grade: 2122Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8d7a70ba151e7230785b
- Deposit or zone
- Southern Complex
Resource Data
- Category
- inferred
- Tonnes
- 77000000
- Grade
- 2122
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource in the Southern Complex adds significant tonnage, but with lower geological confidence.
Positive factors
- Significant tonnage in Inferred category
Negative factors
- Lower confidence Inferred category
Evidence · table
“2,122”
Context: 77
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · praseodymium_oxideTonnes: 77000000Grade: 104Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8d7a70ba151e7230785b
- Deposit or zone
- Southern Complex
Resource Data
- Category
- inferred
- Tonnes
- 77000000
- Grade
- 104
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes praseodymium oxide, a critical magnetic rare earth element, but with lower geological confidence.
Positive factors
- Presence of a key magnetic rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“104”
Context: 77
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · neodymium_oxideTonnes: 77000000Grade: 295Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8d7a70ba151e7230785b
- Deposit or zone
- Southern Complex
Resource Data
- Category
- inferred
- Tonnes
- 77000000
- Grade
- 295
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes neodymium oxide, a critical magnetic rare earth element, but with lower geological confidence.
Positive factors
- Presence of a key magnetic rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“295”
Context: 77
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · terbium_oxideTonnes: 77000000Grade: 4Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8d7a70ba151e7230785b
- Deposit or zone
- Southern Complex
Resource Data
- Category
- inferred
- Tonnes
- 77000000
- Grade
- 4
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes terbium oxide, a high-value heavy rare earth element, but with lower geological confidence.
Positive factors
- Presence of a high-value heavy rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“4”
Context: 77
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · dysprosium_oxideTonnes: 77000000Grade: 21Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8d7a70ba151e7230785b
- Deposit or zone
- Southern Complex
Resource Data
- Category
- inferred
- Tonnes
- 77000000
- Grade
- 21
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes dysprosium oxide, a high-value heavy rare earth element, but with lower geological confidence.
Positive factors
- Presence of a high-value heavy rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“21”
Context: 77
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · mreoTonnes: 77000000Grade: 424Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8d7a70ba151e7230785b
- Deposit or zone
- Southern Complex
Resource Data
- Category
- inferred
- Tonnes
- 77000000
- Grade
- 424
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource in the Southern Complex shows significant tonnage of magnetic rare earth oxides, but with lower geological confidence.
Positive factors
- Significant tonnage of magnetic rare earth oxides
Negative factors
- Lower confidence Inferred category
Evidence · table
“424”
Context: 77
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · treoTonnes: 5000000Grade: 2393Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:645f987fb58b5bd88a5c
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- inferred
- Tonnes
- 5000000
- Grade
- 2393
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource in Capão da Onça contributes to the overall resource with good rare earth grades, but with lower geological confidence.
Positive factors
- Good grade for rare earths in Inferred category
Negative factors
- Lower confidence Inferred category
Evidence · table
“2,393”
Context: 5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · praseodymium_oxideTonnes: 5000000Grade: 132Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:645f987fb58b5bd88a5c
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- inferred
- Tonnes
- 5000000
- Grade
- 132
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes praseodymium oxide, a critical magnetic rare earth element, but with lower geological confidence.
Positive factors
- Presence of a key magnetic rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“132”
Context: 5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · neodymium_oxideTonnes: 5000000Grade: 358Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:645f987fb58b5bd88a5c
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- inferred
- Tonnes
- 5000000
- Grade
- 358
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes neodymium oxide, a critical magnetic rare earth element, but with lower geological confidence.
Positive factors
- Presence of a key magnetic rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“358”
Context: 5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · terbium_oxideTonnes: 5000000Grade: 4Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:645f987fb58b5bd88a5c
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- inferred
- Tonnes
- 5000000
- Grade
- 4
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes terbium oxide, a high-value heavy rare earth element, but with lower geological confidence.
Positive factors
- Presence of a high-value heavy rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“4”
Context: 5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · dysprosium_oxideTonnes: 5000000Grade: 22Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:645f987fb58b5bd88a5c
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- inferred
- Tonnes
- 5000000
- Grade
- 22
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes dysprosium oxide, a high-value heavy rare earth element, but with lower geological confidence.
Positive factors
- Presence of a high-value heavy rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“22”
Context: 5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · mreoTonnes: 5000000Grade: 517Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:645f987fb58b5bd88a5c
- Deposit or zone
- Capão da Onça
Resource Data
- Category
- inferred
- Tonnes
- 5000000
- Grade
- 517
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource in Capão da Onça shows a good grade of magnetic rare earth oxides, but with lower geological confidence.
Positive factors
- Good grade of magnetic rare earth oxides
Negative factors
- Lower confidence Inferred category
Evidence · table
“517”
Context: 5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · treoTonnes: 7000000Grade: 2400Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ed1063c1d7e8429deb2b
- Deposit or zone
- Tamoyo
Resource Data
- Category
- inferred
- Tonnes
- 7000000
- Grade
- 2400
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource in Tamoyo contributes to the overall resource with good rare earth grades, but with lower geological confidence.
Positive factors
- Good grade for rare earths in Inferred category
Negative factors
- Lower confidence Inferred category
Evidence · table
“2,400”
Context: 7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · praseodymium_oxideTonnes: 7000000Grade: 142Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ed1063c1d7e8429deb2b
- Deposit or zone
- Tamoyo
Resource Data
- Category
- inferred
- Tonnes
- 7000000
- Grade
- 142
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes praseodymium oxide, a critical magnetic rare earth element, but with lower geological confidence.
Positive factors
- Presence of a key magnetic rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“142”
Context: 7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · neodymium_oxideTonnes: 7000000Grade: 421Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ed1063c1d7e8429deb2b
- Deposit or zone
- Tamoyo
Resource Data
- Category
- inferred
- Tonnes
- 7000000
- Grade
- 421
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes neodymium oxide, a critical magnetic rare earth element, but with lower geological confidence.
Positive factors
- Presence of a key magnetic rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“421”
Context: 7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · terbium_oxideTonnes: 7000000Grade: 5Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ed1063c1d7e8429deb2b
- Deposit or zone
- Tamoyo
Resource Data
- Category
- inferred
- Tonnes
- 7000000
- Grade
- 5
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes terbium oxide, a high-value heavy rare earth element, but with lower geological confidence.
Positive factors
- Presence of a high-value heavy rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“5”
Context: 7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · dysprosium_oxideTonnes: 7000000Grade: 25Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ed1063c1d7e8429deb2b
- Deposit or zone
- Tamoyo
Resource Data
- Category
- inferred
- Tonnes
- 7000000
- Grade
- 25
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes dysprosium oxide, a high-value heavy rare earth element, but with lower geological confidence.
Positive factors
- Presence of a high-value heavy rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“25”
Context: 7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · mreoTonnes: 7000000Grade: 592Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ed1063c1d7e8429deb2b
- Deposit or zone
- Tamoyo
Resource Data
- Category
- inferred
- Tonnes
- 7000000
- Grade
- 592
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource in Tamoyo shows a good grade of magnetic rare earth oxides, but with lower geological confidence.
Positive factors
- Good grade of magnetic rare earth oxides
Negative factors
- Lower confidence Inferred category
Evidence · table
“592”
Context: 7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · treoTonnes: 19000000Grade: 2544Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:531ad2640e60d597c1c8
- Deposit or zone
- Ribeirão
Resource Data
- Category
- inferred
- Tonnes
- 19000000
- Grade
- 2544
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource in Ribeirão adds significant tonnage and good rare earth grades, but with lower geological confidence.
Positive factors
- Significant tonnage in Inferred category
- Good grade for rare earths
Negative factors
- Lower confidence Inferred category
Evidence · table
“2,544”
Context: 19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · praseodymium_oxideTonnes: 19000000Grade: 159Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:531ad2640e60d597c1c8
- Deposit or zone
- Ribeirão
Resource Data
- Category
- inferred
- Tonnes
- 19000000
- Grade
- 159
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes praseodymium oxide, a critical magnetic rare earth element, but with lower geological confidence.
Positive factors
- Presence of a key magnetic rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“159”
Context: 19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · neodymium_oxideTonnes: 19000000Grade: 455Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:531ad2640e60d597c1c8
- Deposit or zone
- Ribeirão
Resource Data
- Category
- inferred
- Tonnes
- 19000000
- Grade
- 455
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes neodymium oxide, a critical magnetic rare earth element, but with lower geological confidence.
Positive factors
- Presence of a key magnetic rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“455”
Context: 19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · terbium_oxideTonnes: 19000000Grade: 4Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:531ad2640e60d597c1c8
- Deposit or zone
- Ribeirão
Resource Data
- Category
- inferred
- Tonnes
- 19000000
- Grade
- 4
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes terbium oxide, a high-value heavy rare earth element, but with lower geological confidence.
Positive factors
- Presence of a high-value heavy rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“4”
Context: 19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · dysprosium_oxideTonnes: 19000000Grade: 24Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:531ad2640e60d597c1c8
- Deposit or zone
- Ribeirão
Resource Data
- Category
- inferred
- Tonnes
- 19000000
- Grade
- 24
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource includes dysprosium oxide, a high-value heavy rare earth element, but with lower geological confidence.
Positive factors
- Presence of a high-value heavy rare earth element
Negative factors
- Lower confidence Inferred category
Evidence · table
“24”
Context: 19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredColossus Rare Earth Project · mreoTonnes: 19000000Grade: 642Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:531ad2640e60d597c1c8
- Deposit or zone
- Ribeirão
Resource Data
- Category
- inferred
- Tonnes
- 19000000
- Grade
- 642
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-07-09
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Inferred resource in Ribeirão shows a good grade of magnetic rare earth oxides, but with lower geological confidence.
Positive factors
- Good grade of magnetic rare earth oxides
Negative factors
- Lower confidence Inferred category
Evidence · table
“642”
Context: 19
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenColossus Rare Earth Project · treoTonnes: 27400000Grade: 2867Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d8094ee5ed286a18b889
- Deposit or zone
- Northern Total
Resource Data
- Category
- proven
- Tonnes
- 27400000
- Grade
- 2867
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Proved Reserve in the Northern Concessions represents the highest confidence and high-grade portion of the project's economic inventory.
Positive factors
- Highest confidence Proved Reserve category
- High grade for rare earths
Evidence · table
“2,867”
Context: 27.4
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenColossus Rare Earth Project · praseodymium_oxideTonnes: 27400000Grade: 176Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d8094ee5ed286a18b889
- Deposit or zone
- Northern Total
Resource Data
- Category
- proven
- Tonnes
- 27400000
- Grade
- 176
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Proved Reserve includes a substantial grade of praseodymium oxide, a critical magnetic rare earth element, adding to the project's economic value.
Positive factors
- Highest confidence Proved Reserve category
- Significant grade for a key magnetic rare earth element
Evidence · table
“176”
Context: 27.4
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenColossus Rare Earth Project · neodymium_oxideTonnes: 27400000Grade: 549Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d8094ee5ed286a18b889
- Deposit or zone
- Northern Total
Resource Data
- Category
- proven
- Tonnes
- 27400000
- Grade
- 549
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Proved Reserve includes a substantial grade of neodymium oxide, a critical magnetic rare earth element, adding to the project's economic value.
Positive factors
- Highest confidence Proved Reserve category
- Significant grade for a key magnetic rare earth element
Evidence · table
“549”
Context: 27.4
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenColossus Rare Earth Project · terbium_oxideTonnes: 27400000Grade: 6Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d8094ee5ed286a18b889
- Deposit or zone
- Northern Total
Resource Data
- Category
- proven
- Tonnes
- 27400000
- Grade
- 6
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Proved Reserve includes terbium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Highest confidence Proved Reserve category
- Presence of a high-value heavy rare earth element
Evidence · table
“6”
Context: 27.4
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenColossus Rare Earth Project · dysprosium_oxideTonnes: 27400000Grade: 31Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d8094ee5ed286a18b889
- Deposit or zone
- Northern Total
Resource Data
- Category
- proven
- Tonnes
- 27400000
- Grade
- 31
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Proved Reserve includes dysprosium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Highest confidence Proved Reserve category
- Presence of a high-value heavy rare earth element
Evidence · table
“31”
Context: 27.4
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
provenColossus Rare Earth Project · mreoTonnes: 27400000Grade: 762Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d8094ee5ed286a18b889
- Deposit or zone
- Northern Total
Resource Data
- Category
- proven
- Tonnes
- 27400000
- Grade
- 762
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Proved Reserve in the Northern Concessions shows a high grade of magnetic rare earth oxides, which are critical for high-tech applications and economic viability.
Positive factors
- Highest confidence Proved Reserve category
- High grade for magnetic rare earth oxides
Evidence · table
“762”
Context: 27.4
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · treoTonnes: 59100000Grade: 2457Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:458ec101e17c564b9278
- Deposit or zone
- Northern Total
Resource Data
- Category
- probable
- Tonnes
- 59100000
- Grade
- 2457
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve in the Northern Concessions adds significant economic tonnage and good rare earth grades, increasing the project's overall viability.
Positive factors
- Large tonnage in Probable Reserve category
- Good grade for rare earths
Evidence · table
“2,457”
Context: 59.1
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · praseodymium_oxideTonnes: 59100000Grade: 140Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:458ec101e17c564b9278
- Deposit or zone
- Northern Total
Resource Data
- Category
- probable
- Tonnes
- 59100000
- Grade
- 140
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve includes a good grade of praseodymium oxide, a critical magnetic rare earth element, adding to the project's economic value.
Positive factors
- Large tonnage in Probable Reserve category
- Presence of a key magnetic rare earth element
Evidence · table
“140”
Context: 59.1
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · neodymium_oxideTonnes: 59100000Grade: 426Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:458ec101e17c564b9278
- Deposit or zone
- Northern Total
Resource Data
- Category
- probable
- Tonnes
- 59100000
- Grade
- 426
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve includes a good grade of neodymium oxide, a critical magnetic rare earth element, adding to the project's economic value.
Positive factors
- Large tonnage in Probable Reserve category
- Presence of a key magnetic rare earth element
Evidence · table
“426”
Context: 59.1
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · terbium_oxideTonnes: 59100000Grade: 5Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:458ec101e17c564b9278
- Deposit or zone
- Northern Total
Resource Data
- Category
- probable
- Tonnes
- 59100000
- Grade
- 5
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve includes terbium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Large tonnage in Probable Reserve category
- Presence of a high-value heavy rare earth element
Evidence · table
“5”
Context: 59.1
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · dysprosium_oxideTonnes: 59100000Grade: 25Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:458ec101e17c564b9278
- Deposit or zone
- Northern Total
Resource Data
- Category
- probable
- Tonnes
- 59100000
- Grade
- 25
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve includes dysprosium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Large tonnage in Probable Reserve category
- Presence of a high-value heavy rare earth element
Evidence · table
“25”
Context: 59.1
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · mreoTonnes: 59100000Grade: 596Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:458ec101e17c564b9278
- Deposit or zone
- Northern Total
Resource Data
- Category
- probable
- Tonnes
- 59100000
- Grade
- 596
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve in the Northern Concessions shows a good grade of magnetic rare earth oxides, which are critical for high-tech applications and economic viability.
Positive factors
- Large tonnage in Probable Reserve category
- Good grade for magnetic rare earth oxides
Evidence · table
“596”
Context: 59.1
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · treoTonnes: 113600000Grade: 3129Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9267b6332a706099e1c3
- Deposit or zone
- Southern Complex
Resource Data
- Category
- probable
- Tonnes
- 113600000
- Grade
- 3129
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve in the Southern Complex is a very large, high-grade component, significantly contributing to the project's overall economic viability.
Positive factors
- Very large tonnage in Probable Reserve category
- High grade for rare earths
Evidence · table
“3,129”
Context: 113.6
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · praseodymium_oxideTonnes: 113600000Grade: 184Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9267b6332a706099e1c3
- Deposit or zone
- Southern Complex
Resource Data
- Category
- probable
- Tonnes
- 113600000
- Grade
- 184
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve includes a substantial grade of praseodymium oxide, a critical magnetic rare earth element, adding to the project's economic value.
Positive factors
- Very large tonnage in Probable Reserve category
- Significant grade for a key magnetic rare earth element
Evidence · table
“184”
Context: 113.6
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · neodymium_oxideTonnes: 113600000Grade: 544Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9267b6332a706099e1c3
- Deposit or zone
- Southern Complex
Resource Data
- Category
- probable
- Tonnes
- 113600000
- Grade
- 544
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve includes a substantial grade of neodymium oxide, a critical magnetic rare earth element, adding to the project's economic value.
Positive factors
- Very large tonnage in Probable Reserve category
- Significant grade for a key magnetic rare earth element
Evidence · table
“544”
Context: 113.6
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · terbium_oxideTonnes: 113600000Grade: 6Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9267b6332a706099e1c3
- Deposit or zone
- Southern Complex
Resource Data
- Category
- probable
- Tonnes
- 113600000
- Grade
- 6
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve includes terbium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Very large tonnage in Probable Reserve category
- Presence of a high-value heavy rare earth element
Evidence · table
“6”
Context: 113.6
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · dysprosium_oxideTonnes: 113600000Grade: 32Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9267b6332a706099e1c3
- Deposit or zone
- Southern Complex
Resource Data
- Category
- probable
- Tonnes
- 113600000
- Grade
- 32
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve includes dysprosium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Very large tonnage in Probable Reserve category
- Presence of a high-value heavy rare earth element
Evidence · table
“32”
Context: 113.6
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
probableColossus Rare Earth Project · mreoTonnes: 113600000Grade: 766Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9267b6332a706099e1c3
- Deposit or zone
- Southern Complex
Resource Data
- Category
- probable
- Tonnes
- 113600000
- Grade
- 766
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The Probable Reserve in the Southern Complex shows a high grade of magnetic rare earth oxides, which are critical for high-tech applications and economic viability.
Positive factors
- Very large tonnage in Probable Reserve category
- High grade for magnetic rare earth oxides
Evidence · table
“766”
Context: 113.6
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 79Colossus Rare Earth Project · treoTonnes: 200100000Grade: 2894Grade Unit: ppmContained Metal: 579Contained Unit: ktView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- treo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8a5a930ecdd08d3ddef0
Resource Data
- Tonnes
- 200100000
- Grade
- 2894
- Grade Unit
- ppm
- Contained Metal
- 579
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The total Ore Reserve of 200.1 Mt at 2,894 ppm TREO, containing 579 kt TREO, represents a globally significant and economically viable rare earth inventory.
Positive factors
- Large total Ore Reserve tonnage
- High overall TREO grade
- Significant contained TREO
Evidence · table
“2,894”
Context: 200.1
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 80Colossus Rare Earth Project · praseodymium_oxideTonnes: 200100000Grade: 170Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- praseodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8a5a930ecdd08d3ddef0
Resource Data
- Tonnes
- 200100000
- Grade
- 170
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The total Ore Reserve includes a substantial grade of praseodymium oxide, a critical magnetic rare earth element, adding to the project's economic value.
Positive factors
- Large total Ore Reserve tonnage
- Significant grade for a key magnetic rare earth element
Evidence · table
“170”
Context: 200.1
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 81Colossus Rare Earth Project · neodymium_oxideTonnes: 200100000Grade: 510Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- neodymium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8a5a930ecdd08d3ddef0
Resource Data
- Tonnes
- 200100000
- Grade
- 510
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The total Ore Reserve includes a substantial grade of neodymium oxide, a critical magnetic rare earth element, adding to the project's economic value.
Positive factors
- Large total Ore Reserve tonnage
- Significant grade for a key magnetic rare earth element
Evidence · table
“510”
Context: 200.1
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 82Colossus Rare Earth Project · terbium_oxideTonnes: 200100000Grade: 6Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- terbium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8a5a930ecdd08d3ddef0
Resource Data
- Tonnes
- 200100000
- Grade
- 6
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The total Ore Reserve includes terbium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Large total Ore Reserve tonnage
- Presence of a high-value heavy rare earth element
Evidence · table
“6”
Context: 200.1
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 83Colossus Rare Earth Project · dysprosium_oxideTonnes: 200100000Grade: 30Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- dysprosium_oxide
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8a5a930ecdd08d3ddef0
Resource Data
- Tonnes
- 200100000
- Grade
- 30
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The total Ore Reserve includes dysprosium oxide, a high-value heavy rare earth element, contributing to the overall economic potential.
Positive factors
- Large total Ore Reserve tonnage
- Presence of a high-value heavy rare earth element
Evidence · table
“30”
Context: 200.1
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Fact 84Colossus Rare Earth Project · mreoTonnes: 200100000Grade: 715Grade Unit: ppmView all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8a5a930ecdd08d3ddef0
Resource Data
- Tonnes
- 200100000
- Grade
- 715
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-08-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The total Ore Reserve shows a high overall grade of magnetic rare earth oxides, which are critical for high-tech applications and economic viability.
Positive factors
- Large total Ore Reserve tonnage
- High overall MREO grade
Evidence · table
“715”
Context: 200.1
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Metallurgical Results (1)
pilot plantColossus Rare Earth Project · mreoRecovery: 79.9 %View all detailsHide details
Identity
- Project
- Colossus Rare Earth Project
- Commodity
- mreo
- Region
- poços de caldas alkaline complex
- Reported Region
- Poços de Caldas Alkaline Complex
- Ticker
- VMM
Test Work
- Program Status
- detailed
- Test Type
- pilot plant
- Processing Route
- Beneficiation → Leaching → Impurity Removal → MREC Precipitation
Recovery
- Recovery
- 79.9 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-23T00:00:00.000Z
Reasoning: The 79.9% median MREO recovery from continuous demonstration plant operations validates and exceeds DFS assumptions, de-risking the commercial flowsheet and metallurgical performance.
Positive factors
- High recovery for MREO
- Pilot scale testwork completed
- Recovery validated and exceeded DFS assumptions
Evidence · text
“79.9% JULY MEDIAN MREO RECOVERY >76NC –78SC% DFS BASIS”
Tags used in scoring
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: test_type names pilot-scale work
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.