Viridis Mining and Minerals Ltd
VMM: Goldman Sachs Rare Earth Day Presentation
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.