• Demonstration plant construction and commissioning progressing, operational license received
• Definitive Feasibility Study on track for completion in Q2 2026
• Installation License application advancing, submission targeted for early May 2026

Viridis Mining and Minerals Limited (ASX: VMM) delivered a quarterly update on the progress of its flagship Colossus Rare Earth Project in Brazil. The key highlights include:- The Mixed Rare Earth Carbonate (MREC) demonstration plant within the Company's Rare Earth Research and Processing Centre (CPTR) progressed significantly, with all equipment delivered and installed. Viridis received its Operational License and has commenced installation and commissioning of the production facility.- The Definitive Feasibility Study (DFS) continues to advance, with facility layout and core engineering largely completed. Metallurgical test work, geotechnical surveys, and procurement of long lead items are also progressing.- The Installation License (IL) application for the commercial facility was advanced, with key technical and environmental workstreams progressing and ongoing engagement with regulatory authorities. Viridis is targeting submission of the IL dossier by early May 2026.- The EPCM contractor selection process formally commenced, with Expressions of Interest issued and Invitations to Tender subsequently issued to shortlisted parties.- Viridis continued its resource conversion and exploration drilling program, completing 339 holes for a total of 5,834 metres drilled during the quarter.- Viridis' 50% owned Joint Venture, Viridion, advanced discussions with MagBrás regarding the potential supply of rare earth oxides to the Brazilian market and continued progress on the Centre for Rare Earths Innovation, Technology and Recycling (CRITR) facility in Poços de Caldas.