Quarterly Activities/Appendix 5B CashFlow Report-Replacement

• Significant progress on Colossus Rare Earth Project in Brazil
• Demonstration plant commissioned, Definitive Feasibility Study advancing
• Installation License application progressing, EPCM contractor selection ongoing

Viridis Mining and Minerals Limited (ASX: VMM) provided a detailed quarterly update on the progress of its flagship Colossus Rare Earth Project in Brazil. Key highlights include the completion of the procurement and commissioning of the integrated, continuous-operation Demonstration Plant, which is designed to process 100kg/hr of clay feed and is believed to be among the largest of its kind outside China. The Definitive Feasibility Study continues to advance, with facility layout and core engineering largely completed, and metallurgical testwork progressing. The Installation License application for the commercial facility is also progressing, with Viridis aiming to submit the dossier by early May 2026. The EPCM contractor selection process has commenced, with formal Invitations to Tender issued to shortlisted parties. Viridis also reported on its ongoing infill and exploration drilling program, corporate developments, and the progress of its Viridion joint venture, which is focused on developing a rare earth refining and recycling hub in Brazil.