VMM.ASX: Financing Milestone Via Major Measured Resource Upgrade

Financing Milestone Via Major Measured Resource Upgrade

Stock	Viridis Mining and Minerals Ltd (VMM.ASX)
Release Time	9 Jul 2026, 8:51 a.m.
Price Sensitive	Yes

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Viridis Mining Announces Major Resource Upgrade

Key Points

Resource upgrade to 473Mt @ 2,505ppm TREO and 592ppm MREO
Significant increase in Measured and Indicated Mineral Resource
High-grade feed of 97Mt @ >4,000ppm TREO and >1,000ppm MREO

Full Summary

Viridis Mining and Minerals Limited announced a substantial upgrade in its Colossus ionic adsorption clay rare earth project's mineral resource. The updated Mineral Resource Estimate (MRE) now stands at 473 million tonnes with a grade of 2,505 parts per million total rare earth oxide (TREO) and 592 parts per million magnetic rare earth oxide (MREO). The upgrade highlights the project's exceptional quality and development potential, with a significant high-grade feed of 97 million tonnes grading over 4,000ppm TREO and 1,000ppm MREO. The substantial Measured Mineral Resource supports the anticipated conversion of the initial production schedule to Proven Ore Reserves as part of the Definitive Feasibility Study (DFS), satisfying a key technical requirement for project debt financing. The Colossus Project continues to set the global benchmark for ionic adsorption clay rare earth developments through its combination of world-class scale, exceptional grade, and proven reserve conversion pathway.