Overview of latest drilling results and strategic significance

Viridis Mining & Minerals (ASX: $VMM) has reported the sixth set of assays from the Colossus IAC REE Project, showcasing continuous high-grade discoveries. The results will be integrated into the resource model for Cupim South, strengthening the maiden resource estimate. The company has made fresh discoveries at separate prospects, demonstrating the homogenous nature of mineralisation across the Alkaline Complex. The Tamoyo Prospect has revealed the highest individual peak grade at Colossus to date, while Fazenda continues to deliver on its heavy rare earth potential. The strategic significance of these discoveries positions Viridis as a leading player in the rare earth elements sector.

Executive commentary on recent discoveries and strategic positioning

I'm extremely pleased, considering we've made two new greenfield discoveries at opposite ends of the Complex, reaffirming the homogenous nature of the mineralisation, whilst the infill drilling at Cupim South has returned the thickest intercept to date and auger drilling at Fazenda continues to unlock its remarkable near-surface and high-grade heavy rare earth potential. Fazenda is proving itself to be an incredibly critical part of the Colossus Project, being the only known location in the Complex which hosts surface level high-grade heavy rare earths within a granted mining license and bodes well for the output from our initial Scoping study. Our consistent investment into greenfield exploration is also paying off, as for each of the last three batches we've discovered record breaking grades - this time within a Mining License from maiden RC and diamond drilling, returning an impressive 15m @ 6,153ppm TREO. The results we've released to date and strategic location of Colossus gives the team incredible confidence that we are well placed to be the leading Ionic Adsorption Clay resource in the Alkaline Complex, with the MoU's signed by the state and local municipality providing a de-risked pathway for our approvals and recent JV with lonic Rare Earths (ASX: $IXR) providing a de-risked pathway to the qualification of the downstream technology. We look forward to building the resource for Colossus and updating our shareholders with further exploration and metallurgical results into the near future.

Summary of latest drilling results and future outlook

The latest drilling results from Viridis Mining & Minerals (ASX: $VMM) demonstrate the company's continuous success in making high-grade discoveries at the Colossus IAC REE Project. The strategic positioning of the discoveries, particularly at the Tamoyo and Fazenda prospects, highlights the company's potential to become a leading player in the rare earth elements sector. With the sixth batch of assays to be integrated into the resource model, there is a strong outlook for the development of a potential globally significant resource. The company's consistent investment in greenfield exploration is yielding record-breaking grades, providing confidence in its position as the leading Ionic Adsorption Clay resource in the Alkaline Complex. As the company progresses with metallurgical work, resource modelling, and permitting, it looks forward to updating shareholders with further exploration and metallurgical results in the near future.