Viridis Mining and Minerals (ASX: $VMM) Quarterly Activity Report - 31 March 2024

Viridis Mining and Minerals Limited (ASX: $VMM) is pleased to present its Quarterly Activity Report for the quarter ending 31 March 2024. The company reported outstanding drilling results, including remarkable high-grade zones within the Fazenda Mining Licence in the Northern Concessions and Cupim South, with peak grades above 24,000ppm TREO. Viridis also signed a joint venture with lonic Rare Earths Limited, positioning the Colossus Project to become the first producer of refined Rare Earth Oxides in Brazil.

Executive Commentary

The Company is excited to report the breakthrough discoveries at the Northern Concessions and Cupim South, which have unlocked new regions of the Alkaline Complex for the Colossus Project. The signing of a joint venture with lonic Rare Earths Limited is a significant milestone, positioning the Colossus Project to lead in the production of refined Rare Earth Oxides in Brazil.

Summary

Viridis Mining and Minerals (ASX: $VMM) achieved breakthrough discoveries with outstanding drilling results in the Northern Concessions and Cupim South, reporting peak grades above 24,000ppm TREO. The company also signed a joint venture with lonic Rare Earths Limited, positioning the Colossus Project to become the first producer of refined Rare Earth Oxides in Brazil. The Company's ambitions include expanding its land position, completing a successful placement, and conducting widespread bulk metallurgical testing. The outlook appears positive with the Company's engagement of leading professional services firm, Hatch Pty Ltd, to deliver a Scoping Study for the Colossus Project and general Engineering Support.