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Viridis Mining Unveils 140% Resource Surge at Colossus, Sets New Rare Earth Benchmark

4:20am on Monday 2nd of June, 2025 AEST Mining
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Viridis Mining Unveils 140% Resource Surge at Colossus, Sets New Rare Earth Benchmark

4:20am on Monday 2nd of June, 2025 AEST
Key Points
  • 140% increase in Colossus JORC Mineral Resource Estimate to 493Mt @ 2,508ppm TREO
  • Scoping Study projects pre-tax NPV8 of US$1.43 billion at US$90/kg NdPr price
  • Colossus confirmed as lowest-cost rare earth producer with 20-year mine life
  • Key environmental approvals submitted, including EIA and land use certificate
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