Colossus Project Confirmed as Major Rare Earth Source in Viridis PFS

Viridis Advances Rare Earth Ambitions

Viridis Mining and Minerals Limited (ASX, VMM) is preparing to share the results of its Pre-Feasibility Study (PFS) for the Colossus Rare Earth Element Project, a development that promises to elevate the company’s profile in the critical minerals sector. Scheduled for 9 July 2025, the investor webinar will provide a comprehensive overview of the study’s findings, reinforcing Colossus’s status as a globally significant rare earth deposit.

From Scoping to Pre-Feasibility, Building Momentum

This PFS builds on the groundwork laid by the earlier Scoping Study announced in February 2025, which first identified Colossus’s potential. The latest study reportedly confirms not only the project’s robust economic fundamentals but also an exceptional rare earth oxide (REO) basket composition, a key factor in determining the value and marketability of rare earth projects. While detailed financial metrics remain under wraps until the webinar, the company’s messaging suggests strong industry-leading economics.

Engaging Investors and Stakeholders

Chief Executive Officer Rafael Moreno will host the session, offering investors and analysts a chance to engage directly with the management team during a live Q&A. This interactive format underscores Viridis’s commitment to transparency and investor relations at a pivotal stage of project development. The webinar will be accessible online, reflecting the company’s intent to reach a broad audience amid growing global interest in rare earth elements, which are critical to technologies ranging from electric vehicles to renewable energy infrastructure.

Strategic Implications for the Rare Earth Sector

The Colossus Project’s advancement comes at a time when supply chain security for rare earth elements is a strategic priority worldwide. Viridis’s confirmation of Colossus as a world-leading source could position the company as a key player in addressing this demand. However, the market will be keenly awaiting further details on capital requirements, production timelines, and potential partnerships, which will be crucial to translating the PFS’s promise into operational reality.

Looking Ahead

As Viridis prepares to release the full PFS results, the mining community and investors alike will be watching closely. The upcoming webinar represents a critical juncture for the company to solidify confidence and outline the next steps toward project development and financing.