Viridis Mining Reports Strong Assay Results at Colossus Rare Earths Project in Brazil
Viridis Mining and Minerals has announced positive assay results from its Colossus rare earths project in Brazil, showing high-grade findings from infill drilling. The results indicate a significant uplift in mineral resource estimates and support an upcoming definitive feasibility study (DFS) targeting a final investment decision (FID) by Q3 2026. The project's global mineral resource estimate is 498 million tonnes at 2508ppm TREO and 601ppm MREO, with ongoing exploration programs further enhancing growth potential.
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Viridis Mining and Minerals has reported strong assay results from its Colossus rare earths project in Brazil, highlighting exceptional near-surface grades of heavy rare earth elements dysprosium and terbium. Key intercepts include 12m at 6082ppm TREO and 4857ppm MREO.
The results from infill drilling confirm continuity and are expected to enhance the project's mineral resource update ahead of a final investment decision targeted for Q3 2026. The project currently has an estimated 498 million tonnes at 2508ppm TREO and 601ppm MREO. Ongoing drilling and exploration programs continue to demonstrate growth potential.
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