Viridis Mining: Strategic Colossus Project Gains Global Significance

Viridis Mining and Minerals Ltd (ASX: VMM) has reaffirmed the strategic importance of its Colossus Ionic Adsorption Clay (IAC) Rare Earths Project following China’s decision to impose new export restrictions on key rare earth elements. With China controlling the vast majority of global Dysprosium and Terbium supply, Colossus emerges as a significant alternative. The project boasts the world’s highest measured and indicated grades for these critical heavy rare earths, with planned production expected to reach up to 156 tonnes annually. It could meet 6% of global demand for Dysprosium and Terbium by 2028. The project also shows strong recovery rates and competitive costs, with a low US$6.0/kg operating cost. Colossus holds additional supply potential for other critical elements like Samarium, Gadolinium, and Yttrium, essential to industries from defence to electronics. With robust economics, global interest, and sustainable development practices, Colossus is positioned to challenge China’s rare earth dominance and support global supply chain resilience.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com