Viridis Mining and Minerals Limited (AU:VMM) has released an update.
Viridis Mining and Minerals Limited has reported substantial high-grade rare earth oxide mineralization at their Cupim South and Centro Sul sites, with drilling results indicating a significant expansion of the high-grade zone, essential for the Colossus Project development. The company has also achieved a strategic milestone by securing four mining licenses for key areas of the project, which are expected to bolster its robust basket value and high margin strategy. In addition, Viridis is progressing with environmental studies and permits, and anticipates the production of mixed rare earth carbonate (MREC) imminently, marking a pivotal advancement in their operational timeline.
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