An announcement from Viridis Mining and Minerals Limited ( (AU:VMM) ) is now available.
Viridis Mining and Minerals Limited has announced the results of its Scoping Study for the Colossus Rare Earth Element Project, highlighting its potential as a globally significant source of rare earth elements. The study reveals strong economic indicators, including a pre-tax NPV of US$1.43 billion and a 43% IRR, along with a 20-year mine life and competitive cost structure. The project is positioned for premium market pricing due to its high-value product composition and potential strategic partnerships, leveraging renewable energy and existing infrastructure.
More about Viridis Mining and Minerals Limited
Viridis Mining and Minerals Limited operates in the mining industry, focusing on the extraction and development of rare earth elements. The company is involved in projects that aim to produce critical materials for various high-tech applications, emphasizing cost-competitive and environmentally friendly operations.
YTD Price Performance: -3.03%
Average Trading Volume: 167,404
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$787.7K
For detailed information about VMM stock, go to TipRanks’ Stock Analysis page.