Viridis Mining and Minerals Limited (AU:VMM) has released an update.
Viridis Mining and Minerals Limited has issued a positive Quarterly Activities Report, highlighting the issuance of a JORC-Compliant Maiden Mineral Resource Estimate for their Colossus Rare Earth Ionic Adsorption Clay Project, which shows promising results with high recovery rates of rare earth elements. Furthermore, only 7% of the project area has been explored, suggesting significant growth potential. The report also includes the completion of key drilling activities, new discoveries, and the successful raise of A$8 million through an oversubscribed placement.
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