Viridis Mining's latest drilling results at Colossus rare-earth project in Brazil show promising upgrades. Infill drilling at Northern Concessions revealed consistently higher grades than initial block model estimates, particularly for critical minerals dysprosium and terbium. Key assays include 12m at 6,082ppm total rare earth oxides, significantly exceeding previous projections. Exploration auger results also confirmed a continuous high-grade magnet rare earth oxides corridor, suggesting potential for expanded resource boundaries. Management anticipates these findings could materially improve project economics and revenue potential. The company is advancing geotechnical and mineralogical studies to support a definitive feasibility study targeted for 2026, with potential project execution in Q3 2026.
