‘Big tick’: Viridis positions for global leadership with Colossus pre-feasibility study

Viridis Mining and Minerals (ASX:VMM) has this week wrapped up a pre-feasibility study for its flagship Colossus Project it says perfectly positions it for a global leadership role in the Western market moving forward.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

To break down the “world-class economics” and what it means, Viridis’ CEO, Rafael Moreno, joined HotCopper’s Jonathon Davidson in a Watchlist interview.

“The economics are pretty stellar,” Mr Moreno told HotCopper. “We typically break economics down into foundational blocks, and [the main one is] our resource: We have over 1,000ppm of the magnetic earth oxides as our feed source for life of mine, and that’s higher than our peers’ total rare earth oxides.”

“That’s a big tick,” he lauded, “and it helps with the company’s economics.”

VMM added nearly +2% in value on Thursday’s news, to 55cps.

Join the discussion: See what HotCopper users are saying about Viridis Mining and Minerals and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.