Viridis Mining and Minerals (VMM) Company Presentation summary

Project overview and strategic positioning

• Colossus project targets rare earths in the Poços de Caldas Alkaline Complex, the largest such complex in the Southern Hemisphere, with strong local community and government support for mining operations.

• The project holds a strategic land position, with only 11% of its 261 km² landholding currently covered by the resource estimate, indicating significant exploration upside.

• Colossus is the most advanced and financially robust rare earth project in the region, with agreements in place with both local and state governments to facilitate development.

Resource size, grade, and exploration

• Global resource stands at 493Mt @ 2,508ppm TREO and 601ppm MREO, with 329Mt @ 659ppm MREO in the measured and indicated category, the highest grade globally for IAC resources.

• Only 28 km² of the total area has been explored, with significant potential for further resource growth in adjoining unexplored ground.

• Infill drilling in Northern Concessions has shown high-grade intercepts, supporting a de-risked pathway to production.

Metallurgy, processing, and environmental approach

• Industry-leading recoveries of 76% MREO (Northern) and 78% MREO (Southern) achieved via simple, low-cost ammonium sulfate leaching at room temperature.

• C1 OPEX of US$6.2/kg TREO positions Colossus as the lowest-cost REE producer globally, with environmentally friendly processing and low impurities.

• No tailings dam required; dry stacking and backfilling minimize environmental impact.