Viridis Mining and Minerals (VMM) Investor presentation summary

Project overview and execution readiness

• Colossus Rare Earth Project is bankable and execution-ready, with a validated demonstration plant, proved ore reserves, advanced offtake terms, and clear execution planning for financing and development.

• Definitive Feasibility Study (DFS) completed in August 2026, confirming technical and commercial viability.

• Advanced engineering, procurement, and permitting workstreams are in place, with a preferred EPCM contractor identified and critical procurement packages advanced.

• Installation Licence application submitted, with preliminary licence secured and production targeted for 2028.

Financial highlights and project economics

• Pre-tax NPV of US$1.87bn and after-tax IRR of 36.4%, with initial CAPEX of US$449m and a payback period of 2.7 years.

• Project targets US$8.54bn in revenue over a 25-year operating life, with an EBITDA margin of ~70%.

• C1 operating cost is US$9.84/kg REO, positioning Colossus as the lowest-cost rare earth producer globally.

• Strong cash generation with cumulative post-tax cash flow of US$3.48bn over 25 years.

Ore reserves, production profile, and operational flexibility

• Ore Reserve of 200.1Mt at 2,894ppm TREO underpins a 25-year production target, with significant inventory for future expansion.

• Majority of first five years’ production is from proved ore reserves, ensuring high confidence in early output.

• 5Mtpa operation delivers consistent annual NdPr production of ~2,843tpa and MREO production of ~2,967tpa.

• Mining sequence flexibility enabled by expanded tenure and high-grade corridors east of the processing facility.