Viridis Mining and Minerals (VMM) Investor Presentation summary

Project overview and strategic positioning

• Colossus Ionic Clay Project targets rare earths in the Poços de Caldas Alkaline Complex, with a 261 km² landholding and a globally significant maiden resource estimate of 201Mt @ 2,590ppm TREO, including 668ppm MREO content (26%).

• The project benefits from homogenous mineralisation, high grades (up to 27,000ppm), and significant heavy rare earth oxide (HREO) content from surface.

• Strategic MoUs with both state and local governments de-risk regulatory and environmental approvals, facilitating fast-tracked project development.

• The local community is supportive, with established mining infrastructure and workforce.

• The project is the only one in the complex with both local and state government agreements.

Resource and exploration highlights

• Maiden JORC-compliant resource: 201Mt @ 2,590ppm TREO, 668ppm MREO, 26% MREO/TREO, and high DyTb content (32ppm at 1,000ppm cut-off).

• Cupim South deposit stands out with 28Mt @ 3,061ppm TREO and 857ppm MREO, making it one of the highest-grade IAC deposits globally.

• Ongoing drilling continues to expand high-grade zones, with intercepts up to 21m @ 15,339ppm TREO and all auger intercepts open at depth.

• Only 6% of the total landholding is covered by the current resource, indicating significant expansion potential.

• Updated resource estimate and further exploration results expected in early 2025.

Metallurgy, flowsheet, and downstream integration

• Metallurgical testing demonstrates high recoveries: up to 83% MREO in the Southern Complex and 76% in the Northern Concessions using low-cost, environmentally friendly processes.

• Flowsheet uses benign reagents (ammonium sulfate, pH 4.5), with low impurity levels (~1%) and no tailings dams, supporting low OPEX and high uptime.

• Mixed Rare Earth Carbonate (MREC) product achieves a basket value of $30/kg, with 39% MREO/TREO after leaching.

• Joint venture with Ionic Rare Earths (IXR) provides access to advanced separation, refining, and recycling technology, enabling production of individual rare earth oxides and downstream integration.

• The JV offers exclusive rights to commercialise selective separation and recycling technology in Brazil, with a 50/50 ownership structure.