Each one in plain English, with the numbers worked through for a shareholder.
29 Jan 2025director officer appointment● NeutralMajor
Viridis says it is shifting from exploration to development, with focus on economic studies, permitting, financing and offtakes, while still planning more Southern Complex drilling. CEO Rafael Moreno's pay package was changed (terms in a schedule not shown); director Jose Guedes, ex-Serra Verde COO, to take a more hands-on role.
28 Jan 2025regulatory community update▲ GoodMajor
Viridis lodged its environmental impact assessment for a Preliminary License, the first of three approval steps, covering the Northern Concessions, and received Poços de Caldas municipal land-use certificate. Company says the Installation License and construction remain targeted for Q3 2026.
22 Jan 2025resource reserve update▲ GoodMajor
Colossus resource upgraded 140% to 493Mt at 2,508ppm TREO (601ppm magnet rare earths), up from the 201Mt maiden estimate of June 2024. Includes 329Mt measured and indicated, and a 106Mt zone above 4,000ppm. Scoping Study to follow.
22 Jan 2025investor presentation● Neutral
Invitation to a webinar on the same day to present the updated resource estimate. Repeats the 493Mt resource figures; no new information.
12 Dec 2024well test result▲ GoodMajor
ANSTO produced the maiden Southern Complex carbonate: 78% overall magnet rare earth recovery, 58% TREO, about 0.7% impurities. Similar to the Northern product (76%). Completes metallurgical testing; resource update, first environmental permit filing and Scoping Study are next.
4 Dec 2024drilling result▲ Good
Final batch of Southern Complex drilling assays, including hole CS-RC-0541: 50m at 8,462ppm TREO from surface, the best at Colossus so far. All grid assays are now in for the pending resource upgrade; the environmental impact assessment is near submission.
20 Nov 2024investor presentation● Neutral
Conference presentation on Colossus. Shows 71.9m shares, $0.485 price, $34.9m market value, and cash of $5.2m (30 Sep plus the $4m raise), no debt. Repeats known project information.
14 Nov 2024well test result▲ Good
ANSTO tests on a 41kg Southern Complex composite (4,561ppm TREO) recovered 83% of magnet rare earths at the cheaper pH 4.5, 0.3M setting. Higher than earlier Northern results (76% as carbonate). Carbonate production from this sample is next.
6 Nov 2024joint venture update▲ GoodMajor
Viridis and Ionic Rare Earths formed Viridion (Australian and Brazilian companies) as the vehicle for their April 2024 refining and recycling joint venture. Scoping studies planned January 2025; a non-binding MoU was signed with SENAI/FIEMG's Lab Fab magnet laboratory. No funding amounts stated.
30 Oct 2024drilling result▲ Good
Reverse-circulation drilling at Cupim South returned thick, high-grade intercepts, e.g. 50m at 2,999ppm TREO from surface and 14m at 6,644ppm. 75% of assays are in; an updated resource and Scoping Study follow. Cupim South maiden carbonate testing has begun.
14 Oct 2024capital raising announcement● NeutralMajor
Viridis raised A$4m via a placement of about 7.69m shares at $0.52, a 9.57% discount to last close, well below the $1.25 April raise. Tranche two (~A$0.9m) needs approval at the 29 November AGM. Company says funding runs through the DFS if options are exercised.
What it means for a shareholder
7.7m new shares at $0.520 to raise about $4.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
24 Sept 2024well test result▲ GoodMajor
ANSTO produced Colossus's maiden mixed rare earth carbonate from Northern Concessions clay: 76% overall magnet rare earth recovery, 60% TREO concentration, about 1% impurities. Delivers the further metallurgy work flagged earlier; CEO says pre-feasibility study and updated resource are next.
20 Sept 2024annual report● Neutral
Annual report for year to 30 June 2024, reviewing Colossus acquisition (1 Aug 2023), 201Mt maiden resource, 15,000m+ drilling and ANSTO recoveries of 76% Nd+Pr. Mostly repeats known news; financial figures not visible in the text shown.
20 Sept 2024other● Neutral
Appendix 4G, the checklist pointing to the corporate governance statement for the year to 30 June 2024, lodged with the annual report. Administrative notice with no new substance.
20 Sept 2024other● Neutral
Corporate governance statement as at 20 September 2024, set against ASX recommendations. Text shown indicates compliance with most, partial on gender diversity objectives. Administrative; no new business information.
28 Aug 2024drilling result▲ Good
Cupim South auger hole CS-AG-0085 returned 21m at 15,339ppm TREO from surface, and maiden Centro Sul auger drilling showed grades up to 6,666ppm. Cupim South now holds mining licence status; 210+ holes await assays. Maiden MREC production said to be near.
15 Aug 2024admin correction▼ Bad
Viridis retracted the CEO's statements on Colossus project economics in the 13 August release, saying there was 'no reasonable basis' for them. Investors should not rely on them. Second retraction after the 11 July one on presentation statements.
13 Aug 2024asset acquisition disposition▲ Good
Viridis bought seven small tenements next to Centro Sul and Cupim South for about A$131k total (198.49ha), taking its contiguous southern holding to 1,732ha. To be explored and included in the next resource upgrade. Project-economics comments in it were retracted two days later.
30 July 2024drilling result▲ Good
Step-out auger drilling next to the Cupim South resource found a continuous zone above 4,000ppm TREO, e.g. CS-AG-0173 9m at 6,551ppm from surface. Company says current high-grade feed is 47Mt at 4,000ppm and may grow; no resource change yet.
17 July 2024well test result▲ Good
ANSTO bulk test on a 40kg Northern Concessions composite (4,472ppm TREO) recovered 76% of Nd+Pr and 65% of Dy+Tb under standard conditions. Good recoveries held at lower reagent strength and higher pH. Continues the metallurgy thread feeding the Scoping Study.
11 July 2024admin correction▼ Bad
Viridis retracted two statements in the 9 and 10 July presentations about a production facility and its capacity, saying there was 'no reasonable basis' for them. Investors should not rely on them. Reflects poorly on disclosure; no operational change.
10 July 2024investor presentation● Neutral
Amended version of the 9 July conference presentation, with the same corporate data. The text shown does not say what changed; the retraction on 11 July concerns statements in both versions.
9 July 2024investor presentation● Neutral
Brazil Virtual Resources Conference presentation. Shows 64.26m shares, $1.18 share price, $75.8m market cap, cash $8.585m and no debt. Mostly repeats known facts; two statements in it were later retracted (see 11 July).
3 July 2024asset acquisition disposition▲ GoodMajor
Cupim South mining licences and Centro Sul exploration licences granted and transferred to Viridis, with Tamoyo option also exercised. Cupim South extension cost about A$322k for 9.98km2. Cupim South and Centro Sul form a 17.69km2 corridor. About 1.5km2 of other licences not taken up. 102+ holes pending.
14 June 2024auditor change● Neutral
RSM Australia appointed auditor after Hall Chadwick WA Audit resigned with ASIC consent. The board says it chose RSM for its experience with similar-sized resource companies. Shareholders will vote to confirm the appointment at the next AGM.
12 June 2024drilling result▲ Good
Step-out auger drilling outside the Cupim South resource area found zones up to 7,000ppm+ TREO (e.g. CS-AG-153 8m at 7,856ppm), with follow-up RC drilling started. Infill results at Northern Concessions also strong. Supports possible future resource growth; no resource change yet.
4 June 2024resource reserve update▲ GoodMajor
Maiden JORC resource for Colossus: 201Mt at 2,590ppm TREO (1,000ppm cut-off), 26% magnet rare earths, including 62Mt Indicated. Cupim South holds 28Mt at 3,061ppm. Resource covers only about 7% of the project area. This delivers the long-awaited Q2 2024 resource.
9 May 2024investor presentation● Neutral
May 2024 investor presentation. Shows 63.76m shares, $1.43 share price, $91.17m market cap and $8.585m cash post-raise (2 May), no debt. Largely repeats known facts; no new announcement visible in the text shown.
8 May 2024drilling result▲ Good
Seventh Colossus assay batch: scout auger drilling found mineralisation on 8 previously untested concessions, e.g. FC-AG-002 13m at 7,632ppm TREO. Initial drilling on the Cupim South Extension doubled the mineralised footprint. Maiden resource still guided to June 2024, Scoping Study Q3 2024.
23 Apr 2024security holder rights change● Neutral
Following the 16 April meeting, a new class of Performance Shares was created, which formally varies existing shareholders' rights. Five classes of 500,000 convert on Inferred resources of 100Mt-500Mt at 1,500ppm TREO, mostly at Centro Sul. They carry no votes or dividends.
