Each one in plain English, with the numbers worked through for a shareholder.
20 Nov 2023drilling result▲ GoodMajor
First Colossus assays confirm thick, high-grade clay: CS-DDH-003 returned 46m at 3,285ppm TREO, and CS-DDH-001 24m at 4,573ppm. Diamond holes average 26m thick at 3,086ppm. This resolves the awaited-assays thread; over 170 holes remain pending.
20 Nov 2023other● Neutral
ASX notice that the suspension will lift once Viridis releases its Colossus drill assay results. Administrative, no new information.
17 Nov 2023other● Neutral
Voluntary trading suspension at Viridis's request, pending release of Colossus drill assay results, expected on or before 20 November 2023. Procedural step ahead of the first assays flagged for November.
10 Nov 2023asset acquisition disposition▲ GoodMajor
Viridis signed a binding option over a further 53.88km2 of Poços de Caldas licences, lifting Colossus to 144.57km2. It pays US$25,000 now, then US$1,000-1,200/ha on exercise within 6 months, plus 2.5m performance shares to vendors.
30 Oct 2023quarterly activities report● Neutral
Quarterly report to 30 September 2023 recaps the Colossus acquisition, the extra 34.5km2 of licences (total 90.69km2), the start of drilling and the 51% South Kitikmeot earn-in. Mostly repeats known facts; no new figures in the text shown.
26 Oct 2023capital raising announcement▲ GoodMajor
Viridis raised about A$3.09m through a placement of 3,250,000 shares at $0.95, a 12% discount to the last close, with Sixty Two Capital cornering A$1.0m. Funds go to Colossus drilling, metallurgy and a maiden resource. Lead manager fee is 6%.
What it means for a shareholder
3.3m new shares at $0.950 to raise about $3.1m. 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.
20 Oct 2023drilling result▲ GoodMajor
First Colossus diamond holes hit thick clay: 87m at Cupim South, about 50m at Carijo and 47m at Fazenda. These are geology intercepts, not assays; 120 holes are done and rare earth grades are awaited. Clay thickness is a positive sign for the planned maiden resource.
12 Oct 2023drilling result▲ GoodMajor
Fuller Smoky assays show thicker halloysite: 8m at 74.6% from 10m in VS23-06 and 7m at 78.7% from 3m in VS23-07. This extends the earlier 63% over 4m result. More samples are still awaiting analysis.
10 Oct 2023agm notice● Neutral
2023 annual general meeting set for 28 November 2023, with director nominations closing 17 October. Notice of meeting to follow in late October. Administrative notice only.
3 Oct 2023drilling progress report▲ Good
Colossus drilling expanded to Phase II with diamond and air-core rigs, now five rigs running at once, starting at Cupim South and Sien. The aim is to test clay depth beyond the 20m auger limit, which would support a maiden resource.
28 Sept 2023annual report● Neutral
Annual report for the year to 30 June 2023. The text shown covers the directors' report and risk factors, noting ongoing operating losses until projects realise value. No new figures appear in the portion provided.
28 Sept 2023admin correction● Neutral
Appendix 4G, the checklist accompanying the governance statement, lodged 28 September 2023. Administrative form with no new business information.
28 Sept 2023admin correction● Neutral
Corporate governance statement dated 28 September 2023, accompanying the annual report. It reports compliance with most ASX recommendations; the shown text says it has no measurable gender diversity objectives. Administrative, no new business information.
20 Sept 2023investor presentation● Neutral
September 2023 Colossus investor presentation. Lists 45,739,556 shares, a $0.99 share price (18 Sept), $45.28m market cap, $1.94m cash at 30 June 2023 (stated post-raise basis in the text) and nil debt. Mostly repeats known facts.
14 Sept 2023drilling spud▲ GoodMajor
Maiden drilling has started at Colossus, with three auger rigs run by HIDROEX working all four Phase I prospects at once. First holes go into Carijo. This follows the 4 September contract and the 13 September completion of the acquisition.
13 Sept 2023farm in farm out completion▲ GoodMajor
Colossus acquisition completed after shareholders approved all resolutions on 12 September 2023. The A$2.2m placement, cornerstoned by Ionic Rare Earths with A$600k, is reported complete and funds the maiden exploration program.
4 Sept 2023contract award▲ Good
HIDROEX was hired to drill Colossus, with rigs due to start in September 2023. Phase I plans about 3,200m across 213 auger holes on four licences; Phase II targets western and southeast licences.
29 Aug 2023drilling result▲ GoodMajor
Surface grab samples at Colossus show rare earths can be recovered by a simple ammonium sulfate wash, averaging 46% for neodymium. Best sample PC-10 graded 2,753ppm TREO. These are only three leached samples, not drilling.
25 Aug 2023director officer appointment▲ Good
Dr Klaus Petersen appointed Brazil Country Manager and Executive Director, with 500,000 performance rights vesting on resource and feasibility milestones. Maiden Colossus drilling is to start after shareholder approval on 12 September.
23 Aug 2023director officer appointment▲ Good
Dr Jose Marques Braga Junior, ex-CBMM principal geologist, joins as in-country Executive Director for Brazil, with 400,000 performance rights tied to resource and feasibility milestones. A$1.5m convertible loans at $0.25 funded the first US$1m Colossus payment.
14 Aug 2023asset acquisition disposition▲ GoodMajor
Viridis added 12 more licences (34.5km2) to Colossus at no extra consideration, a 61% increase in land and taking its Poços de Caldas holding to 90.69km2. One licence adjoins Meteoric's Dona Maria 1 resource (94Mt @ 2,320ppm TREO).
10 Aug 2023agm notice● Neutral
General meeting called for 12 September 2023 in Perth; proxies due 10 September. The text shown gives no resolutions, though later announcements link it to approval of the Colossus placement. Administrative notice.
1 Aug 2023asset acquisition disposition▲ GoodMajor
Viridis agreed to buy 100% of the rare earth rights to the Colossus project in Brazil (41 licences, 56km2) for US$2.0m, US$1m upfront, plus performance rights. It will raise A$2.2m at $0.25, with Ionic Rare Earths cornerstoning A$600k. Adds a new rare earths focus.
28 July 2023quarterly activities report● Neutral
June 2023 quarterly recaps the Canadian rare earth claims, Esker Lake gold assays, the 51% South Kitikmeot earn-in, and Smoky and Poochera halloysite results. Potential acquisitions are still under review. No new results beyond earlier announcements in the text shown.
14 July 2023farm in farm out completion▲ GoodMajor
Viridis has met the A$1.5m Stage 1 spend and now holds 51% of the South Kitikmeot gold project, ahead of the 31 Dec 2024 deadline. Stage 2 needs a further A$2m by 31 Dec 2027 to lift its interest to 66%.
3 July 2023drilling result▲ GoodMajor
First Smoky drilling assays confirm halloysite: 4m at 63% from 7m in VS23-07 (including 1m at 85.3%) and 2m at 85.4% in VS23-06. Only ten selected samples tested so far. Follows March surface results.
6 June 2023drilling result▲ GoodMajor
First Esker Lake assays confirm gold, best 13.02m at 3.14g/t from 79m and 9.00m at 2.24g/t from 69m (EL-23-005). Supports the historic intercepts; resolves the awaited assay thread, though only some holes' results are highlighted.
29 May 2023drilling result● Neutral
Ground magnetic surveys at Gold Bugs, Bling and Esker 2 mapped iron formation at Gold Bugs and Esker 2, and two new linear features at Bling. Helps generate drill targets; Esker Lake assays still pending.
22 May 2023asset acquisition disposition▲ GoodMajor
Viridis staked 842 claims covering about 211km2 in Newfoundland and Labrador, Canada, for rare earths (Ytterby, ~107km2) and rare earths/uranium (Star Lake, 104km2). Cost about A$60,000. Adds a critical-minerals direction beyond gold and kaolin; surveys planned second half 2023.
27 Apr 2023quarterly activities report● Neutral
March 2023 quarterly recaps Poochera halloysite assays, Smoky surface samples and drilling (7 holes, 278m), and Esker Lake approvals. Potential acquisitions are still under review. No new results beyond earlier announcements.
