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VIRIDIS MINING AND MINERALS LIMITED (VMM)

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Our website ranking of VMM: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000190829
Address: Level 50, 108 St Georges Terrace, Perth Western Australia 6000
Tel:  + 61 3 9071 1847

Date first listed: 24/01/2022

Activities: Mining exploration

News & Events

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The suspension of trading in the securities of Viridis Mining and Minerals Limited will be lifted immediately following the release by VMM of an announcement regarding drill assay results from the Company's Colossus project.

20/11/2023

First set of assays for auger and diamond drilling received, confirming a world class Ionic Adsorption Clay discovery. Initial diamond drilling revealed an IAC body ranging from 10 to 20 metres thick with a remarkable weighted average grade of 2,938 ppm Total Rare Earth Oxide at the Fazenda prospect and an even more impressive IAC body was discovered, 15 to 45 metres thick, with a remarkable weighted average grade of 3,460 ppm at Cupim South Prospect. These TREO grades position Colossus to potentially become the highest-grade deposit globally for Ionic Clay Rare Earths. Assays from the first three diamond holes at Cupim South returned outstanding rare earth element rich clay intercepts, all reported from surface. Assays from first two diamond holes at Fazenda returned outstanding REE-rich clay intercepts, all reported from surface. The first set of assay highlights from auger drilling confirms widespread and high-grade IAC REE mineralisation across numerous concessions in the Colossus Project. First-batch of results represent only a tiny portion of the overall exploration program completed to date, and has already demonstrated homogenous high-grade REE mineralisation across multiple Colossus tenements. From the first set of diamond assays, Viridis has achieved an average thickness of 26 metres of the IAC body at Colossus with a remarkable weighted average grade of 3,086ppm. Over 95% of holes intersected >1,000ppm TREO, with all 66 auger holes ending in REE mineralisation and grades increasing at depth. Auger holes which have been shown to intersect through the leached layer into the main IAC body (>20% MREO) have returned an average grade of 2,892ppm TREO. Further, assays from multiple thick diamond clay intercepts are pending, which have already significantly extended far beyond the current auger depths across Colossus. These results mark a major Ionic Adsorption Clay discovery for the Company within the Poços de Caldas Alkaline Complex, with the intention to underpin a world class IAC REE maiden resource estimate. Viridis intends to commence in-depth metallurgical studies in the near-term in parallel to the ongoing exploration program.

20/11/2023

The securities of Viridis Mining and Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VMM, pending the release of an announcement regarding drill assay results from the Company's Colossus project.

17/11/2023

listed entity carried for record purposes only

24/01/2022

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    03/02/2023Agha Pervez27,079$0.261$7,062
    31/01/2023Agha Pervez42,500$0.245$10,400
    31/01/2023Agha Pervez20,000$0.240$4,800
    27/01/2023Agha Pervez14,500$0.240$3,480
    18/03/2022Agha Pervez150,000$0.278$41,750

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Agha PervezExecutive Chairman24/01/2022
    Rafael MorenoCEO15/01/2024
    Tim HarrisonIndependent Director17/02/2022
    Jose GuedesIndependent Director20/02/2024
    Faheem AhmedIndependent Director13/02/2023
    Jose BragaExecutive Director25/08/2023
    Chris GerteisenDirector24/01/2022
    Carly TerzanidisCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Michael MelamedDirector24/01/202213/02/2023
    Hugh CallaghanExecutive Director, CEO24/01/202205/05/2022

    Date of first appointment, title may have changed.