Viridis Mining And Minerals Limited · ASX:VMM
Viridis Mining And Minerals — Goldman Sachs Rare Earths Day 2026
20 slides from Viridis Mining And Minerals's conference presentation, Sep 24, 2026
Slide 1: Colossus Rare Earth Project – Goldman Sachs Rare Earths Day
COLOSSUS RARE EARTH PROJECT rsonal use only Equity Funded. Execution Commenced. GOLDMAN SACHS RARE EARTHS DAY September 2026
Slide 2: Important Information and Disclaimer
Important Information and Disclaimer This document is confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This document has been prepared by Viridis Mining and Minerals Ltd (the Company, VMM, Viridis Mining and Minerals). This document is neither a prospectus
Slide 3: Corporate Overview
Corporate Overview Board and Management Share Price (A$) and Volume Agha Shahzad Pervez Executive Chairman $5.00 6,000,000 rsonal use only Rafael Moreno Managing Director & Chief Executive Officer $4.50 5,000,000 Jose Carlos Guedes Rosado Non-Executive Director $4.00 Geoff Bedford Non-Executive Dire
Slide 4: Why Colossus is a Tier-One, Bankable Rare Earth Project
Why Colossus is a Tier-One, Bankable Rare Earth Project POÇOS DE CALDAS ALKALINE COMPLEX 1 GLOBAL SCALE & GRADE 2 HIGH-CONFIDENCE ORE RESERVE 473Mt Resource @ 2,505ppm 200Mt Ore Reserve, with the rsonal use only TREO, with a globally majority of the first five years of significant high-grade product
Slide 5: Project Snapshot
Project Snapshot World-scale resource, reserve-backed economics1 and advanced execution readiness 473Mt 200Mt rsonal use only MINERAL RESOURCE ORE RESERVE 2,505ppm TREO; 305Mt Measured & Indicated2 2,894ppm TREO; 579kt contained TREO3 ~41 YEARS 5Mtpa RESERVE INVENTORY PROCESSING CAPACITY Supports po
Slide 6: Colossus: Leading the Next Wave of Rare Earth Production
Colossus: Leading the Next Wave of Rare Earth Production Targeting production in 2028, ahead of the peer development pipeline Market capitalisation of rare earth peers by development stage, US$m Viridis valuation gap to Producers: ~9.8 to 25.3X rsonal use only PEA / Scoping Study PFS DFS Project Exe
Slide 7: Colossus: World's Highest-Grade Ionic Adsorption Clay Resource
Colossus: World’s Highest-Grade Ionic Adsorption Clay Resource Premium-grade MREO feedstock with long life production visibility and significant upside Global Ionic Adsorption Clay Projects – Resource Grade Comparison Colossus Tenement Package and Mineral Resource Areas Total Rare Earth Oxides (TREO
Slide 8: High-Confidence Ore Reserve Underpins Production
High-Confidence Ore Reserve Underpins Production Global IAC Projects — Ore Reserve Scale & Contained TREO ~41 Years of Reserve Inventory Provides Long-term Production Optionality 700 25-Year DFS Production Target ~16 Years of Additional Reserve TREO Contained (kt) 600 Colossus — Viridis Caldeira — r
Slide 9: Globally Lowest-Cost Rare Earth Production
Globally Lowest-Cost Rare Earth Production C1 Cost Curve — Total REO Basis Simple, Low-Intensity Process Flowsheet Convention, free-dig, shallow mining and proven hydrometallurgy rsonal use only Source: Project Blue Consulting US$9.84/kg REO 1 C1 COST – Total REO Basis LOW-COST POSITION UNDERPINNED
Slide 10: Demonstration Plant De-Risks Commercial Scale-up
Demonstration Plant De-Risks Commercial Scale-up Commercially representative, PLC-automated operations validate the core Colossus flowsheet, metallurgical performance, equipment selection and operating capability. FROM TESTWORK TO OPERATING CONFIDENCE PLC-AUTOMATED · CONTINUOUS · COMMERCIALLY REPRES
Slide 11: Colossus De-risked Permitting Process
Colossus De-risked Permitting Process Colossus holds its Preliminary Licence, has submitted its Installation Licence and is exempt from ANSN nuclear regulation. 1 Preliminary Licence (PL) GRANTED ANSN radiological review EXEMPT rsonal use only Confirms the environmental feasibility of the Project's
Slide 12: Global Rare Earth Leader Provides Strategic Industry Validation
Global Rare Earth Leader Provides Strategic Industry Validation Strategic partnership with Solvay provides technical validation, an advanced commercial pathway and support for Project financing. rsonal use only STRATEGIC ADVANCED PATHWAY TO 1 2 3 VALIDATION COMMERCIAL DEFINITIVE FRAMEWORK AGREEMENTS
Slide 13: Project Execution Underway
Project Execution Underway After completing the DFS, Viridis has begun executing critical-path workstreams while advancing financing, permitting, and FID in parallel. rsonal use only 1 ENGINEERING ADVANCED 2 EPCM CONTRACT AWARDED DFS engineering completed Sedgman / Blossom Selected AACE Class 3 esti
Slide 14: Equity Fully Funded, Clear Pathway to Project Debt
Equity Fully Funded, Clear Pathway to Project Debt Potential for a high gearing ratio, achievable through strong project economics and formal support from leading ECAs. COLOSSUS DEVELOPMENT CAPITAL – US$449 MILLION TARGET FUNDING STRUCTURE US$154 MILLION rsonal use only DEBT SUPPORT: UP TO US$315 MI
Slide 15: Clear Pathway to Final Investment Decision (FID)
Clear Pathway to Final Investment Decision (‘FID’) Following completion of the DFS, Viridis has established a detailed execution schedule identifying the key engineering, procurement, construction and commissioning activities required to deliver first production from Colossus in 2028. rsonal use onl
Slide 16: Contact Us
Contact Us rsonal use only For more information, please visit ASX: VMM www.viridismining.com.au or contact: Carly Terzanidis Company Secretary CT Tel: +61 3 9071 1847 Email: cosec@viridismining.com.au Rafael Moreno Managing Director RM Tel: +61 3 9071 1847 Email: rafael.moreno@viridismining.com.au R
Slide 17: Appendix 1: Mineral Resource Estimate and Ore Reserve Estimate
Appendix 1: Mineral Resource Estimate and Ore Reserve Estimate Colossus Project Ore Reserve Estimate, August 2026 Prospect Classification Volume (Mm³) Tonnes (Mt) TREO (ppm) Pr₆O₁₁ (ppm) Nd₂O₃ (ppm) Tb₄O₇ (ppm) Dy₂O₃ (ppm) MREO (ppm) MREO / TREO Northern Proved 19.9 27.4 2,867 176 549 6 31 762 26.6%
Slide 18: Appendix 2: Source Data for Graphs
Appendix 2: Source Data for Graphs Peer Comparison: ex-China Ionic Adsorption Clay Ore Reserves Contained TREO Company Project Reserve Classification Ore Reserve (Mt) TREO (ppm) Reporting Standard Reference (kt) Serra Verde Pela Ema Not disclosed¹ 350.0 1,200 420 Not stated¹ Serra Verde Reference rs
Slide 19: Appendix: Source Data – Peer Comparison
Appendix 3 : Source Data – Peer Comparison Stage Company Exchange / Ticker Currency Market Cap – Local Market Cap – USD Exploration / Scoping American Rare Earths ASX: ARR AUD A$212.6m US$153.3m Exploration / Scoping Rare Earths Americas NYSE American: REA USD US$234.1m US$234.1m rsonal use only Exp
Slide 20: Project Blue Consulting Graph
Project Blue Consulting Graph Project Blue is an independent market intelligence and research consultancy specialising in critical materials and energy transition supply chains, offering comprehensive insights from "mine to market" across more than 30 materials, including rare earth elements (REEs).
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