21 slides from Viridis Mining And Minerals's technical presentation, Aug 20, 2026
Slide 1: Colossus Rare Earth Project: Bankable. Execution Ready.
For personal use only COLOSSUS RARE EARTH PROJECT Bankable. Execution Ready. Demonstration Plant validation, Proved Ore Reserves, advanced offtake commercial terms and execution readiness position Colossus for financing and development. DEFINITIVE FEASIBILITY STUDY | AUGUST 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: Colossus DFS Delivers Exceptional Economics
Colossus DFS Delivers Exceptional Economics Industry-leading returns at prevailing Chinese market prices (US$129/kg NdPr), underpinned by a low-cost ionic clay operation and substantially de-risked development pathway For personal use only US$1.87bn 36.4% 2.7 years Pre-tax NPV8 After-tax IRR Payback
Slide 4: Colossus Ore Reserve Provides Future Mining Sequence Flexibility
Colossus Ore Reserve Provides Future Mining Sequence Flexibility The Production Target in the Northern Concessions is concentrated in the higher-grade east of the Production Facility, with substantial Reserve inventory and newly expanded eastern tenure providing flexibility for future sequencing. Fo
Slide 5: DFS Demonstrates Project Bankability
DFS Demonstrates Project Bankability The DFS is underpinned by demonstrated operating performance, high-confidence Ore Reserves, market-tested costs and advanced commercial and execution workstreams. For personal use only 01 DEMONSTRATED 02 PROVED ORE RESERVES 03 CAPEX CONFIDENCE METALLURGY The majo
Slide 6: Industry-Leading Project Economics at Spot
Industry-Leading Project Economics at Spot Strong returns, rapid capital recovery and substantial cash generation over a 25-year operating life. For personal use only Financial & Cash Flow Metrics Unit DFS Cumulative Post-Tax Cash Flow Production target Revenue US$m 8,540 300 5,000 US$4,189 M Produc
Slide 7: Globally Lowest-Cost Rare Earth Production
Globally Lowest-Cost Rare Earth Production Colossus demonstrates a globally leading cost position across both total REO and NdPr-equivalent costing methodologies. C1 Cost Curve — Total REO Basis NdPr Cash Costs — Net of Dy/Tb Credits For personal use only $140 $120 $100 US$ / kg NdPr $80 $60 $40 $20
Slide 8: High Margins. Resilient Economics
High Margins. Resilient Economics Colossus maintains strong economic returns under materially lower rare earth price assumptions, supported by its low-cost position. For personal use only Post-Tax Returns Sensitivity to Basket Price 30% LOWER BASKET PRICE CASE 2,000,000 60% 1,800,000 ~US$72/kg 50% T
Slide 9: High-Confidence Ore Reserve Underpins Production
High-Confidence Ore Reserve Underpins Production Project scale has been maintained while geological confidence and early-production certainty have materially increased. 25 YEAR PRODUCTION Global Ionic Clay Projects — Ore Reserve Scale & Contained TREO RESERVE TARGET For personal use only 200.1Mt 124
Slide 10: Long-Life, Consistent Production Profile
Long-Life, Consistent Production Profile A 5Mtpa operation delivers sustained magnetic rare earth production over the 25-year DFS evaluation period, with significant Reserve inventory remaining beyond the base case. For personal use only Annual NdPr Production 3,500 5.0Mtpa DESIGN THROUGHPUT 3,000 2
Slide 11: Demonstration Plant Validates the DFS
Demonstration Plant Validates the DFS Demonstration Plant operations have validated the Colossus flowsheet, delivering MREO recoveries at or above DFS design assumptions1. For personal use only DEMONSTRATED MREO RECOVERY PERFORMANCE 79.9% 76% NC–78% SC JULY MEDIAN DFS ASSUMPTION FROM FLOWSHEET TO PR
Slide 12: Refined MREC Enhances Product Value
Refined MREC Enhances Product Value Selective removal of lower-value lanthanum increases the proportion of high-value magnetic rare earths in the final product, enhancing product value and marketability. For personal use only CRUDE MREC SELECTIVE La REMOVAL REFINED MREC 99% REMOVED other La + other
Slide 13: Global Rare Earth Leader Provides Independent Validation of Colossus
Global Rare Earth Leader Provides Independent Validation of Colossus Strategic partnership with Solvay provides technical validation, an advanced commercial pathway and support for Project financing. For personal use only 01 STRATEGIC 02 ADVANCED 03 PATHWAY TO VALIDATION COMMERCIAL DEFINITIVE • Stra
Slide 14: Positioned for Project Execution
Positioned for Project Execution Advanced engineering, procurement, permitting and execution planning provide a clear pathway from DFS completion into construction. For personal use only 01 ENGINEERING ADVANCED 02 EPCM READY DFS engineering completed Preferred contractor identified AACE Class 3 esti
Slide 15: Clear Pathway to Project Funding
Clear Pathway to Project Funding Target funding structure combines senior project debt with existing and strategic equity sources, supported by advanced lender engagement. For personal use only TARGET FUNDING STRUCTURE 70% DEBT / 30% EQUITY STRONG DEBT CAPACITY 25-year operating life, rapid payback
Slide 16: Colossus Positioned for Development
Colossus Positioned for Development A technically validated, low-cost and commercially advanced rare earth project progressing towards financing, FID and development. For personal use only INVESTMENT THESIS NEAR-TERM CATALYSTS AUG 2026 DFS COMPLETED ✓ 200.1Mt US$9.84/kg ORE RESERVE · SUPPORTS 25-YEA
Slide 17: Contact Us
Contact Us For personal use only For more information, please visit ASX: VMM www.viridismining.com.au or contact: Carly Terzanidis Company Secretary CT Tel: +61 3 9071 1847 Email: cosec@viridismining.com.au Rafael Moreno Managing Director RM Tel: +61 3 9071 1847 Email: rafael.moreno@viridismining.co
Slide 18: Appendix 1: Ore Reserve Estimate
Appendix 1: Ore Reserve Estimate Volume Tonnes TREO Pr₆O₁₁ Nd₂O₃ Tb₄O₇ Dy₂O₃ MREO MREO / Prospect Classification (Mm³) (Mt) (ppm) (ppm) (ppm) (ppm) (ppm) (ppm) TREO For personal use only Proven 19.9 27.4 2,867 176 549 6 31 762 26.6% Northern Concessions Probable 42.8 59.1 2,457 140 426 5 25 596 24.2
Slide 19: Appendix 2: Peer Comparison Reference Data
Appendix 2: Peer Comparison Reference Data Ore Reserve TREO Contained Reporting Company Project Reserve Classification Reference (Mt) (ppm) TREO (kt) Standard For personal use only Serra Verde Pela Ema Not disclosed¹ 379.0 1,200 455 Not stated¹ Serra Verde (2023) Makuutu Stage 1 DFS Ionic Rare Earth
Slide 20: Appendix: Comparison Between REE Prices and Precedent Government Floor Prices
Appendix 3 : Comparison Between REE Prices and Precedent Government Floor Prices China FOB Spot Price Non-China Spot Price USG Precedent Floor Prices For personal use only Nd US$ 129/kg US$ 126/kg US$ 110/kg Pr US$ 130/kg US$ 125/kg US$ 110/kg Dy US$ 251/kg US$ 1,610/kg US$ 575/kg Tb US$ 1,128/kg US
Slide 21: Project Blue Consulting Graph on Slide
Project Blue Consulting Graph on Slide 7 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 eleme