Australia's Viridis Mining up as REE drilling nears completion in Brazil

Viridis Mining and Minerals

19/01/2024 03:00

** Shares of Viridis Mining and Minerals  VMM.AX  rise as
much as 12.5% to A$1.575, their biggest intraday pct gain since
Jan. 4
    ** Stock posts its highest level since Jan. 12 
    ** Critical minerals explorer says the scope of its phase I
& II drilling program at Colossus in Brazil will come end next
week
    ** Co has signed a formal contract with BNA Mining
Solutions, to prepare its maiden JORC mineral resource estimate
for the Colossus ionic adsorption clay (IAC) rare earth project
in Brazil's Poços De Caldas
    ** IAC contains absorbed rare earth elements
    ** About 656,928 shares traded, compared with the 30-day
average volume of 523,905 shares
    ** Stock up 1.1% this year, as of last close

 (Reporting by Megha Rani in Bengaluru)
 ((Megha.Rani2@thomsonreuters.com;))