Resources Top 4: Rare earths up-and-comer Viridis gets a Brazilian… deposit
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Here are the biggest small cap resources winners in early trade, Tuesday August 1.
Executive Chairman Agha Shahzad Pervez commented: “The widespread high-grade REE mineralisation within the Colossus project in the upper ‘leached zone’ demonstrated by shallow drilling is particularly encouraging and provides the company with an exciting opportunity to define and grow a strategic resource within South America’s largest known Alkaline complex.
“Viridis will now commence an aggressive and systematic exploration program to delineate a maiden resource, to establish a supply chain of high-grade rare earth oxide for Western markets.”