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Verity Resources ( (AU:VRL) ) has issued an announcement.
Verity Resources Limited has reported significant progress in its December 2024 quarterly activities. The company completed infill drilling at the Fred’s Well Prospect, confirming a 1.1km mineralized gold strike trend at the Monument Gold Project in Western Australia, potentially expanding its resource base. Additionally, reconnaissance programs in Brazil’s Pimenta project target rare earth elements and niobium, with results pending. Corporate changes include a name change, a successful rights issue raising approximately $600k, and a stock consolidation, indicating strategic financial restructuring.
More about Verity Resources
Verity Resources Limited is an Australia-based company operating in the mining industry, primarily focusing on gold exploration and development. With key projects in Western Australia and Brazil, the company is involved in the exploration of gold, rare earth elements (REE), niobium, copper, silver, nickel, and platinum group elements across various global locations.
YTD Price Performance: 0.0%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.88M
For an in-depth examination of VRL stock, go to TipRanks’ Stock Analysis page.
