The latest update is out from Verity Resources ( (AU:VRL) ).
Verity Resources Limited has made significant progress in its Monument Gold Project in Western Australia, with ongoing exploration activities aimed at upgrading the JORC Resource confidence level and expanding the resource. The company has completed a preliminary pit optimization study and is conducting further drilling to confirm and extend gold mineralization at the Fred’s Well Prospect. Additionally, Verity has raised funds through a placement and announced a rights issue to support its operations. The company is also exploring potential corporate events related to its Botswana project portfolio, which includes notable copper-silver resources.
More about Verity Resources
Verity Resources Limited is a company operating in the mining industry, primarily focused on gold exploration and development. Their key project is the 100%-owned Monument Gold Project located in the Laverton gold district of Western Australia, a region known for its prolific gold deposits. The company aims to enhance its gold resource base through strategic exploration and development activities.
Technical Sentiment Signal: Sell
Current Market Cap: $2.31M
See more insights into VRL stock on TipRanks’ Stock Analysis page.