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An announcement from Verity Resources ( (AU:VRL) ) is now available.
Verity Resources Limited has initiated a pit optimisation study for its Korong and Waihi gold deposits at the Monument Gold Project in Western Australia, a move that could significantly impact the project’s economic viability. With gold prices surging since the last Mineral Resource Estimation in 2021, the study will assess the feasibility of open-pit mining, focusing on optimizing profitability by evaluating factors such as cut-off grade, tonnage, and operational costs.
More about Verity Resources
Verity Resources Limited is a company operating within the mining industry, focusing on gold resource exploration and development. Their primary projects include the Monument Gold Project, located in the Laverton Gold District, Western Australia, which benefits from excellent infrastructure and proximity to major gold deposits.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.39M
See more insights into VRL stock on TipRanks’ Stock Analysis page.
