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The latest update is out from Verity Resources ( (AU:VRL) ).
Verity Resources has reported strong metallurgical testwork results from composite samples at the 139,000-ounce Korong deposit within its Monument Gold Project, with main near-surface mineralisation averaging 92.75% gold recovery over 24 hours and best-case high-grade fresh material achieving up to 98.1% recovery. The consistently high recoveries across representative near-surface domains, combined with low cyanide and lime consumption and a meaningful gravity component, support the use of a conventional gravity plus cyanide leach processing flowsheet, bolstering confidence in mine planning assumptions and providing a significant de-risking milestone as the company progresses resource upgrades and technical studies on its pathway to potential mining.
More about Verity Resources
Verity Resources Limited is an Australian-listed gold exploration and development company with projects including the Monument Gold Project in Laverton, Western Australia. The company is focused on advancing its Korong-Waihi resource, currently an inferred gold resource targeted for upgrade to support potential open-pit mining and conventional gold processing operations.
Average Trading Volume: 2,816,984
Technical Sentiment Signal: Sell
Current Market Cap: A$10.16M
For an in-depth examination of VRL stock, go to TipRanks’ Overview page.