Verity Resources ( (AU:VRL) ) has provided an update.
Verity Resources Limited has announced a successful placement raising $307,500 to accelerate the development of its Monument Gold Project. The funds will be used to advance the Korong-Waihi Mineral Resource Estimate from Inferred to Indicated classification through infill and twin drilling, as well as to explore additional targets. The project benefits from existing infrastructure, potentially reducing future costs, and aims to enhance its resource base in the well-established Eastern Goldfields mining district.
More about Verity Resources
Verity Resources Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in advancing its Monument Gold Project, located in the Laverton-Leonora Goldfields of Western Australia, a region known for its rich gold deposits and robust mining infrastructure.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.5M
For detailed information about VRL stock, go to TipRanks’ Stock Analysis page.