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Verity Resources ( (AU:VRL) ) has issued an announcement.
Verity Resources Limited has announced significant findings from its auger drilling program at the Pimenta Project in Minas Gerais, Brazil, confirming widespread near-surface REE mineralisation. These results highlight the potential of the site as a large-scale REE zone, with high-value magnet rare earths and promising geological characteristics similar to other major REE deposits. The discovery is expected to guide further exploration and metallurgical testing, potentially enhancing Verity’s positioning in the REE market.
More about Verity Resources
Verity Resources Limited operates in the mining industry, focusing on the exploration and development of rare earth element (REE) resources. The company is engaged in projects that target high-value magnet rare earths, particularly in regions with promising geological profiles.
Average Trading Volume: 2,196,655
Technical Sentiment Signal: Sell
Current Market Cap: A$7.35M
For an in-depth examination of VRL stock, go to TipRanks’ Overview page.