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Verity Resources ( (AU:VRL) ) has shared an announcement.
Verity Resources Limited has identified a new mineralised gold trend at its Monument Gold Project in Western Australia, enhancing its resource potential. The company has commenced a drilling program aimed at upgrading the Korong deposit’s resource classification and expanding its gold resource. Additionally, Verity’s Pimenta Project in Brazil has uncovered significant rare earth elements, gallium, and titanium anomalies, indicating promising exploration prospects. The company successfully raised funds through a rights issue to support its exploration activities, maintaining a stable financial position.
More about Verity Resources
Verity Resources Limited is a mining company focused on the exploration and development of mineral resources. The company operates primarily in the Laverton Gold District of Western Australia, with its flagship project being the Monument Gold Project. Verity is also involved in rare earth elements exploration in Minas Gerais, Brazil.
Average Trading Volume: 3,900,096
Technical Sentiment Signal: Sell
Current Market Cap: A$6.43M
For a thorough assessment of VRL stock, go to TipRanks’ Stock Analysis page.