How Verity Resources Validated High-Grade Gold at Monument Project

Historical Data Validation Strengthens Resource Confidence

Verity Resources Limited (ASX – VRL) has announced the completion of a comprehensive review and validation of over 16,000 metres of historical drilling data at its 100%-owned Monument Gold Project, located in Western Australia's prolific Laverton Goldfields. This validation effort standardised legacy datasets, some dating back to the 1970s and collected by previous operators such as Carpentaria Exploration, Dominion, and WMC Exploration, into a consistent geological framework aligned with the JORC Code (2012) reporting standards.

The result is a robust confirmation of high-grade, thick gold intercepts within the Korong and Waihi deposits, which together comprise a 3.3 million tonne inferred resource grading 1.4 grams per tonne gold, equivalent to approximately 154,000 ounces. Notably, the validation recalculated intercepts to true widths, providing greater clarity on the continuity and geometry of the mineralised banded iron formation (BIF) lodes.

High-Grade Intercepts Highlight Project Potential

Among the validated results, standout intercepts at Korong include 6.7 metres at 13.15 g/t gold and 5.9 metres at 7.24 g/t gold, underscoring the presence of economically significant mineralisation. Waihi, while smaller with a 15,000-ounce inferred resource, also features promising grades such as 2.7 metres at 5.71 g/t gold. These findings reinforce the geological continuity of the BIF-hosted gold system and provide a solid foundation for resource expansion.

Phase One Drilling Complete, Assays Pending

Verity has recently completed its phase one reverse circulation (RC) infill drilling program at Korong, designed to upgrade part of the inferred resource to an indicated classification by tightening drill spacing to approximately 25 by 25 metres. Assay results from this program are pending and will be reported in the context of the validated historical data. This methodical approach aims to prioritise the highest-return zones within the existing resource, enhancing the project's economic prospects.

Fully Funded for Growth and Exploration

Following a successful $3 million capital raise, Verity is well-positioned to advance its exploration and resource development plans. The company sees multiple growth corridors along the 20-kilometre BIF trend at Monument, with numerous untested targets remaining. Future drilling campaigns will focus on resource upgrade, expansion along strike and at depth, and validation of historical drilling through twin holes.

Located adjacent to Genesis Minerals’ 3.3 million ounce Mt Morgan Project, Monument benefits from its placement in the world-class Laverton Gold District, a region known for significant gold discoveries. Verity’s strategic focus on systematic validation and resource enhancement reflects a disciplined approach to unlocking value in this underexplored terrain.