Verity Resources Launches Soil Sampling in Botswana’s Limpopo Belt

Strategic Soil Sampling Program Underway in Botswana

Verity Resources Limited (ASX:VRL) has commenced a first-pass soil geochemical sampling and geological mapping program across its recently granted PL123/2024 tenement in Botswana’s Limpopo Mobile Belt. The 903km² licence, prospective for copper, silver, gold, nickel and cobalt, forms part of Verity’s larger 2,868km² critical metals landholding in a region renowned for nickel-copper-cobalt deposits.

The program’s objective is to systematically screen the licence area to identify geochemical and geological anomalies that could indicate mineralisation. This data will guide follow-up ground geophysics and maiden drill testing, marking an important step in Verity’s district-scale exploration strategy in a globally significant Ni-Cu-Co province.

Proximity to Historic Selebi Mine Adds Context

PL123/2024 sits just 20km east of the Selebi Ni-Cu mine, a former major operation that produced 26.6 million tonnes at 0.58% nickel and 1.03% copper from 1980 to 2016. The Selebi mine, now owned by NexMetals Mining Corp. (NASDAQ: NEXM), remains fully permitted and has attracted renewed institutional interest, evidenced by a US$150 million Letter of Interest from the Export-Import Bank of the United States in July 2025.

Selebi’s nickel-copper mineralisation is hosted within Archaean metasedimentary rocks analogous to those underlying Verity’s PL123/2024, bolstering the geological rationale for exploration. NexMetals’ current resource at Selebi stands at 24.7Mt @ 3.42% CuEq (Inferred) and 3.0Mt @ 2.92% CuEq (Indicated), underscoring the district’s potential.

Botswana Portfolio Includes Existing JORC Resource

Verity’s Botswana interests already include a JORC (2012) Inferred Mineral Resource of 2.4Mt @ 0.72% Ni, 0.21% Cu plus precious and critical metals at Maibele North, delineated in 2015. The company has also reported high-grade copper-silver discoveries at the Airstrip and Dibete prospects within its portfolio.

The current soil sampling program will be integrated with existing airborne electromagnetic (Geotem) data from the Botswana Geoscience Institute to prioritise targets. Approximately 200 soil samples will be collected on lines spaced about 50 metres apart, with assays targeting copper, silver, gold, nickel and cobalt.

Next Steps and Exploration Outlook

Results from the soil sampling campaign will inform follow-up ground electromagnetic and magnetic surveys, aiming to generate drill targets for maiden testing. Verity’s director Patrick Volpe emphasised Botswana’s growing appeal as a critical metals jurisdiction and the opportunity to discover new prospects in a proven address.

While no new assay or drilling results are included in this announcement, the program’s systematic approach and strategic location near existing infrastructure set the stage for potentially significant exploration advances. The presence of mineralisation at Selebi provides valuable geological context but does not guarantee success on Verity’s tenement.