Verity Resources Ltd (VRL.AX) Quarterly Activities Report

Verity Resources Limited (ASX:VRL) is pleased to provide its quarterly activities report for the three-month period ending 31 December 2024.

HIGHLIGHTS

Monument Gold, Western Australia

- Follow up infill drilling at Fred's Well Prospect completed and intersected gold mineralisation that confirms a 1.1km mineralised gold strike trend 2km northwest of the Monument Gold Project's nearsurface 3.2Mt @ 1.4g/t Au Korong Mineral Resource Estimate

- Results received post-quarter demonstrate a potentially new mineralised zone near surface to add to the current Resource Estimate. Latest and past results include

o 24m @ 3.24g/t Au (MOAC262 from 44m) including 12m @ 6.35g/t Au
o 8m @ 2.09g/t Au (MOAC265 from 40m)
o 8m @ 1.48g/t Au (MOAC256 from 36m)
o 12m @ 1.01g/t Au (MOAC277 from 20m)
o 10m @ 0.68g/t Au (FWRC002 from 52m) including 2m @ 2.28g/t Au
o 4m @ 1.00g/t Au (FWRC002 from 81m) including 1m @ 2.89g/t Au

- Pit optimisation studies to commence in 2025 on the near-surface Korong (3.0Mt @1.4g/t Au) and Waihi (0.2Mt @ 2.1g/t Au) deposits following significant increase in gold prices since Mineral Resource Estimation in 2021. Both MRE remain open in all directions

- Over 60 additional untested BIF, basalt and intrusion-hosted gold drill targets at the Monument Gold Project remain to be tested

Pimenta REE-Nb, Brazil

- Surface reconnaissance program commenced over a distinct 26km radiometric strike at the Pimenta Project in eastern Minas Gerais, with potential for allanite-hosted (similar to American Rare Earths Limited ASX-ARR 2.63Bt @ 3,926ppm TREO MRE) and clay-hosted REE and potentially niobium

- Program completed at quarter end and results expected in coming weeks Caldera REE, Brazil

- No activity for the quarter in addition to the previously announced ultra high grade Caldera prospect with previous auger drill intercepts including 5m @ 4,526ppm TREO and 34% MREO from surface

Copper-Silv r-Nickel-PGE, Botswana

- Discussions continuing for potential corporate event regarding the Botswana portfolio of projects including the Maibele North 2.4Mt @ 1% Niequiv JORC Inferred Resource, Dibete Copper-Silver (up to 13% Cu and 281g/t Ag) and Airstrip Copper-Silver (up to 57% Cu and 2,483g/t Ag)

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/7P7U764Q

Jim Malone 
Managing Director
T +61 (0) 419 537 714
info@verityresources.com.au

Ben Creagh
Investor Relations
T +61 (0) 417 464 233
benc@nwrcommunications.com.au

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