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Verity Resources Limited (ASX:VRL)

ALERT: Price-sensitive ASX Announcement for VRL
Current share price for VRL : $0.011 -0.005 (-31.25%)+
Announcement
Release
25 May 2026 8:18AM
Price at Release
$0.016
Full Release
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Summary
Verity Resources Limited has provided an exploration update on its Botswana portfolio, which hosts critical metals like copper-silver and nickel-copper-PGE across a 1,800 km² area. The company is in the process of acquiring necessary approvals to commence on-ground exploration activities, including pitting and sampling. The projects include the Airstrip Cu-Ag, Dibete Cu-Ag, and Maibele North prospects, with historical drilling revealing high-grade copper and silver intercepts. The Maibele North site boasts a JORC Inferred Mineral Resource. An AMT survey conducted in 2021 has indicated potential further exploration targets. Paul Lemmon has been appointed as the Competent Person to oversee these projects.
Key Points
  • Verity Resources Limited provides an update on its Botswana critical metals portfolio.
  • The company owns a 100% stake in the approximately 1,800 km² Botswana portfolio.
  • The Botswana portfolio includes copper-silver, copper-nickel-PGE projects.
  • Verity is awaiting approval from the Botswana Department of Mines for on-ground exploration.
  • Key prospects include Airstrip Cu-Ag, Dibete Cu-Ag, and Maibele North Ni-Cu-PGE.
  • Historical drilling showed high-grade copper and silver intercepts at Airstrip and Dibete.
  • Maibele North has a JORC Inferred Mineral Resource of 2.38 Mt @ 0.72% Ni and 0.21% Cu.
  • The 2021 AMT survey identified additional exploration targets.
  • Paul Lemmon appointed as the Competent Person for Botswana projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.