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Verity Resources Limited (ASX:VRL)

ALERT: Price-sensitive ASX Announcement for VRL
Current share price for VRL : $0.014 -0.002 (-12.50%)+
Announcement
Release
4 Jun 2026 8:45AM
Price at Release
$0.016
Full Release
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Summary
Verity Resources Limited reported exceptional metallurgical testwork results from its Waihi deposit, part of the Monument Gold Project in Laverton, Western Australia. The tests demonstrated gold recoveries approaching 97% across weathered saprock and fresh rock domains, using a conventional gravity and cyanide leaching process. These results align with the company's previous findings at the Korong deposit, indicating a consistent recovery profile and validating the potential for a unified processing strategy across the project. The low reagent consumption and effective gravity recovery component support a cost-efficient processing pathway, further de-risking mine development and building confidence in the conventional processing approach for both deposits.
Key Points
  • 97% gold recovery achieved at Waihi deposit
  • Tests conducted on weathered saprock and fresh rock domains
  • Consistent results with previous Korong deposit findings
  • Supports a unified processing strategy for the Monument Gold Project
  • Low reagent consumption indicating cost-efficient processing
  • Gravity recovery supports a straightforward processing pathway
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.