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Verity Resources Limited (ASX:VRL)

ALERT: Price-sensitive ASX Announcement for VRL
Current share price for VRL : $0.012 -0.002 (-14.29%)+
Announcement
Release
29 Jun 2026 9:15AM
Price at Release
$0.014
Full Release
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Summary
Verity Resources Limited (VRL), an Australian company, announced the initiation of a first-pass soil geochemical sampling and geological mapping program on its 100%-owned PL123/2024 in the Limpopo Mobile Belt, Southeast Botswana. This program aims to explore the 903 km² tenement for potential copper, silver, gold, and nickel mineralization, with the objective of prioritizing targets for further geophysical and drilling activities. The Limpopo Mobile Belt is recognized as a world-class nickel-copper and critical metals district. Verity Resources has a portfolio in this region, including a JORC (2012) Inferred Mineral Resource of 2.4 million tonnes at 0.72% nickel, 0.21% copper, plus PGEs, cobalt, and gold, and high-grade copper-silver discoveries at Airstrip and Dibete. The exploration strategy is a part of Verity's broader goal to advance its 2,868 km² critical metals portfolio in Botswana.
Key Points
  • Verity Resources Limited re-commences exploration in Botswana.
  • The focus is on soil geochemical sampling and geological mapping.
  • The project covers a 903 km² tenement in the Limpopo Mobile Belt.
  • Targets include copper, silver, gold, and nickel mineralization.
  • The exploration aims to identify and prioritize geophysical and drilling targets.
  • The region is a globally recognized nickel-copper and critical metals district.
  • Verity holds a JORC (2012) Inferred Mineral Resource in the area.
  • Previous high-grade discoveries at Airstrip and Dibete support exploration.
  • This exploration is part of a larger strategy to develop Verity's Botswana portfolio.
  • PL123/2024 is a new frontier in Verity's systematic exploration efforts.
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.