Verity Resources Exploration Results Deliver 21.3g/t Gold at Monument

Verity Resources Limited (ASX: VRL) has released compelling results from its Phase 2 drilling campaign at the Monument Gold Project, with assays from the first 33 reverse circulation holes delivering exceptional gold intercepts and confirming mineralisation extends beyond the current resource boundaries. The Verity Resources exploration results showcase the standout result of 21.3g/t gold, highlighting the deposit's high-grade potential and validating the company's systematic exploration approach.

The Phase 2 program has achieved its dual objectives: enhancing confidence within the existing 15,000-ounce Waihi resource while simultaneously demonstrating that the mineralised system continues outside the current resource footprint. This combination of resource validation and expansion potential positions Verity as an emerging player in Western Australia's prolific Laverton Goldfields.

Key Results Showcase Consistent High-Grade Gold System

The latest batch of assays demonstrates the robust nature of Waihi's Banded Iron Formation (BIF)-hosted gold mineralisation, with multiple holes delivering significant intercepts. Furthermore, these Verity Resources exploration results confirm the deposit's exceptional grade distribution across multiple drill positions.

Highlighted Results (True Widths):

• 3.2m @ 5.27g/t from 25m including 0.8m @ 21.3g/t (step-out hole)
• 4.8m @ 4.46g/t from 60m including 0.8m @ 13.05g/t
• 3.0m @ 4.67g/t from 71m including 0.8m @ 16.2g/t
• 6.5m @ 0.86g/t from 28m (step-out hole)
• 4.5m @ 1.66g/t from 94m
• 2.4m @ 1.75g/t from 17m (step-out hole)

"Phase 2 drilling continues to deliver consistent, repeatable BIF-hosted gold mineralisation across Korong and Waihi. These Waihi infill results further strengthen our confidence in the geological model underpinning the current resource, and it is particularly encouraging to see mineralisation intersected in step-out positions beyond the current Waihi resource outline." – Patrick Volpe, Director

The results demonstrate grade continuity and structural consistency across the deposit, with the BIF-hosted lode model proving reliable for resource estimation and future mine planning considerations.

Step-Out Drilling Unlocks Expansion Potential

A particularly significant aspect of these results is the successful step-out drilling program, which has intersected mineralisation beyond the current 15,000-ounce Waihi resource outline. In addition, this discovery confirms that the mineralised system continues outside the existing resource footprint, offering potential for resource growth.

The step-out intercepts include some of the program's strongest results:

• 3.2m @ 5.27g/t (including the exceptional 21.3g/t result)
• 6.5m @ 0.86g/t providing significant width
• 2.4m @ 1.75g/t maintaining consistent grades

These Verity Resources exploration results will be incorporated into future Mineral Resource Estimates once all remaining assays are received and geological interpretation is completed. Consequently, this could potentially expand the current 154,000-ounce total resource across the Monument Gold Project.

Understanding BIF-Hosted Gold Mineralisation

What is BIF-Hosted Gold Mineralisation?

Banded Iron Formation (BIF) represents one of Australia's most important gold deposit styles, particularly in Western Australia's Archaean terranes. BIF consists of alternating layers of iron-rich minerals and silica (chert), formed billions of years ago in ancient ocean environments.

Why BIF Matters for Investors

Predictable geology: BIF units provide structural control for mineralisation, making exploration more targeted. Furthermore, this geological framework supports consistent drilling success across the deposit.

Grade continuity: The layered nature often results in consistent gold distribution. However, this also enables more accurate resource modelling and grade prediction.

Large-scale potential: BIF-hosted deposits can achieve significant tonnages (Westralia deposit nearby hosts 1.4 million ounces).

Processing advantages: BIF-hosted gold often exhibits favourable metallurgical characteristics for conventional processing methods.

At Monument, the gold occurs as chemical replacement of magnetite by sulphides in the presence of gold-bearing fluids, creating the repeatable intercepts demonstrated in recent drilling.

Substantial Results Pipeline Ahead

With results from only 33 of 91 completed holes reported to date, Verity maintains a substantial pipeline of pending assays that could further enhance the project's value proposition. For instance, the remaining results could significantly expand the current understanding of deposit geometry.

Remaining Results Include:

• 58 holes (4,496m) from the broader Monument program
• Additional Phase 2 infill drilling at both Korong and Waihi deposits
• Step-out and diamond drilling testing extensions along strike and at depth
• Regional prospect drilling at priority targets along the 20km BIF trend

Strategic Location in World-Class Gold District

Monument's location in the Laverton Goldfields provides significant strategic advantages, positioned 40km west of Laverton and directly adjacent to Genesis Minerals' (ASX: GMD) 3.3-million-ounce Mt Morgan Project. The project sits along the same geological trend as the 1.4-million-ounce Westralia deposit, providing geological validation for the broader district potential.

District Context:

• 195km² of tenure in proven gold district
• 20km BIF trend with only ~10% systematically drilled
• 60 additional targets identified for future testing
• Proximity to established infrastructure and mining operations

The systematic drilling approach has validated this geological model, with Phase 1 and Phase 2 programs consistently delivering results that support the resource model and expansion potential.

Investment Thesis Strengthened by Execution

The Phase 2 results reinforce several key investment themes for Verity Resources. Moreover, these Verity Resources exploration results demonstrate the company's ability to deliver on exploration objectives whilst building shareholder value.

Resource Growth Potential: Step-out drilling success demonstrates the 15,000-ounce Waihi resource represents only a fraction of the deposit's true potential, with mineralisation confirmed beyond current boundaries.

Geological Confidence: Consistent BIF-hosted intercepts across 25m x 25m drilling grid provide the geological confidence required for potential resource category upgrades from Inferred to Indicated status.

District-Scale Opportunity: With ~90% of the 20km BIF trend remaining untested, Monument offers exceptional exploration upside in a proven geological setting.

Strategic Value: Location adjacent to 3.3-million-ounce Mt Morgan Project provides potential synergies and validates the district's large-scale gold endowment.

Why Investors Should Monitor Verity Resources

Verity Resources has demonstrated systematic execution in advancing the Monument Gold Project from exploration through to resource definition. Furthermore, the Phase 2 program has delivered on both objectives of resource confidence building and expansion discovery.

Key Tracking Points:

• Remaining 58 holes of assay results due over coming weeks
• Potential resource update incorporating expansion drilling
• Regional exploration across 60 identified targets
• Metallurgical studies underway for project advancement

The combination of high-grade results, expansion potential, and district-scale opportunity in one of Australia's premier gold regions positions Verity Resources as a compelling growth story in the junior gold sector.

Key Takeaway:
Verity Resources has validated its systematic approach to resource development at Monument, with Phase 2 drilling delivering exceptional grades up to 21.3g/t gold while proving mineralisation extends beyond current resource boundaries. With substantial assay results pending and vast exploration upside across the 20km BIF trend, investors should closely monitor this emerging Laverton Goldfields player.

Ready to Explore Verity Resources' Monument Gold Opportunity?

With exceptional drilling results delivering up to 21.3g/t gold and mineralisation confirmed beyond the current 154,000-ounce resource, Verity Resources is systematically unlocking value across its 20km BIF trend in Western Australia's premier Laverton Goldfields. The Phase 2 program has validated both resource confidence and expansion potential, whilst 58 holes of pending assays could further enhance the project's value proposition. For investors seeking exposure to high-grade gold discovery in a world-class district, discover more about Verity Resources' strategic positioning and development pipeline at www.verityresources.com.au.