Verity Resources Confirms Gold Across 9km Monument BIF Corridor

Verity Resources Drills Gold Across 9km of Monument's BIF Corridor, Opening the Door to Resource Growth

Verity Resources Monument Gold Project drilling results across 9km BIF corridor have confirmed gold mineralisation at three distinct prospects — A4, A1 and Perseverance — spanning a continuous 9-kilometre banded iron formation (BIF) corridor in Western Australia's Laverton Goldfields. The company, listed on the ASX as VRL and 100%-owned on the project, reports that these results represent a material step forward in its regional exploration strategy. Furthermore, the findings indicate that the geological horizon hosting the existing 137,700-ounce Korong-Waihi Mineral Resource extends well beyond its current boundaries.

The 58-hole, 2,622-metre programme returned gold in 19 of 24 holes at the A4 and A1 prospects combined, providing an early-stage indication of corridor-scale mineralisation that management believes could systematically grow Monument's total ounce inventory over time.

What the Drilling Confirmed: Gold Across Three Prospects

The aircore programme tested five priority targets within the Monument BIF corridor. Three returned gold mineralisation at meaningful grades, while two returned anomalous pathfinder signals but no significant gold, pointing to areas requiring further follow-up.

A4: The Biggest Untested Strike Section Now Has Answers

A4 sits mid-way along the 9km corridor, within the historic Mt McKenzie prospector workings cluster, and represented the largest previously undrilled segment of the Perseverance-A1 trend. The 15-hole, 1,287-metre programme is described as the first systematic shallow test of the BIF horizon at this location.

The results were reported as notably consistent: gold above the 0.1 g/t reporting cut-off was returned in 13 of 15 holes, over approximately 1.1 kilometres of drill-tested strike.

Selected significant intersections at A4 (4-metre composites unless otherwise stated):

The broad strike coverage of mineralisation, with hits at multiple depths across spaced drill lines, has underpinned A4's designation as a high-priority RC drill target, according to the company.

A1: Strike Extension of the Existing Resource

A1 sits along strike to the north-west of the Korong deposit, within the same BIF horizon hosting Monument's existing resource. The nine-hole, 545-metre programme returned gold in 6 of 9 holes over approximately 450 metres of drill-tested strike.

Selected significant intersections at A1 (4-metre composites unless otherwise stated):

Where prior RC drilling has tested the same horizon at A1, it returned 2.9m at 2.51 g/t gold, several times the tenor of the surrounding aircore composite grades. This comparison is an important consideration when assessing the significance of composite-level results, discussed further below.

Perseverance: Additional Confirmation at the Northern End

Perseverance, located approximately 6km north-west of the Korong deposit, returned anomalous gold intersections from the 20-hole, 377-metre programme, including 5m at 0.21 g/t gold from 4m (PVAC26014). Combined with previous drilling results and pathfinder geochemical signatures, the results add to follow-up potential at this target. Perseverance is consequently considered the most advanced of the Phase 1 targets and anchors the northern end of the 9km corridor confirmed by this programme.

Understanding the Method: Why Composite Grades Are Just the Starting Point

Key Concept: Aircore 4-Metre Composite Sampling
For investors unfamiliar with early-stage exploration methodologies, it is worth understanding why the reported grades are likely conservative representations of the true mineralisation.

Aircore (AC) drilling is a relatively low-cost, rapid method used to sample near-surface geology across large areas. Verity's programme collected samples at 1-metre intervals, which were then combined into 4-metre composite samples, meaning each reported grade reflects the average gold content across four metres of rock rather than a single concentrated interval.

This approach is by design at the first-pass stage. The trade-off is efficiency over precision: compositing allows a large number of holes to be drilled and assayed cost-effectively, providing a broad picture of where gold sits in the system. However, the limitation is that a narrow, high-grade vein within a 4-metre composite will have its grade diluted by the lower-grade material surrounding it.

This is exactly what the A1 comparison illustrates. The same horizon that returned 4-metre composite grades of 0.40 to 0.73 g/t gold via aircore previously yielded 2.9m at 2.51 g/t gold when followed up with RC drilling. Similarly, at Perseverance, an RC hole on the same horizon returned 2m at 1.24 g/t gold.

The planned next step — re-assaying the best composite intervals at 1-metre resolution before moving into RC drilling — is described by the company as the logical pathway to defining true width and grade, and to assessing each target's potential contribution to a future mineral resource.

Glossary of key terms:

• Aircore (AC) drilling: A drilling method using a hollow drill bit to bring cuttings to surface via compressed air. Effective for sampling shallow, weathered rock.
• Reverse Circulation (RC) drilling: A higher-precision method that returns rock chips via inner drill rods, providing better sample quality and reliability at greater depths.
• BIF (Banded Iron Formation): A sedimentary rock type commonly associated with gold mineralisation in Archaean greenstone belts.
• Composite sample: A sample formed by combining multiple individual sub-samples, used to reduce assaying cost across large drill programmes.
• Cut-off grade: The minimum grade used to define a mineralised interval. Verity reports intersections above 0.1 g/t gold.
• g/t Au: Grams of gold per tonne of rock, the standard unit of gold grade.

The Monument BIF Corridor: Scale, Context and the Upside Story

Monument is a 405km² land holding in Western Australia's Laverton Gold District, located approximately 40km west of Laverton. The project sits adjacent to and along strike of Genesis Minerals' (ASX: GMD) 3.3-million-ounce Laverton Gold Project, one of the more significant gold development pipelines in the Eastern Goldfields.

Monument hosts approximately 20 kilometres of BIF strike, interpreted to be the same geological unit hosting the 1.4-million-ounce Westralia gold deposit located immediately south-east of Monument. The existing Korong-Waihi Mineral Resource, which sits within this BIF, currently stands at 137,700 ounces at 1.72 g/t gold (66,000oz Indicated plus 72,000oz Inferred).

Only a small proportion of the full 20km BIF strike has been systematically drilled to date.

The Verity Resources Monument Gold Project drilling results across 9km BIF corridor have now confirmed gold mineralisation across 9 of those 20 kilometres at A4, A1 and Perseverance, all on the same horizon as the existing resource. Management has identified approximately 60 additional priority targets along the BIF horizon and syenite-intrusive settings across the broader project, representing the exploration pipeline ahead.

Director Commentary

"First-pass aircore is designed to tell us where gold sits in a system, and this programme has done exactly that. We returned gold in 19 of the 24 holes drilled at A4 and A1, over sections of the Monument BIF corridor that had never been drilled, on the same horizon that hosts our 137,700-ounce Korong-Waihi Mineral Resource. That is an encouraging early indication that the mineralised system continues well beyond the current MRE."

"Four-metre composite averages, by design, can dilute narrow high-grade intervals. Where we have previously followed this horizon up with RC drilling such as at A1, high-grade intercepts returned including 2.9m at 2.51 g/t Au, several times the composite tenor over the same rock."

"Next steps to advance these targets is with resource-defining drilling, and working systematically through the numerous additional BIF-hosted and syenite intrusive targets still untested along 20km of strike, a pipeline we believe could systematically add ounces."

Patrick Volpe, Director, Verity Resources

What Comes Next: A Clear Pathway to Resource-Defining Drilling

The aircore campaign has identified where gold sits in the system across a 9km corridor. The next phase is designed to convert that knowledge into resource-defining information.

Planned next steps:

1. 1-metre re-assay of the best composite intervals from A4, A1 and Perseverance to identify the grade of individual intercepts currently diluted by composite averaging.
2. RC drilling at A4 and A1 to define the width and grade of mineralisation, and to test whether these extensions can be incorporated into a future Mineral Resource Estimate.
3. Continued systematic testing of the approximately 60 additional priority targets across the 20km BIF corridor and syenite-hosted settings within the 405km² project area.
4. Follow-up work at Cooper Well, where anomalous gold was identified in surface sampling around historic shafts but was not intersected in the current programme, indicating further targeting refinement is required.

The Investment Thesis: A Systematic Ounce-Building Strategy in an Established Gold District

Verity's Monument Gold Project presents an exploration thesis built on a straightforward observation: a 20-kilometre geological corridor in an established gold district, hosting a known 137,700-ounce resource, has only been drilled across a fraction of its full extent.

The aircore programme has provided the first systematic confirmation that the mineralised system does not simply stop at the edges of the current resource. It continues along strike at A4, the largest previously untested segment, along the resource's northern extension at A1, and at the more advanced Perseverance target to the north-west.

Several factors are relevant to the investment case:

• Same geological unit as a 1.4-million-ounce deposit: The Monument BIF is interpreted to be the same rock unit hosting the Westralia deposit immediately to the south-east, providing a geological benchmark for scale potential.
• Notable hit rate: 19 gold-bearing holes from 24 drilled at A4 and A1 reflects a degree of geological consistency in the mineralised system.
• Grade upgrade potential from compositing: The RC comparison at A1 (2.9m at 2.51 g/t versus a 4m composite of 0.73 g/t) indicates that individual intercept grades can be substantially higher than composite averages suggest.
• Location adjacent to a major gold project: Monument sits adjacent to Genesis Minerals' 3.3-million-ounce Laverton Gold Project, in a district with an established history of gold production and discovery.
• Large and largely unexplored tenure: At 405km², Monument offers a substantial exploration inventory, with approximately 60 identified targets yet to be systematically drilled.
• Full ownership: Verity holds Monument outright with no joint venture dilution on the gold project.

Why Investors Should Keep Watching Verity Resources

Verity Resources is pursuing a staged exploration strategy, using low-cost aircore drilling to map the system at scale before directing higher-cost RC drilling toward the most compelling targets to build toward resource growth. The results from this campaign are consistent with that strategy progressing as planned.

The Verity Resources Monument Gold Project drilling results across 9km BIF corridor confirm gold across a geological analogue comparable in setting to the nearby 1.4-million-ounce Westralia deposit. In addition, a pipeline of approximately 60 additional targets still to be tested adds considerable depth to the exploration outlook.

With 1-metre re-assays and RC drill programmes scheduled for 2026, the coming months are likely to deliver further news flow as Verity works to convert first-pass results into resource-defining data.

Key Takeaway
Verity Resources has reported that gold mineralisation at Monument extends well beyond its current 137,700-ounce resource, with first-pass drilling returning gold in 19 of 24 holes across the largest previously untested section of the BIF corridor. With RC drilling planned across high-priority targets in 2026 and approximately 60 additional targets yet to be tested along a 20-kilometre corridor, investors have near-term catalysts to monitor as the company works toward growing its ounce base at Monument.

Want to Know More About Verity Resources and the Monument Gold Project?

Verity Resources (ASX: VRL) is systematically working through one of Western Australia's more compelling undrilled gold corridors — a 20-kilometre BIF system hosting a known resource, with confirmed strike extensions and approximately 60 additional targets yet to be tested. With RC drilling and 1-metre re-assays planned for 2026, the pipeline of upcoming news flow is significant. To learn more about the company, the Monument Gold Project, and what the exploration programme ahead could mean for investors, visit the Verity Resources website.