Verity Resources Advances Monument Project in Tier 1 Gold Belt, Strengthening Presence Among ASX Mining Stocks

Highlights:

• Verity Resources progresses exploration at the Monument Gold Project in Western Australia's Laverton gold district

• Focus remains on upgrading current resource estimates and exploring new greenfields areas

• Funding secured through internal reserves and a renounceable Rights Issue to support upcoming programs

Gold exploration continues to be an active segment of the resources industry, with a number of Australian-based companies pushing forward with projects across established mineral districts. Among these is Verity Resources Limited (ASX:VRL), which has provided an update on its Monument Gold Project situated within the Laverton district in Western Australia.

This project lies within a highly mineralised belt that has hosted multiple large-scale discoveries, reinforcing the area's status as a consistent source of exploration activity. The Company controls an expansive tenure within this setting and is working to unlock value through both resource expansion and early-stage exploration work.

Dual-Focus Strategy to Enhance and Expand Resource Base

The Company's approach integrates near-resource drilling with broader exploration efforts across its landholding. This includes plans to build on an existing Mineral Resource Estimate and systematically investigate greenfields zones within the Monument Gold Project.

The Monument Project covers a belt of greenstone terrain, where mineralised structures have already been mapped. Much of the belt remains untested, particularly along a sequence of banded iron formation, which is recognised for hosting gold mineralisation in the region.

Verity’s strategy aims to generate a district-scale exploration footprint. The Monument Project sits along strike from other major deposits and benefits from road access, service infrastructure, and proximity to processing facilities, further supporting the viability of fieldwork.

Pipeline of Targets Drives Fieldwork Planning

Current project development includes a mix of advanced and early-stage exploration areas. These targets are being prioritised for ongoing drill planning and field programs, with a focus on delineating broader mineralised trends within the project boundary.

The pipeline of drill-ready and conceptual zones continues to grow, supported by geophysical data, soil sampling, and historical drilling. This layered approach forms part of a strategy to systematically evaluate each prospect area while building toward a refined project model.

Among the highlights of the project is the presence of structurally controlled gold systems, which remain a key geological theme across the broader Laverton district. Similar styles of mineralisation have been observed at nearby operations, reinforcing the relevance of continued exploration efforts in this area.

Funding in Place to Support Near-Term Exploration Work

To maintain exploration momentum, Verity Resources has secured funding through a combination of internal reserves and proceeds from a renounceable Rights Issue. The Rights Issue, partially underwritten, is scheduled to close in early May.

The funding package will be directed toward field campaigns designed to test high-priority areas and support further resource work. These programs are expected to advance the understanding of mineralisation across the project footprint and contribute to ongoing technical evaluations.

As a gold-focused explorer with a strong position in one of Australia's key mining corridors, Verity Resources joins a growing list of companies that form part of the broader ASX Mining Stocks category. The Company’s listing under ticker (ASX:VRL) aligns it with a diverse group of resource-sector participants active across commodities and geographies.

The Monument Gold Project remains a central focus for Verity as it continues to explore and evaluate the scale of its mineralised systems within a proven geological province.