Western Australia – Monument Gold Project

Verity Resources Limited (ASX: VRL) is 100% owner of the Monument Gold Project — a drill-ready gold asset in the Laverton Gold District of Western Australia, one of the country’s most active gold consolidation corridors. The project comprises approximately 405km² of tenure located 40km west of Laverton, directly adjacent to and along strike of Genesis Minerals’ (ASX: GMD) Mt Morgan Operations.

A total Mineral Resource of 3.3Mt at 1.4 g/t Au for 154,000 ounces of gold has been defined across the Korong and Waihi deposits, with the recent completion of 11,000m of infill and step-out drilling supporting an upgrade to Indicated classification — a key milestone for progression towards mining.

Location of Verity Resources’ 100%-owned Monument Gold Project in the Laverton Gold District, Western Australia. Adjacent to Genesis Minerals’ (ASX: GMD) Mt Morgan Operations.

Monument Gold Project tenure (~195km²) showing the Korong and Waihi deposits and selected key targets along the interpreted 20km BIF strike length

Strategic location and infrastructure

Monument Gold is situated in the Laverton Gold District of Western Australia’s Eastern Goldfields — a tier-1 mining jurisdiction with excellent established infrastructure. The sealed Leonora–Laverton highway runs directly through the project, alongside a gas pipeline and the Laverton airstrip. The project is directly adjacent to Genesis Minerals’ (ASX: GMD) 3.3Moz Mt Morgan Operations, which includes the Laverton processing plant operating at 3Mtpa capacity.

Geology and mineralisation

The Monument Gold resource is hosted in banded iron formations (BIF) at the Korong and Waihi deposits, which occur along approximately 20km of a relatively untested BIF horizon interpreted to be the same unit hosting the 1.4Moz Westralia deposit, located immediately to the southeast. To date, approximately 10% of this potential 20km strike has been drilled in detail, with more than 60 priority targets remaining — including BIF extensions and syenite-intrusion style targets identified from geochemical and geophysical surveys.

Resource and drilling

The Company has completed 11,000m of infill and step-out drilling across the Korong and Waihi deposits. The Korong deposit contains the majority of the resource (approximately 139koz Au) and delivered average gold recovery of 92.75% in metallurgical testwork. The Waihi deposit remains open along strike and at depth, with metallurgical testwork currently underway. An upgrade of the resource to Indicated classification is underway following completion of the drilling programme.

Development pathway

Verity is advancing Monument Gold along a clear development pathway: resource upgrade to Indicated → metallurgical programme completion → feasibility-level technical studies → progress to mine.

JORC Compliance Statement

The Mineral Resource Estimate for the Monument Gold Project was prepared by CSA Global Pty Ltd in accordance with the 2012 Edition of the JORC Code and is reported in the ASX announcement dated 2 August 2021. Verity Resources confirms it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply. An updated Mineral Resource Estimate incorporating infill drill results from the 2025/2026 drilling campaign is expected to be reported to ASX in accordance with JORC 2012 requirements.