
April 16, 2025
Verity Resources Limited (ASX:VRL) (Verity or the Company) is pleased to provide an update on exploration activities and strategy at its 100%-owned Monument Gold Project, located in the prolific Laverton gold district of Western Australia. The Company is advancing a pipeline of highly prospective gold targets across the Monument Project as part of its strategy to define a larger, higher-confidence gold resource base in one of Australia’s most active gold belts. The Monument Gold Project comprises 195km2 of highly prospective greenstone, along strike of Genesis Minerals (GMD:ASX) 3.3Moz Laverton Gold Project
.
Verity’s exploration strategy is underpinned by a dual focus on upgrading and expanding the existing Mineral
Resource Estimate while systematically testing high-potential greenfields targets. The Monument Project
provides an opportunity to delineate a district-scale gold system supported by:
• a strategic location within a Tier 1 gold district;
• 20km of prospective BIF strike, largely untested;
• proximity to major gold deposits and infrastructure; and
• a growing pipeline of advanced and early-stage targets.
Upcoming exploration programs will be funded through a combination of existing cash reserves and funds
raised via the renounceable Rights Issue (partially underwritten) scheduled to close on 2 May 2025 (Refer
Prospectus released to ASX on 4 April 2024 for further information).
Click here for the full ASX Release
This article includes content from Verity Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
VRL:AU
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3h
Quarterly Activities/Appendix 5B Cash Flow Report
5h
Jeff Rhodes: Gold, Silver Price Calls for 2025, Top Drivers to Watch
Jeff Rhodes of Goldstrom Advisory shares his analysis of the gold price and key drivers, plus his precious metals investment strategy.
"Play from the long side. Be prepared to take profits when it looks good, but generally adopt an approach to buy into dips," he said. "Always buy. Don't try to play the markets, just buy on a regular basis."
Watch the interview above for Rhodes' insights on the gold, silver, platinum and palladium markets.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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6h
Gold Retreats, Equities Down as Fed Leaves Rates Unchanged
The US Federal Reserve held its fifth meeting of 2025 from Tuesday (July 29) to Wednesday (July 30) against a backdrop of trade tensions, spurred on by the Trump administration's tariffs.
The central bank met analysts’ expectations by holding its benchmark rate in the 4.25 to 4.5 percent range.
Chair Jerome Powell stated that although there were differences of opinion among the Federal Open Markets Committee members, they were clear on why they made their decisions, noting that inflation was tracking higher, but the job market remained stable.
“The labor market looks solid, inflation is above target, and even if you look through the tariff effects, we think it’s still a bit above target, and that’s why our stance is where it is,” Powell said.
The Fed chair also noted a slowing in gross domestic product, which he pointed out was up 2.5 percent in 2024, but initial data from 2025 points to a slowing in growth to 1.1 percent.
The vote to hold the rate was 9-2, with Governors Michelle Bowman and Christopher Waller being the dissenters who advocated for cuts. It marks the first time since December 1993 that two board members have broken with consensus.
Both Bowman and Waller were appointed by Donald Trump during his first term in office, with Waller being one of the front-runners to replace Powell when his term as board chairman ends in May 2026.
Trump has been critical of Powell in recent months, with the latest statements coming just minutes before the Fed meeting. The president has said Powell has not moved quickly enough to make rate cuts, despite data suggesting inflation has been starting to increase.
North of the Border, the Bank of Canada (BoC) also held its June meeting on Wednesday.
It also met expectations by holding its benchmark rate at 2.75 percent, with Bank Governor Tiff Macklem citing resilience in the economy despite trade disputes brought on by the Trump administration in the United States.
The BoC last changed its rate with a 0.25 percent cut in March to the current 2.75 percent from 3 percent.
Gold was down in the day’s trading, losing 1.6 percent to US$3,272.75 per ounce. Silver declined more sharply, losing 3.37 percent to US$36.93 per ounce at 3:30 p.m. EST.
The S&P 500 (INDEXSP:INX) was down, recording a 0.4 percent decline to reach 6,344.17. The Nasdaq-100 (INDEXNASDAQ:NDX) slipped 0.17 percent to come in at 23,265 , and the Dow Jones Industrial Average (INDEXDJX:DJI) lost 0.74 percent, coming to 44,297.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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10h
Capricorn Metals' Karlawinda Expansion Gets Thumbs Up
The Karlawinda gold project by Capricorn Metals (ASX:CMM,OTC Pink:CRNLF) is now clear to commence all expanded mining activities.
In a Tuesday (July 29) release, Capricorn said that its mining proposal and mine closure plan for the project has been approved by Western Australia’s Department of Energy, Mines, Industry Regulation and Safety (DEMIRS).
Karlawinda’s expansion was first revealed by the company last January, following its announcement of its acquisition of the Deadman Flat project in Pilbara.
According to Capricorn, Deadman Flat’s tenements cover approximately 270 square kilometres contiguous to its Karlawinda gold project, allowing for the expansion.
The company aims for Karlawinda to lift gold production by 25 percent, at a peak of 150,000 ounces per annum.
“We have been working hard over the past 12 months to be as prepared as possible for commencement of the project and that should allow an expedited start to construction,” commented Capricorn Executive Chairman Mark Clark.
Following the approval, Karlawinda can now proceed with all expanded mining activities at Bibra, Southern Corridor and Berwick open pits, and construction of the expanded processing plant.
The approval also covers the construction and development of Tailing Storage Facility 2 (TSF2), additional ROM pad, extensions to the southern waste dump and other infrastructure development required.
On July 24, Capricorn also announced its acquisition of Warriedar Resources (ASX:WA8,OTC:WRDRF) and its flagship Golden Range project.
The announcement stated that 2.3 million ounces (Moz) gold equivalent will be added to Capricorn’s resource, about 25 percent more than its existing Western Australian mineral resource base of 6.8 Moz.
Subject to certain conditions, the acquisition is expected to close in November 2025.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
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30 July
Piche Resources
Investor Insight
With high-quality, drill-ready assets with world-class discovery potential, Piche Resources is a compelling business case for investors looking to leverage a bull market for uranium and gold.
Overview
Piche Resources (ASX:PR2) is an ASX-listed mineral exploration company focused on uranium and gold exploration in Tier-1 jurisdictions: Western Australia and Argentina. The company holds 100 percent ownership of all of its projects and is supported by a highly experienced board and technical team.
Targeting globally significant discoveries in Tier-1 mineral provinces
Piche’s portfolio includes the advanced-stage Ashburton uranium project in Western Australia and two large-scale exploration projects in Argentina: the Cerro Chacon gold-silver project and the Sierra Cuadrada uranium project. These projects have delivered high-grade exploration results and are drill-ready, positioning the company to unlock significant shareholder value through systematic exploration programmes.
Piche has an internationally recognized board focused on creating long-term shareholder value, and an in-country technical team in Argentina with a proven track record of taking projects from discovery through to development.
Company Highlights
- Flagship Ashburton uranium project in Western Australia with recent high-grade drilling results over wide intercepts.
- Sierra Cuadrada uranium project in Argentina showing extensive near-surface mineralisation with assays up to 2.86 percent U₃O₈.
- Cerro Chacon gold-silver project with high-grade surface results (up to 11.65 g/t gold and 333.7 g/t silver) across a 14 km mineralised corridor.
- Fully permitted and EIA-approved for drilling at Cerro Chacon (Chacon South and Middle).
- Large, 100-percent-owned tenement package across all projects (Ashburton: 335 sq km; Cerro Chacon: 414 sq km; Sierra Cuadrada: 1,310 km²).
- Board of directors includes former leaders of Peninsula Energy, Orano, Rio Tinto Uranium and Barrick Gold.
- Upcoming drill campaigns planned at Cerro Chacon and Ashburton to test multiple high-priority targets.
- Well positioned for growth in the context of a strengthening uranium and gold price environment.
Key Projects
Gold: Cerro Chacon, Argentina
Cerro Chacon interpreted geology and tenement holding
Cerro Chacon is a large-scale, early-stage gold-silver exploration project located in the Chubut Province of Argentina. The project is situated within a region known for hosting world-class low-sulphidation epithermal systems, including Cerro Negro and Cerro Vanguardia. With multiple gold-bearing structures confirmed over a 14 km corridor, Cerro Chacon is emerging as a highly promising and underexplored precious metals system with substantial scale and grade potential.
Project Highlights
Location: ~40 km southwest of Paso de Indios, Chubut Province
Tenure: 414 sq km across multiple tenements
Highlights:
- A 14 km-long mineralised corridor has been delineated across Chacon Grid, La Javiela and Toro Hosco prospects.
- High-grade geochemical results include:
- 11.65 g/t gold and 120.3 g/t silver at Toro Hosco
- 333.7 g/t silver, 9.48 percent lead, and 8.57 percent zinc at La Javiela South
- Maiden RC drilling programme of 57 holes (7,905 m) scheduled across three main targets:
- Chacon Grid: 45 holes (5,590 m)
- La Javiela: 8 holes (1,740 m)
- Toro Hosco: 4 holes (575 m)
- EIA approvals for Chacon South and Chacon Middle were received in May 2025, enabling drilling to proceed.
- Vein systems range from 2 to 6 km in strike length and up to 50 m in width; hosted within structurally controlled low-sulphidation epithermal veins (LSEV).
Uranium: Ashburton Project, Australia
The Ashburton project is Piche’s flagship uranium exploration asset in Australia, situated in the Pilbara region of Western Australia. Located within a historically underexplored but highly prospective unconformity-related uranium district, the project provides the company with strong leverage to the growing global demand for uranium. The project is geologically analogous to world-class Proterozoic uranium systems, with multiple confirmed mineralised zones and a regional corridor of 60 km.
Project Highlights
- Location: Pilbara region, ~1,150 km north of Perth
- Tenure: 335 sq km following the recent application for tenement E52/4461 (214 sq km), adding to the existing 122 sq km holdings.
- Highlights:
- 2024 RC and diamond drilling confirmed high-grade uranium mineralisation at multiple stratigraphic levels.
- Best intercepts include:
- 3.45 m @ 5,129 ppm eU₃O₈ from 137.62 m (ARC006)
- 10.48 m @ 1,412 ppm eU₃O₈ from 114.30 m (ADD005)
- 2.42 m @ 2,681 ppm eU₃O₈ from 155.10 m (ADD003).
- 7.86 m @ 2,266 ppm eU₃O₈ from 105.42 m (ADD006)
- The company has outlined a 60 km structural corridor hosting multiple uranium occurrences including Angelo A & B, Canyon Creek, Ristretto and Atlantis.
- Atlantis prospect: historical drilling returned up to 7,400 ppm U₃O₈ over 2.2 m; rock chip samples have returned up to 37 percent U₃O₈.
Uranium: Sierra Cuadrada, Argentina
Sierra Cuadrada is Piche’s primary uranium asset in Argentina, covering a vast area within the San Jorge Basin. This large-scale project has demonstrated strong surface uranium mineralisation with multiple drill-ready prospects. With mineralisation confirmed across extensive zones and supported by historical radiometric and geochemical data, Sierra Cuadrada has the potential to host multiple Tier-1 uranium deposits in a cost-effective, near-surface setting.
Teo 5 and 6 prospect 2024 auger drill programme
Project Highlights:
Location: San Jorge Basin, ~200 km north of Comodoro Rivadavia
Tenure: 1,310 sq km across multiple licences
Highlights:
- The project area contains broad, flat-lying mineralisation at multiple stratigraphic levels.
- High-grade uranium assays include:
- 28,650 ppm U₃O₈ (2.86 percent) from rock chip sampling at Teo 8
- 24,017 ppm U₃O₈ from channel sampling
- 2,772 ppm U₃O₈ over 0.5m from auger drill sample
- Mineralised zones extend over a strike of 60 sq km, with confirmed targets on the majority of tenements.
- 2024 auger drilling and sampling confirmed uranium continuity across a sandstone and conglomerate sedimentary package with 14 samples exceeding 200 ppm U₃O₈.
- Rock chip sampling has returned 114 samples >200ppm U₃O₈
- RC drilling is planned to follow up on anomalies identified in the auger and channel sampling programmes.
Management Team
John (Gus) Simpson – Executive Chairman
John Simpson has over 37 years of experience in mineral exploration, development and mining. Previously the executive chairman and founder of Peninsula Energy Limited (ASX:PEN), a USA uranium producer.
Stephen Mann – Managing Director
Stephen Mann is a geologist with over 40 years of experience in exploration, discovery and development of mining projects, including 20 years in the uranium sector. Formerly the Australian managing director of Orano, the world’s third-largest uranium producer.
Pablo Marcet –Executive Director
Pablo Marcet is a senior geoscientist with 38 years of experience in exploration, discovery and development of mineral deposits. Currently an independent director of lithium producer Arcadium Lithium (NYSE:ALTM) and previously a director of Barrick Gold (NYSE:GOLD) and U3O8 (TSX:UWE).
Clark Beyer – Non-executive Director
Clark Beyer is an internationally recognized nuclear industry executive with over 35 years of experience. Formerly the managing director of Rio Tinto Uranium and currently principal of Global Fuel Solutions, providing strategic consulting to the international uranium and nuclear fuels market.
Stanley Macdonald – Non-executive Director
Stanley Macdonald is a nationally recognized mining entrepreneur, founding director and instrumental in the success of numerous ASX-listed companies, such as Giralia Resources, Northern Star and Redhill Iron. He is currently a director of Zenith Minerals.
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30 July
Quarterly Activities/Appendix 5B Cash Flow Report
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