Verity had a big year on the ground, and the numbers back it up.

At Monument, our gold project in the Laverton Goldfields, drilling across the Korong and Waihi deposits delivered a maiden Indicated Mineral Resource of 66,200 ounces, within a total resource of 137,700 ounces at 1.72g/t Au. Average grade lifted around 20% on the 2021 estimate. Metallurgical testing on both deposits returned recoveries above 92%, and step-out drilling extended mineralisation by more than a kilometre, with gold now identified across roughly 7km of the 20km Monument trend. The mining licence application for Korong-Waihi remains in progress.

In Botswana, we moved to 100% ownership of our copper-silver and nickel-copper-PGE portfolio and grew our landholding to 2,868km², giving us a much larger runway to test new targets alongside our three flagship prospects.

In Brazil, maiden drilling at Pimenta confirmed near-surface rare earth mineralisation over a 20km radiometric strike, an encouraging early result for that project.

On funding, we raised $3.0 million through a placement in September 2025 and a further $2,045,655 through an entitlement offer that closed fully subscribed in March 2026, with directors underwriting part of the shortfall. The group held $1,048,957 in cash at year end and recorded a net loss of $5,311,303 for the year. As with any explorer at this stage, we don't yet generate revenue, and our financial statements disclose a material uncertainty around going concern, meaning our ability to keep funding activities depends on continuing to raise capital as needed. The directors believe we're well placed to do so.

There's a lot of exploration still to come across all three projects, and we're conscious that resource estimates, tenure and permitting outcomes all carry inherent uncertainty as this work progresses.

If you have questions about any of this, we'd like to hear them through the question box on this page.