VRL: Annual Report to shareholders

Original announcement by asx on

Company
Verity Resources Limited
Ticker
VRL
Exchange
ASX
Region
Western Australia
Primary commodity
Gold
Secondary commodities
Copper, Silver, Nickel, Platinum, Palladium, Rhodium, Ruthenium, Rare earth elements, Cerium, Lanthanum, Neodymium, Praseodymium, Gallium, Cobalt
Document categories
Drill results, Resource update, Metallurgy
Extracted
2026-09-30 06:27:08 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Verity Resources Limited reported a maiden Indicated Mineral Resource of 1.18Mt at 1.75g/t Au for 66,200 ounces at its Monument Gold Project in Western Australia, contributing to a total updated resource of 2.5Mt at 1.72g/t Au for 137,700 ounces. Metallurgical test work showed high gold recoveries above 92% from both Korong and Waihi deposits, supporting a conventional processing strategy. The company also completed significant drill campaigns, acquired 100% ownership of its Botswana portfolio, and conducted exploration in Brazil.

Reasoning: Verity Resources Limited reported a maiden Indicated Mineral Resource for its Monument Gold Project, demonstrating strong gold grades and high metallurgical recoveries, alongside successful exploration drilling and corporate milestones like the acquisition of 100% ownership in Botswana.

Positive factors

  • Maiden Indicated Resource
  • High Recovery
  • Resource Grade Improvement
  • Step-Out Extension
  • True Width Disclosed
  • QA/QC Disclosed
  • QP/CP Signed
  • JORC Compliant
  • Tonnage Growth
  • Contained Metal Growth
  • Category Upgrade
  • Multi-Domain Tested
  • Low Cyanide Consumption
  • Low Lime Consumption

Negative factors

  • Inferred Resource
  • All Inferred
  • Stale Estimate
  • Historical Estimate Only
  • Metal Equivalent Opaque

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 85

Classification and evidence

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 2 distinct composites were tested

Extracted facts

Stored fact records: 85. Some facts used in scoring do not have a stored record.

Drill Results (53)

Fact 1Monument · goldGrade: 6.37Grade Unit: g/tIntercept: 7.7 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
6.37
Grade Unit
g/t
Intercept
7.7 m
True Width
7.7 m
From
78 m
To
85.7 m
Intercept Depth
78 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:78-85.7

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade gold intercept with stated true width from the Korong deposit, indicating strong mineralization.

Positive factors

  • Bonanza Intercept
  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“7.7m at 6.37g/t Au from 78m, including 1m at 38.0g/t Au”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 7.7

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 2Monument · goldGrade: 38Grade Unit: g/tIntercept: 1 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
38
Grade Unit
g/t
Intercept
1 m
True Width
1 m
From
78 m
To
79 m
Intercept Depth
78 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:78-79

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Exceptional high-grade sub-interval within a broader intercept, indicating very strong gold mineralization.

Positive factors

  • Bonanza Intercept
  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“1m at 38.0g/t Au”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 3Monument · goldGrade: 6.35Grade Unit: g/tIntercept: 3.9 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
6.35
Grade Unit
g/t
Intercept
3.9 m
True Width
3.9 m
From
96 m
To
99.9 m
Intercept Depth
96 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:96-99.9

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade gold intercept with stated true width from the Korong deposit, indicating strong mineralization.

Positive factors

  • Bonanza Intercept
  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“3.9m at 6.35g/t Au from 96m, including 1m at 15.3g/t Au”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 3.9

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 4Monument · goldGrade: 15.3Grade Unit: g/tIntercept: 1 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
15.3
Grade Unit
g/t
Intercept
1 m
True Width
1 m
From
96 m
To
97 m
Intercept Depth
96 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:96-97

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade sub-interval within a broader intercept, indicating strong gold mineralization.

Positive factors

  • Bonanza Intercept
  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“1m at 15.3g/t Au”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 1

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 5Monument · goldGrade: 5.76Grade Unit: g/tIntercept: 3.9 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
5.76
Grade Unit
g/t
Intercept
3.9 m
True Width
3.9 m
From
43 m
To
46.9 m
Intercept Depth
43 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:43-46.9

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade gold intercept with stated true width from the Korong deposit, indicating strong mineralization.

Positive factors

  • Bonanza Intercept
  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“3.9m at 5.76g/t Au from 43m, including 2m at 9.55g/t Au”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 3.9

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 6Monument · goldGrade: 9.55Grade Unit: g/tIntercept: 2 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
9.55
Grade Unit
g/t
Intercept
2 m
True Width
2 m
From
43 m
To
45 m
Intercept Depth
43 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:43-45

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade sub-interval within a broader intercept, indicating strong gold mineralization.

Positive factors

  • Bonanza Intercept
  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“2m at 9.55g/t Au”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 2

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 7Monument · goldGrade: 4.84Grade Unit: g/tIntercept: 6.8 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
4.84
Grade Unit
g/t
Intercept
6.8 m
True Width
6.8 m
From
114 m
To
120.8 m
Intercept Depth
114 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:114-120.8

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade gold intercept with stated true width from the Korong deposit, indicating strong mineralization.

Positive factors

  • Bonanza Intercept
  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“6.8m at 4.84g/t Au from 114m, including 3m at 9.89g/t Au”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 6.8

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 8Monument · goldGrade: 9.89Grade Unit: g/tIntercept: 3 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
9.89
Grade Unit
g/t
Intercept
3 m
True Width
3 m
From
114 m
To
117 m
Intercept Depth
114 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:114-117

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade sub-interval within a broader intercept, indicating strong gold mineralization.

Positive factors

  • Bonanza Intercept
  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“3m at 9.89g/t Au”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 3

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 9Monument · goldGrade: 1.65Grade Unit: g/tIntercept: 19.4 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
1.65
Grade Unit
g/t
Intercept
19.4 m
True Width
19.4 m
From
84 m
To
103.4 m
Intercept Depth
84 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:84-103.4

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Significant width gold intercept with stated true width from the Korong deposit, indicating good continuity.

Positive factors

  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“19.4m at 1.65g/t Au from 84m, including 5.8m at 2.25g/t Au”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 19.4

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 10Monument · goldGrade: 2.25Grade Unit: g/tIntercept: 5.8 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
2.25
Grade Unit
g/t
Intercept
5.8 m
True Width
5.8 m
From
84 m
To
89.8 m
Intercept Depth
84 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:84-89.8

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Good grade sub-interval within a broader intercept, contributing to the overall mineralization.

Positive factors

  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“5.8m at 2.25g/t Au”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 5.8

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 11Monument · goldGrade: 3.91Grade Unit: g/tIntercept: 4.8 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
3.91
Grade Unit
g/t
Intercept
4.8 m
True Width
4.8 m
From
97 m
To
101.8 m
Intercept Depth
97 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:97-101.8

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Good grade gold intercept with stated true width from the Korong deposit, indicating consistent mineralization.

Positive factors

  • True Width Disclosed
  • QA/QC Disclosed

Evidence · text

“4.8m at 3.91g/t Au from 97m.”

Tags used in scoring

True Width Disclosedpositive

Actual thickness perpendicular to structure is stated, not just downhole length.

Why it applies: true_width_m is 4.8

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 12Monument · goldGrade: 4.46Grade Unit: g/tIntercept: 4.8 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
4.46
Grade Unit
g/t
Intercept
4.8 m
From
60 m
To
64.8 m
Intercept Depth
60 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:60-64.8

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade gold intercept from Waihi infill drilling, confirming consistent mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Evidence · text

“4.8m at 4.46g/t Au from 60m, including 0.8m at 13.05g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 13Monument · goldGrade: 13.05Grade Unit: g/tIntercept: 0.8 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
13.05
Grade Unit
g/t
Intercept
0.8 m
From
60 m
To
60.8 m
Intercept Depth
60 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:60-60.8

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade sub-interval within a broader intercept, indicating strong gold mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Evidence · text

“0.8m at 13.05g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 14Monument · goldGrade: 4.67Grade Unit: g/tIntercept: 3 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
4.67
Grade Unit
g/t
Intercept
3 m
From
71 m
To
74 m
Intercept Depth
71 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:71-74

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade gold intercept from Waihi infill drilling, confirming consistent mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Evidence · text

“3.0m at 4.67g/t Au from 71m, including 0.8m at 16.2g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 15Monument · goldGrade: 16.2Grade Unit: g/tIntercept: 0.8 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
16.2
Grade Unit
g/t
Intercept
0.8 m
From
71 m
To
71.8 m
Intercept Depth
71 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:71-71.8

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade sub-interval within a broader intercept, indicating strong gold mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Evidence · text

“0.8m at 16.2g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 16Monument · goldGrade: 5.41Grade Unit: g/tIntercept: 2.4 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
5.41
Grade Unit
g/t
Intercept
2.4 m
From
87 m
To
89.4 m
Intercept Depth
87 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:87-89.4

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade gold intercept from Waihi infill drilling, confirming consistent mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Evidence · text

“2.4m at 5.41g/t Au from 87m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 17Monument · goldGrade: 4.14Grade Unit: g/tIntercept: 3.2 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
4.14
Grade Unit
g/t
Intercept
3.2 m
From
110 m
To
113.2 m
Intercept Depth
110 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
Monument:110-113.2

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade gold intercept from Waihi infill drilling, confirming consistent mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Evidence · text

“3.2m at 4.14g/t Au from 110m.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Fact 18Monument · goldGrade: 13.15Grade Unit: g/tIntercept: 6.7 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
13.15
Grade Unit
g/t
Intercept
6.7 m

Classification

Deposit Type
orogenic
Sample Type
drill

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical high-grade gold intercept at Korong/Waihi, confirmed by recent validation, adding confidence to the resource.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“6.7m at 13.15g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Fact 19Monument · goldGrade: 7.24Grade Unit: g/tIntercept: 5.9 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
7.24
Grade Unit
g/t
Intercept
5.9 m

Classification

Deposit Type
orogenic
Sample Type
drill

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical high-grade gold intercept at Korong/Waihi, confirmed by recent validation, adding confidence to the resource.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“5.9m at 7.24g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

KODD25004Monument · goldGrade: 0.74Grade Unit: g/tIntercept: 2.4 mView all details
Link to this fact

Identity

Hole ID
KODD25004
Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
0.74
Grade Unit
g/t
Intercept
2.4 m
From
319 m
To
321.4 m
Intercept Depth
319 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
KODD25004:319-321.4

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Step-out drilling at Korong extended mineralization at depth, indicating potential for further resource growth.

Positive factors

  • Step-Out Extension
  • QA/QC Disclosed

Evidence · text

“Diamond hole KODD25004 returned 2.4m at 0.74g/t Au from 319m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 21Monument · goldGrade: 2.51Grade Unit: g/tIntercept: 2.9 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
2.51
Grade Unit
g/t
Intercept
2.9 m
From
8 m
To
10.9 m
Intercept Depth
8 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
Monument:8-10.9

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Shallow step-out intercept at Korong, extending mineralization near surface.

Positive factors

  • Step-Out Extension
  • QA/QC Disclosed

Evidence · text

“Shallow step-out intercepts included 2.9m at 2.51g/t Au from 8m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 22Monument · goldGrade: 1.31Grade Unit: g/tIntercept: 1.9 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
1.31
Grade Unit
g/t
Intercept
1.9 m
From
52 m
To
53.9 m
Intercept Depth
52 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
Monument:52-53.9

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Shallow step-out intercept at Korong, extending mineralization near surface.

Positive factors

  • Step-Out Extension
  • QA/QC Disclosed

Evidence · text

“1.9m at 1.31g/t Au from 52m.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

WHRC25007Monument · goldGrade: 5.27Grade Unit: g/tIntercept: 3.2 mView all details
Link to this fact

Identity

Hole ID
WHRC25007
Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
5.27
Grade Unit
g/t
Intercept
3.2 m
From
60 m
To
63.2 m
Intercept Depth
60 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
WHRC25007:60-63.2

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade step-out intercept at Waihi, significantly extending mineralization outside the main resource envelope.

Positive factors

  • Bonanza Intercept
  • Step-Out Extension
  • QA/QC Disclosed

Evidence · text

“Hole WHRC25007 returned 3.2m at 5.27g/t Au from 60m, including 0.8m at 21.3g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

WHRC25007Monument · goldGrade: 21.3Grade Unit: g/tIntercept: 0.8 mView all details
Link to this fact

Identity

Hole ID
WHRC25007
Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
21.3
Grade Unit
g/t
Intercept
0.8 m
From
60 m
To
60.8 m
Intercept Depth
60 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
WHRC25007:60-60.8

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Exceptional high-grade sub-interval within a step-out intercept, indicating very strong gold mineralization.

Positive factors

  • Bonanza Intercept
  • Step-Out Extension
  • QA/QC Disclosed

Evidence · text

“0.8m at 21.3g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

WHDD25001Monument · goldGrade: 4.2Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
WHDD25001
Project
Monument
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
4.2
Grade Unit
g/t
Intercept
0.9 m
From
179 m
To
179.9 m
Intercept Depth
179 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
WHDD25001:179-179.9

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Step-out intercept at Waihi, extending mineralization at depth, indicating potential for further resource growth.

Positive factors

  • Bonanza Intercept
  • Step-Out Extension
  • QA/QC Disclosed

Evidence · text

“Diamond hole WHDD25001 returned 0.9m at 4.20g/t Au from 179m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 26Perseverance · goldGrade: 1.24Grade Unit: g/tIntercept: 2 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Perseverance
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
1.24
Grade Unit
g/t
Intercept
2 m
From
86 m
To
88 m
Intercept Depth
86 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
Perseverance:86-88

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: First-pass drilling at Perseverance confirmed target stratigraphy with gold mineralization, indicating new prospectivity.

Positive factors

  • QA/QC Disclosed

Evidence · text

“2m at 1.24g/t Au from 86m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 27Perseverance · goldGrade: 0.73Grade Unit: g/tIntercept: 2 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Perseverance
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
0.73
Grade Unit
g/t
Intercept
2 m
From
66 m
To
68 m
Intercept Depth
66 m

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
drill
Group ID
Perseverance:66-68

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: First-pass drilling at Perseverance confirmed target stratigraphy with gold mineralization, indicating new prospectivity.

Positive factors

  • QA/QC Disclosed

Evidence · text

“2m at 0.73g/t Au from 66m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 28A1 · goldGrade: 2.51Grade Unit: g/tIntercept: 2.9 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
A1
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
2.51
Grade Unit
g/t
Intercept
2.9 m
From
8 m
To
10.9 m
Intercept Depth
8 m

Classification

Program
exploration
Sample Type
drill
Group ID
A1:8-10.9

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: RC drilling at A1 returned good shallow gold intercepts, indicating further exploration potential.

Positive factors

  • QA/QC Disclosed

Evidence · text

“2.9m at 2.51g/t Au from 8m”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 29A1 · goldGrade: 1.29Grade Unit: g/tIntercept: 1.9 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
A1
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
VRL

Geometry

Grade
1.29
Grade Unit
g/t
Intercept
1.9 m
From
8 m
To
9.9 m
Intercept Depth
8 m

Classification

Program
exploration
Sample Type
drill
Group ID
A1:8-9.9

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: RC drilling at A1 returned good shallow gold intercepts, indicating further exploration potential.

Positive factors

  • QA/QC Disclosed

Evidence · text

“1.9m at 1.29g/t Au from 8m.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

ACRC003Airstrip · copperGrade: 7.63Grade Unit: %Intercept: 11 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ACRC003
Project
Airstrip
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
7.63
Grade Unit
%
Intercept
11 m
From
52 m
To
63 m
Intercept Depth
52 m

Classification

Sample Type
drill
Group ID
ACRC003:52-63

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical high-grade copper intercept at Airstrip, demonstrating significant mineralization potential.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“11m at 7.63% Cu and 462g/t Ag from 52m, including 3m at 22.74% Cu and 1,379g/t Ag (Airstrip, ACRC003)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

ACRC003Airstrip · silverGrade: 462Grade Unit: g/tIntercept: 11 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ACRC003
Project
Airstrip
Commodity
silver
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
462
Grade Unit
g/t
Intercept
11 m
From
52 m
To
63 m
Intercept Depth
52 m

Classification

Sample Type
drill
Group ID
ACRC003:52-63

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical high-grade silver intercept at Airstrip, demonstrating significant mineralization potential.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“11m at 7.63% Cu and 462g/t Ag from 52m, including 3m at 22.74% Cu and 1,379g/t Ag (Airstrip, ACRC003)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

ACRC003Airstrip · copperGrade: 22.74Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ACRC003
Project
Airstrip
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
22.74
Grade Unit
%
Intercept
3 m
From
52 m
To
55 m
Intercept Depth
52 m

Classification

Sample Type
drill
Group ID
ACRC003:52-55

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical bonanza-grade copper sub-interval at Airstrip, highlighting very high-grade potential.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“3m at 22.74% Cu and 1,379g/t Ag”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

ACRC003Airstrip · silverGrade: 1379Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ACRC003
Project
Airstrip
Commodity
silver
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
1379
Grade Unit
g/t
Intercept
3 m
From
52 m
To
55 m
Intercept Depth
52 m

Classification

Sample Type
drill
Group ID
ACRC003:52-55

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical bonanza-grade silver sub-interval at Airstrip, highlighting very high-grade potential.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“3m at 22.74% Cu and 1,379g/t Ag”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

ACRD029Airstrip · copperGrade: 21.58Grade Unit: %Intercept: 1.13 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ACRD029
Project
Airstrip
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
21.58
Grade Unit
%
Intercept
1.13 m
From
65 m
To
66.13 m
Intercept Depth
65 m

Classification

Sample Type
drill
Group ID
ACRD029:65-66.13

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical bonanza-grade copper intercept at Airstrip, demonstrating very high-grade potential over a narrow width.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“1.13m at 21.58% Cu and 1,023g/t Ag from 65m, including 0.25m at 60.98% Cu and 2,833g/t Ag (Airstrip, ACRD029)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

ACRD029Airstrip · silverGrade: 1023Grade Unit: g/tIntercept: 1.13 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ACRD029
Project
Airstrip
Commodity
silver
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
1023
Grade Unit
g/t
Intercept
1.13 m
From
65 m
To
66.13 m
Intercept Depth
65 m

Classification

Sample Type
drill
Group ID
ACRD029:65-66.13

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical bonanza-grade silver intercept at Airstrip, demonstrating very high-grade potential over a narrow width.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“1.13m at 21.58% Cu and 1,023g/t Ag from 65m, including 0.25m at 60.98% Cu and 2,833g/t Ag (Airstrip, ACRD029)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

ACRD029Airstrip · copperGrade: 60.98Grade Unit: %Intercept: 0.25 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ACRD029
Project
Airstrip
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
60.98
Grade Unit
%
Intercept
0.25 m
From
65 m
To
65.25 m
Intercept Depth
65 m

Classification

Sample Type
drill
Group ID
ACRD029:65-65.25

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical bonanza-grade copper sub-interval at Airstrip, highlighting extremely high-grade potential.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“0.25m at 60.98% Cu and 2,833g/t Ag”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

ACRD029Airstrip · silverGrade: 2833Grade Unit: g/tIntercept: 0.25 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ACRD029
Project
Airstrip
Commodity
silver
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
2833
Grade Unit
g/t
Intercept
0.25 m
From
65 m
To
65.25 m
Intercept Depth
65 m

Classification

Sample Type
drill
Group ID
ACRD029:65-65.25

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical bonanza-grade silver sub-interval at Airstrip, highlighting extremely high-grade potential.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“0.25m at 60.98% Cu and 2,833g/t Ag”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

DBRC124Dibete · copperGrade: 2.17Grade Unit: %Intercept: 25 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DBRC124
Project
Dibete
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
2.17
Grade Unit
%
Intercept
25 m
From
27 m
To
52 m
Intercept Depth
27 m

Classification

Sample Type
drill
Group ID
DBRC124:27-52

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical wide copper intercept at Dibete, indicating significant mineralization over a substantial width.

Positive factors

  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“25m at 2.17% Cu and 77g/t Ag from 27m (Dibete, DBRC124)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

DBRC124Dibete · silverGrade: 77Grade Unit: g/tIntercept: 25 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DBRC124
Project
Dibete
Commodity
silver
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
77
Grade Unit
g/t
Intercept
25 m
From
27 m
To
52 m
Intercept Depth
27 m

Classification

Sample Type
drill
Group ID
DBRC124:27-52

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical wide silver intercept at Dibete, indicating significant mineralization over a substantial width.

Positive factors

  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“25m at 2.17% Cu and 77g/t Ag from 27m (Dibete, DBRC124)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Fact 40Dibete · copperGrade: 1.37Grade Unit: %Intercept: 36 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Dibete
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
1.37
Grade Unit
%
Intercept
36 m
From
12 m
To
48 m
Intercept Depth
12 m

Classification

Sample Type
drill
Group ID
Dibete:12-48

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical very wide copper intercept at Dibete, demonstrating significant mineralization over a substantial width.

Positive factors

  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“36m at 1.37% Cu and 70g/t Ag from 12m, including 2.5m at 7.41% Cu and 456g/t Ag (Dibete)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Fact 41Dibete · silverGrade: 70Grade Unit: g/tIntercept: 36 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Dibete
Commodity
silver
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
70
Grade Unit
g/t
Intercept
36 m
From
12 m
To
48 m
Intercept Depth
12 m

Classification

Sample Type
drill
Group ID
Dibete:12-48

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical very wide silver intercept at Dibete, demonstrating significant mineralization over a substantial width.

Positive factors

  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“36m at 1.37% Cu and 70g/t Ag from 12m, including 2.5m at 7.41% Cu and 456g/t Ag (Dibete)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Fact 42Dibete · copperGrade: 7.41Grade Unit: %Intercept: 2.5 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Dibete
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
7.41
Grade Unit
%
Intercept
2.5 m
From
12 m
To
14.5 m
Intercept Depth
12 m

Classification

Sample Type
drill
Group ID
Dibete:12-14.5

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical high-grade copper sub-interval at Dibete, highlighting strong mineralization potential.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“2.5m at 7.41% Cu and 456g/t Ag”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Fact 43Dibete · silverGrade: 456Grade Unit: g/tIntercept: 2.5 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Dibete
Commodity
silver
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
456
Grade Unit
g/t
Intercept
2.5 m
From
12 m
To
14.5 m
Intercept Depth
12 m

Classification

Sample Type
drill
Group ID
Dibete:12-14.5

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical high-grade silver sub-interval at Dibete, highlighting strong mineralization potential.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“2.5m at 7.41% Cu and 456g/t Ag”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

DBRD149Dibete · copperGrade: 7.2Grade Unit: %Intercept: 6.15 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DBRD149
Project
Dibete
Commodity
copper
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
7.2
Grade Unit
%
Intercept
6.15 m
From
24.85 m
To
31 m
Intercept Depth
24.85 m

Classification

Sample Type
drill
Group ID
DBRD149:24.85-31

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical high-grade copper intercept at Dibete, demonstrating strong mineralization potential.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“6.15m at 7.20% Cu and 182g/t Ag from 24.85m (Dibete, DBRD149)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

DBRD149Dibete · silverGrade: 182Grade Unit: g/tIntercept: 6.15 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DBRD149
Project
Dibete
Commodity
silver
Region
botswana
Reported Region
botswana
Ticker
VRL

Geometry

Grade
182
Grade Unit
g/t
Intercept
6.15 m
From
24.85 m
To
31 m
Intercept Depth
24.85 m

Classification

Sample Type
drill
Group ID
DBRD149:24.85-31

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical high-grade silver intercept at Dibete, demonstrating strong mineralization potential.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Negative factors

  • Stale Data Re-release

Evidence · text

“6.15m at 7.20% Cu and 182g/t Ag from 24.85m (Dibete, DBRD149)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Fact 46Pimenta REE · rare earth elementsGrade: 2250Grade Unit: ppmIntercept: 5 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Pimenta REE
Commodity
rare earth elements
Region
brazil
Reported Region
brazil
Ticker
VRL

Geometry

Grade
2250
Grade Unit
ppm
Intercept
5 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Maiden auger drilling confirmed widespread near-surface REE mineralization, indicating significant exploration potential.

Positive factors

  • QA/QC Disclosed

Evidence · text

“5m at 2,250ppm TREO, 26% MREO”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 47Pimenta REE · rare earth elementsGrade: 2683Grade Unit: ppmIntercept: 4 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Pimenta REE
Commodity
rare earth elements
Region
brazil
Reported Region
brazil
Ticker
VRL

Geometry

Grade
2683
Grade Unit
ppm
Intercept
4 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Maiden auger drilling confirmed widespread near-surface REE mineralization, indicating significant exploration potential.

Positive factors

  • QA/QC Disclosed

Evidence · text

“4m at 2,683ppm TREO, 26% MREO”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

PMT-AUG-016Pimenta REE · rare earth elementsGrade: 2204Grade Unit: ppmIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
PMT-AUG-016
Project
Pimenta REE
Commodity
rare earth elements
Region
brazil
Reported Region
brazil
Ticker
VRL

Geometry

Grade
2204
Grade Unit
ppm
Intercept
4 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Maiden auger drilling confirmed widespread near-surface REE mineralization, indicating significant exploration potential.

Positive factors

  • QA/QC Disclosed

Evidence · text

“4m at 2,204ppm TREO, 26% MREO (PMT-AUG-016)”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 49Pimenta REE · rare earth elementsGrade: 2322Grade Unit: ppmIntercept: 4 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Pimenta REE
Commodity
rare earth elements
Region
brazil
Reported Region
brazil
Ticker
VRL

Geometry

Grade
2322
Grade Unit
ppm
Intercept
4 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Maiden auger drilling confirmed widespread near-surface REE mineralization, indicating significant exploration potential.

Positive factors

  • QA/QC Disclosed

Evidence · text

“4m at 2,322ppm TREO, 24% MREO, including 1m at 4,171ppm TREO”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 50Pimenta REE · rare earth elementsGrade: 4171Grade Unit: ppmIntercept: 1 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Pimenta REE
Commodity
rare earth elements
Region
brazil
Reported Region
brazil
Ticker
VRL

Geometry

Grade
4171
Grade Unit
ppm
Intercept
1 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade sub-interval within a broader REE intercept, indicating strong mineralization.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed

Evidence · text

“1m at 4,171ppm TREO”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 51Pimenta REE · rare earth elementsGrade: 2193Grade Unit: ppmIntercept: 7 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Pimenta REE
Commodity
rare earth elements
Region
brazil
Reported Region
brazil
Ticker
VRL

Geometry

Grade
2193
Grade Unit
ppm
Intercept
7 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Maiden auger drilling confirmed widespread near-surface REE mineralization, indicating significant exploration potential.

Positive factors

  • QA/QC Disclosed

Evidence · text

“7m at 2,193ppm TREO, 28% MREO”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 52Pimenta REE · galliumGrade: 62Grade Unit: ppm Ga₂O₃Intercept: 4 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Pimenta REE
Commodity
gallium
Region
brazil
Reported Region
brazil
Ticker
VRL

Geometry

Grade
62
Grade Unit
ppm Ga₂O₃
Intercept
4 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Anomalous gallium returned from auger drilling, indicating potential for critical mineral byproducts.

Positive factors

  • QA/QC Disclosed

Evidence · text

“4m at 62ppm Ga₂O₃, including 1m at 77ppm Ga₂O₃.”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Fact 53Pimenta REE · galliumGrade: 77Grade Unit: ppm Ga₂O₃Intercept: 1 mNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Pimenta REE
Commodity
gallium
Region
brazil
Reported Region
brazil
Ticker
VRL

Geometry

Grade
77
Grade Unit
ppm Ga₂O₃
Intercept
1 m

Classification

Sample Type
drill

QA/QC

QP Signed
Yes

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade sub-interval for gallium, indicating strong potential for critical mineral byproducts.

Positive factors

  • QA/QC Disclosed

Evidence · text

“1m at 77ppm Ga₂O₃”

Tags used in scoring

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Resource Estimates (26)

indicatedMonument Gold Project · goldTonnes: 920000Grade: 1.68Grade Unit: g/tContained Metal: 49.8Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:7784ecef1d3b02b7fd7b
Deposit or zone
Korong

Resource Data

Category
indicated
Tonnes
920000
Grade
1.68
Grade Unit
g/t
Contained Metal
49.8
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a significant portion of the maiden Indicated Mineral Resource, reported under JORC 2012 standards for open pit mining.

Positive factors

  • Maiden Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Tonnage Growth
  • Contained Metal Growth

Evidence · table

“1.68”

Context: 920,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredMonument Gold Project · goldTonnes: 50000Grade: 1.23Grade Unit: g/tContained Metal: 2.2Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:955610aa496c7cc4b8b6
Deposit or zone
Korong

Resource Data

Category
inferred
Tonnes
50000
Grade
1.23
Grade Unit
g/t
Contained Metal
2.2
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a smaller inferred resource component for Korong open pit, contributing to the overall resource update.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“1.23”

Context: 50,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredMonument Gold Project · goldTonnes: 40000Grade: 1.11Grade Unit: g/tContained Metal: 1.5Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:70f1ef6e38d2ab7a8973
Deposit or zone
A1 (Korong North)

Resource Data

Category
inferred
Tonnes
40000
Grade
1.11
Grade Unit
g/t
Contained Metal
1.5
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a small inferred resource for A1, contributing to the overall resource update.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“1.11”

Context: 40,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedMonument Gold Project · goldTonnes: 110000Grade: 2.11Grade Unit: g/tContained Metal: 7.2Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:5d8ff2f218c61bd0b575
Deposit or zone
Waihi

Resource Data

Category
indicated
Tonnes
110000
Grade
2.11
Grade Unit
g/t
Contained Metal
7.2
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is an Indicated resource component for Waihi open pit, contributing to the maiden Indicated Mineral Resource.

Positive factors

  • Maiden Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Tonnage Growth
  • Contained Metal Growth

Evidence · table

“2.11”

Context: 110,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedMonument Gold Project · goldTonnes: 100000Grade: 1.67Grade Unit: g/tContained Metal: 5.4Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:cd69a0fbc2947fd1ebce
Deposit or zone
Korong Main

Resource Data

Category
indicated
Tonnes
100000
Grade
1.67
Grade Unit
g/t
Contained Metal
5.4
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is an Indicated resource component for Korong underground, contributing to the maiden Indicated Mineral Resource.

Positive factors

  • Maiden Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Tonnage Growth
  • Contained Metal Growth

Evidence · table

“1.67”

Context: 100,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredMonument Gold Project · goldTonnes: 1120000Grade: 1.72Grade Unit: g/tContained Metal: 61.9Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:f35865f6a4502f98f7db
Deposit or zone
Korong Main

Resource Data

Category
inferred
Tonnes
1120000
Grade
1.72
Grade Unit
g/t
Contained Metal
61.9
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a significant inferred resource component for Korong underground, contributing to the overall resource update.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Tonnage Growth
  • Contained Metal Growth

Negative factors

  • Inferred Resource

Evidence · table

“1.72”

Context: 1,120,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedMonument Gold Project · goldTonnes: 50000Grade: 2.4Grade Unit: g/tContained Metal: 3.9Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:e11eeaaf97a3c35be97a
Deposit or zone
Waihi

Resource Data

Category
indicated
Tonnes
50000
Grade
2.4
Grade Unit
g/t
Contained Metal
3.9
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is an Indicated resource component for Waihi underground, contributing to the maiden Indicated Mineral Resource.

Positive factors

  • Maiden Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Tonnage Growth
  • Contained Metal Growth

Evidence · table

“2.40”

Context: 50,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredMonument Gold Project · goldTonnes: 100000Grade: 1.79Grade Unit: g/tContained Metal: 6Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:eb22e654d078b2cc0d38
Deposit or zone
Waihi

Resource Data

Category
inferred
Tonnes
100000
Grade
1.79
Grade Unit
g/t
Contained Metal
6
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is an inferred resource component for Waihi underground, contributing to the overall resource update.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“1.79”

Context: 100,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedMonument Gold Project · goldTonnes: 1180000Grade: 1.75Grade Unit: g/tContained Metal: 66.2Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:9f079ef223e8b77c13a4

Resource Data

Category
indicated
Tonnes
1180000
Grade
1.75
Grade Unit
g/t
Contained Metal
66.2
Contained Unit
koz

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The maiden Indicated Mineral Resource is a significant de-risking milestone for the project, demonstrating geological confidence.

Positive factors

  • Maiden Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Tonnage Growth
  • Contained Metal Growth
  • Category Upgrade

Evidence · table

“1.75”

Context: 1,180,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredMonument Gold Project · goldTonnes: 1320000Grade: 1.69Grade Unit: g/tContained Metal: 71.5Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:8b903bc9b382776ea1eb

Resource Data

Category
inferred
Tonnes
1320000
Grade
1.69
Grade Unit
g/t
Contained Metal
71.5
Contained Unit
koz

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a substantial inferred resource, indicating significant exploration potential but lower geological confidence than indicated resources.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Tonnage Growth
  • Contained Metal Growth

Negative factors

  • Inferred Resource

Evidence · table

“1.69”

Context: 1,320,000

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

indicatedMonument Gold Project · goldTonnes: 2500000Grade: 1.72Grade Unit: g/tContained Metal: 137.7Contained Unit: kozView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Rick Gordon, Mark Zammit
Resource group id
resource:496e361e1fd85fb9da37

Resource Data

Category
indicated
Tonnes
2500000
Grade
1.72
Grade Unit
g/t
Contained Metal
137.7
Contained Unit
koz

Prior Estimate

Resource Date
2026-05-12

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The total updated Mineral Resource shows significant contained gold and an increase in average grade, reflecting successful drilling and geological modelling.

Positive factors

  • Maiden Indicated Resource
  • JORC Compliant
  • QP/CP Signed
  • Tonnage Growth
  • Contained Metal Growth
  • Resource Update
  • Grade Improvement

Evidence · table

“1.72”

Context: 2,500,000

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

inferredMaibele North · nickelTonnes: 2380000Grade: 0.72Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Maibele North
Commodity
nickel
Region
botswana
Reported Region
Botswana
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Paul Lemmon
Resource group id
resource:d5a1ca7efbee6dbc55fc

Resource Data

Category
inferred
Tonnes
2380000
Grade
0.72
Grade Unit
%
Cutoff Grade
0.3
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2015-04-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2015-04-01T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a historical inferred resource for nickel, indicating potential but requiring further work to upgrade confidence and confirm economic viability.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • All Inferred
  • Stale Estimate
  • Historical Estimate Only

Evidence · table

“0.72”

Context: 2.38

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 11.5 years before this release

inferredMaibele North · copperTonnes: 2380000Grade: 0.21Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Maibele North
Commodity
copper
Region
botswana
Reported Region
Botswana
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Paul Lemmon
Resource group id
resource:d5a1ca7efbee6dbc55fc

Resource Data

Category
inferred
Tonnes
2380000
Grade
0.21
Grade Unit
%
Cutoff Grade
0.3
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2015-04-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2015-04-01T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a historical inferred resource for copper, indicating potential but requiring further work to upgrade confidence and confirm economic viability.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • All Inferred
  • Stale Estimate
  • Historical Estimate Only

Evidence · table

“0.21”

Context: 2.38

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 11.5 years before this release

inferredMaibele North · platinumTonnes: 2380000Grade: 0.08Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Maibele North
Commodity
platinum
Region
botswana
Reported Region
Botswana
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Paul Lemmon
Resource group id
resource:d5a1ca7efbee6dbc55fc

Resource Data

Category
inferred
Tonnes
2380000
Grade
0.08
Grade Unit
g/t
Cutoff Grade
0.3
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2015-04-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2015-04-01T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a historical inferred resource for platinum, indicating potential but requiring further work to upgrade confidence and confirm economic viability.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • All Inferred
  • Stale Estimate
  • Historical Estimate Only

Evidence · table

“0.08”

Context: 2.38

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 11.5 years before this release

inferredMaibele North · palladiumTonnes: 2380000Grade: 0.36Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Maibele North
Commodity
palladium
Region
botswana
Reported Region
Botswana
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Paul Lemmon
Resource group id
resource:d5a1ca7efbee6dbc55fc

Resource Data

Category
inferred
Tonnes
2380000
Grade
0.36
Grade Unit
g/t
Cutoff Grade
0.3
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2015-04-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2015-04-01T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a historical inferred resource for palladium, indicating potential but requiring further work to upgrade confidence and confirm economic viability.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • All Inferred
  • Stale Estimate
  • Historical Estimate Only

Evidence · table

“0.36”

Context: 2.38

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 11.5 years before this release

inferredMaibele North · rhodiumTonnes: 2380000Grade: 0.04Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Maibele North
Commodity
rhodium
Region
botswana
Reported Region
Botswana
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Paul Lemmon
Resource group id
resource:d5a1ca7efbee6dbc55fc

Resource Data

Category
inferred
Tonnes
2380000
Grade
0.04
Grade Unit
g/t
Cutoff Grade
0.3
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2015-04-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2015-04-01T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a historical inferred resource for rhodium, indicating potential but requiring further work to upgrade confidence and confirm economic viability.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • All Inferred
  • Stale Estimate
  • Historical Estimate Only

Evidence · table

“0.04”

Context: 2.38

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 11.5 years before this release

inferredMaibele North · rutheniumTonnes: 2380000Grade: 0.05Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Maibele North
Commodity
ruthenium
Region
botswana
Reported Region
Botswana
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Paul Lemmon
Resource group id
resource:d5a1ca7efbee6dbc55fc

Resource Data

Category
inferred
Tonnes
2380000
Grade
0.05
Grade Unit
g/t
Cutoff Grade
0.3
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2015-04-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2015-04-01T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a historical inferred resource for ruthenium, indicating potential but requiring further work to upgrade confidence and confirm economic viability.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • All Inferred
  • Stale Estimate
  • Historical Estimate Only

Evidence · table

“0.05”

Context: 2.38

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 11.5 years before this release

inferredMaibele North · goldTonnes: 2380000Grade: 0.1Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Maibele North
Commodity
gold
Region
botswana
Reported Region
Botswana
Ticker
VRL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Paul Lemmon
Resource group id
resource:d5a1ca7efbee6dbc55fc

Resource Data

Category
inferred
Tonnes
2380000
Grade
0.1
Grade Unit
g/t
Cutoff Grade
0.3
Cutoff Unit
% Ni

Prior Estimate

Resource Date
2015-04-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2015-04-01T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a historical inferred resource for gold, indicating potential but requiring further work to upgrade confidence and confirm economic viability.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • All Inferred
  • Stale Estimate
  • Historical Estimate Only

Evidence · table

“0.10”

Context: 2.38

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 11.5 years before this release

Fact 19Monument Gold Project · goldView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

QP Signed
Yes
Resource group id
resource:61e0e622533a3acd54ae

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Low cyanide and lime consumption across all composites indicates favorable processing characteristics and potentially lower operating costs.

Positive factors

  • Low Cyanide Consumption
  • Low Lime Consumption
  • Gravity Route

Evidence · text

“Both deposits showed a meaningful gravity recoverable gold component and low cyanide and lime consumption across all composites.”

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Fact 20Monument Gold Project · goldView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

QP Signed
Yes
Resource group id
resource:61e0e622533a3acd54ae

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The results support a conventional and proven processing strategy, reducing technical risk for the project.

Positive factors

  • Gravity Route
  • Mill Route

Evidence · text

“The results support a conventional gravity front-end ahead of a cyanide leach circuit, and a single processing strategy across the project.”

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Fact 21Monument Gold ProjectView all details
Link to this fact

Identity

Project
Monument Gold Project
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

QP Signed
Yes
Resource group id
resource:61e0e622533a3acd54ae

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The company completed a review and validation of historical drilling, bringing legacy data to JORC (2012) standards, which strengthens the dataset behind the updated MRE.

Positive factors

  • QA/QC Disclosed

Evidence · text

“the Group completed a review and validation of approximately 16,000 metres of historical drilling at Monument, bringing legacy data to JORC (2012) standards.”

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Fact 22Monument Gold ProjectView all details
Link to this fact

Identity

Project
Monument Gold Project
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Resource scope

QP Signed
Yes
Resource group id
resource:61e0e622533a3acd54ae

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: A density study was completed, further strengthening the dataset behind the updated Mineral Resource Estimate.

Positive factors

  • QA/QC Disclosed

Evidence · text

“A density study of 222 diamond core samples was also completed.”

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Fact 23Botswana portfolioView all details
Link to this fact

Identity

Project
Botswana portfolio
Region
botswana
Reported Region
Botswana
Ticker
VRL

Resource scope

Resource group id
resource:1e5e3f8c3fa04a7ca9a3
Ownership percent
100 %

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Acquisition of 100% ownership of the Botswana portfolio provides full control and simplifies future development decisions.

Evidence · text

“The agreed purchase price was approximately US$206,000 in cash plus applicable taxes. Closing conditions were satisfied and the acquisition completed in December 2025, dissolving the joint venture and taking Verity to 100% ownership and control of the portfolio via its wholly owned Botswana subsidiary African Metals (Pty) Ltd.”

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Fact 24CorporateView all details
Link to this fact

Identity

Project
Corporate
Ticker
VRL

Resource scope

Resource group id
resource:9d2ee816d484557d8ecf

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The placement successfully raised $3.0 million, providing capital for ongoing operations and exploration.

Evidence · text

“raising $3.0 million before costs at an issue price of $0.024 per share.”

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Fact 25CorporateView all details
Link to this fact

Identity

Project
Corporate
Ticker
VRL

Resource scope

Resource group id
resource:9d2ee816d484557d8ecf

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The entitlement offer successfully raised $2,045,655, providing additional capital for ongoing operations and exploration.

Evidence · text

“raising $2,045,655 (before costs)”

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Fact 26CorporateView all details
Link to this fact

Identity

Project
Corporate
Ticker
VRL

Resource scope

Resource group id
resource:9d2ee816d484557d8ecf

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Exercise of unlisted options raised $70,693, contributing to the company's working capital.

Evidence · text

“raising approximately $70,693.”

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Metallurgical Results (6)

cyanide leachMonument Gold Project · goldRecovery: 89 %Head Grade: 1.05Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Test Work

Program Status
detailed
Test Type
cyanide leach
Processing Route
gravity front-end ahead of a cyanide leach circuit
Sample
Korong Low grade saprolite

Recovery

Recovery
89 %
Recovery Basis
actual_test
Head Grade
1.05
Head Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Good gold recovery for low-grade saprolite material from Korong, supporting the project's processing strategy.

Positive factors

  • Multi-Domain Tested
  • QA/QC Disclosed

Evidence · table

“89.0”

Context: 1.05

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

cyanide leachMonument Gold Project · goldRecovery: 91.5 %Head Grade: 1.12Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Test Work

Program Status
detailed
Test Type
cyanide leach
Processing Route
gravity front-end ahead of a cyanide leach circuit
Sample
Korong Saprock, average grade, shallow

Recovery

Recovery
91.5 %
Recovery Basis
actual_test
Head Grade
1.12
Head Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Strong gold recovery for average-grade shallow saprock material from Korong, supporting the project's processing strategy.

Positive factors

  • Multi-Domain Tested
  • QA/QC Disclosed

Evidence · table

“91.5”

Context: 1.12

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

cyanide leachMonument Gold Project · goldRecovery: 94 %Head Grade: 1.57Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Test Work

Program Status
detailed
Test Type
cyanide leach
Processing Route
gravity front-end ahead of a cyanide leach circuit
Sample
Korong Saprock, average grade, deep

Recovery

Recovery
94 %
Recovery Basis
actual_test
Head Grade
1.57
Head Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High gold recovery for average-grade deep saprock material from Korong, demonstrating excellent metallurgical performance.

Positive factors

  • High Recovery
  • Multi-Domain Tested
  • QA/QC Disclosed

Evidence · table

“94.0”

Context: 1.57

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

cyanide leachMonument Gold Project · goldRecovery: 98.1 %Head Grade: 3.46Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Test Work

Program Status
detailed
Test Type
cyanide leach
Processing Route
gravity front-end ahead of a cyanide leach circuit
Sample
Korong High grade fresh

Recovery

Recovery
98.1 %
Recovery Basis
actual_test
Head Grade
3.46
Head Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Exceptional gold recovery for high-grade fresh material from Korong, indicating very favorable metallurgical characteristics.

Positive factors

  • High Recovery
  • Multi-Domain Tested
  • QA/QC Disclosed

Evidence · table

“98.1”

Context: 3.46

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 98.1% is at or above the exceptional band (95%)

cyanide leachMonument Gold Project · goldRecovery: 96.99 %Head Grade: 1.57Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Test Work

Program Status
detailed
Test Type
cyanide leach
Processing Route
gravity front-end ahead of a cyanide leach circuit
Sample
Waihi Saprock (weathered oxide)

Recovery

Recovery
96.99 %
Recovery Basis
actual_test
Head Grade
1.57
Head Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Exceptional gold recovery for weathered oxide material from Waihi, demonstrating very favorable metallurgical characteristics.

Positive factors

  • High Recovery
  • Multi-Domain Tested
  • QA/QC Disclosed

Evidence · table

“96.99”

Context: 1.57

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 96.99% is at or above the exceptional band (95%)

cyanide leachMonument Gold Project · goldRecovery: 96.67 %Head Grade: 1.05Head Grade Unit: g/tView all details
Link to this fact

Identity

Project
Monument Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
VRL

Test Work

Program Status
detailed
Test Type
cyanide leach
Processing Route
gravity front-end ahead of a cyanide leach circuit
Sample
Waihi Fresh sulphide BIF

Recovery

Recovery
96.67 %
Recovery Basis
actual_test
Head Grade
1.05
Head Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Exceptional gold recovery for fresh sulphide BIF material from Waihi, demonstrating very favorable metallurgical characteristics even for sulphide ore.

Positive factors

  • High Recovery
  • Multi-Domain Tested
  • QA/QC Disclosed

Evidence · table

“96.67”

Context: 1.05

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 96.67% is at or above the exceptional band (95%)

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.