"Verity Resources Limited (ASX:VRL) is an exploration company with a diversified portfolio spanning gold, base metals, and critical minerals. Its primary asset is the Monument Gold Project in Western Australia, complemented by a suite of Brazilian rare earth elements (REE), gallium and lithium projects and Botswana copper-silver and nickel-copper projects. This multi-jurisdiction, multi-commodity strategy provides exposure to both precious metals and high-demand technology metals, forming a robust investment thesis centered on geological potential and exploration upside. offering multiple independent value-creation pathways and downside protection.
Investment view – Speculative BUY, Valuation $0.06/sh We initiate coverage on Verity Resources (ASX: VRL) with a Speculative Buy recommendation and a valuation of $0.06/share."
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