Highlights

  • Verity Resources (ASX:VRL) traded at AUD 0.013, flat during the morning Trading session on 26 August 2026.
  • Botswana’s Ministry of Minerals and Energy renewed four prospecting licences covering the company’s core projects.
  • The renewed licences secure tenure across Airstrip, Dibete and Maibele North Assets for a further two years.
  • Maibele North hosts a JORC 2012 Inferred Mineral Resource of 2.38Mt at 0.72% Ni, 0.21% Cu and 0.63g/t 4PGE+Au.
  • Verity continues a 903km² soil sampling program across Botswana exploration ground.

Verity Resources Limited (ASX:VRL) has secured renewed tenure over four key prospecting licences covering its copper-silver and nickel-copper-PGE projects in eastern Botswana.

The company traded at AUD 0.013, flat during the morning trading session on 26 August 2026. Over the past year, Verity Resources’ share price has declined 35.00%.

The licence renewals by Botswana’s Ministry of Minerals and Energy cover PL2477/2023, PL2478/2023, PL2479/2023 and PL222/2022, supporting continued exploration activities across the company’s Limpopo Mobile Belt portfolio.

Licence Renewal

The renewed licences cover Verity’s three most advanced Botswana assets: Airstrip, Dibete and Maibele North.

The company said the renewals secure its position over the Airstrip and Dibete copper-silver discoveries and the Maibele North resource for an additional two years.

The licences form part of Verity’s broader Botswana landholding, which covers 2,868km² within a district hosting historical nickel-copper-cobalt Mining operations and existing processing infrastructure.

Director Patrick Volpe said the licence renewals provide a foundation for continued exploration across the company’s copper, silver, nickel, PGE and gold assets.

Airstrip and Dibete

Verity’s Airstrip and Dibete projects are located within a copper-silver exploration corridor in eastern Botswana.

At Airstrip, historical drilling has identified high-grade copper-silver mineralisation along the Magogophate Shear Zone.

Previous drilling results include an intersection of 11m at 7.63% copper and 462g/t silver from 52m, including 3m at 22.74% copper and 1,379g/t silver.

Other historical results include 1.13m at 21.58% copper and 1,023g/t silver from 65m, including 0.25m at 60.98% copper and 2,833g/t silver.

Verity said mineralisation at Airstrip remains open at depth and along strike.

At Dibete, historical drilling has identified thick copper-silver intersections from a system that remains largely untested below approximately 120m.

Previous drilling results include 25m at 2.17% copper and 77g/t silver from 27m, including 6m at 4.46% copper and 162g/t silver.

Additional results include 6.15m at 7.20% copper and 182g/t silver from 24.85m.

Maibele North Resource

The Maibele North project hosts a JORC 2012 Inferred Mineral Resource of 2.38 million tonnes at 0.72% nickel, 0.21% copper and 0.63g/t combined platinum group elements and gold.

The mineralisation is associated with orthomagmatic nickel-copper-cobalt-PGE sulphides within ultramafic intrusions of the Limpopo Mobile Belt.

Verity said the resource remains open along strike and at depth.

The company highlighted that the resource estimate was completed in April 2015, before recent changes in critical metals market conditions.

Exploration Program

Verity continues exploration activities across its Botswana portfolio, including a first-pass soil sampling program over an additional 903km² area covered by PL123/2024.

Samples from the program will be sent to ALS South Africa for assay once collection is completed.

The company said results will be provided once available.

Regional geophysical datasets have also identified 23 untested anomalies across the broader portfolio, with most located outside the Airstrip, Dibete and Maibele North flagship areas.

Regional Position

Verity’s Botswana projects sit within the same structural corridor as the Selebi and Selebi North nickel-copper-cobalt deposits.

The company noted that these historical mining operations and the Selebi Phikwe concentrator and smelter complex are located approximately 50km from its Botswana ground.

Verity said the region has received renewed attention, with redevelopment activities progressing around historical nickel-copper assets.

The company’s exploration strategy remains focused on evaluating its copper-silver and critical metals opportunities across Botswana.

Investor Takeaway

Verity Resources’ licence renewals provide continued tenure across its key Botswana exploration assets, including Airstrip, Dibete and Maibele North. The company now retains exploration access across its core copper-silver and nickel-copper-PGE portfolio while progressing soil sampling and evaluating existing mineralisation targets. Investors may continue watching exploration results, project advancement and future work programs across the Botswana portfolio.