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Verity Resources VRL.AX · AUD

Materials · ASX · 🇦🇺 Australia

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About Verity Resources

Its shares trade on ASX under the ticker VRL.AX. It has been listed since 21 January 2008. In the fiscal year to 30 June 2025, it reported revenue of A$31,020 and a net loss of A$1.6m. At that date it held total assets of A$2.2m and shareholders' equity of A$1.8m.

Si6 Metals Ltd. engages in the exploration and development of base metals. The company is headquartered in Perth, Western Australia. The company went IPO on 2008-01-21. The company is engaged in the field exploration programs at its Maibele Project targeting nickel, copper, cobalt, platinum group elements (PGE) and silver mineralization. The company holds approximately seven exploration licenses covering approximately 1,500 square kilometer (km) in eastern Botswana. The company has an option agreement to acquire the Monument Gold Project (MGP) in Western Australia. MGP covers an area of approximately 310 square km and comprises 25 licenses.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Materials
Industry
Metals & Mining
Listed since
21 Jan 2008
Employees
4

Leadership

Pay as last reported

  • Dr. Paul WoolrichActing Non-Executive Chairman of the BoardA$30,000
  • Mr. Johnathon BusingCompany Secretary
  • Mr. Elvis MosweuNon-Executive Director
  • Mr. Patrick VolpeNon-Executive Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Si6 Metals Ltd. holds seven exploration licenses covering 1,500 km² in eastern Botswana.
  • The Maibele Project targets nickel, copper, cobalt, PGE, and silver mineralization.
  • The company has an option agreement for the Monument Gold Project in Western Australia.

Weaknesses

  • Si6 Metals Ltd. employs only four full-time employees.
  • The company has a small workforce with limited operational capacity.
  • The Maibele Project is in early exploration stages with no production yet.

Opportunities

  • The Monument Gold Project in Western Australia offers potential for future development.
  • Eastern Botswana exploration licenses cover 1,500 km² for base metals.
  • Growth in demand for nickel and cobalt supports exploration activities.

Threats

  • Exploration projects face geological uncertainties in Botswana.
  • The small team may struggle with large-scale project management.
  • Market volatility affects base metal prices and exploration funding.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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