Vertex Commissions Laser Ore Sorter

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce that it has commenced commissioning the recently installed Ore sorter/pre concentrator at the Hill End Gold plant.

Vertex's Executive Chairman, Roger Jackson commented: "The ore sorting installation and commissioning is very exciting as this presents incredible commercial and environmental benefits for Vertex. It has been shown that Reward Gold ore is perfectly suited for this technology. By upgrading the Reward high-grade ore material to an even higher grade,significantly reducesthe processing costs and increasing the returns per tonne".

Reward Gold sorting success can be attributed to several factors:

- The ability of TOMRA's LASER system to detect, classify, and eject quartz away from the relatively low to nil -grade host-rock

- The liberation of quartz from host-rock at this size fraction

- The reliability of gold association to quartz in this ore

- Reward Greywacke perfectly separates from the quartzin blasting and crushing

HIGHLIGHTS:

- Ore sorter/pre concentrator now being commissioned at the Hill End gravity gold plant.

- With the new Sorter installed, TOMRA technicians are over this week commissioning the laser sorter and incorporating it into the Hill End gravity gold plant.

- The sorter commissioning is being undertaken while the gravity concentrator is commissioning/processing gold ore.

- Vertex operators are being trained by Gekko Technicians

- Reward gold mine ore sorts perfectly, with 79% mass reduction & 337.20% increase in grade in the 8mm to 50mm range. (refer to VTX ASX announcement 11 of September 2024)

TOMRA's LASER sorting technology (Sorter) separates gold bearing quartz ore from waste (slate & greywacke) before it enters the processing plant.

Vertex believe ore sorting technology can positively impact the sustainability and profitability of Vertex's operations at Reward by.

- Gravity processing significantly higher -grade ore post sorting, and less feed tonnes, resulting in reduced.

o plant running time
o operator hours
o energy & water consumption, leading to,
o lower operating costs and
o reduced carbon footprint.

- Further - Tailings material (sand) can be significantly reduced in volume, leading to further ESG benefits and cost savings.

*To view photographs, please visit:
https://abnnewswire.net/lnk/293QA043

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

Source:
Vertex Minerals Limited

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce that its convertible loan financing arrangements announced on 24 December 2024 have been finalised.

HIGHLIGHTS:

- Convertible Loan Financing arrangements finalised, with additional commitments for loan funding of $1.7M accepted under loan facility arrangements bring total raised to $6.8M

- Up to a further $1.0M of working capital funding to be made available by major shareholder, subject to shareholder approval

- Proceeds are intended to be applied towards completion of gold plant, infrastructure, underground mine development, sustaining costs and working capital.

Additional firm commitments of $1.7M in commitments have been accepted from institutional / sophisticated investors (on the same terms as the initial tranche of $5.1M), with Shares to be issued upon conversion of loan principal amounts under Listing Rule 7.1.

A further $1.0M of working capital funding on equivalent terms is also being made available by the Company's largest shareholder, Gleneden Nominees, subject to shareholder approval at a General Meeting expected to be held during March 2025.

Vertex's Executive Chairman, Roger Jackson commented: "It is very pleasing to have such overwhelming support by our shareholders in providing the funding to take us through to gold production. We are now fully focussed on processing the gold stockpiles and readying the Reward underground mine for mining."

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

Source:
Vertex Minerals Limited

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce an update on the Reward Gold mine start up, with commissioning of gold ore material through the 100% owned gravity gold plant at the high-grade Reward Gold Mine commencing.

The processing facility rebuild, refurbishment and installation has progressed safely, efficiently and to plan, with the focus now turning from, electrical, mechanical, automation and wet commissioning to running the first ore through the plant.

HIGHLIGHTS

- Vertex has processed the first ore with the newly installed gravity gold plant.

- The plant processed ore to a gold concentrate with visible gold evident in concentrate (see Figure 5*).

- Installation of the Ore Sorter Module is well underway with completion anticipated early February.

- Plant commissioning is utilising the stockpiled gold ore located adjacent to the plant. This material will be the focus of initial production.

- Sale of first commercial gold anticipated in February.

- Vertex plant operators are working alongside the Gekko technical team to ensure a smooth handover from commissioning to full production.

- Key personnel and plant operators now onboarded.

- Gold refining agreement in place with ABC bullion who are located in Sydney, which is a 4 hour drive from site.

- Tails line and dry stack sand operation installed.

Vertex's Executive Chairman, Roger Jackson, said: "The ore commissioning of this project in under 12 months of releasing the PFS for the Reward Gold Mine is a tremendous achievement, and I commend the Gekko and the Vertex team on their efforts. The ore sorter, which is a separate module to the gravity plant, is also ahead of time and within budget, and is expected to be commissioned in early February. We are looking forward to running one of Australia's most unique and environmentally sympathetic gold plants.

This is a very small but high-tech gold plant that utilises ore sorting and gravity methods to process high grade gold without chemicals or a ball mill. It was a wonderful moment to see ore going through the crushing circuit and into the centrifugal concentrators, and within a few minutes to see visible gold in the concentrate produced. We now look forward to further optimising plant operation, training our operators and the move to commercial operating status with solid cash flow."

*To view photographs, please visit:
https://abnnewswire.net/lnk/6RBTL3VT

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

Source:
Vertex Minerals Limited