Vertex Commissions Laser Ore Sorter

Vertex Commissions Laser Ore Sorter

Vertex Minerals (VTX:AU) has announced Vertex Commissions Laser Ore Sorter

Download the PDF here.

Vertex Minerals

Vertex Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Vertex Minerals

Vertex Minerals


Keep reading...Show less
Vertex Minerals Limited  Strengthens Board with Appointment of Mining Executive Sean Richardson

Vertex Minerals Limited Strengthens Board with Appointment of Mining Executive Sean Richardson

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce the appointment of experienced mining executive Sean Richardson as an Independent Non-Executive Director.

Details of Mr Richardson's qualifications and experience are as set out below.

Commenting on the appointment, Chairman Roger Jackson said:

We are delighted to have Sean joining the Vertex Board at such an exciting time for the Company as we transition into high-grade gold production from stockpiles at Reward and beyond. He brings a wealth of relevant experience and we expect him to supplement the existing Board and Management team well.

SEAN RICHARDSON

MEng MSc MBA FAusIMM MEIAust GAICD

Sean Richardson is a mining professional with a career spanning over 30 years. Mr Richardson experience extends from operations through to consultancy and managerial roles where he has been involved in the exploration and development of mineral projects in Australia, North America, Africa, South-East and Central Asia.

Mr Richardson's notable roles include Managing Director of Empire Resources (ASX:ERL), Chief Operating Officer for Bardoc Gold (ASX:BDC) and Operations Manager for Shaw River Manganese (ASX:SRR).

Mr Richardson is passionate about the mining industry and its role in the advance of society, an enthusiasm that has led Mr Richardson to a seek out and attain greater knowledge of the global minerals industry.

Mr Richardson holds a Master of Engineering Technology (Mining Engineering), a Master of Business Administration (Curtin), a Master of Science in Mineral Economics (WASM), a Graduate Diploma in Mining (WASM) and an Advanced Diploma in Engineering and Mine Surveying (TAFE).

Mr Richardson is also a Graduate Member of the Australian Institute of Company Directors (GAICD), a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and a Member of Engineers Australia (MEIAust).



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

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Vertex Minerals Limited  Commissions Laser Ore Sorter

Vertex Minerals Limited 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

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Vertex Minerals Limited  Convertible Loan Financing Update

Vertex Minerals Limited Convertible Loan Financing Update

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

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that further to its news release earlier today (February 18, 2025), it is increasing the size of its non-brokered private placement (the "Offering") from up to 7,894,736 units (the "Units") to up to 13,157,894 Units at a price of $0.19 per Unit for gross proceeds of $2,500,000. All currency in this news release is denominated in Canadian dollars.

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable into one Common Share at a price of $0.28 per Warrant for a period of two years from the date of issuance.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that further to its news release earlier today (February 18, 2025), it is increasing the size of its non-brokered private placement (the "Offering") from up to 7,894,736 units (the "Units") to up to 13,157,894 Units at a price of $0.19 per Unit for gross proceeds of $2,500,000. All currency in this news release is denominated in Canadian dollars.

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable into one Common Share at a price of $0.28 per Warrant for a period of two years from the date of issuance.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Announces Upsize of Private Placement to $2,500,000 from $1,500,000

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that further to its news release earlier today (February 18, 2025), it is increasing the size of its non-brokered private placement (the "Offering") from up to 7,894,736 units (the "Units") to up to 13,157,894 Units at a price of $0.19 per Unit for gross proceeds of $2,500,000. All currency in this news release is denominated in Canadian dollars.

Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable into one Common Share at a price of $0.28 per Warrant for a period of two years from the date of issuance.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quetzal Copper Announces Closing of Third Tranche of Financing

Quetzal Copper Announces Closing of Third Tranche of Financing

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company") is pleased to announce that it has closed its Third Tranche (the "Third Tranche") of a previously announced non-brokered flow-through and non-flow-through private placement (the "Offering"). Under the tranche, the Company issued 3,249,967 Non-Flow-Through Units ("NFT Units") at a price of $0.15 per NFT Unit, for gross proceeds of $487,495.05.

In total, the Company raised gross proceeds of $2,437,498.92 and issued 11,470,611 flow-through units at $0.17 per unit (the "FT Units") and 3,249,967 NFT Units at $0.15 per NFT Unit.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quetzal Copper Announces Closing of Third Tranche of Financing

Quetzal Copper Announces Closing of Third Tranche of Financing

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company") is pleased to announce that it has closed its Third Tranche (the "Third Tranche") of a previously announced non-brokered flow-through and non-flow-through private placement (the "Offering"). Under the tranche, the Company issued 3,249,967 Non-Flow-Through Units ("NFT Units") at a price of $0.15 per NFT Unit, for gross proceeds of $487,495.05.

In total, the Company raised gross proceeds of $2,437,498.92 and issued 11,470,611 flow-through units at $0.17 per unit (the "FT Units") and 3,249,967 NFT Units at $0.15 per NFT Unit.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Quetzal Copper Announces Closing of Third Tranche of Financing

Quetzal Copper Announces Closing of Third Tranche of Financing

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company") is pleased to announce that it has closed its Third Tranche (the "Third Tranche") of a previously announced non-brokered flow-through and non-flow-through private placement (the "Offering"). Under the tranche, the Company issued 3,249,967 Non-Flow-Through Units ("NFT Units") at a price of $0.15 per NFT Unit, for gross proceeds of $487,495.05.

In total, the Company raised gross proceeds of $2,437,498.92 and issued 11,470,611 flow-through units at $0.17 per unit (the "FT Units") and 3,249,967 NFT Units at $0.15 per NFT Unit.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Vertex Minerals

Vertex Minerals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×