Vertex Minerals (ASX:VTX)

Vertex Minerals: Australia’s Next High-grade, Green Gold Producer


Vertex Minerals (ASX:VTX) is a near-term gold producer in one of the highest-grade, if not the highest-grade, gold mining districts in Australia. The company is advancing its Reward gold mine, scheduled to commence production in January 2025, with a current mineral resource estimate of 419,000 tonnes at a high-grade of 16.7 grams per ton (g/t) gold for 225,000 oz contained gold.

The Reward gold mine is committed to sustainable, low-impact, low-cost operations through the use of gravity separation technique, which has been hailed as one of the more sustainable alternatives for ore recovery. Gravity technology reduces the use of harsh chemicals, resulting in a more environmentally friendly extraction process. Among its other benefits include, reduced power consumption, faster and efficient processing, lower operating costs, and improved recovery rates.

Vertex Minerals' Hill End gold project

The Hill End gold project is a historic gold mining town in the Bathurst Regional Council in New South Wales. The Hill End trough is a 70 km-wide and more than 200 km long, deep marine basin that is underlain by Ordovician volcanic rocks that lie between the Molong Volcanic Belt to the west and the Rockley-Gulgong Volcanic Belt to the east. Both these volcanic belts belong to the Ordovician Macquarie Arc in the Lachlan Fold Belt of eastern Australia.

Vertex Mineral plans to reinstall a refurbished 110 ktpa Gekko gravity gold plant, commence gold production from existing stockpiles and develop the Reward mine.

Company Highlights

  • Vertex Minerals is a gold exploration and production company focused on the historic, high-grade Hill End gold property, with the ultimate goal of becoming Australia’s high-grade, green gold producer.
  • The company’s Reward underground mine is expected to be operational by early 2025, with a PFS showing excellent economics.
  • The Reward mine has a current mineral resource estimate of 419,000 tonnes at a high-grade of 16.7 g/t gold for 225,000 oz contained gold.
  • Using gravity separation technology will enable low-cost, high-efficiency and sustainable gold production.

This Vertex Minerals profile is part of a paid investor education campaign.*

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Vertex Minerals

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Vertex Minerals Limited  Gold Ore Commission Underway

Vertex Minerals Limited Gold Ore Commission Underway

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

News Provided by ABN Newswire via QuoteMedia

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Convertible Loan Funding Completed

Convertible Loan Funding Completed

Vertex Minerals (VTX:AU) has announced Convertible Loan Funding Completed

Download the PDF here.

Vertex Power-up Gravity Gold Plant at Reward

Vertex Power-up Gravity Gold Plant at Reward

Vertex Minerals (VTX:AU) has announced Vertex Power-up Gravity Gold Plant at Reward

Download the PDF here.

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Vertex Minerals

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