Vertex Minerals Limited  Key Operational Personnel added to Execute Reward High Grade

Vertex Minerals Limited Key Operational Personnel added to Execute Reward High Grade

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce seven key operational appointments to progress the Company's operational plans for the high grade Reward Underground Gold Mine.

Alan Mills, Commercial Manager - Alan is a qualified chartered accountant with over 15 years' experience. He has worked for multinational and ASX listed mining organisations such as Glencore, Aeris Resources, Newmont Corporation and Mitsui in site and corporate senior commercial, financial and management accounting roles.

Alan holds a Bachelor of Commerce (Accounting) from Griffith University and is a member of Chartered Accountants Australia and New Zealand.

Thomas Cowan, Senior Mining Engineer - Thomas holds a B. Eng (Mining) from University of Wollongong, a Grad. Dip of Mine Ventilation and a NSW Underground Supervisors certificate. He is experienced in mine planning, drill and blast, and ventilation in both underground coal and base metals. Tom recently worked at Aeris Resources Tritton mine.

Carl Clark, Senior Mining Geologist - "Vertex holds one of the premier gold resources of NSW at Hill End. I'm excited to be part of the team to re-awaken this Australian gold mining icon". Carl has 30+ years' experience as a geologist internationally and in Australia where he cut teeth in the WA goldfields.

Julian Geldard, Senior Mining Geologist - With nearly a decade of experience in mining and exploration in various commodities, Julian has a high focus on narrow vein gold within the Lachlan fold belt. He recently worked as a Project Geologist at Ballarat Goldfields and Woods Point Gold Mine.

Dennis Fernandez, Underground Shift Boss - An underground mining veteran of 34 years, including 14 years of airleg experience, Dennis bring a wealth of knowledge and experience in narrow vein underground gold mining.

Dennis holds underground supervisor tickets for both NSW and Western Australia and was most recently employed at Tritton Operations.

Mick Irwin, Safety and Training Superintendent - Mick started with Vertex Minerals in early January 2025 after more than 20 years in the underground coal mining industry. The Reward Gold Mine project has been a massive shift in his professional and personal life, which he and his family see as move to greater things. Mick is looking forward to the opportunity of working with Vertex to develop the Reward Underground Mine.

Casey Robinson Environmental Advisor - Casey graduated from the University of Wollongong in November 2024 with a Degree in Environmental Engineering, before Starting at Vertex as Environmental Advisor in December. He is looking forward to beginning his career in the mining industry with Vertex.

Executive Chairman, Roger Jackson, said:

"We have secured a further seven outstanding senior personnel to direct our mining operations. With decades of experience, they add to the growing, dynamic Vertex team. We are rapidly advancing our operational readiness to meet the challenges of commencing mining at the Reward Gold Mine.. We are delighted to welcome Alan, Tom, Casey, Dennis, Julian, Mick and Carl to the Vertex team, leveraging their strong skills and experience".

 

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

 

 

Contact:
Roger Jackson
Executive Chairman

Tully Richards
Technical Director
tully@vertexminerals.com.au

 

 

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Australia’s next high-grade, green gold producer

Vertex Minerals Limited  Capital Raising Update

Vertex Minerals Limited Capital Raising Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) (OTCMKTS:VTXXF) confirms that on 28 July 2025 it received A$3.9 million (before costs) through the issuance of new ordinary Shares as part of the A$11 million capital raising ("Capital Raising") announced by the Company on 12 May 2025 and approved at the General Meeting which took place on 21 July 2025.

The Capital Raising had also included the earlier issuance of A$3.5 million in Convertible Loans, bringing total proceeds received to date from the financing initiative to approximately A$7.5 million.

With respect to the A$3.9 million secured on 28 July 2025, 18,377,562 fully paid ordinary shares were issued by the Company ("Shares") at A$0.21 per Share.

At the commencement of the Capital Raising, associates of the Company's cornerstone investor and largest shareholder with 17% of the shares on issue (Gleneden Nominees Pty Ltd) committed to subscribe for A$3.6 million of Shares. Timing for receipt of these funds has now been revised to on or before 15 September 2025, as is provided for in an agreement entered on 27 July 2025 between the Company and Gleneden Nominees Pty Ltd.

The Company has also retained its ability to place the remaining A$3.6 million to other interested investors (on the same terms as the Capital Raising).

Receipt of the A$3.9 million, along with the $3.5 million Convertible Loan component of the Capital Raising, has provided the Company with financial liquidity for the near-term restart of the high-grade Hill End Gold Project, at a time of an historically strong A$ gold price.

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) 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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Vertex Minerals Limited  Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) 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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Vertex Minerals Limited  Share Purchase Plan Raises A$1.6M and Closes

Vertex Minerals Limited Share Purchase Plan Raises A$1.6M and Closes

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to advise that the Company's Share Purchase Plan Offer ("SPP") is closing Friday 6 June 2025 after raising A$1.6 million.

As announced on 12 May 2025, the Company proposed a maximum of A$1 million Share Purchase Plan Offer as part of a A$11 million capital raising.

Due to an overwhelming response, the Company decided to close the SPP early.

To view the updated anticipated dates, please visit:
https://abnnewswire.net/lnk/HQL85278

 

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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Vertex Minerals Limited  Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant early this quarter.

Vertex's Technical Director and Geologist, Tully Richards commented: "It is very exciting to be involved in the opening of the next chapter of what is a legendary gold field. I'm particularly pleased to see the enthusiasm of all those involved in wanting to make this chapter a success"

HIGHLIGHTS:

- VTX remains on track to deliver first underground high grade gold ore to the Gravity Gold plant in early Q3 2025, with commissioning and underground mine readiness ramp- up activities progressing as planned.

- Underground Gold Mining Readiness

- First underground miners onboarded under owner operator model

- TD1 Jumbo (for development and production) commissioned and operating underground

- Primary ventilation installed

- First stope development dewatering completed

- Explosive Magazine constructed

- Water feed installed

- Air lines installed and operational

- 11kva power installation underway

- Revised mine plan and schedule received and being implemented

- Underground Ore trialled through gravity plant

- Trail of 90 tonnes of development material with some reef quartz through the gravity plant

- Throughput exceeding expectation and beyond the nameplate plant flow sheet value.

- Pulse Mining System Installed and Implemented

- INX Software Installed and Implemented

- INX Software and site access kiosks to go live at mine site in June.

- INX will improve overall safety framework with real time risk mitigation focus.

- INX strengthens site access controls for employees, contractors and visitors.

- Sand Stack facility fully operational

- Facility fully functioning with return water pump station installed and operational (water recycling)

- 57 Megalitre Turon River water licence purchased for back up water supply

- Environmental & Compliance Implementation

- Multiple monitoring systems installed, and real time monitored (Dust, noise, vibration).

- Underground diamond drilling site ("drill cuddy") being established

- This location will be used for Reward Gold Mine resource development as well as mine corridor exploration diamond drilling

A batch of hard rock material, taken from the Reward Gold Mine - Amalgamated Vein, was trial processed through the Gravity Gold Plant and TOMRA sorter. Vertex engineers and operators were extremely pleased with the throughput rate and its sorting amenability.

As previously announced the new mine schedule for the Reward underground mine proposes mining two stope blocks consisting of 2,075 tonnes at 17.8 g/t Au and 700 tonnes at 42.5 g/t Au. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

This stope can be exploited as soon as services have been established. Vertex mining crews are actively developing the adit to make room for the 11kva cable, water and air lines ("services").

Drill Cuddy (location for underground diamond drill rig)

A drill cuddy is being developed by Vertex airleg miners and will be completed mid-June. The drill cuddy will be mined up to 6m in height and 7m depth to cater for the Vertex LM90 drill rig. The rig will drill circa 7 holes in this location designed by the Vertex geologists, targeting the stacked veins below and above the Amalgamated adit. The LM 90 will be operated by Vertex drillers and will drill continuously going forward. The aim is to build gold inventory, convert inferred resource to indicated and to help with stope design.

Vertex have now fully installed and implemented a closed water system at the Reward Gold Mine. The water from the gravity process plant mixed with the waste sand material is decanted at the sand stack area. The decanted water is then pumped back to the process plant for re-use. Make-up water is sourced from the Reward Gold Mine where mine water is used to meet the water requirements for the gravity plant. Water use is minimised in the process because the ore is mostly processed by ore sorting which doesn't use water. Further the water is not polluted because the Reward Ore and country rock has no sulphide minerals and the plant process does not use chemicals (Cyanide or reagents).
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/8HMS51NW

 

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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Prismo Metals Announces Closing of Private Placement and Further Upsizing

Prismo Metals Announces Closing of Private Placement and Further Upsizing

 

(TheNewswire)

 
       
  Prismo Metals Inc. 
                
 

Vancouver, British Columbia, July 31st, 2025 TheNewswire - Prismo Metals Inc. (" Prismo " or the " Company ") (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news releases dated July 3, 2025 and July 18, 2025, the Company has proceeded with an upsized second closing of its previously announced non-brokered private placement of units of the Company (" Units ") at an issue price of $0.05 per Unit (the "Private Placement" ). The second closing of the Private Placement was increased from 2,000,000 Units to the issuance of 2,340,000 Units for gross proceeds of $117,000. The Company previously announced a first closing of the Private Placement on July 18, 2025 for aggregate gross proceeds of $575,000. Due to strong investor demand, the Company has now raised aggregate gross proceeds of $692,000 through the sale of an aggregate of 13,840,000 Units.

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Group Eleven Closes C$5.75M Bought Deal Private Placement, Including Full Exercise of C$750,000 Underwriters' Option

Group Eleven Closes C$5.75M Bought Deal Private Placement, Including Full Exercise of C$750,000 Underwriters' Option

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) (the "Company") is pleased to announce the closing of its previously-announced "bought deal" private placement for aggregate gross proceeds of C$5,750,000 (the "Offering") through the issuance of 17,968,750 common shares of the Company (the "Common Shares") at a price of C$0.32 per Common Share. The Offering was completed pursuant to an underwriting agreement between the Company, and Cormark Securities Inc. and Beacon Securities Limited (together, the "Underwriters") and included the full exercise of the Underwriters' option.

The Company intends to use the net proceeds from the Offering to expand the remaining funded exploration drill program at Ballywire from approximately 5,000m to approximately 25,000m, and for working capital and general corporate purposes.

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Angkor Resources Assists With Aid Efforts For Displaced Cambodians Due To Border Conflict

Angkor Resources Assists With Aid Efforts For Displaced Cambodians Due To Border Conflict

 

(TheNewswire)

 
      
  Angkor Resources Corp. 
             
 

GRANDE PRAIRIE, ALBERTA - July 31, 2025 TheNewswire - Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) ("ANGKOR" OR "THE COMPANY") announces its contributing aid for displaced residents due to the recent border conflict.

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