Vertex Minerals Limited  Prepares First Gold from Plant Commissioning for Sale

Vertex Minerals Limited Prepares First Gold from Plant Commissioning for Sale

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce that it has commenced tabling gold concentrate with this material being prepared for sale.

HIGHLIGHTS:

- Vertex's first gold concentrate has been run over the Wilfley table to undergo final concentration with coarse and fine gold evident. This concentrate was produced from material processed during commissioning of the plant. Final weights and grades will be announced once the gold has been sold.

- Vertex have the option to sell gold in concentrate or dore bars, by nature of the gravity process at this plant.

- Commissioning of the gravity plant is ongoing with some further components being introduced to the plant to improve performance, they are:

o A pre-screening scalper has been installed to reduce fines in the system and

o A centrifuge is being installed to extract slimes/fines from the process water.

- Fines are a consequence of surface stockpile weathering over time. This issue is only isolated to the surface stockpile material which is in the weathered zone. The Reward underground material will be fresh and have far less weathered material.

- Samples of the stockpile material have averaged 2.40g/t (refer to Table 1* in the Appendices)

Vertex's Executive Chairman, Roger Jackson commented: "The commissioning of the stockpile material has presented some challenges with the way the old stockpile material breaks down and has initiated intermittent blockages, which has hindered the commissioning process which otherwise has gone very well. Our technical team and operators are solving the problem by minimising the fine material into the process and dropping out the fines from the process water. We are very pleased to know the feed grade material sampled from the stockpiles are averaging 2.40 g/t which is consistent with previous test work and bulk sampling. It is important to note that our main game is mining the Reward gold mine material which is very high grade and hasn't been weathered like the stockpiles so does not present these processing hinderances."

Vertex's Technical Director, Tully Richards commented: "Further testing of low grade stockpile material, to be fed into the gravity plant, continues to reflect earlier reported trenching and bulk sampling exercises with grades of 2.40g/t returned from the most recent exercise".

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/V140L838



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
roger@vertexminerals.com.au

Tully Richards
Technical Director
tully@vertexminerals.com.au

News Provided by ABN Newswire via QuoteMedia

VTX:AU
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

Australia’s next high-grade, green gold producer

Vertex Minerals Limited  Underground Production Commences at the Reward Gold Mine Project

Vertex Minerals Limited Underground Production Commences at the Reward Gold Mine Project

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) (OTCMKTS:VTXXF) commences underground production at the Reward Gold Mine, moving to high grade gold production.

Operational Milestones

- First blasting of gold producing ore on the Lady Belmore Reef was undertaken over the weekend.

- The material will start complementing the low-grade gold stockpile feed to the Gravity Processing Plant, until all mining fronts are enabled.

- In forthcoming weeks, VTX remains firmly on track to commence processing of high-grade stope ore from the underground mine.

- The Reward Underground 11kva to 1000v Transformer Substation is installed and powered up. Cabling to the Primary Fan is completed.

- Access Drives to the two Starter Stopes are being cleaned, ready for the Production Rig to commence drilling the High-Grade Stopes.

- Decline 3 developed on the Mica Vein is fully dewatered, ready to be flatback mined for providing further gold feed to the Gravity Plant.

- Vertex aims to have developed at least 4 mining fronts and maintain continuous feed to the plant, which will involve various mining methods.

- Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t

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 VTX ASX announcement 4th June 2025

Given the stope will take some time to extract, additionally, the Vertex Geology and Mining Team have brought forward a very high-grade long hole stope to commence mining in August 2025. The high-grade long hole stope isto be mined with a long hole stope method, using the Epiroc Production Rig.

*To view photographs, please visit:
https://abnnewswire.net/lnk/2U10401V



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

Keep reading...Show less
Underground Production Commences Reward Gold Mine Project

Underground Production Commences Reward Gold Mine Project

Vertex Minerals (VTX:AU) has announced Underground Production Commences Reward Gold Mine Project

Download the PDF here.

Vertex Minerals Limited  Quarterly Activities Report

Vertex Minerals Limited Quarterly Activities Report

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) (OTCMKTS:VTXXF), is pleased to provide a summary of its activities for the quarter ended 30 June 2025.

HIGHLIGHTS FOR QUARTER

- Commencement of operations at the Reward Gold Mine Gravity plant, with processing of low-grade stockpiled gold ore through the gravity gold plant undertaken throughout the quarter, producing saleable gold.

- During the quarter, Vertex remained focused on moving the business to be operationally ready for underground mining at the Reward gold mine.

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

- VTX's Technical Services team has identified a fully developed stope block to include in the mine production start-up.

o Stopes are suitable for airleg mining which will augment jumbo production.

o Stope blocks contain an Inferred Resource of 2,075 tonnes at 17.8 g/t Au and forms part of the 2023 Mineral Resource Estimate. With the lower block having over 700 tonnes at 42.5 g/t. The planned stope width is the same as the interpretation of the mineralisation

- Key management hires, with staff procurement complete for on-site field team:

o Appointment of Mr Vince Fayad and Mr Kurt Laney as Joint CFOs

o Appointment of Mr Ian Morgan as Company Secretary

o Specialist on-site technical services team now fully onboarded

- Firm commitments received to raise approximately A$11 million via a combination of share placement and convertible note issuance to institutional and sophisticated investors.

- Vertex registered office and principal place of business changed to the following address: 6 Bowen St, Hill End, NSW, 2850.

- Vertex will run the mine, drill equipment and the processing plant as an owner operator. Gold Underground Mining Readiness

- First phase of underground specialist miners onboarded under owner operator model

o TD1 Jumbo Drill fully operational and operating underground

o Primary ventilation installed

o First stope development dewatering completed

o Explosive Magazine constructed

o Water feed installed

o Air lines installed and operational -

o 11kva power installation underway

o Jumbo boxes on site

- Revised mine plan and schedule completed and ready to implement.

- Pulse Mining System installed and implemented.

- Underground Ore trialled through gravity plant

o The underground miners have trialled a batch of 90 ton of development material with some reef quartz through the gravity plant with throughput exceeding expectation and beyond the nameplate plant flow sheet value.

- INX Software Installed and Implemented

o INX Software and site access kiosks to go live at mine site in August.

o INX will improve safety framework with real time incident and injury reporting system.

o Strengthens site access controls for employees, contractors and visitors to site.

- Sand Stack facility fully operational

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

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

- Environmental & Compliance Implementation

o Multiple real-time monitoring systems installed (dust, noise, vibration)

- Underground Drilling site being established

o Drill Cuddy (room for drill rig) drilled and fired for Vertex Diamond Rig readiness

Improvements to plant

- DSM screen installed

- Gemini table improvements with new top and gearbox

- Process water pump upgrade

- Treating of underground rock has shown higher plant throughput

Vertex Minerals Executive Chairman, Roger Jackson, commented:

"We are pleased to present our Activities Report for the June quarter - another busy period where our team worked seamlessly to coordinate the many moving parts involved in the redevelopment of the high-grade Reward mine and associated processing facilities. During the quarter, Vertex delivered on another round of key operational milestones for both mine optimisation and improvements to the processing plant. With the completion of these initiatives, Vertex is now positioned to execute on our stated objective to recommence underground mining in August, underpinning our transition to high-grade gold production."

"Reflecting investor confidence in our development strategy, we were also pleased to complete a successful $11m capital raise during the quarter, which leaves the Company well funded to finalise all pre-development works for mining and processing, and fully unlock the value of this asset. As we head into the September quarter, I'm thrilled to be working as part of a really strong team, all of whom are committed to the execution of our stated development strategy. We look forward to providing more updates in the coming months and mining and production gets underway."

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/YA65USAA



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

Keep reading...Show less
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

Keep reading...Show less
FPX Nickel Joins Mining Association of Canada and Signs on to UN Global Compact, Demonstrating Industry Leadership in Sustainable and Responsible Project Development

FPX Nickel Joins Mining Association of Canada and Signs on to UN Global Compact, Demonstrating Industry Leadership in Sustainable and Responsible Project Development

 FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce its participation in two leading sustainability initiatives in 2025, reinforcing our commitment to responsible mineral exploration and project development. These initiatives include the Company's new membership in the Mining Association of Canada (" MAC ") and associated commitment with MAC's Towards Sustainable Mining program for exploration-stage companies, and participation in the United Nations Global Compact.

"FPX's core values have long emphasized environmental stewardship, transparent engagement, and responsible resource development," commented Martin Turenne , FPX Nickel's President and CEO. "Our participation with these leading associations provides further validation of our commitment to best practices in our ongoing efforts to advance the Baptiste Nickel Project in the right way, and deliver value for stakeholders, Indigenous communities, and future generations."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Osisko Metals Announces Uplisting to Toronto Stock Exchange

Osisko Metals Announces Uplisting to Toronto Stock Exchange

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") (TSX: OM; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it will be uplisting to the Toronto Stock Exchange (the " TSX ") effective at market open on Friday, August 22, 2025. The common shares of the Company (the " Common Shares ") will continue to trade under its current stock symbol, "OM", following the uplisting from the TSX Venture Exchange (the " TSXV ") to the TSX.

Following the uplisting to the TSX, the Common Shares will no longer trade on the TSXV and will be voluntarily delisted from the TSXV, effective as of close of market on Thursday, August 21, 2025. Shareholders are not required to exchange their direct registration system advices or share certificates, or take any other action in connection with the TSX uplisting.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Questcorp Mining Completes 25 Percent of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico

Questcorp Mining Completes 25 Percent of Maiden Drilling Program at the La Union Gold & Silver Project in Mexico

Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce they have completed 25% of the planned drilling program on its La Union Project in northwest Sonora, Mexico. This work is being carried out by property vendor and operator Riverside Resources Inc. (TSXV: RRI).

Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Noble Reports Updates on Homeland Nickel

Noble Reports Updates on Homeland Nickel

(TheNewswire)

TORONTO TheNewswire - August 18, 2025 Noble Mineral Exploration Inc. (" Noble " or the " Company ") (TSXV: NOB,OTC:NLPXF) (OTCQB: NLPXF) is pleased to report that t he News Release issued today giving an Exploration and Corporate Update for Homeland Nickel in which Noble has a significant shareholding was issued today the contents of which are below. This all relates to the White House announcing immediate measures to be introduced to significantly increase the US production of lithium, nickel, copper, and rare earths, with an eye to increased production, the creation of jobs and, significantly, the reduction of US reliance on foreign nations.

News Provided by TheNewsWire 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

×