Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) process plant achieves 60% throughput rate of name plate capacity during processing campaigns while plant commissioning is ongoing with modifications to suit future Reward underground ore feed .

Vertex's Executive Chairman, Roger Jackson commented: "Its pleasing to see we have now almost fully tuned the plant to cater for a wider range of feed stock material. We are now gaining confidence in the processing and gold grade in the surface stockpiles, the fact they are sitting adjacent to the plant and offer an inexpensive feed source is a real advantage to the plant commissioning process.

"The processing of the surface stockpile material has presented some real challenges with the way the old stockpile material breaks down causing frequent blockages in piping. These blockages have hindered the plant availability and throughput, however, the processing team have worked diligently to overcome a vast number of issues in a short period of time.

"Our technical team and operators have been implementing low-cost components and strategies to minimise the fine material into the process. Whilst this has set us back in time with moving to cash flow it is important to note that our main game is mining the Reward high grade gold mine material.

Delays due to plant tuning today should translate to higher efficiencies earlier in the mine plan "Meanwhile our underground team has been busy preparing the historical workings in anticipation of the arrival of our TD1 jumbo drill rig with dewatering, ground support and re-entry tasks underway.

The TD1 jumbo is a crucial piece of mining equipment that will herald the start of a new and prosperous era of mining at the historical Reward Gold Mine.

"Every day I am excited to see the progress of development of the mine, and I look forward to updating investors as and when new news comes to hand"

Over the last 10 weeks the process plant has been steadily ramping up its through put capacity through the commissioning process.

Modifications to the plant include:

- Reducing the clearance in the jaw crusher.

- Dampeners over the sorting screen.

- Increasing the gold concentrate resident time in the Falcon concentrator.

- Increasing recycling load in the regrind mill.

- Adjusting water flows for different circuits in the plant.

- Reducing throughput density on the sand line.

These modifications have been important in increasing the plant utilisation and increasing throughput towards nameplate capacity and availability.

Further modifications and improvements have been identified in the following areas:

- A pre-screening scalper to reduce fines in the crushing system.

- Pre-screening oversize fines material to the re-grind mill prior to the Falcon concentrator

- Tails line (sand line) valves and performance review

- Tails hopper agitator unit

These improvements are planned for integration into the process plant over the next 6 weeks.

Commissioning of the plant using the existing low-grade surface stockpiles has initially enabled modest first concentrate production, allowing Vertex the opportunity to optimise the gold collection processes. A small sample of gold has been sent for refining and sale to test the process. A larger size gold concentrate batch is building as throughput increases. It will be dispatched for refining and sale when worthwhile volumes are obtained.

The low-grade surface stockpile material has been an important source of inexpensive feed material to commission the plant, providing invaluable processing information and support for the training of the new workforce. Further it has offered a rare opportunity to de-risk and optimise the processing flowsheet prior to commencement of mining high-grade underground ore from the Reward mine.

Long lead underground equipment has been ordered, including a TD1 jumbo drill rig (refer VTX ASX 4 March announcement) which is due to arrive from Kalgoorlie in 6 weeks. The arrival of the TD1 jumbo drill will be a key milestone in the development of the Reward mine, signalling a significant shift towards underground mining, and subsequently, underground ore feed into the process plant. Management continues to source other capital items required to furnish and operate the Reward mine.

Vertex continues to progress the Reward mine towards underground mining. Dewatering has commenced of old headings in preparation for the arrival of recently ordered underground mining equipment. Check scaling and assessment of historical ground support has been completed throughout historical areas of the mine.

Areas of concern have been identified and remediated where appliable. Additional ground support will be installed when the TD1 jumbo drill rig has arrived and has been commissioned on site.

*To view the Mineral Resource Estimate, please visit:
https://abnnewswire.net/lnk/9C06B296

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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Vertex Minerals VTX:AU ASX:VTX Base Metals Investing

VTX:AU

Vertex Minerals Limited A$11m Capital Raising to Accelerate Mining at Hill End

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce that it has received firm commitments to raise approximately A$11 million (before costs) via a conditional share placement and a convertible loan which will convert into equity in Vertex, subject to shareholder approval to be sought at an EGM scheduled for mid-June ("Capital Raising" or "the Offer"). The Company will also conduct a Share Purchase Plan ("SPP") on the same terms as the conditional share placement to raise up to a further A$1m.

HIGHLIGHTS

- Firm commitments received to raise approx. A$11 million via a capital raising

- Strong demand from existing shareholders (including a c. $4m cornerstone order) and new investors

- Capital raising allows the Company to accelerate underground development work and to commence underground mining by July 2025

Overview

Vertex Minerals Limited is developing its advanced Hill End gold project located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. The Capital Raising will provide funds for the Company to complete underground development work and to commence underground mining by July 2025, as Vertex emerges as Australia's next high-grade and highmargin gold producer. With an existing mineral resource estimate of 419,000t @ 16.7g/t Au for 225,200oz Au, The PFS completed in February 2024 contemplates production up to 30koz at below A$2,000/oz (AISC), with the potential for very attractive margins at a time of a strong gold price.

Capital Raising details

Vertex Minerals conducted a capital raising of approximately A$11 million (before costs), comprising of a:

- Conditional placement to raise A$7.5 million via the issue of 35.7 million fully paid ordinary shares ("New Shares"), subject to shareholder approval at an upcoming shareholders meeting ("EGM") expected in mid-June 2025 ("Placement");

- Share Purchase Plan to raise up to a maximum of A$1 million on the same terms as the Placement ("SPP") The Record Date for the SPP is Friday 9 May and further details regarding the SPP will be provided shortly; and

- Convertible Loan issuance raising to raise A$3.5 million ("Convertible Loans"). The Convertible Loans (including interest accrued prior to maturity of the Convertible Loans) will be converted into shares at the same price as the Offer Price, five business days after obtaining shareholder approval at the EGM in mid-June. The Convertible Loans will have an interest rate of 10% p.a. with interest to be calculated and accrued monthly, on a compounding basis ("Interest Rate"). Settlement of the A$3.5 million of Convertible Loans in mid-May will provide the Company with near-term liquidity as Vertex completes the small amount of capital works required for commencement of high-margin underground mining at the Hill End mine.

- Participants in the Placement, Convertible Loan and SPP will be issued with 1 free listed attaching option per 3 New Shares subscribed ("Options"). The Options will be on the same terms as the existing listed VTXOA options (25c strike / 17 July 2026 expiry).

- The pricing of the New Shares represents discounts of

o 12.5% to last close of $0.240
o 13.4% to 5-day VWAP of $0.243
o 11.1% to 15-day VWAP of $0.236

Blue Ocean Equities Pty Ltd and CPS Capital Group Pty Ltd acted as Joint Lead Managers.

Vertex's Executive Chairman, Roger Jackson commented: "The past few months has seen a tremendous transformation of our Hill End site with the successful installation and commissioning of both our Tomra ore sorter and gravity gold plant.

With the processing circuit already operating on historic stockpiles, it's now only months before we commence underground mining. The team at Hill End is excited at the prospect of mining one of Australia's highest grade gold mines, with our resource at a very high 16.7g/t Au in situ. The Tomra ore sorter is very effectively at separating our quartz-hosted gold ore from other rocks.

It's a compact, but critically fully approved, site. And given our high-grade resource and the adoption of mechanised underground mining as well as the Tomra ore sorting technology, we are targeting production of gold for less than A$2,000/oz. Finally, we believe Hill End will have one of the best ESG footprints of an Australian gold mine on account of our minimal grind requirements, low water usage, gravity plant with no chemicals or cyanide and the resultant production of benign tails.

This capital raising provides our remaining capital expenditure (less than A$1 million) and working capital over May / June ahead of underground mining in July. With over $25 million spent by previous owners on underground development and the ore sorter and processing plant in place and operating successfully, we believe Vertex is on the cusp of a period of significant cash generation from our uniquely high-grade gold operation."

*To view the timetable, please visit:
https://abnnewswire.net/lnk/T1CL2GPD

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

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Vertex Minerals Limited Appointment of Joint Chief Financial Officers

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce the appointment of Vince Fayad and Kurt Laney as Joint Chief Financial Officers (CFO) of the Company.

HIGHLIGHTS:

- Appointment of Vince Fayad and Kurt Laney as Joint Chief Financial Officers

- Both bring extensive experience in the public company sector, with a strong focus on the mining industry

- Focus on processes and controls to support the growth and development of the Company

- Based in Sydney

Vince and Kurt bring a wealth of experience in both the mining and public company sectors. Their combined experience, together with their broader expertise in handling larger trading entities, will be invaluable as the Company progresses towards its next stage of production. Vince and Kurt will work alongside the management team at Hill End, with a particular focus on supporting the evolution of the Company's processes and controls across the accounting, finance and treasury functions as Vertex transitions to production.

Both Kurt and Vince are Chartered Accountants and their experience includes:

- Vince has over 40 years' experience in corporate finance, international M&A, accounting and other advisory related services in Sydney-based mid-tier accounting firms. His experience ranges from provision of corporate, accounting and secretarial services, together with strong commercial acumen particularly, in the planning and execution and of development strategies for projects as well as acquisition skills.

- Kurt is an experienced Chartered Accountant with over ten years of experience specialising in the provision of accounting for publicly listed companies, taxation, and corporate secretarial services.

Vince brings extensive public company experience, including his current role as Executive Director and Joint Company Secretary of Astute Metals NL (ASX:ASE). Kurt also serves as CFO and Joint Company Secretary of ASE. Over the past decade, both Vince and Kurt have held Joint CFO and Company Secretary roles across several other ASX-listed companies.

Executive Chairman Roger Jackson commented, "I am delighted with the appointment of Vince and Kurt. They bring not only a strong degree of financial acumen, but also have extensive public company experience and, being Sydney-based, will integrate well with our project team and operations. These skills will be invaluable as the Company moves forward. I look forward to working with Vince and Kurt".

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

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FPX Nickel Provides Update on Affiliate Company CO2 Lock Corp.

FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to provide an update on the activities of its affiliate company, CO2 Lock Corp. (" CO2 Lock ").

Background

In 2022, FPX announced the formation of CO2 Lock as a self-funding subsidiary to pursue geoscience-related carbon capture and storage (" CCS ") opportunities via permanent mineralization of carbon dioxide. FPX retains 100% of the carbon credits associated with CCS on FPX's own properties, and can use any intellectual property developed by CO2 Lock for the benefit of FPX's own properties.

Since its inception, CO2 Lock has completed multiple field programs at its flagship SAM site in central British Columbia , including a successful CCS field program in 2023, which included drilling an exploration well. This achievement marked a significant milestone in the development of CO2 Lock's innovative in-situ CO ₂ mineralization technology.

Commercial Updates

In recent months, CO2 Lock has achieved several commercial milestones, including the signing of preliminary agreements with key counterparties in the CCS value chain as follows:

Letter of Intent with Cielo Carbon Solutions (" Cielo ") and Carbon Quest outlining the framework for capturing and sequestering 100,000 tonnes of CO ₂ per year, scaling up to a target of 1 million tonnes per year. This strategic relationship combines Cielo and Carbon Quest's point-source carbon capture solution with CO2 Lock's storage solution to create an end-to-end value chain from industrial emitters to the permanent storage of carbon dioxide.
Memorandum of Understanding with Ionada Carbon Solutions LLC (" Ionada ") to pursue a variety of commercial arrangements relating to the capture and storage of carbon dioxide and the related sale of carbon credits into the commercial market. The collaboration will integrate Ionada's proprietary carbon capture technology with CO2 Lock's permanent mineralization storage solutions, creating end-to-end carbon capture storage systems that are cost-effective and scalable.
Letter of Intent with a leading carbon marketplace platform (the " Platform "), under which the Platform will purchase up to 33% of the carbon credits generated annually from CO2 Lock's flagship SAM carbon sequestration site, representing the potential for over 300,000 verified carbon credits (tonnes) per year.

Following the successful field program in 2023, CO2 Lock has submitted an application for a carbon capture and storage exploratory reservoir license with British Columbia's Ministry of Energy and Climate Solutions. Receipt of this license would provide CO2 Lock with the regulatory approval to advance the project towards commercial operations at the SAM project.

CO2 Lock Financing and Restructuring

CO2 Lock recently completed the final $600,000 tranche of its latest funding round, which raised a cumulative total of $1.7 million through a Simple Agreement for Future Equity (" SAFE ") from third-party investors. Since its inception, CO2 Lock has raised a total of approximately $3.4 million from third-party investors.

In connection with the closing of the SAFE round, FPX and CO2 Lock have agreed to a restructuring of CO2 Lock's capital structure such that FPX's undiluted ownership interest in CO2 Lock has been reduced from approximately 88% (prior to the SAFE round) to 30% (on conclusion of the SAFE round). This restructuring better positions CO2 Lock to seek additional funding from third party investors going forward, while ensuring that FPX retains a meaningful ownership interest in CO2 Lock and enduring rights to utilize CO2 Lock's intellectual property for the benefit of FPX's own properties.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/20/c0028.html

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Precious Metals & Critical Minerals Hybrid Investor Conference Agenda Announced for May 22nd

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the agenda for the Precious Metals & Critical Minerals Hybrid Virtual Investor Conference. Individual investors, institutional investors, advisors, and analysts are invited to attend.

This in-person and virtual event will showcase live company presentations and interactive discussions featuring Precious Metals and Critical Minerals including Gold, Silver, Antimony, Copper, Lithium, Nickel, PGM, Rare Earth Elements, Uranium and Vanadium. Company executives and industry experts will present live from the OTC Markets Group headquarters at 300 Vesey Street in New York City. All presentations will be broadcast to the Virtual Investor Conferences community. For those who are interested in attending, there are two ways to register:

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Talon Metals Reports Results for the Quarter Ended March 31, 2025

Talon Metals Corp. (TSX: TLO) ("Talon" or the "Company") reported a net loss for the three months ended March 31, 2025 of $0.8 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation. This compares to a net loss for the three months ended March 31, 2024 of $0.3 million or nil per share (basic and diluted), which was primarily the result of administration expenses and stock option compensation, offset by foreign currency gain and interest income.

Capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project for the three months ended March 31, 2025 amounted to $5.8 million, primarily the result of exploration and development costs and deferred expenditures of $7.0 million, offset by governments grants received of $1.2 million. This compares to capitalized exploration and development costs and deferred expenditures on the Tamarack Nickel-Copper-Cobalt Project of $6.8 million for the three months ended March 31, 2024. The total capitalized cost to the Tamarack Nickel-Copper-Cobalt Project to March 31, 2025 amounts to $237.7 million.

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Cygnus Metals to Present at the Precious Metals & Critical Minerals Hybrid Investor Conference on May 22nd

Cygnus Metals Ltd. (ASX: CY5, TSXV: CYG, OTCQB: CYGGF), based in Perth, Western Australia, focused on the Chibougamau Copper-Gold Project in Quebec, Canada, today announced that Ernest Mast, President and Managing Director, will present live at the Precious Metals & Critical Minerals Hybrid Investor Conference, hosted by VirtualInvestorConferences.com, on May 22nd 2025.

DATE : May 22 ^nd , 2025
TIME: 3:15 PM EDT
LINK: REGISTER HERE

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9:00 AM	Keynote Presentation: "What's next for precious metals?" -Jeff Christian, Managing Partner of CPM Group
9:30 AM	Viva Gold Corp.	(OTCQB: VAUCF \| TSXV: VAU)
10:00 AM	StrikePoint Gold, Inc.	(OTCQB: STKXF \| TSXV: SKP)
10:45 AM	Honey Badger Silver Inc.	(OTCQB: HBEIF \| TSXV: TUF)
11:15 AM	Relevant Gold Corp.	(OTCQB: RGCCF \| TSXV: RGC)
12:30 PM	Keynote Presentation: "Surveying the Critical Minerals Landscape," –Jack Lifton, Senior Advisor, Energy Fuels, Inc.
1:00 PM	Azimut Exploration Inc.	(OTCQX: AZMTF \| TSXV: AZM)
1:30 PM	Energy Fuels Inc.	(NYSE American: UUUU \| TSX: EFR)
2:00 PM	Lion & Copper Gold Corp.	(OTCQB: LCGMF \| CSE: LEO)
2:45 PM	Alaska Silver Corp.	(Pink: WAMFF \|TSXV: WAM)
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3:45 PM	Power Metallic Mines Inc.	(OTCQB: PNPNF \|TSXV: PNPN)

Vertex Minerals Limited Reward Gold Mine Project Update

Vertex Minerals Investor Kit

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Investor Insight

Overview

Company Highlights

Key Project

Hill End Gold Project

Reward Underground Gold Mine

Management Team

Roger Jackson - Executive Chair

Declan Franzmann - Non-executive Director

Tully Richards - Technical Director

Alex Neuling - Company Secretary

Chris Hamilton - General Manager Operations, Hill End Reward Gold Mine

Alan Mills - Commercial Manager

Thomas Cowan - Senior Mining Engineer

Carl Clark - Senior Mining Geologist

Julian Geldard - Senior Mining Geologist

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