Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Vertex Minerals (VTX:AU) has announced Quarterly Activities/Appendix 5B Cash Flow Report

Download the PDF here.

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Vertex Minerals

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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

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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.

Noble Minerals Acquires Uranium-Molybdenum Property in Northern Quebec

Noble Minerals Acquires Uranium-Molybdenum Property in Northern Quebec

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario January 30, 2025 TheNewswire - Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSX-V:NOB, FRANKFURT: NB7, OTCQB:NLPXF) is pleased to report acquisition of mining claims on a Uranium-Molybdenum prospect in Northern Quebec. The 10 claims were acquired by map staking to cover approximately 461 hectares and is called the Taser North Property

News Provided by TheNewsWire via QuoteMedia

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