VTX - Vertex Minerals

[System]

Vertex Minerals Limited was incorporated on 1 June 2021 by its current parent company, Peak Minerals Limited (PUA). Following a strategic review by Peak Minerals of its assets, the company decided to demerge a number of its projects.

As a result, Vertex Minerals has entered into agreements to acquire:

(a) the Hill End Project, which is located in the region where the "Beyers and Holtermann nugget", the largest single piece of reef gold ever discovered, was found and situated in the eastern Lachlan Fold Belt in New South Wales;
(b) the Hargraves Project, located approximately 30km north of Hill End, consisting of a 4km x 10km goldfield with numerous mineralised structures;
(c) the Pride of Elvire Project, located approximately 210km north of Southern Cross in Western Australia (by way of acquiring 100% of the issue capital of Spartacus Exploration Pty Ltd); and
(d) the Taylors Rock Project, located approximately 80km southwest of Norseman in the Southern Goldfields region of Western Australia.

The Company's main objectives on completion of its ASX listing are:

(a) advance resource development and mining studies related to the Company's Projects;
(b) focus on mineral exploration and other resource opportunities that have the potential to deliver growth for Shareholders;
(c) continue to pursue other acquisitions that have a strategic fit for the Company;
(d) systematically explore the Company’s Projects; and
(e) provide working capital for the Company.

It is anticipated that VTX will list on the ASX during January 2022.

Vertex Minerals Limited | ASX Code:VTX

vertexminerals.com

 

[Dona Ferentes]

Listing date	TBA
Company contact details	https://vertexminerals.com/ Ph: +61 8 6383 7828
Principal Activities	Mining exploration
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	VTX
Capital to be Raised	$5,500,000
Expected offer close date	26 November 2021
Underwriter	Not underwritten. CPS Capital Group Pty Ltd (Lead Manager).

 

[Dona Ferentes]

not much on VTX since listing ... having a good run over last few months.
.

About Vertex Minerals Limited

STRATEGIC FOCUS
• Clear Strategy set for Hill End
1. To install a circa 110ktpa Gravity Gold plant in 2024
2. To commence gold production from existing stockpiles
3. Commence mining development in the high-grade Reward Mine in late 2024
4. To commence at a reduced throughput, but with ore sorting, with a build up of throughput through 2025
5. To be Australia’s most prominent high grade gold miner
6. To drill and add high grade gold to the global Hill End gold inventory, from the large-scale gold system/s within the Hill End Corridor.
7. To take the existing resources and near surface mineralisation to production utilising gravity gold recovery methods.
8. Earn a robust Safety, Environmental, Social and Governance (ESG) reputation.
9. Build shareholder value

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:
- Gravity Recoverable Gold
- Low Capex and Low Operating cost
- Minimal grind 200 to 500 micron
- Benign tails – potential commercial sand
- Benign waste
- Low water usage
- Re usable water
- No chemicals – no cyanide
- 23 fine gold
- Minimum tails to productivity

14th October 2024
HIGHLIGHTS
• Chris Hamilton appointed General Manager Operations for the Hill End Reward Gold Mine.
• Mr Hamilton has more than 24 years of underground mine operational and technical experience including key roles in NSW gold Mines; and
• brings significant underground mining and management experience through CSA, Peak, Hera, and Tritton mines; and
• will lead the Operational Readiness phase for the Reward Gold Mine and the transition from development to mining operations.