Vertex Minerals Limited
VTXXF
Other OTC0.10
USD
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Vertex Minerals Limited
VTXXF
(Other OTC)
Recent
price
0.10
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Vertex Minerals Limited (ASX: VTX; OTC: VTXXF) is an Australia-based gold exploration and development company focused on advancing mineral projects in New South Wales. The company explores and develops primarily gold deposits, with additional interests in lithium and nickel; its key assets include the Hill End Gold Project featuring the Reward Gold Mine, Hargraves Gold Project, Taylor Rock Project, and Pride of Elvire Project, all located in the Eastern Lachlan Fold Belt region. Operations target high-grade underground gold mining and processing through a modular gravity gold plant; exploration encompasses resource delineation, infill drilling, metallurgical testing, and ore sorting for pre-concentration to optimize production efficiency. Incorporated in 2021 and headquartered at 6 Bowen Street in Hill End, Australia, Vertex Minerals serves investors and stakeholders in the gold mining sector across domestic Australian markets. In 2024, the company acquired a Gekko gravity gold processing plant from the Morningstar Gold Mine for relocation to Hill End, enabling expedited production with high throughput, low operating costs, remote monitoring, and enhanced security; it also purchased a Boart Longyear LM90 underground drill rig to expand exploration below the Reward resource. During the half-year ended December 2024 and into 2025, Vertex completed capital raises including convertible loans totaling $6.8 million plus additional commitments for plant commissioning, infrastructure, mine development, and working capital; commenced wet commissioning and gold ore processing at Reward in January 2025; established multiple mining fronts using jumbo and airleg methods; and identified high-grade stope blocks for early production incorporating inferred resources of over 2,000 tonnes at 17.8 g/t Au.