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Vertex Minerals Ltd. ( (AU:VTX) ) has provided an update.
Vertex Minerals Ltd has made significant progress in the December 2024 quarter, including the completion of the Gravity Gold plant at the Reward Gold Mine and the appointment of Chris Hamilton as General Manager of Operations. The company also acquired a Boart Longyear LM90 underground drill rig to advance exploration efforts. Successful capital raises totaling over $7 million have provided strategic funding for plant completion and equipment acquisition. Post quarter-end, the commissioning of the Reward Gold Mine has commenced, positioning Vertex to potentially unlock additional shareholder value in a favorable gold price environment.
More about Vertex Minerals Ltd.
Vertex Minerals Ltd is an Australian company primarily engaged in gold mining and exploration. Its main focus is on the development and operation of the Reward Gold Mine, aiming to become a significant player in the Australian gold production sector.
YTD Price Performance: 52.38%
Average Trading Volume: 685,617
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$61.27M
For detailed information about VTX stock, go to TipRanks’ Stock Analysis page.
