Vertex Minerals Ltd. ( (AU:VTX) ) has provided an update.
Vertex Minerals Ltd. has made significant progress in the commissioning of its process plant at the Reward Gold Mine, achieving a 60% throughput rate of its nameplate capacity. The company is addressing challenges related to processing historical low-grade surface stockpiles, which have provided valuable insights for optimizing gold collection processes. Preparations for underground mining are underway, with key equipment like the TD1 jumbo drill rig expected to arrive soon, marking a shift towards underground operations. These developments are crucial for Vertex as they aim to enhance plant efficiency and transition to high-grade underground ore mining, potentially impacting their operational capacity and market position.
More about Vertex Minerals Ltd.
Vertex Minerals Ltd. operates in the mining industry, focusing on gold extraction and processing. The company is engaged in developing the Reward Gold Mine, with a strong emphasis on optimizing its processing plant to handle both surface stockpiles and future underground ore feed.
YTD Price Performance: 28.02%
Average Trading Volume: 633,329
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$50.68M
See more data about VTX stock on TipRanks’ Stock Analysis page.