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Vertex Minerals Ltd. ( (AU:VTX) ) has provided an announcement.
Vertex Minerals Limited has identified a fully developed stope block at the Reward Mine, which will be included in the mine’s production start-up. This discovery, which was not part of the initial production forecast, contains an Inferred Resource of 2,075 tonnes at 17.8 g/t Au, with a lower block of over 700 tonnes at 42.5 g/t. The stopes, developed by a previous operator, are accessible from existing infrastructure and will provide an early source of mill feed. This addition is expected to enhance the company’s high-grade underground production capabilities and demonstrates potential for further expansion.
More about Vertex Minerals Ltd.
Vertex Minerals Limited is a company operating in the mining industry, focusing on the extraction and production of gold. The company is listed on the Australian Securities Exchange (ASX:VTX) and is involved in the development and management of mineral resources, with a particular emphasis on high-grade underground mining operations.
YTD Price Performance: 3.86%
Average Trading Volume: 638,482
Technical Sentiment Signal: Sell
Current Market Cap: A$41.11M
See more data about VTX stock on TipRanks’ Stock Analysis page.