Vertex Minerals lifts Reward Mine output as it readies for 24/7 underground stoping

An announcement from Vertex Minerals Ltd. ( (AU:VTX) ) is now available.

Vertex Minerals reports that gold production at its Reward Gold Mine rose to 85 ounces in February 2026, generating $608,429 in gross revenue and continuing a steady improvement from prior months. The company has resolved assay reconciliation issues by deciding to report only final refined gold ounces, after determining that discrepancies were caused by the nuggety nature of its gold.

Operationally, Vertex is advancing a modified development application that would permit 24/7 underground mining and is investing in mine rehabilitation and new equipment, including loaders, an additional underground truck, and a dedicated long hole drilling rig. These steps, together with reduced drive dimensions to minimise dilution and improve grades, are intended to support the start of full-scale long hole stoping from October 2026 and to open multiple mining fronts, potentially enhancing future output and reliability despite earlier delays from poor ground conditions in previously flooded areas.

The most recent analyst rating on (AU:VTX) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Vertex Minerals Ltd. stock, see the AU:VTX Stock Forecast page.

More about Vertex Minerals Ltd.

Vertex Minerals Ltd., listed on the ASX as VTX, is a gold mining company focused on underground operations at the Reward Gold Mine near Bathurst in New South Wales. The company targets narrow but very high-grade gold veins and is progressively mechanising and expanding its underground mining capacity to lift production and improve ore grades delivered to the mill.

Average Trading Volume: 1,263,369

Technical Sentiment Signal: Sell

Current Market Cap: A$60.18M

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