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Vertex Minerals Ltd. ( (AU:VTX) ) has shared an announcement.
Vertex Minerals Limited has announced a capital raising of approximately A$11 million to accelerate the development and commencement of underground mining at its Hill End Gold Project by July 2025. This funding will enable Vertex to complete necessary underground development work and leverage its high-grade gold resources, positioning the company for significant cash generation and enhancing its standing in the gold mining industry.
More about Vertex Minerals Ltd.
Vertex Minerals Limited is an Australian-based gold mining and exploration company focused on developing its advanced Hill End gold project located in the Eastern Lachlan Fold Belt of Central West NSW. The company aims to become a high-grade and high-margin gold producer, with a mineral resource estimate of 419,000t at 16.7g/t Au for 225,200oz Au.
Average Trading Volume: 545,994
Technical Sentiment Signal: Buy
Current Market Cap: A$45.9M
Learn more about VTX stock on TipRanks’ Stock Analysis page.