Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest announcement is out from Vertex Minerals Ltd. ( (AU:VTX) ).
Vertex Minerals has secured two arm’s length loan facilities totalling A$4.5 million from an existing shareholder and Monaco-based Global ESG Investments Limited, bolstering liquidity during the operational ramp-up of its high-grade Reward Gold Mine in New South Wales. The new funding will be directed to underground mine development, plant optimisation and working capital, supporting an accelerated transition to steady-state production and gold sales, with repayments expected from operating cash flow in 2026, underscoring lender confidence in the asset as Vertex progresses key milestones in underground production and processing at Reward.
The most recent analyst rating on (AU:VTX) stock is a Hold with a A$0.25 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 is an Australian gold miner focused on developing and ramping up production at its 100%-owned high-grade Reward Gold Mine at Hill End in New South Wales. The company is advancing underground operations and processing through a gravity gold plant with reported recoveries of around 95%, targeting a JORC resource totalling 419,000 tonnes at 16.72 grams per tonne for 225,200 ounces of gold.
Average Trading Volume: 1,213,588
Technical Sentiment Signal: Buy
Current Market Cap: A$75.93M
For an in-depth examination of VTX stock, go to TipRanks’ Overview page.