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Vertex Minerals Ltd.
(Sydney:VTX)
Vertex Minerals Ltd. (VTX) vs. iShares MSCI Australia ETF (EWA)
Vertex Minerals Ltd. Business Overview & Revenue Model
Vertex Minerals Ltd. Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 292.55K | 71.73K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -1.84M | 71.73K | -2.00K | 0.00 | 0.00 |
| EBITDA | -4.35M | -1.05M | -967.92K | -474.53K | -43.64K |
| Net Income | -5.85M | -1.08M | -969.92K | -557.07K | -523.66K |
Balance Sheet | |||||
| Total Assets | 29.57M | 13.20M | 7.77M | 8.44M | 95.00 |
| Cash, Cash Equivalents and Short-Term Investments | 1.72M | 2.11M | 596.31K | 3.45M | 0.00 |
| Total Debt | 10.58M | 381.70K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 14.07M | 1.12M | 309.33K | 283.85K | 43.73K |
| Stockholders Equity | 15.50M | 12.08M | 7.46M | 8.16M | -43.64K |
Cash Flow | |||||
| Free Cash Flow | -16.75M | -4.26M | -2.81M | -1.60M | 0.00 |
| Operating Cash Flow | -5.45M | -1.17M | -598.67K | -425.32K | 0.00 |
| Investing Cash Flow | -12.04M | -3.09M | -2.22M | -1.18M | 0.00 |
| Financing Cash Flow | 17.10M | 5.77M | -35.97K | 5.05M | 0.00 |
Vertex Minerals Ltd. Technical Analysis
Vertex Minerals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$216.43M | -31.19 | -5.37% | ― | ― | ― | |
47 Neutral | AU$50.15M | -7.21 | -42.43% | ― | 307.85% | -133.82% | |
47 Neutral | AU$43.74M | -2.97 | -180.34% | ― | -12.81% | 24.49% | |
46 Neutral | AU$105.32M | 4.13 | 8.05% | ― | ― | ― | |
44 Neutral | AU$28.77M | -11.82 | -13.66% | ― | ― | 50.00% | |
42 Neutral | AU$167.31M | -15.58 | -9.15% | ― | ― | -12.00% |
Vertex Minerals Ltd. Corporate Events
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.
Vertex Minerals has clarified that 240,000 unlisted director performance rights tied to the achievement of first gold pour and subsequent gold production expired unexercised on 11 December 2025, after directors agreed commercial production was not yet sufficient to justify vesting. The company emphasised that no trading occurred in these rights and that the market had previously been informed of their expiry terms.
The miner also disclosed that Appendix 3Y and 3Z director interest notices were lodged late due to administrative oversights, including incorrect register entries and management changes, but said those inconsistencies have now been corrected. Vertex stated its governance controls, including pre-approval requirements for key management securities dealings and maintenance of a transaction register, remain adequate and are being enforced to ensure compliance with ASX listing rules.
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.
Vertex Minerals Limited has notified the market that 240,000 performance rights, classified as VTXAL securities, have lapsed after the specified conditions for their conversion were not met or became incapable of being satisfied, with the cessation dated 11 December 2025. The lapse reduces the company’s pool of potential equity issuance under these rights, slightly tightening its future dilution profile and clarifying the structure of its issued and unissued capital for current and prospective shareholders.
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.
Vertex Minerals reported a strong start to 2026 at its Reward Gold Mine, with high-grade ore production from the 640-Mica Vein and continued ramp-up of underground stoping. January output included 277 tonnes at 16.60 g/t from Panel 1, while Panel 2 and additional high-grade material from the 640-Mica Vein were mined and processed in early February, supported by an ore sorter that performed well and January gold sales of $503,000 alongside stockpiled high-grade ore. Despite earlier delays and added ground support work caused by poor ground conditions in declines that had been underwater for 14 years, rehabilitation of key declines, preparation of flatback stopes containing multiple reefs, and the arrival of a second remote loader position the operation to increase stoping rates, improve mill head grades, and establish multiple mining areas that are expected to underpin rising underground production.
The most recent analyst rating on (AU:VTX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Vertex Minerals Ltd. stock, see the AU:VTX Stock Forecast page.
Vertex Minerals Ltd has released a corporate presentation outlining its position as an Australian high-grade gold developer and producer centered on the Reward Gold Mine, highlighting its compliance with JORC 2012 reporting standards and the involvement of a qualified Competent Person in estimating its exploration targets. The presentation reiterates that its resource estimates are consistent with prior market announcements and emphasizes the informational nature of the material, underscoring that no guarantees are made regarding future performance or the achievement of projected outcomes.
The most recent analyst rating on (AU:VTX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Vertex Minerals Ltd. stock, see the AU:VTX Stock Forecast page.
Vertex Minerals has appointed veteran mining executive Jim Simpson as Executive Director – Operations, effective 3 February 2026, as it moves to accelerate gold production at its Reward Gold Mine in New South Wales. Simpson, who shifts from a non-executive director role and assumes operational management from Executive Chairman Roger Jackson, brings four decades of underground and open-cut mining experience, including leading feasibility work and production ramp-ups at several high-grade, narrow-vein operations. In tandem with the appointment, the company has retitled Tully Richards as Executive Director – Geology and Exploration, underscoring a focus on long-term operational strategy and the ramp-up to commercial production, while an additional independent board appointment is being considered to further strengthen governance and support Vertex’s growth ambitions.
The most recent analyst rating on (AU:VTX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Vertex Minerals Ltd. stock, see the AU:VTX Stock Forecast page.
Vertex Minerals reported a pivotal December quarter as it advanced the Reward Gold Mine from initial underground output to a multi-front operating mine, ramping up stoping across the Lady Belmore Reef and Mica vein systems and successfully commissioning tele-remote mining systems for safer, mechanised long hole stoping. The gravity-only processing plant operated at or near nameplate capacity on underground ore, while the company bolstered its balance sheet with $4.5 million in loan facilities to fund development and working capital, added experienced director Jim Simpson to its board, and applied for the Dun Dun exploration licence to expand its footprint, collectively positioning Vertex for continued production ramp-up and de-risking through 2026 despite rehabilitation work slowing access to higher-grade stopes.
The most recent analyst rating on (AU:VTX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Vertex Minerals Ltd. stock, see the AU:VTX Stock Forecast page.
Vertex Minerals reports rising gold output from its Reward Gold Mine, with 70 ounces shipped in the first 12 days of January 2026 and December 2025 sales revenue of $325,456, driven by increased underground stoping and higher-grade ore from the 640-Mica Vein and associated panels. The company is working through ground-condition-related delays in rehabilitating declines that were underwater for 14 years, but expects production to strengthen as multiple mining areas and development levels come online, supported by plant and TOMRA sorter optimisations and upgraded security and communications to handle growing gold production.
The most recent analyst rating on (AU:VTX) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Vertex Minerals Ltd. stock, see the AU:VTX Stock Forecast page.
Vertex Minerals Limited has issued 49,631 new fully paid ordinary shares following the exercise of listed options at strike prices of A$0.15 and A$0.25 per share, respectively. The shares were issued without a prospectus under the Corporations Act’s cleansing provisions, with the company confirming it is up to date with its financial reporting and continuous disclosure obligations and stating there is no excluded information requiring disclosure, thereby maintaining regulatory compliance while modestly increasing its share capital base.
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.
Vertex Minerals Limited, an ASX-listed mining and resources company trading under the ticker VTX, has lodged an application with the exchange for the quotation of additional ordinary fully paid shares. The company is seeking quotation of 49,631 new ordinary fully paid shares issued on 7 January 2026, stemming from the exercise or conversion of existing options or other convertible securities, modestly increasing its quoted capital base and signalling ongoing utilisation of equity-based instruments within its capital structure.
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.
Vertex Minerals Limited has disclosed a change in director Tully Richards’ holdings, noting both direct and indirect interests in the company’s securities, including shares, listed options and unlisted performance rights. Richards acquired 40,000 ordinary fully paid shares on market at $0.255 per share on 7 January 2026, increasing his total shareholding to 1,575,550 shares, with no changes to his option or performance rights positions and no related contracts involved, indicating a modest vote of confidence in the company by a board member.
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.
Vertex Minerals director Tully Richards has increased his holding in the company through an on-market purchase of additional fully paid ordinary shares. The transaction, completed on 24 December 2025 at a price of $0.225 per share, lifts Richards’ direct and indirect shareholding to 1,535,550 shares, alongside existing listed options and unlisted performance rights, signaling continued alignment of the director’s financial interests with those of shareholders.
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.
Vertex Minerals Ltd., listed on the ASX under code VTX, has lodged an Appendix 3B detailing a proposed issue of options as part of a placement or other securities issue. The company plans to issue up to 1,873,950 options expiring 17 July 2026 (VTXOA) and a further 1,873,950 options expiring 17 July 2027 (VTXO), with a proposed issue date of 7 July 2026, signalling an intention to use options-based issuance to support its capital structure and provide additional leverage for investors. While financial terms are not disclosed, the move indicates ongoing capital management activities that may influence shareholder dilution, trading liquidity and the company’s capacity to fund future corporate or project initiatives.
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.
Vertex Minerals Ltd has lodged an Appendix 3B with the ASX outlining a proposed placement or similar issue of up to 10 million options, comprising a maximum of 5 million VTXO options expiring 17 July 2027 and 5 million VTXOA options expiring 17 July 2026, with a proposed issue date of 7 July 2026. The planned issuance is intended to expand the company’s quoted securities on market and, if completed, would potentially provide additional funding flexibility and leverage to future share price performance for both the company and participating investors.
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.
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.
Vertex Minerals reports a steady ramp-up in gold production at the Reward Gold Mine as underground stoping ore volumes and grades improve, supported by successful remote loading from the 1438 north stope, progress on Decline 3 rehabilitation towards flatback stoping, and ore-grade development on the Star of Peace vein. All five underground mining areas are now in ore development or stoping, the processing plant is operating near nameplate throughput after recent screen modifications, and quarter-to-date gold sales have reached $656,708, positioning the company for further production growth as additional stoping fronts are established and mining rates better align with plant capacity.
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.
Vertex Minerals Limited has announced the appointment of James Simpson as a director, effective 19 December 2025, and has lodged the required initial director’s interest notice with the ASX. The filing confirms that Simpson currently holds no relevant interests in Vertex Minerals’ securities and has no interests in contracts related to the company, signalling a clean starting position in terms of equity and contractual exposure as he joins the board, with no immediate dilution or shift in ownership structure for existing shareholders.
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.
Vertex Minerals Limited has announced that director Declan Franzmann ceased to be a director of the company on 19 December 2025, as disclosed in a final director’s interest notice lodged with the ASX. At the time of his departure, Franzmann held no Vertex securities in his own name, but had indirect interests through related entity Citraen Pty Ltd
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.
Vertex Minerals Ltd has appointed veteran mining executive Jim Simpson as a Non-Executive Director, replacing long-serving director Declan Franzmann, who is retiring after four years with the company. Simpson brings more than 35 years of Australian and international mining experience across gold, copper, lead and zinc, with a strong track record in high-grade narrow-vein mining, feasibility studies, operational turnarounds and corporate growth at operations such as Stawell Gold Mines, Hera and Peak Gold Mines, Silver Swan Nickel and Gossan Hill. The board expects his local knowledge of the New South Wales mining environment and specialist underground gold expertise to bolster the company’s operational capabilities at the Reward Gold Mine and support its ambitions as a growing high-grade producer, while Franzmann’s departure marks the transition from project start-up to production phase following his key role in getting the mine into operation.
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.
Vertex Minerals Ltd. has announced significant operational milestones at its Reward Gold Mine, highlighting advancements in its underground mining operations. The company successfully connected a remote-control unit to the Aramine underground loader, which has started loading ore from the 1438 north stope. The development of Decline 3 is progressing, and gold grades are increasing as new areas are developed. The ramp-up in gold production is on track, with more development headings becoming available as rehabilitation tasks are completed. This advancement positions Vertex Minerals Ltd. as a leader in utilizing tele remote equipment in underground mining, enhancing safety and efficiency in its operations.
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.