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Vertex Minerals Ltd.
(Sydney:VTX)
Vertex Minerals Ltd. (VTX) vs. S&P 500 (SPY)
Vertex Minerals Ltd. Business Overview & Revenue Model
Vertex Minerals Ltd. Financial Statement Overview
| Breakdown | ||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 25.40K | 71.73K | 0.00 | 0.00 | 0.00 | Gross Profit |
| 25.40K | 71.73K | 0.00 | 0.00 | 0.00 | EBIT |
| -1.72M | -1.05M | -967.92K | -557.07K | -523.66K | EBITDA |
| -1.71M | -1.05M | -967.92K | -557.07K | 0.00 | Net Income Common Stockholders |
| -1.91M | -1.08M | -969.92K | -557.07K | -523.66K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 901.52K | 2.11M | 596.31K | 3.45M | 0.00 | Total Assets |
| 21.11M | 13.20M | 7.77M | 8.44M | 95.00 | Total Debt |
| 1.23M | 381.70K | 0.00 | 0.00 | 0.00 | Net Debt |
| 328.81K | -1.73M | -596.31K | -3.45M | 0.00 | Total Liabilities |
| 4.75M | 1.12M | 309.33K | 283.85K | 43.73K | Stockholders Equity |
| 16.36M | 12.08M | 7.46M | 8.16M | -43.64K |
| Cash Flow | Free Cash Flow | |||
| -9.07M | -4.26M | -2.81M | ― | ― | Operating Cash Flow |
| -2.22M | -1.17M | 0.00 | ― | ― | Investing Cash Flow |
| -7.00M | -3.09M | -2.30M | -1.18M | 0.00 | Financing Cash Flow |
| 9.57M | 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 |
|---|---|---|---|---|---|---|---|
50 Neutral | $1.98B | -1.06 | -21.29% | 3.61% | 1.95% | -30.60% | |
47 Neutral | AU$32.36M | 1.59 | 17.20% | ― | ― | ― | |
40 Underperform | AU$27.47M | ― | -91.81% | ― | ― | 15.00% | |
38 Underperform | AU$49.06M | ― | -15.33% | ― | -46.05% | 14.21% | |
35 Underperform | AU$55.38M | ― | -2.31% | ― | ― | -33.33% |
Vertex Minerals Ltd. Corporate Events
Vertex Minerals Ltd. has announced the issuance of 19,912 fully paid ordinary securities, which will be quoted on the ASX. This move is part of the company’s strategy to enhance its capital structure and potentially improve its market positioning, offering stakeholders an opportunity to engage with its growth prospects.
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.
Vertex Minerals Ltd, a prominent player in the gold mining industry, recently presented at the Noosa Mining Conference in November 2024, highlighting its ongoing projects and future prospects. The company emphasized its commitment to maintaining high standards in mineral resource reporting, as evidenced by its adherence to the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (JORC, 2012). This announcement underscores Vertex’s strategic positioning in the market and its potential impact on stakeholders, as it continues to explore and develop high-grade gold resources.
Vertex Minerals Ltd. has made significant progress in the commissioning of its process plant at the Reward Gold Mine, achieving a 60% throughput rate of its nameplate capacity. The company is addressing challenges related to processing historical low-grade surface stockpiles, which have provided valuable insights for optimizing gold collection processes. Preparations for underground mining are underway, with key equipment like the TD1 jumbo drill rig expected to arrive soon, marking a shift towards underground operations. These developments are crucial for Vertex as they aim to enhance plant efficiency and transition to high-grade underground ore mining, potentially impacting their operational capacity and market position.
Vertex Minerals Limited has announced the quotation of 12,148 fully paid ordinary securities on the Australian Securities Exchange (ASX) under the code VTX. This move follows the exercise of options or conversion of other convertible securities, potentially enhancing the company’s liquidity and market presence.
Vertex Minerals Ltd. announced the application for quotation of 1,042,941 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective March 25, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s market presence and providing additional capital for its operations.
Vertex Minerals Limited has issued 1,042,941 new fully paid ordinary shares at $0.17 per share following the conversion of loan funds from previous financing rounds. This move, approved by the board, reflects the company’s ongoing efforts to strengthen its financial position and support its gold mining projects. The issuance of new shares without disclosure under the Corporations Act suggests confidence in its compliance with regulatory obligations, potentially enhancing its market positioning and stakeholder trust.
Vertex Minerals Limited has announced the acquisition of an Aramine L350D Loader for its Reward Gold Mine, aimed at improving underground mining operations. The loader, designed for small-scale gold mining, will facilitate long hole stoping and enhance safety with remote operation capabilities. Additionally, the company is exploring new areas above the 640 Amalgamated level, which could allow for wider stope mining, potentially improving productivity and changing mining economics through the use of an ore sorter in the processing plant.
Vertex Minerals Limited has announced the acquisition of an Epiroc Boomer TD1 drill rig to enhance its operations at the Reward Gold Mine. This purchase is expected to improve the company’s development and production capabilities, as the rig is designed for high-speed drilling and can be converted for different mining tasks. The strategic acquisition is anticipated to bolster Vertex’s operational efficiency and support its growth in the mining sector.
Vertex Minerals Ltd. has announced the appointment of seven key operational personnel to advance the startup and operation of the Reward Underground Gold Mine. These appointments, which include experienced professionals in roles such as commercial management, mining engineering, geology, and environmental advising, are expected to enhance the company’s operational readiness and strengthen its position in the gold mining sector. The new team members bring decades of experience, which is anticipated to contribute significantly to the successful commencement of mining operations at the Reward Gold Mine.
Vertex Minerals Ltd. announced the quotation of 2,038,235 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of February 28, 2025. This move is part of previously announced transactions and is expected to bolster the company’s financial standing and market visibility, potentially impacting its operational capabilities and stakeholder interests positively.
Vertex Minerals Limited has issued 2,038,235 new fully paid ordinary shares at $0.17 each, converting loan funds from a previous financing arrangement. This move, approved by the Board, aligns with the company’s strategy to enhance its financial position and advance its gold projects, potentially strengthening its market position and providing value to stakeholders.
Vertex Minerals Limited has announced the commencement of gold concentrate tabling, preparing the material for sale as part of the commissioning of their gravity processing plant. The company has faced challenges with the old stockpile material causing blockages, but these are being addressed by minimizing fine material in the process. The stockpile material has shown an average grade of 2.40g/t, consistent with previous tests. Vertex is optimistic about the high-grade Reward gold mine material, which is expected to present fewer processing issues, potentially enhancing their operational efficiency and market position.
Vertex Minerals Ltd has announced a change in the director’s interest, with Mr. Sean Richardson acquiring 80,000 fully paid ordinary shares through on-market purchases. This acquisition reflects a strategic move by the director, potentially indicating confidence in the company’s future prospects and aligning with its growth objectives.
Vertex Minerals Ltd. has completed the commissioning of an ore sorter pre-concentrator at its Hill End gravity gold plant, significantly enhancing the gold grade and reducing mass. The company is implementing advanced technologies like TOMRA’s LASER sorting and Gekko Technicians’ training to optimize operations, addressing challenges such as fine material buildup in process water. These improvements are expected to boost sustainability, profitability, and reduce environmental impact, as Vertex moves towards commencing underground mining.
Vertex Minerals Limited announced the appointment of Sean Richardson as an Independent Non-Executive Director on its board. With over 30 years in the mining industry, Richardson brings extensive experience in operations, consultancy, and managerial roles, enhancing the company’s strategic transition into high-grade gold production. His appointment is expected to strengthen Vertex’s board and support its growth in the mining sector.
Vertex Minerals Limited has announced the quotation of 4,999,999 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of a previously disclosed transaction, aligning with the company’s efforts to expand its financial and operational capabilities in the mineral resources sector.
Vertex Minerals Limited has announced the issuance of 4,999,999 new fully paid ordinary shares at $0.17 per share, following the conversion of loan funds previously advanced to the company. This move, lodged with an ASX Appendix 2A application for quotation, reflects Vertex’s ongoing financial strategies and compliance with relevant provisions of the Corporations Act, indicating a structured approach to managing its capital and regulatory obligations.