Vertex Minerals Ltd. (AU:VTX)
ASX:VTX
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Vertex Minerals Ltd.
(Sydney:VTX)
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Rating:42Neutral
Price Target:
AU$0.15
▼(-40.77% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance: widening losses, deeply negative margins, rising leverage, and worsening cash burn that increases funding risk. Technicals add pressure with a clear downtrend and negative momentum, while valuation is constrained by a negative P/E and no dividend support.
Positive Factors
Revenue scaling
Sharp, sustained top-line growth in 2025 shows the company's projects are progressing from exploration toward monetization. Continued revenue scaling can enable absorption of fixed costs, support future margin recovery, and strengthen the case for project financing or partnerships, reducing execution risk over the coming months.
Negative Factors
Deep negative margins
Persistently negative gross margins signal operations are not yet commercially viable. Continued margin deterioration will erode equity, impede reinvestment capacity, and deter long-term financing, making it difficult to achieve sustainable profitability without substantive operational or cost-structure changes.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue scaling
Sharp, sustained top-line growth in 2025 shows the company's projects are progressing from exploration toward monetization. Continued revenue scaling can enable absorption of fixed costs, support future margin recovery, and strengthen the case for project financing or partnerships, reducing execution risk over the coming months.
Read all positive factors
Vertex Minerals Ltd. (VTX) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$45.85M
Dividend YieldN/A
Average Volume (3M)1.37M
Price to Earnings (P/E)―
Beta (1Y)1.54
Revenue Growth307.85%
EPS Growth-133.82%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding286,577,480
10 Day Avg. Volume1,312,071
30 Day Avg. Volume1,373,372
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)2.72
Price to Sales (P/S)144.28
P/FCF Ratio-2.52
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vertex Minerals Ltd. Business Overview & Revenue Model
Company Description
Vertex Minerals Limited engages in evaluation and exploration of minerals in New South Wales and Western Australia. The company primarily explores for gold and nickel. It holds interests in the Hill End project comprising 5 exploration licenses, a...
How the Company Makes Money
Vertex Minerals Ltd. generates revenue through the exploration, development, and eventual extraction and sale of mineral resources, primarily gold. The company invests in exploration activities to identify viable mining sites, which are then devel...
Vertex Minerals Ltd. Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
35
Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.45M | 292.55K | 71.73K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -5.09M | -1.84M | 71.73K | -2.00K | 0.00 | 0.00 |
| EBITDA | -7.14M | -4.35M | -1.05M | -967.92K | -474.53K | -43.64K |
| Net Income | -10.34M | -5.85M | -1.08M | -969.92K | -557.07K | -523.66K |
Balance Sheet | ||||||
| Total Assets | 37.11M | 29.57M | 13.20M | 7.77M | 8.44M | 95.00 |
| Cash, Cash Equivalents and Short-Term Investments | 1.50M | 1.72M | 2.11M | 596.31K | 3.45M | 0.00 |
| Total Debt | 9.13M | 10.58M | 381.70K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 11.34M | 14.07M | 1.12M | 309.33K | 283.85K | 43.73K |
| Stockholders Equity | 25.77M | 15.50M | 12.08M | 7.46M | 8.16M | -43.64K |
Cash Flow | ||||||
| Free Cash Flow | -21.75M | -16.75M | -4.26M | -2.81M | -1.60M | 0.00 |
| Operating Cash Flow | -8.55M | -5.45M | -1.17M | -598.67K | -425.32K | 0.00 |
| Investing Cash Flow | -7.66M | -12.04M | -3.09M | -2.22M | -1.18M | 0.00 |
| Financing Cash Flow | 16.35M | 17.10M | 5.77M | -35.97K | 5.05M | 0.00 |
Vertex Minerals Ltd. Technical Analysis
Negative
0.26
Price Trends
0.19
Negative
0.22
Negative
0.25
Negative
Market Momentum
-0.01
Negative
45.28
Neutral
63.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:VTX, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.16, above the 50-day MA of 0.19, and above the 200-day MA of 0.25, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 45.28 is Neutral, neither overbought nor oversold. The STOCH value of 63.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:VTX.
Vertex Minerals Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
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% | |
47 Neutral | AU$82.55M | -1.12 | -142.42% | ― | ― | ― | |
45 Neutral | AU$176.68M | -26.94 | -3.39% | ― | ― | ― | |
44 Neutral | AU$23.63M | -12.60 | -9.73% | ― | ― | 50.00% | |
42 Neutral | AU$45.85M | -2.60 | -50.09% | ― | 307.85% | -133.82% | |
42 Neutral | AU$33.45M | -0.74 | -162.74% | ― | -12.81% | 24.49% | |
42 Neutral | AU$142.70M | -17.75 | -10.71% | ― | ― | -12.00% |
* Basic Materials Sector Average
AU:VTX
Vertex Minerals Ltd.
0.16
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AU:WCN
White Cliff Minerals Limited
0.01
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Matsa Resources Limited
0.09
0.03
54.55%
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Golden Rim Resources Ltd
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168.29%
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Koonenberry Gold Limited
0.02
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-48.89%
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Felix Gold Ltd.
0.29
0.12
75.76%
Vertex Minerals Ltd. Corporate Events
Vertex Minerals Director Roger Jackson Increases Shareholding via On-Market Purchase
Mar 25, 2026
Vertex Minerals has disclosed a change in director Roger Jackson’s interests, with the executive increasing his holding in the company through an on-market share purchase. Jackson acquired 350,000 ordinary shares at $0.1421 each, lifting his...
Vertex Minerals Reaffirms JORC‑Compliant Gold Resource Reporting
Mar 24, 2026
Vertex Minerals Ltd has released a corporate presentation outlining its status as an Australian high‑grade gold developer and producer centered on the Reward Gold Mine, while reiterating that its materials are informational in nature and not...
Vertex Minerals Plans Equity Placement and Option Issue
Mar 24, 2026
Vertex Minerals has outlined plans for a new securities placement, proposing to issue up to 3,857,143 ordinary fully paid shares alongside 13.5 million options with staggered expiries in 2027 and 2028. The capital-raising initiative, scheduled for...
Vertex Minerals Plans Major Share and Option Issue to Boost Funding
Mar 24, 2026
Vertex Minerals has lodged an Appendix 3B detailing a proposed capital raising via a placement of up to 64,285,714 new fully paid ordinary shares and 21,428,571 options, with the new securities expected to be issued on 7 July 2026. The move signal...
Vertex Minerals secures A$9m convertible funding to advance Reward Gold Mine
Mar 24, 2026
Vertex Minerals has secured A$9 million in new convertible loan facilities arranged by Vert Capital, with A$6 million settling immediately and a further A$3 million due by late April 2026. Subject to shareholder approval, the loans, including accr...
Vertex Minerals Plans New 7 Million-Option Issue for Future Funding Flexibility
Mar 10, 2026
Vertex Minerals Ltd., an Australia-based mineral exploration and development company listed on the ASX under ticker VTX, continues to use capital market instruments to support its growth and project funding needs. The company is positioning itself...
Vertex Minerals Cancels Earlier Securities Issue After Loan Renegotiation
Mar 10, 2026
Vertex Minerals has withdrawn a previously lodged notice regarding a proposed securities issue tied to a A$3 million loan facility. The company told the ASX that the original Appendix 3B filing, dated 24 December 2025, has been cancelled after the...
Vertex Minerals Plans 14 Million-Option Placement to Bolster Capital Flexibility
Mar 10, 2026
Vertex Minerals Ltd., an ASX-listed minerals exploration company, has outlined plans for a new issue of securities to support its ongoing activities. The move underscores the company’s continued effort to fund project development and maintai...
Vertex Minerals Reshapes Debt With A$4.5m Loan Package to Fund Reward Gold Mine
Mar 10, 2026
Vertex Minerals has restructured its debt profile by extending and repricing an existing A$3.0 million loan with RBTN Investments and securing a new A$1.5 million facility from Richsham Nominees, both on 10‑month terms with fixed interest of...
Vertex Minerals lifts Reward Mine output as it readies for 24/7 underground stoping
Mar 2, 2026
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 issu...
Vertex Minerals clarifies lapse of director performance rights and late filings
Feb 11, 2026
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...
Vertex Minerals Reports Lapse of 240,000 Performance Rights
Feb 11, 2026
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 cessatio...
Vertex Minerals Lifts High-Grade Output as Reward Gold Mine Ramps Up Underground Stoping
Feb 5, 2026
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 ...
Vertex Minerals Reaffirms JORC-Compliant Gold Resource Position at Reward Mine
Feb 3, 2026
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 invol...
Vertex Minerals Strengthens Leadership to Drive Reward Gold Mine Production Ramp-Up
Feb 2, 2026
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 ...
Vertex Ramps Up Underground Production at Reward Gold Mine and Bolsters Funding
Jan 30, 2026
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 commiss...
Vertex Minerals Lifts Output at Reward Gold Mine as Higher-Grade Ore Flows Underground
Jan 15, 2026
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 64...
Vertex Minerals Issues New Shares Following Option Exercises
Jan 7, 2026
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...
Vertex Minerals Seeks ASX Quotation for Additional Ordinary Shares
Jan 7, 2026
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 ne...
Vertex Minerals Director Tully Richards Increases Shareholding via On‑Market Purchase
Jan 7, 2026
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 acqu...
Vertex Minerals Director Increases Shareholding via On‑Market Purchase
Jan 5, 2026
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&...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.