Vertex Minerals Limited (ASX: $VTX) Pre-Feasibility Study Update

Vertex Minerals Limited (ASX: $VTX) has unveiled an updated Pre-Feasibility Study (PFS) for the high-grade gold operation at the Reward Gold Mine, Hill End NSW. The study showcases significant improvements in project economics, including an 18% increase in NPV, 43% increase in IRR, 15% increase in free cash flow, and a 40% decrease in pre-production CAPEX, with a 6-month payback period. Based on a JORC Mineral Resource Estimate and a Probable Ore Reserve, the project is well-positioned for a simple start-up, with plans to increase throughput up to 110 ktpa using environmentally friendly processing methods.

Executive Commentary on Updated Pre-Feasibility Study

The updated Pre-Feasibility Study demonstrates the significant potential of the Reward Gold Mine project. We are pleased to note the substantial improvements in project economics, which reflect the robustness and viability of the operation. The focus on sustainable and environmentally friendly practices aligns with our commitment to responsible mining. The use of gravity methods and the absence of cyanide or other chemicals in the processing plant underscore our dedication to minimizing environmental impact. We are confident in the project's prospects for future growth and its potential to become one of Australia's most sustainable gold mines.

Summary of Vertex Minerals Limited's Updated Pre-Feasibility Study

Vertex Minerals Limited (VTX) has released an updated Pre-Feasibility Study (PFS) for the Reward Gold Mine, demonstrating significant improvements in project economics and a commitment to sustainable practices. The study is based on a JORC Mineral Resource Estimate and a Probable Ore Reserve, indicating a strong foundation for future growth. The company plans to increase throughput up to 110 ktpa using environmentally friendly processing methods, with a focus on minimizing environmental impact. The project's strong economics, sustainable practices, and potential for future growth position it as a promising venture in the gold mining sector. The company's commitment to ESG principles and responsible business practices further underscores its dedication to ethical and sustainable gold production.