Vertex Minerals (ASX:VTX) Announcement Highlights

Vertex Minerals Limited (ASX:VTX) has announced the identification of further high-grade gold targets south of its Hill End Gold Plant and Reward Resource in Hill End, NSW. The company's LiDAR data has revealed multiple parallel gold-bearing quartz veins at the South Star group of mines, with potential for future feed. The company plans to conduct diamond drill programs at South Star, Fosters Exploration Target, and below the Reward Resource, aiming to build upon the existing Reward Resource. Additionally, the Reward Gold Mine PFS is expected to be finalized in December 2023, with the existing gravity processing plant located adjacent to the underground mine access point, requiring only stripping and refurbishment development.

Executive Director's Commentary

Vertex's Executive Director, Tully Richards, expressed the company's pleasure in announcing further exploration and resource development opportunities as the Reward Resource PFS nears completion. The ground truthing of LiDAR data around the South Star group of gold mines has revealed potential for further 'near mine' resource growth. The company is planning an extensive mapping and sampling program for summer, with drill program planning already underway.

Summary of Vertex Minerals Announcement

Vertex Minerals Limited (ASX:VTX) has identified high-grade gold targets south of its Hill End Gold Plant and Reward Resource, with plans for diamond drill programs at South Star, Fosters Exploration Target, and below the Reward Resource to expand the existing Reward Resource. The company's Reward Gold Mine PFS is expected to be finalized in December 2023, and the existing gravity processing plant is well-placed for a simple start-up, requiring minimal development. Vertex Minerals aims to advance the commercial production of gold from its projects in an ethical and environmentally sustainable manner, utilizing gravity separation and direct smelting techniques. The company also plans to explore renewable energy potential and establish benign tailings at its projects, emphasizing a responsible approach to resource development.