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Vertex Minerals Limited (ASX:VTX)

ALERT: Price-sensitive ASX Announcement for VTX
Current share price for VTX : $0.140 0.041 (41.41%)+
Announcement
Release
31 Jul 2026 11:44AM
Price at Release
$0.099
Full Release
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Summary
During the quarter ending 30 June 2026, Vertex Minerals Limited concentrated on underground development and decline rehabilitation at the Reward Gold Mine, completing significant work on Declines 1, 2, and 3. The quarter saw gold production of 195 ounces and sales of 217 ounces, generating $1.355 million in revenue. The company completed a $9 million convertible loan and launched a Share Purchase Plan. No new tenements were acquired or disposed of, and the quarter ended with a cash balance of $2.44 million. Bruce McInnes was appointed Executive Chairman.
Key Points
  • Vertex Minerals Limited focused on underground development and decline rehabilitation at the Reward Gold Mine during the June 2026 quarter.
  • Development activities included rehabilitation of Declines 1, 2, and 3, with long hole stoping planned to commence in October 2026.
  • Gold production for the quarter was sourced from development ore and airleg stope ore, with a total of 195 ounces produced and 217 ounces sold.
  • The company realized a revenue of $1.355 million from gold sales during the quarter.
  • A $9 million convertible loan funding was completed, and a Share Purchase Plan was launched aiming to raise $2.50 million.
  • No new mining or exploration tenements were acquired or disposed of during the quarter.
  • The cash balance at the end of the quarter was $2.44 million, with significant expenditure on mine development and capital works.
  • The company appointed Bruce McInnes as the new Executive Chairman.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.