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Vertex Minerals Ltd. ( (AU:VTX) ) has issued an announcement.
Vertex Minerals Limited has commenced underground ore production at the Reward Gold Mine, marking a significant transition to high-grade gold production. The company processed its first freshly-blasted ore and established multiple mining fronts, enhancing operational flexibility and production capacity. Key infrastructure developments, including a new power network and tele-remote loader, have been completed to support ongoing operations. The company is advancing its capital-raising program to strengthen its balance sheet and expand production capacity, positioning itself for sustained operational momentum through 2026.
The most recent analyst rating on (AU:VTX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Vertex Minerals Ltd. stock, see the AU:VTX Stock Forecast page.
More about Vertex Minerals Ltd.
Vertex Minerals Limited is an Australian gold producer operating in the mining industry. The company focuses on high-grade gold production, primarily through its Reward Gold Mine located in the Central Tablelands of New South Wales, within the Eastern Lachlan Fold Belt. Vertex holds a significant tenure across exploration and mining licenses, leveraging existing infrastructure to transition from exploration to production.
Average Trading Volume: 1,320,736
Technical Sentiment Signal: Hold
Current Market Cap: A$68.05M
See more insights into VTX stock on TipRanks’ Stock Analysis page.