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Vertex Minerals Ltd. ( (AU:VTX) ) has shared an update.
Vertex Minerals Limited has successfully commenced the commissioning of its Reward Gold Mine, marking a significant milestone in its operations. The company has started processing gold ore through its newly installed gravity gold plant, with the first visible gold in concentrate already evident. The plant, which does not use chemicals or a ball mill, is praised for its environmentally sympathetic approach and advanced technology. The installation of the ore sorter module is progressing ahead of schedule, and the sale of the first commercial gold is expected in February. With various key personnel onboarded and a refining agreement in place, Vertex is poised for a transition to full production and commercial operation, which is expected to enhance cash flow and strengthen its position in the gold mining sector.
More about Vertex Minerals Ltd.
Vertex Minerals Limited operates in the mining industry, primarily focusing on gold extraction. The company is engaged in the development and operation of high-grade gold mines, with a focus on environmentally friendly and technologically advanced methods for processing gold ore.
YTD Price Performance: 9.52%
Average Trading Volume: 633,344
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$41.15M
Learn more about VTX stock on TipRanks’ Stock Analysis page.
