Highlights for quarter
– Start of the activities at the Gold Mine Gravity Plant, with processing of low -quality stored Gouerts through the Gold Plant that is undertaken throughout the quarter, producing salable gold.
– During the quarter, Vertex remained aimed at moving the company to be operational for underground mining at the remuneration gold mine.
-VTX first stays on course to deliver first underground high-quality Gouderts to the Gravity Gold factory in Q3 2025, with commissioning and underground my readyness upright activities that progress as planned.
-VTX’s Technical Services team has identified a fully developed stop block with the start-up of the mining production.
o Stopes are suitable for Airleg Mining that will increase Jumbo production.
o Solid blocks contain a derivative source of 2,075 tons by 17.8 g/t au and is part of the estimate of the mineral source of 2023. With the bottom block with more than 700 tons by 42.5 g/t. The planned position width is the same as the interpretation of the mineralization
– Important management recovery, with personnel assignments complete for field team on site:
o Appointment of Mr Vince Fayad and Mr. Kurt Laney as joint CFOs
o Appointment of Mr Ian Morgan as a business secretary
o Specialist on-Site Technical Services Team now completely on board
– Receive solid obligations to collect around $ 11 million through a combination of stock placement and convertible note issue to institutional and advanced investors.
– Vertex registered office and main issues changed to the following address: 6 Bowen ST, Hill End, NSW, 2850.
– Vertex will run the mine, drilling equipment and the processing factory as the owner of an owner. Golden underground mining willingness
– first phase of underground specialist miners on board the opera model of the owner
O TD1 Jumbo -Exercise fully operational and underground operational
o installed primary ventilation
o First stopped development of dewatering completed
o Contrue explosive magazine
O installed water food
o Airlines installed and operational –
o 11kva power installation on the road
O Jumbo -boxes on site
– revised mining plan and schedule completed and ready to implement.
– Puls mining system installed and implemented.
– underground ore tested by gravitone plant
o The underground miners have tested a batch of 90 tons of development material with some Rifwarts through the gravity plant with transit that exceeds the expectation and beyond the nameplate of the map.
– Inx software installed and implemented
o Inx Software and Site Access Kiosks to go live on my site in August.
O Inx will improve the safety framework with real-time incident and injury reporting system.
o strengthens the access controls of the site for employees, contractors and visitors to the site.
– Sand Stack facility fully operational
o Facility that functions fully with the return water pump station installed and operational (water recycling)
O 57 Megalitre Turon River Water License Bought for Back -up Water Supply
– Environment and compliance implementation
o Multiple real -time security systems installed (dust, noise, vibrations)
– Underground drill location that is established
o Drill Cuddy (Room for Drilling Installation) Drilled and fired for Corner Diamond Rig Readiness
Improvements in Plant
– DSM – installed
– Gemini – Table improvements with new top and gearbox
– Process water pump upgrade
– Treatment of underground rock has demonstrated a higher transit of the plants
Vertex Minerals Executive Chairman, Roger Jackson, said:
“We are delighted to present our activity report for the quarter of June – another busy period in which our team worked seamlessly to coordinate the many moving parts involved in the redevelopment of the high -quality reward mine and associated processing facilities. During the quarterly, a different round of this Operational Milket is for both my -building in the Mijlbouw in the same use of our asset in the Mil building in the Mijlbouw in Pilpalen of our construction. transition to high -quality gold production ”
“As a result of the trust of investors in our development strategy, we were also pleased to complete a successful capital increase of $ 11 million during the quarter, so that the company is well financed to complete all pre-development works for the development of mining and processing, and completely unlock the value of this asset.
*To view the full quarterly report, visit:
https://abnewswire.net/lnk/ya65usaaa
About Vertex Minerals Limited:
Vertex Minerals Limited (ASX: VTX, OTC: VTXXF) is a gold exploration company established in Australia that develops its advanced Hargraves and Hill End Gold projects in the very potential Eastern Lachlan Fold Belt of Central West NSW. Other company resources are the Pride of Elvire Gold Project and Taylors Rock Gold/Nickel/Lithium Project both in the Eastern Goldfields of WA. The focus of Vertex minerals is to promote the commercial production of gold from its NSW projects that embrace an ethical and ecological sustainable approach.
Source:
Vertex Minerals Limited
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