Vertex processes first ore for early gold Reward

Stockheads01-20

Vertex checks off more milestones ahead of first sales at the Reward gold mine Gekko plant ideally suited to produce sustainable ounces from very high-grade resource Diamond rig on the way to extend ...

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Pic: VTXLittle risk for RewardWhile Vertex has other prospects within its Hill End and Hargraves project in the gold M&A hotspot of the Lachlan Fold Belt, getting to production from the super high-grade 419,000t at 16.72g/t Reward resource was a simple decision with gold prices now over $4300/oz.Vertex believes the Gekko plant is ideally suited to the free milling, high-grade ore, and would also reduce water demands as it looks to boost margins on its ounces.The company isn’t the only gold junior to leverage record prices and enter early production, and while the pre-feasibility study covers just two years of processing, Vertex believes it can continue to build on a high-grade inventory throughout mining.VTX is set to acquire its own diamond rig to begin expanding the resource once in production and up its own presence in a corner of New South Wales that Jackson believes is ripe for a mining revival.That first cash is yet to hit the bank, but the VTX ticker nevertheless enjoyed a share price bump of close to 20% in early trading.This article was developed in collaboration with Vertex Minerals, a Stockhead advertiser at the time of publishing.This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. 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