Announcement • Jul 03
Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 8.598237 million. Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 8.598237 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 85,982,370
Price\Range: AUD 0.1 New Risk • Jun 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$22m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$22m free cash flow). Earnings have declined by 71% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m (AU$1.4m revenue, or US$997k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$34.4m market cap, or US$23.7m). Recent Insider Transactions • Jun 29
Executive Chairman recently bought AU$60k worth of stock On the 22nd of June, Bruce McInnes bought around 500k shares on-market at roughly AU$0.12 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth AU$73k. Bruce has been a buyer over the last 12 months, purchasing a net total of AU$87k worth in shares. New Risk • Jun 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 71% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m (AU$1.4m revenue, or US$997k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$34.4m market cap, or US$23.7m). Announcement • Jun 18
Vertex Minerals Limited Announces Board Changes, Effective June 18, 2026 Vertex Minerals Limited had appointed Bruce McInnes to the role of Executive Chairman and Director, effective June 18, 2026.McInnes is an accountant by profession with a degree in Commerce majoring in Accounting from the University of New South Wales. McInnes also a member of the Institute of Public Accountants and a member of the National Tax and Accountants Association Ltd. From 2007 until 2012 McInnes was the treasurer and a board member of TELSTRA CHILD FLIGHT. In mid-2013 McInnes was offered a position as a non-executive director on the board of ORD RIVER RESOURCES later known as VANGO MINING (an ASX listed exploration company). McInnes was moved rapidly to the position of Deputy Chairman (executive) of that company and in August 2014 became the Chairman (executive) of that company. During late 2022 McInnes was instrumental in organising the company (Vango Mining) to merge with CATALYST MINERALS (ASX listed), such merger being successfully completed in February 2023. Concurrent with Mr. McInnes’s appointment, Roger Jackson had transitioned from the role of Executive Chairman to Executive Director. Mr. Jackson will remain employed by the Company in this capacity, working closely alongside Mr. McInnes to ensure continuity of leadership and to provide ongoing executive services to Vertex during this transition. Recent Insider Transactions • Jun 12
Executive Chairperson recently bought AU$73k worth of stock On the 3rd of June, Roger Jackson bought around 551k shares on-market at roughly AU$0.13 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Roger's only on-market trade for the last 12 months. Announcement • Mar 25
Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 9 million. Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 64,285,714
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 21
First half 2026 earnings released: AU$0.023 loss per share (vs AU$0.009 loss in 1H 2025) First half 2026 results: AU$0.023 loss per share (further deteriorated from AU$0.009 loss in 1H 2025). Net loss: AU$5.77m (loss widened 348% from 1H 2025). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. New Risk • Mar 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$22m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$22m free cash flow). Earnings have declined by 71% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (AU$1.4m revenue, or US$1.0m). Market cap is less than US$100m (AU$47.3m market cap, or US$33.4m). New Risk • Jan 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 59% per year over the past 5 years. Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Revenue is less than US$1m (AU$288k revenue, or US$193k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$73.1m market cap, or US$49.0m). New Risk • Nov 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 59% per year over the past 5 years. Shareholders have been substantially diluted in the past year (103% increase in shares outstanding). Revenue is less than US$1m (AU$288k revenue, or US$188k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$75.8m market cap, or US$49.4m). Announcement • Oct 28
Vertex Minerals Limited, Annual General Meeting, Nov 28, 2025 Vertex Minerals Limited, Annual General Meeting, Nov 28, 2025. Location: at the offices of vince fayad & associates pty ltd, suite 116, level 1, 165 -167 phillip street, sydney nsw 2000, sydney Australia New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (108% increase in shares outstanding). Revenue is less than US$1m (AU$25k revenue, or US$17k). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (AU$108.9m market cap, or US$71.9m). Board Change • Jul 08
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Declan Franzmann was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jul 03
Sean Richardson Resigns as Non-Executive Director of Vertex Minerals Limited, Effective 2 July 2025 Vertex Minerals Limited advises that Mr. Sean Richardson has resigned as a Non-Executive Director, effective from 2 July 2025. Mr. Richardson advised that he will be focusing on new opportunities requiring a significant amount of his time and attention. New Risk • Mar 15
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$9.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.2m free cash flow). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (138% increase in shares outstanding). Revenue is less than US$1m (AU$42k revenue, or US$27k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$52.1m market cap, or US$33.0m). Announcement • Feb 11
Vertex Minerals Limited Appoints Sean Richardson as Independent Non-Executive Director Vertex Minerals Limited announced the appointment of experienced mining executive Sean Richardson as an Independent Non-Executive Director. Details of Mr. Richardson's qualifications and experience are as set out below. Sean Richardson is a mining professional with a career spanning over 30 years. Richardson experience extends from operations through to consultancy and managerial roles where he has been involved in the exploration and development of mineral projects in Australia, North America, Africa, South-East and Central Asia. Richardson's notable roles include Managing Director of Empire Resources (ASX:ERL), Chief Operating Officer for Bardoc Gold and Operations Manager for Shaw River Manganese. Richardson is passionate about the mining industry and its role in the advance of society, an enthusiasm that has led Mr. Richardson to a seek out and attain greater knowledge of the global minerals industry. Mr. Richardson holds a Master of Engineering Technology (Mining Engineering), a Master of Business Administration (Curtin), a Master of Science in Mineral Economics (WASM), a Graduate Diploma in Mining (WASM) and an Advanced Diploma in Engineering and Mine Surveying (TAFE). Richardson is also a Graduate Member of the Australian Institute of Company Directors (GAICD), a Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and a Member of Engineers Australia (MEIAust). New Risk • Jan 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (174% increase in shares outstanding). Revenue is less than US$1m (AU$72k revenue, or US$45k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$52.1m market cap, or US$32.7m). Announcement • Dec 25
Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5.1 million. Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 5.1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: AUD 0.17
Transaction Features: Rights Offering Announcement • Dec 05
Vertex Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.976 million. Vertex Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.976 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,100,000
Price\Range: AUD 0.16
Discount Per Security: AUD 0.0096
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Nov 29
Vertex Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.77 million. Vertex Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.77 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,277,333
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,847,667
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 23
Vertex Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.104 million. Vertex Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.104 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,900,000
Price\Range: AUD 0.16
Transaction Features: Subsequent Direct Listing New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (101% increase in shares outstanding). Revenue is less than US$1m (AU$53k revenue, or US$37k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (AU$23.5m market cap, or US$16.3m). New Risk • Sep 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (117% increase in shares outstanding). Revenue is less than US$1m (AU$53k revenue, or US$36k). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$22.4m market cap, or US$15.1m). Announcement • Aug 14
Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.77 million. Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.77 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 11,277,333
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 35,847,667
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Mar 21
Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.6832 million. Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.6832 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 46,039,999
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Feb 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$6.14m market cap, or US$4.01m). Announcement • Feb 15
Vertex Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.8 million. Vertex Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Feb 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$7.34m market cap, or US$4.79m). Minor Risk Shareholders have been diluted in the past year (37% increase in shares outstanding). Announcement • Feb 02
Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.8 million. Vertex Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.8 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.08
Discount Per Security: AUD 0.0048
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Announcement • Oct 17
Vertex Minerals Limited, Annual General Meeting, Nov 30, 2023 Vertex Minerals Limited, Annual General Meeting, Nov 30, 2023. Announcement • Oct 11
Vertex Minerals Limited Provides Further Update on Start-Up Operations At the Reward Gold Mine At Hill End Vertex Minerals Limited provided a further update on start-up operations at the Reward Gold Mine at Hill End. As previously announced, the Company has been refurbishing the Reward Processing Plant and this commissioning process provided the first gold in concentrate in August. Concentrate produced (which principally represents historical gold-in-circuit including material from sumps) has now been successfully refined on-site and smelted to a doré bar of approximately 0.5kg which is being delivered to the ABC Refinery in Sydney. Commissioning works to support the processing of stockpiled material adjacent to the plant site are now complete, with processing of stockpiled material now underway on a staged stepped-up approach. The plant has been run a few days a week on short shiOs, while other work was undertaken, including water supply systems, tails water re2cula2on, security systems, road works, infrastructure, and general op2misa2on. This work forms part of ongoing prepara2ons for future mine opera2ons, following the recent comple2on of a JORC- 2012 compliant Mineral Resource Es2mate (MRE) for the Reward Gold Mine by independent consultants HGS Australia (refer ASX Announcement 6 July 2023). New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.8m free cash flow). Revenue is less than US$1m. Market cap is less than US$10m (AU$10.7m market cap, or US$6.84m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Announcement • Feb 09
Vertex Minerals Limited Announces Drill Results for Red Hill and Hargraves Vertex Minerals Limited announced drilling results from the last of the Red Hill program and the first hole at Hargraves, at the recently granted EL 9485, which is, in turn, entirely surrounded by the company's existing EL6996. There has been no systematic exploration on EL9485 for many decades. It is considered highly prospective for continuation of quartz veins containing very high gold grades. illustrates Section A-A, which is on the Company's EL6996 and adjacent to the first Vertex drill hole at Hargraves and the new exploration license. The Section A-A shows a geological interpretation and the assay results from past drilling programs. illustrates Section B-B, which is a cross section through the new EL9485 and showing HRGD001, the first hole drilled by Vertex at Hargraves, with the down plunge continuation of quartz veining that represents the exploration target on EL9485. This down plunge extension of quartz veins is well founded at Hargraves, with an extensive drill database that supports the southerly plunge of the vein system. This trend is illustrated in Figure 4, and shows the upper exploration target where some depletion from historic mining is to be expected, plus two deeper exploration targets. The middle target is supported by drill data on either side of EL9485. The Hargraves drilling program is the Company's second drill program. Hargraves presents great potential for significant resource growth. The Company believes that there is compelling evidence that the Hargraves deposit is a robust deep plunging deposit, and the gold inventory will benefit from additional drilling. The Mineral Resource of the Hargraves Project stand at 177,000 ounces. Announcement • Jan 19
Vertex Minerals Limited Announces LIDAR Survey Provides Enhanced Targeting Data Vertex Minerals Limited advised that they have overlayed the LiDAR data, from the 2022 LiDAR survey, over known geological structures to provide clear and concise gold targets on their Hargrave and Hill End tenements. Vertex Minerals contracted Aerometrex Ltd. to undertake a LiDAR and Aerial Photographic survey in during the month of September covering an area of 162km2. The Hargraves and Hill End properties were surveyed with LiDAR and 10cm colour RGB aerial photography. The LiDAR was processed to yield a high resolution 50cm ground DTM. A high end RIEGL VQ-780ii Sensor was used for the survey. The LiDAR was flown with and minimum average 20 points per square metre with flying height of 1,000 metres to ensure 10 centimetre vertical accuracy. GeoCloud Analytics was contracted to undertake a detailed interpretation of the data, documenting historical mining evidence and mapping observed structures. The identification and accurate mapping of historical mining activity adds to the existing Government mines database and assist with correctly geo-locating Vertex's database of historical maps and sample data. The LiDAR identification of workings will benefit Vertex in two ways - better understanding of mineralisation and survey accurate location facilitating efficient prospecting. The Survey accurate location of historical workings identified in the LiDAR data gives Vertex Field staff confidence to plan and prospect. Despite best efforts of Government and Vertex compilation of mining activity from records and historical maps, the data is only as good as the map makers and cartographers creating them. The LiDAR data being tied to local survey benchmarks is highly accurate, giving Vertex staff 100% confidence the mapped mining activity is `where it is'. The mapped workings provided the Vertex Geology team greater insight into the extent of mineralization and prevalence of folded structures within the project. This data has provided numerous targets for field follow-up assessment for drill priority. The LiDAR data has been reprocessed to extract and highlight the dormant detail within, to produce an enhanced hillshade. The enhanced hillshade was consumed in 3D and draped on the DTM facilitating detailed interpretation- allowing the identification of structures such as structure, old workings, faults, silicious structures and outcrop. The source point clouds used to produce the DEM are interrogated via machine learning to locate pits and shafts. These features are mapped and further processed with cluster analysis to automate the generation of pit-chain strike vectors for structural trend study. Reprocessing of the DEM allows greater definition of bush access tracks and old drill pads, potentially enabling Vertex to minimize civil earthworks for drill site access and reduce environmental impact by re-using existing tracks and roads in the area. Announcement • Dec 03
Vertex Minerals Limited Announces Diamond Drill Rig on Site and Drilling at EL at Hargraves Vertex Minerals Limited announced a diamond drill rig is now on site and drilling at the recently granted EL at Hargraves and the company expects completion of the first hole this week. The rig is drilling on EL9485, a newly granted exploration license that divided the Hargraves Mineral Resource. There has been no systematic exploration on EL9485 for many decades. It is considered highly prospective for continuation of quartz veins containing very high grades of gold. Section A-A, which is on the Company's EL6996 and is adjacent to the new exploration license. The Section A-A shows a geological interpretation and the assay results from past drilling programs. Section B-B, which is a cross section through the new EL9485 with the down plunge continuation of quartz veining that represents the exploration target on EL9485. This down plunge extension of quartz veins is well founded at Hargraves, with en extensive drill database that supports the southerly plunge of the vein system. This trend shows the upper exploration target where some depletion from historic mining is to be expected, plus two deeper exploration targets. The middle target is supported by drill data on either side of EL9485. The Hargraves drilling program is the Company's second drill program undertaken at the Hill End Project. Hargraves presents great potential for significant resource growth. The Company believes that there is compelling evidence that the Hargraves deposit is a robust deep plunging deposit, and the gold inventory will benefit from additional drilling. The Mineral Resource of the Hargraves Project stand at 177,000 ounces. Announcement • Nov 28
Vertex Minerals Limited Receives A Further 4 Holes of Assay Results from the 1,500M Diamond Drill Program At Red Hill Vertex Minerals Limited has received a further 4 holes of assay results from the 1,500m diamond drill program at Red Hill. Drilling is being completed by specialist contractor "The Drillers" under the supervision of the Company's own geologists. The mineralisation demonstrates significant widths from surface which the Company believes is amenable to open pit mining techniques. The Red Hill drill program aims to increase the mineral resource within 75m of surface, which will provide the foundation of a low-risk production plan to restart processing operations at Hill End. The planned 1,500m diamond core drill program is targeting the stockwork and halo zones that have the great potential to add significant tonnage to the resource whilst improving amenability to bulk mining methods. Vertex will look to commence pegging Red Hill for a Mining Licence in the first quarter of next year. The Red Hill Mineral Resource forms approximately 1km of the 14km strike length at the Hill End Gold Project. The project has seen extensive historical mining, however, most of the previous workings were impeded by a high-water table. Consequently, the old workings at Red Hill are relatively shallow when compared to other areas of Hill End. Work completed in 2015 by Hill End Gold Limited culminated in a JORC 2012 resource estimate at the Red Hill Resource of 80,000 oz Au at 1.7 g/t to 150m depth. Announcement • Nov 21
Vertex Minerals Limited Announces the Granting of the Tenement El 9485 Vertex Minerals Limited announced the granting of the tenement EL 9485. The tenement was previously an `island' ML owned by others that divided the Hargraves Resource. The ML was cancelled by the Department of Regional NSW. Vertex has now been granted a permit to drill this prospective target. The rig will be mobilised this week to Hargraves from Red Hill. The planned drilling will be the Company's second drill program undertaken at the greater Hill End Project. Hargraves presents great potential for significant resource growth. The area to be drilled is in the middle of the existing resource area (and not included within the existing resource). The Company believes there is evidence the Hargraves deposit is a robust deep plunging deposit, and the gold inventory will benefit from additional drilling. Announcement • Nov 15
Vertex Minerals Limited Announces Great Drilling Results Continue At Red Hill Vertex Minerals Limited announced great drilling results continue at Red Hill. Key Highlights: Assay results have been received for the fourth hole (VRHD003) of the current 11 drill holes for 900 metres of a total 1500m drilling program. The 108m angled hole yielded gold grades up to 8.25g/t over a meter. Significant drill intercepts for hole VRHD003 include: 2m at 3.84 g/t from 42m down hole and 15m at 1.4 g/t from 67m down hole including: 1m at 8.25 g/t from 70m and 1m at 2.68 g/t from 77m and 1m at 1.30 g/t from 67m. Importantly shallow mineralisation with broad intersections has been drilled so far and includes the following significant drill intercepts from the first 3 holes: VRHD001 - 12m at 1.01 g/t from 4m down hole; Including 1m at 8.07 g/t from 15m. VRHD002 - 1m at 2.2 g/t from surface; 19m at 1.1 from 38m; and 1m at 5.37 from 38m. VRHD004 - 24m at 2.8 g/t from 74m; Including 16m at 3.78 g/t from 74m; Including 12m at 4.54 from 78m; Including 1m at 5.8g.t from 74m; Including 1 m at 30.8 g/t from 79m and 2m at 8.42 g/t from 106 and 1 m at 1.91 from 129m. The current drilling program is the first phase of a multi-stage drilling program. The Company has received its fourth hole results from the 1,500m diamond drill program at Red Hill. Drilling is being completed by specialist contractor "The Drillers" under the supervision of the Company's own geologists. The mineralisation demonstrates significant widths from surface which the Company believes is amenable to open pit mining techniques. The Red Hill drill program aims to increase the mineral resource within 75m of surface, which will provide the foundation of a low-risk production plan to restart processing operations at Hill End. The planned 1,500m diamond core drill program is targeting the stockwork and halo zones that have the great potential to add significant tonnage to the resource whilst improving amenability to bulk mining methods. The Red Hill Mineral Resource forms approximately 1km of the 14km strike length at the Hill End Gold Project. The project has seen extensive historical mining, however, most of the previous workings were impeded by a high-water table. Consequently, the old workings at Red Hill are relatively shallow when compared to other areas of Hill End. Work completed in 2015 by Hill End Gold Limited (HEG) culminated in a JORC 2012 resource estimate at the Red Hill Resource of 80,000 oz Au at 1.7 g/t to 150m depth. The Red Hill metallurgy is believed to be amendable to gravity recovery methods, with previous test work reporting liberation of more than 90% of the contained gold at a coarse grind size. The project boasts an existing 100% owned and permitted processing plant. Access to this existing plant and high metallurgical recovery presents Vertex with the opportunity to develop a low-cost gold mine with a small environmental footprint. Announcement • Oct 29
Vertex Minerals Limited Announces Completion of A Site Visit to the Taylors Rock Project in WA Vertex Minerals Ltd. announced the completion of a site visit to the Taylors Rock Project in WA. Pleasingly, most of the rock chips samples from historical RC drilling completed by Norilsk Nickel Australia were located. Norilsk only explored for nickel at Taylor Rock. Investigation of drill hole logs has shown significant intersections of pegmatites in several of the historic holes. These holes were not assayed at the time, presumably as they were not consideredprospective for nickel sulphides. Samples of the RC chips have been submitted to ALS in Perth for multi element XRF analysis. Results of this analysis are expected to be received in November and will be announced at that time. The directors have also been impressed by the nickel potential up and down dip from the previous intersections drilled by Norilsk. Vertex is planning a future exploration program for Taylor Rock that will include work to assess the lithium, nickel, and gold potential of the project. Announcement • Oct 07
Vertex Minerals Limited, Annual General Meeting, Nov 30, 2022 Vertex Minerals Limited, Annual General Meeting, Nov 30, 2022. Announcement • Sep 21
Vertex Limited Provides Update on Red Hill Gold Project Vertex Limited provided the following drill-program update at its Red Hill gold project. Diamond core drilling is progressing well with 326.8m drilled to date, with 4 holes logged and no samples submitted to date. The latest hole logged and drilled to 95m, and targeting 120m, was highlighted by the occurrence of visible gold. HoleVRHD004 at 74.2m over a 40mm zone. Drill core preparation is yet to be completed for the first 4 holes and assays from these are expected in 6-8 weeks. The Red Hill gold project forms part of the high-grade historic Hill End gold mining precinct. VRHD004 - Drill Hole Summary Log: Hole VRHD004 is dominated by semi massive fine to medium grained beds of sandstone inter bedded with siltstones and rare tuffs, conglomerates and greywackes. From 3.3-5.72 m/dh this hole intersected at a medium coarse grained grit sandstone marker bed which has not previously been seen in the current drilling program. This unit has been identified in previous drill programs by different companies. Stratigraphically overlaying the grit marker unit is a conglomerate consisting of semi-angular to angular and elongated pebbles to 40 mm in size. From 5.72 - 68.9 m/dh this hole is dominated by sandy lithologies occasionally interbedded by siltstone beds, small feldspathic tuff bands to ~300 mm in thickness, poorly sorted conglomerates with a medium grained sandstone matrix and medium to fine grained greywacke. Iron oxide coatings on fracture surfaces along with the dissolution of calcite from deep weathering that extends to considerable depth >70 m/dh. Alteration in this zone is dominated by weak to moderate silica alteration of the sandstones and greywackes. Weak chlorite alteration is restricted to the siltstone beds. Both the silica and chlorite alteration has been noted to be increasing in strength with depth. From 68.9 - 77.35 m/dh hosts interbedded siltstone/sandstone with beds up to 100 mm in thickness Moderate to strong silica and chlorite alteration dominates this interval. The interval from 71.24 m/d- 74.3 m/dh hosts three dark grey, fractured, pitted laminated quartz veins which range in size fro30 mm to 100 mm in thickness. These three veins have been recognised as being quite unique when compared to semi-massive to massive white quartz ± calcite veins observed further down hole. The veins lie approximately 3 m above the main lode and cross cutting vein package. Laminations observe within this set of veins hosts traces of chlorite and rare pyrite. These veins have been host to calcit but subsequent fracturing and weathering has dissolved the calcite leaving small open vugs to ~7 min width. The deepest of these veins is at 74.2 m/dh and hosts two open vugs that contain small flec of visible gold to 0.5 mm in size. From historical accounts of the mining and mineralization at Red Hit is thought hat these veins are what where being historically mined. The majority of massive lode type quartz veins lie from ~75.8 - 96 m/dh. These veins can be categorize in to two main assemblages and morphologies. The first and most dominant vein type is comprised massive white buck quartz with little to no contained calcite. These veins range in thickness from 4mm to ~300 mm. These veins host minor amounts of arsenopyrite and trace quantities of pyrite 0.1% of the vein mass. The second and less obvious veins observed are a set of thin, light grey, vitreo quartz stringer veins which appear to form a stockwork vein network. These veins cross cut botlithological boundaries and earlier massive quartz veins. These stringers host minor amounts arsenopyrite to no greater concentration of 0.3% of the vein mas. The interval from 75.8 - 96 m /dh is dominated by a continuous fine to medium grained silica alteres and stone unit with no observable bedding or grading can be identified. The presence of disseminate glomerophyric arsenopyrite up to 3 % has been observed in several zones from 80 - 96 m/dh. This hole has been designed to drilled on a steeper inclination of -65º in order to test for deep mineralization in the southern portion of the Red Hill mineralization. This hole is still currently be in drilled. DRILLING TO DATE: Resource diamond drilling commenced on at the Whites cross-course which is located at the southern end of the Red Hill deposit on the 23rd August 2022. To date 326.8 m has been drilled. The initial holes(VRHD001, VRHD002, VRHD003 and VRHD004) have been designed and drilled to infill previous exploration and later resource drilling programs completed by BHP in the late 1980's and Hill End Gold Ltd. in the late 2000's. The north-south strike of lode gold veining in Hill End goldfield is intersected by semi-regular crosscutting faults east-west which brittlely deform the host rocks and lode mineralisation. These east-west fault structures allow for introduction of secondary quartz stock work veins and gold mineralization to develop within the brecciated fault zones and overprint the primary north-south lode gold vein mineralisation. These crosscutting structures are locally referred at Hill End as `cross-courses' and these cross-courses have historically recoded the higher grades in the Hill End goldfields. The Whites cross-course is one of these enriched east-west crosscutting structures. Host lithologies in the rocks are predominantly fine-grained sandstone and greywacke with interbeds of shale to 500 mm thickness all of which overlay a sequence of fine grained turbidites which can number up to 14 sequences per metre. The Whites cross-course area is dominated by strong and deep weathering and oxidation to approximately 60 m/dh. Iron oxide coating fractures have been observed as deep as 75 m/dh in VRHD003.Vein morphologies and composition vairy from massive buck white quartz ± iron oxide, semi translucent grey quartz, quartz-calcite, quartz-calcite-chlorite, quartz-iron oxide vugs and selvages, quartz-chlorite and quartz-pyrite (±chalcopyrite) and quartz-arsenopyrite ± calcite. The main load presents its self as a mixture of laminated, crack seal, sheeted and stock work quartz +calcite ± chlorite veins ranging in thickness from 5 mm to ~700 mm. Glomerophyric arsenopyrite crystalline aggerates up to 7 mm across and <5% by volume and has been observed in a silica altered, fine-grained sandstone. This sandstone is unique in its appearance and is being used as a marker horizon between drill holes and sections. Arsenopyrite crystals and clots have been observed in crack seal quartz-calcite veins central located within the observed stock work vein package. Visible gold has been observed in a 40 mm wide grey, crack sealed quartz vein with minor carbonate, chlorite and iron oxides at 74.2 m/dh in hole VRHD004. This hole is currently being drilled. Announcement • Aug 25
Vertex Minerals Limited Recommences Red Hill Drilling Program Vertex Minerals Limited recommenced drilling at its Red Hill Gold project. The Red Hill Resource forms 1km of the 14km strike length at the Hill End Gold Project located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. The project has seen extensive historical mining, however, most of the previous workings were impeded by a high-water table. Work undertaken in 2015 by Hill End Gold Limited (`HEG') culminated in a JORC 2012 resource estimate at the Red Hill Resource of 80,000 oz Au @ 1.7 g/t to 150m depth. Drilling now planned to circa 1,500m HQ Diamond coring program. Red Hill Resource forms 1km of the 14km strike length of the Hill End Gold field. Red Hill has an existing resource of 80,000 oz Au @ 1.7 g/t to 150m depth. The Red Hill metallurgy is believed to be amendable to gravity recovery methods, with previous test work reporting recovery rates greater than 90%. The project boasts an existing 100% owned and permitted processing plant. Easy access to the existing plant and high metallurgical recovery presents Vertex with the opportunity to develop a gold mine with a very small environmental footprint. The planned 1,500m drill program will focus on targeting the stockwork and halo zones that have the greatest potential to add significant tonnage to the resource whilst improving amenability to bulk mining methods. Deeper targets identified at the prospect which will be examined during the program include the Frasers zone. Announcement • Jul 28
Vertex Minerals Limited Announces Exploration Progress Update Vertex Minerals Ltd. provides the following update on exploration activities at its Hill End Project. Vertex announced earlier this month that an RC drilling campaign had commenced at the Red Hill Gold project. The drill location has encountered a prolonged period of unusually high rainfall, with associated access and potential safety issues being encountered. As a result of these and other factors, Vertex has opted to temporarily suspend drilling operations. The Vertex management team considers safe and efficient drilling operations to be of paramount importance. The Red Hill drilling program will recommence once a suitable drill rig is available, and the Company is well advanced in negotiations to this effect. Red Hill has an existing resource of 80,000 oz Au at 1.7 g/t to a maximum depth of 150m below surface. The Mineral Resource at Red Hill forms 1km of the total 14km of mineralized strike length that comprises the Hill End Goldfield. The entire 14km is within the Company's mineral tenements. Additional components of the drilling and sampling campaign will now include sample collection for metallurgical test work, geotechnical analysis, and waste rock characterisation. These work elements are essential items for the progression of mining studies to support the application for a Mining Licence. Metallurgical test work will be undertaken to determine if the Red Hill Resource has the same recovery as achieved in previous processing operations at Hill End. Geotechnical work will improve the confidence around open pit slope design and stability whilst waste rock characterisation will enhance the knowledge associated with mine closure requirements. The Company will provide advice on the anticipated recommencement date once confirmed. The Red Hill Resource forms 1km of the 14km strike length at the Hill End Gold Project located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. The project has seen extensive historical mining, however, most of the previous workings were impeded by a high-water table. Work undertaken in 2015 by Hill End Gold Limited (HEG) culminated in a JORC 2012 resource estimate at the Red Hill Resource of 80,000 oz Au @ 1.7 g/t to 150m depth. Announcement • Jul 02
Vertex Minerals Limited Commences Drilling At Its Red Hill Gold Project Vertex Minerals Limited commenced drilling at its Red Hill Gold project. The Red Hill Resource forms 1km of the 14km strike length at the Hill End Gold Project located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. The project has seen extensive historical mining, however, most of the previous workings were impeded by a high-water table. Work undertaken in 2015 by Hill End Gold Limited (`HEG') culminated in a JORC 2012 resource estimate at the Red Hill Resource of 80,000 oz Au @ 1.7 g/t to 150m depth. The complete resource is summarised. The Red Hill metallurgy is believed to be amendable to gravity recovery methods, with previous test work reporting recovery rates greater than 90%. The project boasts an existing 100% owned and permitted processing plant. Easy access to the existing plant and high metallurgical recovery presents Vertex with the opportunity to develop a gold mine with a very small environmental footprint. The planned 1,500m RC drill program will focus on targeting the stockwork and halo zones that have the greatest potential to add significant tonnage to the resource whilst improving amenability to bulk mining methods. Deeper targets identified at the prospect which will be examined during the program include the Frasers zone. The planned drilling will be the Company's maiden drill program undertaken at the Hill End Project. Red Hill presents significant potential for exploration and resource growth in a neglected mining district of significant size, gold grade and unique amenability to gravity processing techniques. The drill rig is expected to be on site for up to 3 weeks. Announcement • Jun 04
Vertex Minerals Limited Grants A Permit to Drill the Initial 1,500 Reverse Circulation (`RC') Drill Program At the Red Hill Project Vertex Minerals Limited advised that it has been granted a permit to drill the initial 1,500 Reverse Circulation (`RC') drill program at the Red Hill Project commencing late this month. The Red Hill Resource forms 1km of the 14km strike length at the Hill End Gold Project located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. The project has seen extensive historical mining, however, most of the previous workings were impeded by a high-water table. Work undertaken in 2015 by Hill End Gold Limited (`HEG') culminated in a JORC 2012 resource estimate at the Red Hill Resource of 80,000 oz Au @ 1.7 g/t to 150m depth. The Red Hill metallurgy is believed to be amendable to gravity recovery methods, with previous test work reporting recovery rates greater than 90%. The project boasts an existing 100% owned and permitted processing plant. Easy access to the existing plant and high metallurgical recovery presents Vertex with the opportunity to develop a gold mine with a very small environmental footprint. The planned 1,500m RC drill program will focus on targeting the stockwork and halo zones that have the greatest potential to add significant tonnage to the resource whilst improving amenability to bulk mining methods. Deeper targets identified at the prospect which will be examined during the program include the Frasers zone. The planned drilling will be the Company's maiden drill program undertaken at the Hill End Project. Red Hill presents significant potential for exploration and resource growth in a neglected mining district of significant size, gold grade and unique amenability to gravity processing techniques. The drill rig is expected to be mobilised to site in the coming weeks with the drill program expected to confirm extensions to the resourced mineralisation. Announcement • Apr 26
Vertex Minerals Limited Announces Red Hill Drill Program to Commence Next Month Vertex Minerals Limited advised that it has signed a contract with drilling company BG Drilling Pty Ltd. (`BG') to undertake its initial 1,500 Reverse Circulation (`RC') drill program at the Red Hill Resource commencing in late May. The Red Hill Resource forms 1km of the 14km strike length at the Hill End Gold Project located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. The project has seen extensive historical mining, however, most of the previous workings were impeded by a high-water table. Work undertaken in 2015 by Hill End Gold Limited (`HEG') culminated in a JORC 2012 resource estimate at the Red Hill Resource of 80,000 oz Au @ 1.7 g/t to 150m depth. The Red Hill metallurgy is believed to be uniquely amendable to gravity recovery with previous test work reporting recovery rates greater than 90%. The project boasts an existing 100% owned permitted gravity plant which the Company plans to relocate and expand capacity, incorporating both the Hill End and Hargraves projects. Drilling at Red Hill is set to complement the current Hargraves resource as feed to the gravity plant - 177,652 oz Au @2.4 g/t Au. The existing gravity plant and the high recovery rates present Vertex with the opportunity to develop Australia's first truly environmentally sustainable gold mining projects. The planned 1,500m RC drill program will focus on targeting the stockwork and halo zones that have the greatest potential to add significant tonnage to the resource whilst improving amenability to bulk mining methods. Deeper targets identified at the prospect which will be examined during the program include the Frasers zone, where a previously drilled hole intersected mineralisation of 10.7m @ 13 g/t from 208m. The drilling contract with BG highlights an important milestone, in what will be the Company's maiden drill program undertaken at the Hill End Project. Red Hill represents an attractive first target for Vertex as it presents strong exploration upside in a neglected high grade gold corridor of significant size and grade, and uniquely gravity recoverable. The Company's vision at Hill End is to leverage the high recovery rate to create an ethical and environmentally friendly green gold project, incorporating the use of gravity concentration to direct smelting, and renewable energy. Announcement • Jan 13
Vertex Minerals Limited has completed an IPO in the amount of AUD 5.5 million. Vertex Minerals Limited has completed an IPO in the amount of AUD 5.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,500,000
Price\Range: AUD 0.2
Transaction Features: Carve-out Board Change • Dec 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
