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 Recent Insider Transactions • Jul 01
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$111k worth in shares. 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 Risk 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. 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 Board Change • Dec 24
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 • 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 Board Change • Aug 18
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. 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). Board Change • Feb 04
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. Board Change • Dec 24
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 • 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). Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (AU$23.5m market cap, or US$16.3m). 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 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 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). 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. 
