Vertex Minerals (ASX: VTX) has identified a fully developed stope block at its Reward Mine, supporting the early stages of underground production. Detailed geotechnical assessments and 97 face samples assayed for gold confirmed the stope's readiness, with grades reaching up to 42.5 g/t Au. The stope, containing an Inferred Resource of 2,075 tonnes at 17.8 g/t Au (approximately 1,189 ounces of gold), was not included in the 2024 PFS due to earlier uncertainties about accessibility.
Now validated through site inspections and sampling, this zone is accessible and suitable for airleg mining, complementing jumbo operations. The development marks a significant opportunity to add high-grade feed to the production schedule early, before the next Resource and Reserve updates. Vertex is advancing mine services and dewatering to initiate mining, highlighting the potential for rapid high-grade expansion.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
