Australian Gold Conference Presentation
Released
Released
Announcement PDF
Reward Gold Mine
Australian High-Grade Gold Developer & Producer
October 14, 2025
Corporate Presentation | Australian Gold Conference
ASX: VTX | OTCMKTS: VTXXF
02
ASX: VTX | OTCMKTS: VTXXF
Disclaimer
The information contained in this presentation has been provided by Vertex Minerals Ltd (Company) and other sources identified herein. The information contained in this presentation is for informational purposes only and
is not a recommendation as to whether to invest in the Company’s shares. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making
an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and tables
set out in this presentation are based on the Company’s management estimates. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information,
opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Company or, its directors, or any of their employees or agents, nor any other person accepts any liability,
including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is
given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, projections, prospects or returns contained in this presentation nor is any obligation assumed to update
such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Past performance is no guarantee of future performance. This presentation includes “forward-
looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”,
“estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding certain plans, strategies and objectives of management and expected financial
performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are outside the control of Vertex Minerals Ltd, and any of their officers, employees, agents
or associates. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on which those statements are based. Readers are cautioned not to
place undue reliance on forward-looking statements and the Company assumes no obligation to update such information.
Mineral Resource Statement
The Exploration Target is classified in accordance with the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (JORC, 2012). The Exploration Target Estimate was completed by Andrew
Hawker of HGS Australia. Mr Hawker has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as
defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Hawker consents to the inclusion in the report of the matters based on his information in
the form and context in which it appears.
JORC Compliance Statements
Information in this announcement is extracted from reports lodged as market announcements referred to in this presentation and available on the Company’s website http://www.vertexminerals.com.au/. The Company
confirms that it is not aware of any new information that materially affects the information included in the original market announcements and that all material assumptions and technical parameters underpinning the
estimates in the relevant market announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been
materially modified from the original market announcements.
03
Corporate Structure
260M
Shares on Issue
~$0.32
Share Price
119M
Options and
rights on Issue
~ $84M
Market Capitalization
undiluted (2025/09/25)
$3.5M
Cash
*Share Purchase Plan
** Recent Convertible loan Raise
*** Recent Placement
* ** ***$12.6m
ASX: VTX | OTCMKTS: VTXXF
ASX: VTX | OTCMKTS: VTXXF
✓No associated sulphide metals to speak of
✓Gold recovers up to 95% - by gravity only
✓No Cyanide No chemicals
✓23 fine gold
✓No gold in country rock
✓Textbook ore sorting
✓Recovers gold at 650 micron – no ball mill
✓Home of the world's largest gold specimen, the “Holtermann Nugget”
UNIQUE GOLD MINE
05
✓ Commenced Gold processing with new Gekko Gravity Gold Plant
✓ 100% owned
✓ No hedge - No Secured debt
✓ Low operating Cost
✓ High Grade Gold Resource and Reserve 225 ozs at 16.7g/t + more
✓ Inherited >AUD $50m of underground development
✓ 1.8M Au oz historically mined
✓ Reward sits below the Hawkins Hill Mine 435kozs at 309 g/t
✓ Up to 95% recovery by gravity processes only
✓ Big Gold System, ~34km with >3,000 old workings
Flagship Project for Vertex – Reward Gold Mine, Hill End
ASX: VTX | OTCMKTS: VTXXF
✓No associated sulphide metals to speak of
✓Gold recovers up to 95% - by gravity only
✓No Cyanide No chemicals
✓23 fine gold
✓No gold in country rock
✓Textbook ore sorting
✓Recovers gold at 650 micron – no ball mill
✓Home of the world's largest gold specimen, the “Holtermann Nugget”
UNIQUE GOLD MINE
Scratching the
Surface
21miles (34km) of
prospective strike that was
the source of the largest
Gold specimen ever to be
found globally - discovered
at Hill End
Most lodes only mined to
the water table 60ft (<20m)
LiDAR survey completed with
>3,000 surficial gold workings
identified over various lines of
lode
Only 0.5miles (800m) of strike
has been drilled and only down a
few hundred meters
ASX: VTX | OTCMKTS: VTXXF
08
Vertex
Strategy
• Re-install refurbished
Gekko Gravity Plant
PHASE 1 PHASE 2 PHASE 3
Foundations
(Late 2024)
• Gold production
from stockpiles
• Commence mining at
Reward Gold Mine
• Start at reduced throughput,
ramp up with ore sorting
Production Kick-off
( 2025)
• Aggressive drilling to expand
Hill End inventory
• Build robust ESG reputation
• Deliver shareholder value
• Establish as Australia’s most
prominent high-grade gold
miner
Growth & Leadership
(2025 →)
ASX: VTX | OTCMKTS: VTXXF
09
Gekko Gravity Gold Plant installed at Reward Gold
Mine with a TOMRA ore sorter
• Gold Room
• Water systems
• Power generation
The New plant is located
at the old plant site
Utilising the existing:
• Change Rooms
• Workshop
• Storeroom
• Jaw Crusher
• Access Roads
• Security System
• Offices
• Crib Room
ASX: VTX | OTCMKTS: VTXXF
TOMRA
Ore Sorter
Under $9M AUD total build cost
10
Textbook
Ore Sorting
Plant And Ore Sorter Up And Running
Reward Gold Mine ore sorts perfectly, with
79% mass reduction & 337.20% increase in
grade in the 8mm to 50mm range.
Refer to VTX ASX announcement 11 September 2024
ASX: VTX | OTCMKTS: VTXXF
Feeding of unsorted material
Detection by LASER technology
Separation by compressed air
Benefits of Gravity
Plant with Sorter
Efficiency & Automation
• Treats up to 110 ktpa
• Fully automated – can be run
from phone app
• Only 2 operators required →
lower costs
• Processes same ounces in
1/3 of the time
Sustainability
• No cyanide, no chemicals
• 50% less water use
• Only 1/3 of tails (sand
material) produced
• Lower power consumption
Safety & Security
• Full monitoring (density, flows, mass, sampling)
• State-of-the-art safety systems
• Ergonomic design
• Rigid gold security
• Sorter increases grade to gravity circuit
11
ASX: VTX | OTCMKTS: VTXXF
Reward
Gold Mine
12
ASX: VTX | OTCMKTS: VTXXF
Exploration Target at Fosters, approx. 400m south of
Reward Gold Mine. Fosters sits within ground already
covered by Vertex Mining Licenses and existing
Development Consent. Fosters is accessed by an
existing Adit and development drive.
A Long Life Expected
Beyond the Mine Plan
Exploration Target at Fosters, approx. 400m south of Reward
Gold Mine. Fosters sits within ground already covered by
Vertex Mining Licenses and existing Development Consent.
Fosters is accessed by an existing Adit and development drive.
Refer to VTX ASX announcement 5 July 2023
Reward Gold Mine – Fully developed and where Mining
Mine Ready for
Production
14
ASX: VTX | OTCMKTS: VTXXF Refer to VTX ASX announcement 3 June 2025
Reward Gold
Mine Financials
from PFS
At only AUD $3,000 (Based on ASX: VTX announcement 26 February 2024)
Note: based on Indicated Resource only –This is a JORC rule. (The model uses
50kozs of the 225kozs at 16.7 g/t)First 6 months day shift only at a reduced input.
Does not include stockpile processing
Project Life
2 years of minerals
processing activities
Gold Production
49,890 ounces
Gross Revenue
$150 million
CAPEX
$17 million Pre Production
AISC
AUD $1,833 per ounce
Total Employment
70 Full Time Employees
Free Cashflow
$41 million pretax
NPV at 7%
$33.3 million pretax
IRR
110% pretax
15
ASX: VTX | OTCMKTS: VTXXF
Based on Reserve 2-year production – Management Mine Plan 6 years
VTX PFS announcement 26th of February 2024 at gold price of $3000 Aud
16
MANAGEMENT LIFE OF MINE SEQUENCE
• The ultra high grade vein system that runs
down plunge of Reward Gold Mine
• To bring the Reward Resource into Indicated-
225 kozs@16.7 grams
• The exploration target
The diamond rig will be utilised to target
Vertex will carry out its
own resource development
utilizing its own rig
17
ASX: VTX | OTCMKTS: VTXXF
Environmental and Sustainable Mining Objectives
• Gravity Recoverable Gold
• Minimal grind (200–650 micron)
No ball Mill
• No chemicals – no cyanide
• Recovery of fine gold (to 23 µm)
Efficient &
Responsible Processing
• Low Capex and low operating cost
• Low water usage
• Re-usable water
Cost &
Resource Efficiency
• Benign tails with potential for
commercial sand
• Benign waste
• Minimal tailings compared to production
• No tailings dam required – dry stack
Environmentally
Friendly Tailings & Waste
18
ASX: VTX | OTCMKTS: VTXXF
01
Vertex Summary
Production & Assets
Australia’s next high-
grade gold producer
Team & Strategy
02
Hill End (1.8 Moz
historic production)
03
40 km from Cadia, one
of the world’s largest
gold mines
04
Underground mining
commenced
01
Blue chip exploration
ground in Australia’s
Lachlan Fold Belt
02
+3000 historic workings,
BIG system, largely
untapped
03
Talented, dedicated
operations team
04
Proven Board
& Management
20
ASX: VTX | OTCMKTS: VTXXF
Contact
Vertex Minerals
Roger Jackson
roger@vertexminerals.com.au
Head Office
Bowen Street Hill End
+61 2 7229 4849
Website
www.vertexminerals.com.au
Email
admin@vertexminerals.com.au
21
ASX: VTX | OTCMKTS: VTXXF
Tully Richards
Tully@vertexminerals.com.au
Hill End Project Mineral Resource Estimate
Deposit Classification Tonnes (kt) Grade Au (g/t) Contained Au (koz)
Reward Gold Mine
Indicated
Inferred
141
278
15.5
17.3
71
155
Sub Total 419 16.7 225
Hargraves Project
Indicated
Inferred
1,109
1,210
2.7
2.1
97
80
Sub Total 2,319 2.4 178
Red Hill Project
Indicated
Inferred
413
1,063
1.4
1.8
19
61
Sub Total 1,476 1.7 80
Project Total
Indicated
Inferred
1,663
2,551
3.5
3.6
187
296
Grand Total 4,214 3.6 483
Robust and
Primed to Grow
Gold Inventory
Where statements in this announcement refer to
exploration results which previously been reported,
the Company confirms that it is not aware of any
new information or data that materially affects the
information included in the original announcements,
and in the case of estimates of Mineral Resources,
that all material assumptions and technical
parameters underpinning the estimates in the
relevant market announcements continue to apply
and have not materially changed. The Company
confirms that the form and context in which the
Competent Persons’ findings are presented have not
materially modified from the original
market announcements.
Reward Gold Mine: 2.0g/t reporting cutoff grade
Hargraves: 0.8 g/t reporting cutoff grade (ASX Announcement 29 May 2020).
Red Hill: 0.5 g/t per block, ordinary kriging grade interpolation, classified mineral Resources Limited to 160mRL below surface. (ASX Announcement November 2015)
22
ASX: VTX | OTCMKTS: VTXXF
Refer to VTX ASX announcement 5 July 2023
Share your feedback
Discover