Ore Production Update, Reward Gold Mine
Released
Released
Announcement PDF
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ASX ANNOUNCEMENT 9TH
APRIL 2026
ASX:VTX
ORE PRODUCTION UPDATE,
REWARD GOLD MINE
Operational Milestones
✓ Gold produced in March 2026 was 121 oz improving on 84 oz produced in February
2026. As of 31 March 2026, 44 oz of gold was on hand and available for sale.
✓ Gold sold for March 2026 was 89 oz, for $606,000 in gross revenue, improving on 85
oz sold in February 2026.
✓ Vertex purchased a modified rail, for both Epiroc Jumbos, from Resemin in Peru.
These “Muki” booms are industry tested to allow smaller drive sizes to reduce
dilution by >20% for the same size cut length, with a 3-month delivery timeframe.
✓ Vertex is in final negotiation stages to purchase a Muki LHBP from Resemin, a narrow
vein long hole rig. This machine will allow accurate blast hole drilling to support
production activities using the new smaller drive sizes. (Figure 1)
✓ The second Aramine loader is currently undergoing final fit out of Teleremotes in
Orange NSW and scheduled to arrive on site late April 2026, ready for long hole
stoping in October 2026.
✓ The second Bird underground truck is under construction to support these stoping
activities.
✓ Air-leg activities, targeting our high grade Paxtons Reef on the 671 level, are
continuing with first rise completed on the north front, before stoping commences.
Scrapers are being installed on the south front of the level.
✓ Backfilling of the first flatback stope at the bottom of Decline 3 has been completed
and the next lift is ready to commence.
✓ Scheduling improvements have been implemented to improve the number of
production mining fronts in our LOM. Accessing from Decline 2 will allow a centre
retreat mining sequence from the 600 level and set up for mining below the current
known resource.
✓ Ongoing improvements in the mill have seen the TOMRA achieving better than
99.5% recovery of quartz. Vertex has implemented a system to retrieve the little
quartz that was missed to ensure all is treated in the mill.
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Vertex Minerals Limited (ASX: VTX) (“Company”) is pleased to announce that its gold
production continues to rise, underpinned by increased underground stoping ore
and higher grades.
The emphasis remains on prompt rehabilitation of the declines to get to the lower
levels so long hole stope mining can commence from bottom up.
March 2026 has seen further production of gold, up from 84 ounces to 121 ounces,
noting most of this gold is still from development and airleg stope ore.
It is important to note that the development work taken to get to mining has taken
longer than first planned. The reasons for the delays were due to the ground
conditions in the declines and around our stopes. The ground, that had been
underwater for some 14 years when dewatered, had been found to be in poor
condition and unsafe to work in.
This meant the mining team had to strip the backs, bolt and mesh the declines and,
in spots, grout cables into the rock. The work is ongoing, but we are now able to
mine a limited number of stopes while deriving some grade from development
material.
Going forward, the Company expects to see the benefits from the establishment of
multiple mining areas and development levels for underground mining production.
Figure 1 Muki Production Drilling Rig
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This announcement has been approved by the Board.
Further Information:
Roger Jackson, Executive Chairman
roger@vertexminerals.com.au
Jim Simpson, Executive Director Operations
jim.simpson@vertexminerals.com.au
Tully Richards, Executive Director Geology
and Exploration
tully@vertexminerals.com.au
Follow Vertex Minerals on LinkedIn
Vertex Minerals Limited
ASX Code: VTX
ABN: 68 650 116 153
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Vertex Flagship Project
✓ Commenced gold processing in new Gekko gravity gold plant
✓ 100% owned mining operation
✓ No hedge
✓ High grade gold resource and reserve 225 ozs at 16.7g/t + more
✓ Inherited AU$25 million of underground development at Reward
✓ 1.8m Au ozs historic mining
✓ Reward sits just under the historic Hawkins Hill mine - 435kozs at 309 g/t Au
✓ Production has commenced on stockpiles.
✓ Underground development underway
✓ Up to 95% recovery by gravity processes only
✓ Big gold system – 25km + strike
Mineral Resource Estimate (MRE) for the Reward gold deposit at Hill End now stands at 419,000t
at 16.72g/t Au for 225,200oz Au1
:
Classification Cut-off Tonnes Au (g/t) Ounces
Indicated 4 141,000 15.54 70,500
Inferred 4 278,000 17.28 154,700
Total 4 419,000 16.72 225,200
Global Mineral Resource estimate for the Hill End & Hargraves Gold Project
Hill End Project Mineral Resource Estimate
Deposit Classification Tonnes Grade Contained
(kt) Au (g/t) Au (koz)
Reward Gold Mine
Indicated 141 15.5 71
Inferred 278 17.3 155
Sub Total 419 16.7 225
Hargraves Project
Indicated 1,109 2.7 97
Inferred 1,210 2.1 80
Sub Total 2,319 2.4 178
Red Hill Project
Indicated 413 1.4 19
Inferred 1,063 1.8 61
Sub Total 1,476 1.7 80
Project Total
Indicated 1,663 8.9 187
Inferred 2,551 8.6 296
Grand Total 4,214 8.7 482
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(VTX ASX Announcement 21 June 2023).
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FORWARD LOOKING STATEMENTS AND IMPORTANT NOTICE
This report contains forecasts, projections and forward-looking information. Although the
Company believes that its expectations, estimates and forecast outcomes are based on reasonable
assumptions it can give no assurance that these will be achieved. Expectations and estimates and
projections and information provided by the Company are not a guarantee of future performance
and involve unknown risks and uncertainties, many of which are out of Vertex Minerals’ control.
Actual results and developments will almost certainly differ materially from those expressed or
implied. Vertex Minerals has not audited or investigated the accuracy or completeness of the
information, statements and opinions contained in this announcement. To the maximum extent
permitted by applicable laws, Vertex Minerals makes no representation and can give no assurance,
guarantee or warranty, express or implied, as to, and takes no responsibility and assumes no
liability for the authenticity, validity, accuracy, suitability or completeness of, or any errors in or
omission from, any information, statement or opinion contained in this report and without
prejudice, to the generality of the foregoing, the achievement or accuracy of any forecasts,
projections or other forward looking information contained or referred to in this report. Investors
should make and rely upon their own enquiries before deciding to acquire or deal in the
Company’s securities.
JORC COMPLIANCE STATEMENTS
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.
COMPETENT PERSON’S STATEMENT
The information in this report that relates to Exploration Results and Exploration Targets is based
on information compiled by Mr. Roger Jackson, a Director and Shareholder of the Company, who
is a 25+ year Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM), Fellow of
the Australian Institute of Geoscientists (FAIG) and a Member of Australian Institute of Company
Directors. Mr Jackson is the Executive Chairman and a full-time employee of Vertex Minerals
Limited (“Company”), and a shareholder of the Company. Mr. Jackson has sufficient experience
which is relevant to the style of mineralisation and type of deposits under consideration and to
the activity which he is undertaking 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. Jackson consents to the inclusion of the data containedinrelevantresourcereports
used for this announcement as well as the matters, form and context in which the relevant data
appear.
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