NSW Mining Investment Forum Presentation
Released
Released
Announcement PDF
Reward Gold Mine
Australian High-Grade Gold Developer & Producer
April 28, 2026
Corporate Presentation
ASX: VTX
NSW MINING INVESTMENT FORUM
02
ASX: VTX
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.
CORPORATE STRUCTUREe
Snapshot
VTX
ASX Code
286m
Shares on Issue
~$0.17.5
Share Price
144M
Options on Issue
ca. $50M
Market Capitalisation undiluted
$3M
Share Price
3
LISTED OPTIONS @ $0.15 EXP 17/07/2027 71,609,842
LISTED OPTIONS @ $0.25 EXP 17/07/2026 73,918,591
04
Directors and Management Great People Great Team
Directors
30+ years as a mine operator, services
contractor and explorer. He is a
geologist with strong knowledge of
gold exploration and mining
Roger Jackson
Experienced gold geologist based in
Orange, NSW. Mr. Richards is an
experienced minerals industry executive
with 30 years operational consultancy
and managerial experience.
Executive Chairman
Tully Richards
Executive Director Geology
and Exploration
Management Mining engineer with
over 30 years of experience from
discovery, through construction,
operations and mine closure.
Jim Simpson
Executive Director Operations
40+ years experience in company
secretarial and accounting.
Ian Morgan
Company Secretary
Vince Fayad & Kurt Lane
Joint CFO’s
Chris Hamilton
General Manager Operations
Alan Mills
Manager Commercial
Jeff Williams
Manager Maintenance
Tom Cowan
Mining Engineer
Mick Irwin
Safety Training
Casey Robinson
Environment
Management
Carl Clark
Mine Geology
Julian Geldard
Mine Geology
Rick Liang
Human Resources
ASX: VTX
05
✓ Commenced Gold processing with new Gekko Gravity Gold Plant
✓ Underground development and rehabilitation underway- moving to stope mining
✓ 100% owned
✓ Low operating Cost
✓ High Grade Gold Resource 225 ozs at 16.7g/t + more (refer page 19 of this presentation)
✓ 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, ~50km with >3,500 old workings
Flagship Project for Vertex – Reward Gold Mine, Hill End
ASX: VTX
✓Gold recovers up to 95% - by gravity only
✓No Cyanide, No chemicals, No Tails Dam, No PAF
✓Negligible sulphides
✓No gold in country rock = Textbook ore sorting
✓Recovers gold at 650 micron – no ball mill
✓Home of the world's largest gold specimen
UNIQUE GOLD MINE
Holtermann Nugget 286kg
AMONGST THE BIG GOLD SYSTEMS IN THE LACHLAN FOLD BELT
7
Scratching the Surface
50km 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
HILL END PROJECT POTENTIAL 4-5m Oz's
09
Vertex
Strategy
• Re-install refurbished
Gekko Gravity Plant
PHASE 1 PHASE 2 PHASE 3
Foundations
(Early 2025)
• Mine Rehabilitation
• Finish conversion from a
historic airleg mine to a
mechanised mine
• Commence development
mining at Reward Gold Mine
• Start at reduced throughput,
ramp up with ore sorting
• Commissioned Ore Sorter
with a target of 100%
recovery
Production Kick-off
(late 2025)
• Aggressive drilling to expand
gold inventory
• Aggressive development
and stope ramp up
• Make cash
• ramping up to 500 then 1000oz
per month over twelve months
with approvals permitting to
2000ozs
• Moving from one shift to two
shifts
• Deliver shareholder value
Growth
(2026 →)
ASX: VTX
$25m Preproduction cost
10
11
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
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
13
ASX: VTX
Reward
Gold Mine
14
ASX: VTX
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.
For further information please refer to ASX Announcement “Exploration Target Calculated for Fosters” (29 August 2023). The Exploration Target is conceptual in nature as there has been insufficient exploration to define a Mineral Resource. It is
uncertain if further exploration will result in the determination of a Mineral Resource under the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, the JORC Code” (JORC 2012). The Exploration Target is not
being reported as part of any Mineral Resource or Ore Reserve.
REWARD
MINING FLEET
WORKING ON
ORDER
TOTAL
2 1 3
1 1 2
3
2
Conventional
1 remote
1
1 remote
4
1 1
15
MINE PLAN
16
Mine Today
Mine 6 years time
Mine November 26
Stope Blocks
Following Development and rehabilitation of the Reward
Declines stope mining ramps up and the mine
production will build to 1000oz per month approvals
permitting. With longer term production looking to
2000ozs per month
Environmental and Sustainable Mining Objectives
• Gravity Recoverable Gold
• Minimal grind (200–650 micron)
• 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
• Local Workforce
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
17
ASX: VTX | OTCMKTS: VTXXF
Thank You
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
18
ASX: VTX | OTCMKTS: VTXXF
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 have 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 been 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)
19
ASX: VTX | OTCMKTS: VTXXF
Refer to VTX ASX announcement 5 July 2023
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