Vertex Minerals pours Reward’s first on-site gold - Stockhead

AI desk brief

Vertex Minerals has poured its first on-site gold bar at the Reward mine in NSW, marking a step up from selling concentrate to a third-party refinery. The company says a new spiral wheel is improving concentrate quality for smelting, while narrower underground drives are cutting dilution by more than 20% and improving feed grade.

Reward produced 39oz and sold 44oz in September, with October output guided at about 100oz, rising to 150oz in November and 500oz in December. Vertex is targeting 24-hour mining, 12-hour processing, and ultimately 1,000oz/month or more, while 2027 drilling will look for depth extensions and remnant ounces to support a maiden ore reserve.