What's Happening?
Vertex Minerals is experiencing delays in its production ramp-up activities at the Reward Gold Mine due to ongoing stripping, rehabilitation work, and deliveries. The company has installed a new Aramine 350D loader, but communication between the loader and the tele
remote hut is not expected to be active until November 20. Despite these delays, Vertex achieved $197,000 in gold sales from development and production ore last week. The company is focused on mitigating these delays by mobilizing additional resources and streamlining development activities at the Amalgamated and Star of Peace 2 veins. Vertex Minerals will be attending the Noosa Mining Investor Conference from November 12-14, 2025.
Why It's Important?
The delays in production ramp-up at Vertex Minerals' Reward Gold Mine highlight the challenges faced by mining companies in maintaining timelines and operational efficiency. The installation of new equipment, such as the Aramine 350D loader, is crucial for increasing production capacity and achieving financial targets. The company's ability to generate significant gold sales despite these setbacks underscores the potential profitability of the mine once full operations are underway. The attendance at the Noosa Mining Investor Conference provides Vertex Minerals with an opportunity to engage with investors and stakeholders, potentially securing further investment and support for its operations.
What's Next?
Vertex Minerals is expected to activate communication between the new loader and the tele remote hut by November 20, which will enable the extraction of stope ore that has already been blasted. The company plans to continue mobilizing additional resources and implementing strategies to mitigate delays, such as purchasing additional scrapers and bringing forward the 1438 stope. The outcome of the Noosa Mining Investor Conference may influence future investment and operational strategies for Vertex Minerals.
