Vertex Minerals Prolongs Share Purchase Plan Deadline to 27 July 2026 to Boost Capital Raise

Vertex Minerals Extends Share Purchase Plan to Enhance Shareholder Participation

Vertex Minerals Limited has extended its Share Purchase Plan closing date from the original 22 July 2026 to Monday, 27 July 2026. This extension offers eligible shareholders additional time to consider and engage with the company’s capital raising initiative. Initially announced on 1 July 2026, the extension reflects management’s goal to maximize shareholder participation. The added five-day period accommodates shareholders needing extra time to submit applications and arrange funding.

The Share Purchase Plan is a key capital raising strategy for Vertex Minerals as it advances operations at the Reward Gold Mine. By prolonging the closing date, the company ensures shareholders have ample opportunity to participate without time pressure, potentially increasing uptake from its registry. This approach aligns with best practices in capital management, enabling systematic application assessment and smooth processing during the extended timeframe.

Discounted Share Price and Eligibility for Vertex Minerals Shareholders

Eligible shareholders can subscribe for fully paid ordinary shares at $0.10 per share under the Share Purchase Plan. This price represents an 86.7% level of the 5-day volume weighted average price of $0.1154 and an 83.3% level of the last closing price of $0.12 prior to the plan announcement on 1 July 2026. The discount incentivizes participation while maintaining fairness to existing shareholders.

Participation is limited to shareholders registered as of 5:00pm AEST on Tuesday, 30 June 2026 (Record Date) with addresses in Australia or New Zealand. Each eligible shareholder may subscribe for up to $30,000 worth of shares regardless of current holdings. Importantly, no brokerage or transaction fees apply, lowering acquisition costs for investors. These criteria promote equitable access across the shareholder base.

Capital Raising Target and Company Discretion in Share Purchase Plan

The Share Purchase Plan targets raising up to $2,500,000. While the exact number of shares to be issued is not disclosed, the $0.10 issue price implies significant issuance. The company retains discretion to accept oversubscriptions or scale back applications, providing operational flexibility in managing the raise.

These discretionary terms enable Vertex Minerals to respond dynamically to demand and market conditions. If applications exceed the target, the company may proportionally reduce allocations or accept all oversubscriptions. Early closing is also an option if beneficial. Results will be announced on Monday, 3 August 2026, with share issuance the same day prior to noon Sydney time.

Reward Gold Mine: Vertex Minerals’ Principal Asset and Production Progress

The Reward Gold Mine, 100% owned by Vertex Minerals, is located in the historic Hill End goldfield in Central West New South Wales. The company has begun gold processing using a gravity gold plant achieving a 95% recovery rate, indicating efficient extraction. Underground development continues to support production ramp-up, underpinning the capital raise objectives.

The Reward Gold Mine’s Mineral Resource Estimate totals 419,000 tonnes at 16.72 g/t gold, equating to 225,200 ounces at a 4 g/t cut-off. This includes 141,000 tonnes at 15.54 g/t (70,500 ounces) of Indicated resource and 278,000 tonnes at 17.28 g/t (154,700 ounces) of Inferred resource. Vertex’s global Mineral Resource across all projects stands at 482,000 ounces at 8.7 g/t, comprising 187,000 ounces Indicated and 296,000 ounces Inferred. These figures were detailed in the company update dated 21 June 2023 titled "Resource Upgrade 225,200oz at 16.72g/t Au for the Reward." Funds raised will support ongoing development and production activities.

Gold Sector Fundamentals and Strategic Location Benefits

Operating in the gold mining sector, Vertex Minerals benefits from gold’s historic resilience driven by inflation hedging, currency factors, and geopolitical influences. The Reward Gold Mine’s location in the established Hill End goldfield offers operational advantages including existing infrastructure, geological knowledge, and regional expertise, reducing capital and operational risks.

Australia’s stable regulatory environment, skilled workforce, and market infrastructure support Vertex’s production advancement. The 95% recovery rate from the gravity gold plant and ongoing underground development signal management’s confidence in the asset’s long-term viability and contribution to shareholder value.

Share Purchase Plan Timetable and Administrative Details

The revised timetable includes the Record Date of Tuesday, 30 June 2026; announcement and ASX lodgement on Wednesday, 1 July 2026; cleansing statement on Tuesday, 7 July 2026; Offer Booklet dispatch and opening on Wednesday, 8 July 2026; extended closing on Monday, 27 July 2026; and results announcement and share issuance on Monday, 3 August 2026 before noon Sydney time with Appendix 2A lodgement.

Dates are indicative and may change at the company’s discretion. Shareholders are encouraged to apply early to avoid processing delays. Regulatory filings ensure ASX compliance and market transparency. Any timetable changes will be communicated via official ASX channels.

Vertex Minerals’ Capital Management and Financial Strategy

The Share Purchase Plan reflects Vertex Minerals’ capital management approach during the Reward Gold Mine’s production ramp-up. The $2,500,000 target aligns with operational funding needs, though specific financial metrics were not disclosed. Opting for equity over debt financing suggests a preference for balance sheet flexibility.

The closing date extension may respond to shareholder feedback or operational considerations, aiming to maximize participation. Discretion to accept oversubscriptions provides upside flexibility while capping dilution. Raised capital will directly support Reward Gold Mine development and production goals.

Risks and Considerations for Investors in Vertex Minerals

Investors should consider operational risks including sustaining the 95% recovery rate, managing underground development, and achieving production targets. Mineral resource estimates carry geological uncertainty. Gold price volatility and market demand impact economic viability. The production ramp-up phase entails elevated execution risks.

Exploration risks exist due to inferred resources comprising 296,000 ounces with higher uncertainty. Regulatory and environmental compliance risks are inherent, with potential impacts from changes in Australian regulations. Share price volatility is typical for junior gold miners, and the $0.10 issue price may not fully mitigate downside risk if market conditions worsen.

Investor Participation Instructions and Next Steps

Eligible shareholders should review the Share Purchase Plan Offer Booklet dispatched on 8 July 2026, available on the ASX platform. The booklet details terms, application instructions, and company information. Applications must be submitted by Monday, 27 July 2026, with early submission advised to avoid delays.

Results will be announced on Monday, 3 August 2026, with share issuance the same day before noon Sydney time and Appendix 2A lodged. Shareholders may contact Vertex Minerals at +61 2 7229 4849 or [email protected] for further information. The announcement is approved by Executive Chairman Bruce McInnes, Executive Directors Roger Jackson and Jim Simpson, and Director Tully Richards.