Highlights
- VTX has engaged Ground Control Engineering to advance a pre-feasibility study on Reward Gold Mine.
- Gekko Systems will perform metallurgical data review and deliver design and engineering works for the Gravity gold plant.
- The Reward gold deposit at Hill End is estimated to have a mineral resource of 419,000 tonnes at 16.72g/t Au for 225,200oz Au.
Vertex Minerals Limited (ASX: VTX) has kicked off a metallurgical review and design and engineering works for the Gravity Gold plant as part of a pre-feasibility study (PFS) for a gold operation at the Reward Gold Mine, Hill End, New South Wales.
For the PFS, the company has engaged Ground Control Engineering, while Gekko Systems has been engaged for the metallurgical data review and design and engineering of the Gravity gold processing plant,.
The Gekko study would provide details about the operating and capital costs of the gold plant.
The company highlighted that the PFS would be based on the indicated resources rather than inferred resources, delivering further exploration upside to the project.
VTX shares traded at AU$0.150 apiece at the time of writing on 17 October 2023.