Vertex Minerals (ASX: VTX) gears up for soil sampling over Lake Johnston tenement - Kalkine Media

November 29, 2023 02:16 PM AEDT | By Manisha
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  • Vertex Minerals is set to conduct a soils program across its 100% owned Lake Johnston, Taylor Rock tenement E63/2058.
  • Recent lithium discoveries in the area by other companies prompted VTX to undertake a soil sampling program at the tenement.
  • The soil sampling program is the best way to identify lithium bearing pegmatites.
  • Pre-Feasibility Study on the Reward Gold Mine is expected to be completed in December.

Vertex Minerals Limited (ASX: VTX) is planning to conduct a soils program across its 100% owned Lake Johnston Project, Taylor Rock tenement E63/2058. The company took the decision to undertake a soil sampling program at the tenement after considering the recent lithium discoveries in the area.

Taylor Rock is based 180km southwest of Kalgoorlie in the prospective central Lake Johnston Greenstone Belt where TG Metals (ASX:TG6) and Charger Metals (ASX:CHR) have made recent exploration success. At about 12km west of the tenement, TG6 recently confirmed the lithium potential of the Lake Johnson district. Also, CHR crossed a milestone at its Medcalf Prospect 30km southeast and Mt Day Prospect, 8km to the southwest of Vertex’s tenement.


  • The ASX-listed company has filed an Exploration Licence Application to add additional tenure in the Lake Johnston area – the designated E63/2400.
  • As per the geologists of the company, the very limited exposed pegmatites at Taylor Rock contain low lithium levels. With soil survey, there is a possibility to identify pegmatites bearing lithium.
  • The company is anticipating the Pre-Feasibility study being undertaken for the Reward Gold Mine to be completed in the month of December.

VTX shares soar

The shares of the company surged over 15% after the company announced to launch lithium soil survey at the tenement. The stock traded at AU$0.150 apiece at the time of writing on 29 November 2023.


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