Sponsored

Vertex Minerals (ASX: VTX) initiates wet commissioning at Hill End Gold Plant

August 07, 2023 02:30 PM AEST | By Manisha
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

Highlights

  • Vertex Minerals has initiated wet commissioning at its Hill End Gold Plant.
  • The company is sourcing feed to the plant from nearby broken rock stockpiles.
  • VTX is working on expanding the plant as per Pre-Feasibility Study, for the high-grade underground Reward Gold Mine.

ASX-listed gold explorer Vertex Minerals Limited (ASX: VTX) has marked a significant milestone by starting wet commissioning at its Hill End Gold Plant gravity gold processing plant. The company is sourcing feed to the wholly owned and permitted plant from nearby broken rock stockpiles.

Commenting on the latest development, VTX Executive Chairman Roger Jackson said:

Metallurgy

The mineralogy of the gold mineralisation at Hill End is comparatively simple, says the company. Most of its gold is of high fineness and present within quartz veins having lesser sulphide content. 

As per the previous bench-scale test work, gold is gravity-recoverable from Hargraves samples. Also, extremely high recoveries were made. Importantly, recoveries over 90% can be made using a low-cost gravity recovery process plant. 

With the gravity separation plant present on site, recovery rates of 95% were achieved during previous periods of operation. Around 12,591 tonnes of ore at a grade of 15.9g/t was processed delivering 5,871 ounces of gold in 2009.

Crushed Stockpile material being fed into the Hill End Gold Plant.

Image source: company update 

Additionally, the company continues Stage 2, plant expansion work, aligned with the Pre-Feasibility Study and designed for the high-grade underground Reward Gold Mine. 

The updated Mineral Resource Estimate (MRE) for the Reward Gold Mine stands at 419,000 tonnes at 16.72g/t Au for 225,200oz Au.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.