Vertex Minerals (ASX:VTX) makes a strong case for sustainable gold mining opportunity

Highlights

• Modern-day consumers and investors are becoming increasingly conscious of the sustainability practices of mining companies.
• Vertex Minerals’ (ASX:VTX) Hill End and Hargreaves Gold Projects provide exposure to an Australian gold mining opportunity that is truly environmentally sustainable.
• VTX is committed to discovering and developing multi-million-ounce gold deposits and intends to expand its gold inventory to exceed 1 million ounces.

In recent years, we have seen increased concerns from consumers as well as investors towards understanding if the products they buy have been responsibly produced or if the companies they invest in are environmentally conscious. This trend has been noted across all sectors as there is an increased demand for responsibly and sustainably sourced products.

In the gold mining industry, the focus is being put on developing and instituting approaches to support sustainable gold mining and comply with responsible business practices throughout the complete gold supply chain.

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VTX’s sustainable gold mining opportunity

Australia-based gold explorer Vertex Minerals Limited (ASX:VTX) aims to advance the commercial production of gold from its New South Wales projects by employing an ethical and environmentally sustainable approach.

The Company is driven by a mission to deliver value for its stakeholders and communities through the mineral discovery, development, and production.  

Source: VTX Presentation 17/01/22

Impressively, VTX’s Hill End and Hargreaves Gold Projects provide exposure to an Australian gold mining opportunity that is truly environmentally sustainable.

VTX’s sustainable gold production approach

VTX believes that the challenge of sustainable gold is far beyond just achieving commercial gold production without the use of cyanide. It rather includes ensuring value creation is not only ethical but also environmentally sustainable across all aspects of its production.

VTX’s ethical and environmentally sustainable approach comprises the following characteristics/techniques:

• Direct Smelting: Cyanide as a solvent is no longer required with the use of direct smelting of gold concentrate.
• Gravity Separation: The use of gravity separation techniques at the Hill End Project enables high recovery of concentrate produced.
• Contrast in Density: The separation techniques benefit from the contrast in the density of gold (ρ=19.3) relative to quartz (ρ=2.65).
• Renewable Energy: The unique landscape and infrastructure make Hill End ideal for the establishment of renewable sources of power.

Source: VTX Presentation 17/01/22

The Company believes that these attributes offer a distinct positioning for VTX as Australia’s first truly environmentally sustainable producer of green gold.

RELATED ARTICLE: Meet the team driving Vertex Minerals’ (ASX:VTX) sustainable gold mining strategy

Strong commitment to developing multi-million-ounce gold deposits

VTX shares a strong commitment to the discovery and development of the next generation of multi-million-ounce gold deposits within the NSW and Western Australian goldfields.

Furthermore, the Company aims to evolve into a mining company through its journey of discovering and developing a portfolio of assets into safe, profitable and sustainable operations.

Source: VTX Presentation 17/01/22

Moreover, VTX also intends to expand its gold inventory exceeding 1 million ounces, which will move the company to a multi-million ounces producer.

VTX’s Board holds significant experience in exploration development and mining of gold deposits across Australia. The Company’s focus will be on the development of its advanced and highly prospective gold projects in Australia.

Read: Meet the team driving Vertex Minerals’ (ASX:VTX) sustainable gold mining strategy