VERTEX MINERALS LIMITED ersonal use only
VERTEX MINERALS LIMITED Hill End Presentation
High Grade Gold Mine
Aiming to have Green Credentials
J u n e 2022 | ASX: VTX
Disclosure and forward looking statements
Competent Persons Statement
The information in this report that relates to Mineral Resources is based on information compiled by Mr. Roger Jackson, a Director and Shareholder onlyof the Company, who is a 25+ year Fellow of the Australasian Institute of Mining and Metallurgy (FAusIMM) and a Member of Australian Institute of Company Directors. Mr. Jackson has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of
Exploration results, Mineral Resources and Ore Reserves". Mr. Jackson consents to the inclusion of the data contained in relevant resource reports used for this announcement as well as the matters, form and context in which the relevant data appears.
Disclaimer
useThis presentation contains forward-looking statements which are identified by words such as 'anticipates', 'forecasts', 'may', 'will', 'could', 'believes', 'estimates', 'targets', 'expects', 'plan' or 'intends' and other similar words that involve risks and uncertainties. Indications of, and guidelines or outlook on, future earnings, distributions or financial position or performance and targets, estimates and assumptions in respect of production, prices, operating costs, results, capital expenditures, reserves and resources are also forward-looking statements. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions and estimates regarding future eventsand actions that, while considered reasonable as at the date of this announcement and are expected to take place, are inherently subject to significant technical,
ersonalbusiness, economic, competitive, political and social uncertainties and contingencies. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the directors and management. We cannot and do not give any assurance that the results , performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to various risk factors that could cause actual events or results to differ materially from the events or results estimated, expressed or anticipated in these statements.
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VTX Structure
C ap ital S tru ctu re & C ash Po sitio n | |||
only | VTX | ||
ASX Code | |||
Shares | 48.7 m | ||
Options and performance rights | 8.5 m | ||
use | $5.3 m | ||
Market capitalisation ₁ | |||
Share price ₁ | $0.12 | ||
Cash ₂ | 6 .6% | $4.0 m | |
ersonal | $2 m | ||
EV (undiluted) | |||
Top 20 shareholders | 58.5% | ||
₁ A s a t 0 8 / 0 6 / 2 0 2 2 | ₂ A s a t 3 1 M a r c h 2 0 2 2 | 6 .2% | ||
S h are P rice an d Vo lu m e
0.200 | 3.0 | |||||
0.180 | ||||||
0.160 | 2.5 | |||||
0.140 | 2.0 | |||||
Volume(m) | ||||||
Price($) | 0.120 | |||||
0.080 | 1.5 | |||||
0.100 | ||||||
0.060 | 1.0 | |||||
0.040 | 0.5 | |||||
0.020 | ||||||
0.000 | 0.0 | |||||
1/17/2022 | 2/17/2022 | 3/17/2022 | 4/17/2022 | 5/17/2022 | ||
Volume | Share Price | |||||
D irecto rs | ||||||
Executive Chairman | Roger Jackson | |||||
Technical Director | Tully Richards | |||||
Director | Declan Franzmann |
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Location
N S W G o l d P r o j e c t s + WA G o l d & N i c ke l
P ro j e c t s in focus are located in the highly prospective
L a ch l a n Fold Belt of Central West NSW.
H i l l E n d
• High grade gold under ML's and EL's | |
• Historic resources prove exploration upside . | |
• Gold Strikes >14kms + 20km of ELAs | |
only | Red Hill resource of 80,000 oz Au @ 1 . 7 g /t* |
• | |
(currently to 150m depth) |
• | Red Hill drilling commences later this month |
• | Reward (Underground) being resourced now |
use |
H a r g r a v e s
A Total of 2.3Mt @ 2.38g/t A u for 177koz A u * in a c co rd a n c e with J O R C 2012 Code . ersonal
* Refer to Resource Table in Appendix
S i g n i f i c a nt exploration potential exists at b o t h p roj ec t s .
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Targeting high grade extensions
A M o d el fo r fo rm atio n o f h ig h - g rad e go ld sh o o ts
only•
•
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ersonal•
H i g h - grade mineralisation controlled by late stage, high - angle reverse faults . Similar to model to Bendigo - Ballarat/Fosterville .
5 unique mineralisation events identified .
High - grade repetitions are likely to occur where the high - angle reverse faults controlling mineralisation intersect additional bedding parallel lodes on stratigraphic positions above and below the defined mineralisation .
Multiple positions already defined6 .6% consistent with this model, forming a northerly plunge to the mineralisation .
Stacked, bedding parallel, reverse fault controlled mineralisation confirmed in backs mapping and
extensive face sampling program 6completed.2% during 2008 trial mining and underground mapping and sampling program .
Bendigo- Ballarat
O p e n n o r t h d o w n p l u n g e ( g r e e n )
I n d i c a t o r F a l t s ( R e d )
Hill End,
high angle "Indicator" reverse faults
High angle reverse faults
in 683 level mapping
425,000 ounces at approximately 300g/t Au
Hill End historical workings and face sample locations 5
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Vertex Minerals Ltd. published this content on 14 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2022 03:22:05 UTC.
