Vertex Minerals Produces 85 Ounces of Gold from Reward Gold Mine in New South Wales, Australia
2026-03-03 14:30
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In February 2026, the company mined 85 ounces of gold from its Reward Gold Mine located in New South Wales, Australia, generating total revenue of US$608,429. This represents an increase from the 70 ounces of gold produced in January. A revised development application for the Reward Gold Mine has been open for public review at the Bathurst Regional Council for two weeks. Once approved, it will support the mine's transition to 24/7 underground operations.

The company is committed to optimizing the mining process by reducing drive sizes to minimize dilution of high-grade veins, thereby improving mill feed grades. Current work priorities include rehabilitating Decline 1 and Decline 2, and advancing large-scale ore extraction in Decline 3. As one of the key mining fronts at the Reward Gold Mine, the Paxton vein is planned to have four development faces to accelerate progress.

In terms of equipment, a second loader is expected to arrive in Sydney on March 8, 2026, with another underground bird-type truck scheduled for delivery on August 26. An Aramine loader will provide remote-controlled backup support from October, ensuring full-scale mining operations proceed without production bottlenecks. The company is focused on exploring and developing large-scale gold deposits in New South Wales, aiming to become a significant contributor to the next generation of gold resources.

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