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VTX - VERTEX MINERALS LIMITED


nipper
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Vertex Minerals Ltd (VTX) was incorporated on 01 June 2021 by its current parent company, Peak Minerals Limited (PUA). Following a strategic review by Peak Minerals of its assets, the company decided to demerge a number of its projects.

As a result, Vertex Minerals has entered into agreements to acquire:

(a) the Hill End Project, which is located in the region where the Beyers and Holtermann nugget, the largest single piece of reef gold ever discovered, was found and situated in the eastern Lachlan Fold Belt in New South Wales;
(b) the Hargraves Project, located approximately 30km north of Hill End, consisting of a 4km x 10km goldfield with numerous mineralised structures;
.c) the Pride of Elvire Project, located approximately 210km north of Southern Cross in Western Australia (by way of acquiring 100% of the issue capital of Spartacus Exploration Pty Ltd); and
(d) the Taylors Rock Project, located approximately 80km southwest of Norseman in the Southern Goldfields region of Western Australia.

The main objectives of VTX on completion of its ASX listing are:

(a) advance resource development and mining studies related to the Company Projects;
(b) focus on mineral exploration and other resource opportunities that have the potential to deliver growth for Shareholders;
(c) continue to pursue other acquisitions that have a strategic fit for the Company;
(d) systematically explore the Company Projects; and
(e) provide working capital for the Company.

 

Listing date 17 January 2022 ; 10:30 AM AEDT ##
Company contact details https://vertexminerals.com/
Principal Activities Mining exploration
   
Issue Price AUD 0.20
Issue Type Ordinary Fully Paid Shares
Security code VTX
Capital to be Raised $5,500,000
Expected offer close date 26 November 2021
Underwriter Not underwritten. CPS Capital Group Pty Ltd (Lead Manager).
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