Like magic: Vertex Minerals reveals 337pc grade increase as it looks to restart Reward gold mine
Mining
Mining
Special Report: Vertex Minerals has announced a whopping 337.2% increase in grade during ore sorting to 16.22g/t gold as it gears up to restart the Reward gold mine in NSW.
Vertex Minerals (ASX:VTX) has now completed an ore sorting test program with TOMRA to assess the potential of upgrading the ore prior to further processing through the Hill End gravity gold mill. Low grade stockpiles have shown an excellent response to ore sorting with 79% mass reduction achieved with a corresponding gold recovery of 94%.
A 94kg sample from the low-grade stockpile at Reward yielded the following results:
Vertex believes the ore sorting technology can positively impact the sustainability and profitability of its operations at Reward by processing high-grade ore post sorting, resulting in reduced energy and water consumption, leading to lower operating costs and a reduced carbon footprint.
“The ore sorting results are compelling and confirm the Reward gold ore is perfectly suited for this technology,” Vertex executive chairman Roger Jackson said.
“By upgrading the Reward high-grade ore material to an even higher grade significantly enhances the potential of Reward by reducing processing costs and increasing the returns per tonne.”
The company says there’s even more room for potential improvement, with the tailings material volume able to be significantly reduced, leading to further ESG benefits and cost savings.
This article was developed in collaboration with Vertex Minerals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.