I feel they will be very conscious of money until the Ocean Partner loan is activated but as they have plenty of low-hanging fruit it's worth them to target some straight away as they are quite low risk due to the amount of information they have on these targets.
For example the Fosters adit goes directly into the area the exploration target is defined where they have many exposed vein samples grading +100g/t using fire assay and many in excess of 500g/t using the screen fire assay technique. As there has been plenty of face sampling completed I'm pretty sure the initial 8 holes are going to drill directly at these veins as the locations of them are known its a no brainer.
"Upon commissioning of the LM90 drill rig, Vertex have planned eight drill holes to target the high-gradeFosters Exploration target"
There's plenty of information on the Fosters lode in the 29/08/2023 Exploration Target Estimate at Hill End announcement, for those who haven't had a deep dive of it yet ill leave a link below as it shows you why they are so eager drill it and as the veins are exposed they consider it to convert it into a resource quite easily.
https://www.aspecthuntley.com.au/docserver/02704166.pdf?fileid=02704166&datedir=20230829&edt=MjAyNC0xMC0wMSsxMzowOTowMCs0ODArMTI1NTAzNythbmRyZXd3ZXN0K3JlZGlyZWN0K2h0dHBzOi8vd3d3LmFzcGVjdGh1bnRsZXkuY29tLmF1L2ltYWdlc2lnbmFsL2Vycm9ycGFnZXMvcGRmdGltZW91dC5odG1sK2h0dHBzOi8vd3d3LmFzcGVjdGh1bnRsZXkuY29tLmF1L2ltYWdlc2lnbmFsL2Vycm9ycGFnZXMvcGRmZGVsYXllZC5qc3A=
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vertex minerals limited
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Ann: Acquires Rig to Advance Exploration at Reward below Resource, page-9
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Last
28.5¢ |
Change
0.005(1.79%) |
Mkt cap ! $57.48M |
Open | High | Low | Value | Volume |
28.0¢ | 28.5¢ | 27.0¢ | $118.5K | 432.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 73700 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.5¢ | 31850 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 73700 | 0.270 |
6 | 138480 | 0.265 |
4 | 120026 | 0.260 |
3 | 122253 | 0.255 |
5 | 199876 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.285 | 31850 | 2 |
0.290 | 26941 | 1 |
0.295 | 82160 | 2 |
0.300 | 74067 | 3 |
0.310 | 28000 | 1 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
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