Vertex Minerals (ASX:VTX) has secured $4.5 million in loan facilities to support the accelerated ramp-up of its high-grade Reward Gold Mine in Hill End, New South Wales.
The funding comes through two arm's-length agreements: $3 million from an existing shareholder and $1.5 million from Monaco-based investor Global ESG Investments.
The loans will provide additional liquidity to fund underground development, plant optimisation, and working capital during gold production and sales cycles.
Vertex expects repayments to be made from positive operating cash flow in 2026, contingent on operational performance and gold sales.
Vertex has already achieved early production milestones, including the delivery of the first doré bar and production of gold concentrate during plant commissioning.
Underground mining commenced in August, with tele-remote systems now supporting high-grade stope operations.
Executive Chairman Roger Jackson said, "We are very pleased to announce the debt funding facilities, which reinforce the strengths of the Reward Gold Mine and support the Company’s growth plans."
The Reward Gold Mine, Vertex’s flagship asset, currently holds a total mineral resource of 419,000 tonnes at 16.72 g/t Au for 225,200 ounces of gold.