Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has issued an update.
Native Mineral Resources Holdings Ltd. announced successful initial drilling results at its Blackjack Gold Project in Queensland, confirming shallow, high-grade gold mineralization. The drilling program aims to validate historic data and is part of the company’s strategy to restart gold production at Charters Towers by Q3 2025. The results suggest potential for increased mining beyond initial plans, supported by a stronger gold price environment. The company is refurbishing its Blackjack gold processing plant and remains on track to achieve gold production, which could enhance its market positioning and stakeholder value.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited (ASX: NMR) is a company involved in the exploration and development of mineral resources, with a focus on gold production. The company is advancing its projects in Queensland, Australia, particularly the Blackjack Gold Project, and aims to commence gold production in the third quarter of 2025.
YTD Price Performance: 69.23%
Average Trading Volume: 1,478,744
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$47.08M
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