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Great Divide Mining Ltd ( (AU:GDM) ) has shared an announcement.
Native Mineral Resources Holdings Limited has signed a binding term sheet with Great Divide Mining Ltd to form a joint venture for processing ore from the Yellow Jack Gold Project at NMR’s Blackjack Operations in Queensland. This partnership will allow both companies to share profits equally after covering mining, transport, and processing costs, with GDM handling all site-based operational expenses. The collaboration is expected to enhance NMR’s processing capabilities and position it as a key player in the region’s gold processing industry, while providing GDM with a processing partner to advance its mining operations and generate near-term cash flow.
More about Great Divide Mining Ltd
Native Mineral Resources Holdings Limited (ASX: NMR) operates in the mining industry, focusing on gold production. The company is engaged in processing ore from its Blackjack and Far Fanning deposits in Queensland, Australia, and aims to expand its operations as a central hub for gold processing in the Charters Towers region.
Average Trading Volume: 39,479
Technical Sentiment Signal: Hold
Current Market Cap: A$16.26M
See more data about GDM stock on TipRanks’ Stock Analysis page.