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The latest announcement is out from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ).
Native Mineral Resources Holdings Ltd. has announced promising assay results from its resource definition drilling at the Blackjack South pit in Queensland. The drilling has confirmed high-grade, shallow gold mineralization, with significant results from two of the first three holes, indicating deeper mineralization than previously thought. The company is conducting a 46-hole reverse circulation drilling program to delineate the mineralization and prepare for mine design work. With refurbishment of its Blackjack processing plant on track, NMR is poised to commence gold production in the coming months, potentially enhancing its market position and growth strategy.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited (ASX: NMR) is involved in the mining industry, focusing on gold exploration and production. The company is advancing its Blackjack Project in northern Queensland, aiming to restart gold production by the third quarter of 2025.
YTD Price Performance: 246.15%
Average Trading Volume: 2,002,203
Technical Sentiment Signal: Sell
Current Market Cap: A$111.6M
See more data about NMR stock on TipRanks’ Stock Analysis page.