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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has issued an update.
Native Mineral Resources Holdings Limited has successfully raised A$10 million through a share placement to fund the ramp-up of gold production at its Blackjack plant in Charters Towers, Queensland. The funds will be used for plant commissioning, expansion studies, and resource drilling, as the company aims to enhance its production capabilities and fulfill the potential of its assets. The successful first gold pour at Blackjack, ahead of schedule, marks NMR as a promising player in the gold production sector, with significant support from new and existing shareholders.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited is a company operating in the mining industry, focusing on gold production. The company is listed on the Australian Securities Exchange (ASX) under the ticker NMR and is involved in gold production at its Blackjack processing plant in North Queensland, Australia.
Average Trading Volume: 2,046,642
Technical Sentiment Signal: Buy
Current Market Cap: A$167.6M
See more insights into NMR stock on TipRanks’ Stock Analysis page.