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An announcement from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) is now available.
Great Divide Mining Ltd’s subsidiary, GDM Yellow Jack Pty Ltd, has entered into a joint venture with Native Mineral Resources Holdings Ltd to extract and process gold ore from the Yellow Jack Site. This partnership will see GDM responsible for mining and delivering the ore, while NMR will handle processing and sales, with profits shared equally after costs. This agreement marks a significant step in GDM’s strategic plan to transition from an explorer to a producer, enhancing its operational capabilities and potential cash flow.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Ltd (ASX:NMR) is an Australia-focused gold and base metals company with advanced projects in Queensland, including the Charters Towers Gold Project, Palmerville Project, and Maneater Hill Project. The company is involved in gold production and exploration for copper, zinc, silver, and lead.
Average Trading Volume: 1,951,893
Technical Sentiment Signal: Sell
Current Market Cap: A$118.9M
For an in-depth examination of NMR stock, go to TipRanks’ Overview page.