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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) just unveiled an update.
Native Mineral Resources reported December quarter production of 929.42 ounces of refined gold from its Blackjack operation in Queensland, supported by strong plant performance with 95.3% recovery and a record gold doré pour in January that generated over $6.5 million in cash receipts. The company advanced key infrastructure, including a major tailings storage facility lift that secures capacity to around the June 2027 quarter, completed critical mill maintenance and spare parts procurement, and deferred a planned throughput upgrade to prioritise tailings development and operational reliability. Mining at the Blackjack South Pit was temporarily paused for pit design review, with drilling, blasting and mining scheduled to resume from late January and February 2026 under a refreshed geological model and integrated planning workflow. Far Fanning preparations continued with haulage of legacy stockpiles to the Blackjack plant and permitting for a 6,000m drilling program to position the project for potential mining in early 2027, while joint ventures at Ravenswood and Yellow Jack progressed toward drilling and development under profit-sharing structures. The company also advanced approvals and compliance milestones, including extended environmental approvals for Blackjack, progressive rehabilitation planning for Blackjack and Far Fanning, and the agreed divestment of Palmerville tenements to sharpen its focus on the Charters Towers production hub, collectively underpinning its medium-term growth and regional consolidation strategy.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Ltd is an Australian gold producer focused on its Blackjack gold operations in Queensland, supported by additional projects and joint ventures across the Charters Towers and Ravenswood regions. The company is expanding its resource base through projects such as Far Fanning, Granite Castle and Yellow Jack, while streamlining its portfolio via targeted divestments to concentrate on core gold mining and processing assets.
Average Trading Volume: 1,802,744
Technical Sentiment Signal: Sell
Current Market Cap: A$53.07M
For a thorough assessment of NMR stock, go to TipRanks’ Stock Analysis page.