Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has issued an announcement.
Native Mineral Resources has reported additional high-grade gold intercepts from Phase 1 drilling at the Podosky deposit, part of its Ravenswood Gold Project joint venture in Queensland. The company has updated its earlier announcement to improve the presentation of exploration results and ensure more complete JORC Table 1 disclosures for the market.
Key intersections from the latest drilling include 18m at 11.33g/t gold from 12m depth, with internal zones grading up to 101.10g/t, alongside several other shallow, mineralised intervals between surface and about 35m. These results reinforce the potential for a shallow, high-grade gold system at Podosky, supporting the project’s exploration upside and enhancing Native Mineral Resources’ position within the Ravenswood gold district.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.06 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 Australia-based exploration company focused on gold and other minerals, with key activities in Queensland. The company is advancing the Ravenswood Gold Project through a joint venture with Haoma Mining, targeting shallow, high-grade gold deposits such as the Podosky prospect on mining lease ML10315.
Average Trading Volume: 2,724,449
Technical Sentiment Signal: Sell
Current Market Cap: A$65.92M
Learn more about NMR stock on TipRanks’ Stock Analysis page.