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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has issued an update.
Native Mineral Resources has reported further strong shallow high-grade gold intercepts from Phase 1 drilling at the Podosky deposit in northern Queensland, part of its Ravenswood Gold Project joint venture with Haoma Mining. Standout results such as 18 metres at 11.33 grams per tonne gold from 12 metres, including 1 metre at 101.10 grams per tonne, and 25 metres at 5.33 grams per tonne from 5 metres, confirm historical drilling and reinforce the view that Podosky mineralisation is shallow and potentially suitable for open-pit mining.
The company has moved into development planning, with geological modelling, pit optimisation, mine design and scheduling underway at both Podosky and the nearby Blackjack Project, targeting completion in March 2026. Native Mineral Resources aims to commence blasting and mining at Podosky and Blackjack from April 2026, trucking any Podosky ore to the Blackjack processing plant, while in parallel advancing approvals, tailings and waste facility planning, and broader project development workstreams across its Charters Towers and Ravenswood assets.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.08 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-focused exploration and development company listed on the ASX. Through joint ventures such as its partnership with Haoma Mining, it is advancing a portfolio of gold assets in northern Queensland, including the Ravenswood Gold Project and the Blackjack mine and processing plant.
Average Trading Volume: 2,854,373
Technical Sentiment Signal: Hold
Current Market Cap: A$86.74M
For a thorough assessment of NMR stock, go to TipRanks’ Stock Analysis page.