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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has issued an announcement.
Native Mineral Resources Holdings Limited has entered into a joint venture with Great Divide Mining to process ore from the Yellow Jack Gold Project at NMR’s Blackjack Operations. This collaboration aims to enhance NMR’s processing capabilities and output, potentially positioning the company as a key player in the region’s gold processing industry. The venture will see profits shared equally after costs, with GDM handling operational expenses. This agreement marks a strategic move for both companies, with NMR expanding its processing capacity and GDM securing a processing partner to advance its mining operations.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited (ASX: NMR) operates in the mining industry, focusing on gold production. The company is involved in processing ore at its Blackjack Operations in northern Queensland, aiming to become a central hub for gold processing in the Charters Towers region.
Average Trading Volume: 1,951,893
Technical Sentiment Signal: Sell
Current Market Cap: A$118.9M
Learn more about NMR stock on TipRanks’ Stock Analysis page.