Native Mineral Resources Hits High-Grade Near-Surface Gold at Blackjack as Mining Restart Accelerates

Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has shared an update.

Native Mineral Resources has reported strong early assay results from its January 2026 shallow reverse circulation drilling program at the Blackjack Gold Project in Queensland, with 19 of the first 34 holes returning grades above the estimated 0.6 g/t gold cut-off and several narrow but very high-grade intercepts near surface. The drilling, which is aimed at improving grade confidence in previously under-defined areas and testing the outer boundaries of a planned new pit between the Blackjack Main and Newton Butler pits, confirms narrow high-grade mineralisation and a shallow extension of the historic lode system, and is expected to support an expanded pit outline with higher tonnage and grade. RC drilling is continuing alongside drill-and-blast activities as NMR restarts mining at Blackjack to underpin sustained mill feed, following refurbishment of its Charters Towers assets and initial gold production in 2025, including Blackjack’s largest gold pour to date in January 2026.

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 (NMR) is an Australian gold producer focused on restarting and expanding operations at its Charters Towers assets in Queensland, including the historic Blackjack gold project. The company operates shallow open-pit mines, targeting near-surface oxide mineralisation to supply sustained mill feed and support ongoing gold production following refurbishment of its regional infrastructure.

Average Trading Volume: 1,802,744

Technical Sentiment Signal: Sell

Current Market Cap: A$53.07M

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