Native Mineral Resources lifts gold output and advances Podosky start in Queensland

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

Native Mineral Resources has reported a 560oz doré gold pour from its Blackjack processing plant, bringing total ore milled to 138kt and reinforcing operational momentum despite mining at Blackjack being temporarily suspended for drilling and mine planning. With Far Fanning stockpiles providing current feed, the company expects a stronger production profile once higher-grade Blackjack ore mining restarts in the June quarter.

Development at the Podosky deposit is on schedule, with drilling, modelling and mine design completed, and first blast targeted for early April ahead of ore haulage to Blackjack from mid-April under a 12‑month exclusive mining right. NMR is simultaneously advancing key growth enablers, including tailings storage facility upgrades, environmental approvals, and new drilling programs at Far Fanning and Blackjack South, positioning the business for increased throughput and longer-term expansion in Queensland gold operations.

The most recent analyst rating on (AU:NMR) stock is a Sell 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 the Charters Towers and Ravenswood regions in northern Queensland. The company operates the Blackjack processing plant and sources ore from deposits including Blackjack, Far Fanning and the newly secured Podosky gold project, aiming to build a flexible, multi-source production profile.

Average Trading Volume: 2,655,862

Technical Sentiment Signal: Sell

Current Market Cap: A$62.63M

Learn more about NMR stock on TipRanks’ Stock Analysis page.