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An update from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) is now available.
Native Mineral Resources has started 2026 with a record gold smelt at its Blackjack Gold Operations in Queensland, pouring six gold doré bars totalling 1,474.9 ounces on 28 January and taking cumulative gold outturn revenue to more than A$10 million. The company has recommenced drill-and-blast activities at the Blackjack pit following a mine design review, upgraded its technical services team to improve mine planning and grade control, and is finalising Stage 3 tailings storage facility works while progressing design for a Stage 4 lift and a new TSF to support medium- to long-term operations. Regionally, NMR is preparing to begin drilling at the Podosky prospect within its Ravenswood joint venture next week and continues development planning at its Far Fanning deposit near Charters Towers, which remains on track for potential mining from the fourth quarter of 2026 as part of a broader strategic plan for the Charters Towers portfolio.
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-focused mining company listed on the ASX, with key operations centred on the Blackjack Gold Operations in northern Queensland and a broader regional portfolio that includes the Granite Castle, Great Britain and Far Fanning deposits, as well as joint venture interests in the Ravenswood Gold Project. The company is advancing both near-term production and longer-term development projects, supported by investments in mine planning, technical services and tailings storage infrastructure to underpin sustainable growth in the region.
Average Trading Volume: 1,825,096
Technical Sentiment Signal: Sell
Current Market Cap: A$56.13M
Learn more about NMR stock on TipRanks’ Stock Analysis page.