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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has provided an update.
Native Mineral Resources Holdings Ltd. has entered into a joint venture with Haoma Mining NL to develop the Ravenswood Gold Project in Queensland. As part of the agreement, the Ravenswood Gold JV will utilize six granted mining leases and leverage NMR’s Blackjack Operations as a processing hub. This partnership aligns with NMR’s strategy to process both third-party and internal ore, targeting operational efficiency and enhanced gold production. Profits will be shared between the parties after associated costs, reinforcing a sustainable growth trajectory and potential market positioning for both companies.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Ltd. is a company operating in the mining industry, focusing on the exploration and development of mineral resources in Australia. Its operations include processing ores from its Blackjack and Charters Towers projects, with a strategic emphasis on creating centralized processing hubs.
Average Trading Volume: 2,214,509
Technical Sentiment Signal: Sell
Current Market Cap: A$56.19M
For an in-depth examination of NMR stock, go to TipRanks’ Overview page.