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An announcement from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) is now available.
Native Mineral Resources has restarted mining at its Blackjack South open pit in Queensland, delivering fresh ore to the run-of-mine pad and aiming to improve plant feed grades and gold output after a pause since October 2025. The company plans to bring the nearby Podosky deposit into production in late April 2026, while ongoing drilling at Far Fanning is expected to inform a new mine design for a targeted 2027 start, supporting a multi-deposit mining pipeline.
Since mid-2025 the Blackjack plant has milled about 153,000 tonnes of ore and produced roughly 2,400 ounces of gold, with recoveries of 94–96% and strong mill utilisation, though grades have been constrained by reliance on lower-grade stockpiles. NMR is simultaneously advancing sterilisation drilling, tailings and water infrastructure, and broader project development across its Charters Towers assets to underpin long-term operational performance and capacity expansion.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Ltd. is an Australian gold producer focused on developing and operating gold mining assets in northern Queensland, including the Blackjack Processing Plant and the Charters Towers and Ravenswood joint venture portfolio. The company’s operations centre on open-pit mining, ore processing and associated infrastructure such as tailings storage facilities and water management to support sustained gold production and plant throughput growth.
Average Trading Volume: 2,820,234
Technical Sentiment Signal: Sell
Current Market Cap: A$54.94M
For an in-depth examination of NMR stock, go to TipRanks’ Overview page.