Native Mineral Resources Secures $15.9M for Queensland Gold Production Restart

An update from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) is now available.

Native Mineral Resources Holdings Ltd. has successfully raised $15.9 million through a Shortfall Placement as part of its Entitlement Offer to fund the restart of gold production in Queensland. The funds will be used to develop the Far Fanning and Blackjack gold deposits and refurbish the Blackjack Processing Plant, with first gold production targeted for the third quarter of 2025. The placement received strong backing, including a significant investment from entrepreneur Wes Maas, reflecting confidence in the company’s assets and management team.

More about Native Mineral Resources Holdings Ltd.

Native Mineral Resources Holdings Ltd. is a company operating in the mining industry, focused primarily on the exploration and development of gold deposits. The company is advancing its projects in the Charters Towers region of Queensland, Australia, with a focus on bringing its Far Fanning and Blackjack gold deposits into production.

YTD Price Performance: 55.00%

Average Trading Volume: 1,069,547

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$33.53M

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