Native Mineral Resources Secures Investment for Queensland Gold Production Restart

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

Native Mineral Resources Holdings Ltd. has received a $2.26 million instalment from Australian entrepreneur Wes Maas, part of a $6.8 million investment under a shortfall placement. This funding is part of a larger $15.9 million raised to restart gold production in Queensland, with first production expected in Q3 2025. The investment will support the development of the company’s gold assets, including the refurbishment of the Blackjack Processing Plant and the advancement of the Far Fanning and Blackjack deposits. The initial results from the Blackjack drill program are promising, indicating high-grade shallow mineralization, and the company is focused on delivering long-term value for its shareholders.

More about Native Mineral Resources Holdings Ltd.

Native Mineral Resources Holdings Limited is a company involved in the mining industry, focusing on the development and production of gold assets. It is actively advancing its gold deposits in the Charters Towers region of Queensland, Australia, including the Far Fanning and Blackjack deposits, and is refurbishing its Blackjack Processing Plant.

YTD Price Performance: 79.49%

Average Trading Volume: 1,490,948

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$49.93M

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