Native Mineral Resources Holdings Ltd. (AU:NMR) has released an update.
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Native Mineral Resources Holdings Ltd. (NMR) has strategically acquired the Far Fanning and Black Jack gold projects in Queensland, enhancing its portfolio with advanced, near-production assets. This acquisition, valued at $18.9 million, positions NMR in a resource-rich area with significant exploration potential, while maintaining a manageable cash flow and avoiding shareholder dilution. The deal includes valuable mining leases and a processing plant, with planned resource drilling to further boost development prospects.
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