Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has shared an announcement.
Native Mineral Resources Holdings Ltd. has received a second $2.26 million installment from Wes Maas, CEO of Maas Group Holdings, as part of a $6.8 million investment under a shortfall placement. This funding is part of a broader $15.9 million raised to restart gold production in North Queensland, with first production expected in Q3 2025. The investment strengthens NMR’s position in the industry and supports ongoing development and refurbishment efforts, with resource definition drilling set to commence at the Blackjack Project.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited is a company in the mining industry, focusing on gold production. The company is working on restarting gold production in the Charters Towers region of North Queensland, with key assets including the Far Fanning and Blackjack gold deposits and the refurbishment of the Blackjack Processing Plant.
YTD Price Performance: 194.87%
Average Trading Volume: 1,694,946
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$88.55M
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