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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has provided an update.
Native Mineral Resources Holdings Limited has executed binding sale agreements for its Palmerville Project in north Queensland, selling ten tenements to Diversified Mining and Resources Pty Ltd and Sympall Pty Ltd for a total consideration of $600,001. This divestment allows the company to concentrate on its Charters Towers operations, where it has commenced gold production at the Blackjack gold deposit and processing plant. The sale aligns with NMR’s strategy to focus on core assets and optimize its gold production capabilities, with proceeds providing additional working capital for ongoing operations.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited operates in the mining industry, focusing on gold production and exploration. The company is primarily involved in developing its Charters Towers assets in Queensland, Australia, and aims to create a central gold processing hub.
Average Trading Volume: 1,936,140
Technical Sentiment Signal: Sell
Current Market Cap: A$100.3M
See more data about NMR stock on TipRanks’ Stock Analysis page.