Native Mineral Resources Starts Podosky Drilling to Fast-Track Ravenswood Gold JV

Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has issued an update.

Native Mineral Resources has begun a 21-hole grade control drilling program at the Podosky deposit within its Ravenswood Gold joint venture in Queensland, following completion of a cultural heritage survey with the Birriah People. The program is designed to verify historic drilling, define a JORC 2012-compliant resource and support mine planning, with mining targeted to start in March 2026 and ore to be trucked to the nearby Blackjack processing plant.

Under the joint venture terms, NMR will fund and execute drilling, mine studies and site operations, then be reimbursed from project revenue before sharing remaining proceeds equally with Haoma while continuing to process ore from its Blackjack and Far Fanning deposits. The tightly scheduled work program, including fast-tracked assays and rapid block modelling and pit design, is intended to bring Podosky into production in April–May 2026, potentially increasing throughput at Blackjack and strengthening NMR’s near-term gold production profile, subject to operational conditions.

The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.

More about Native Mineral Resources Holdings Ltd.

Native Mineral Resources Holdings Ltd. is an Australian mineral exploration and mining company focused on gold operations in northern Queensland. The company operates the Blackjack mine and processing plant and is expanding production through joint ventures, including the Ravenswood Gold Project with Haoma Mining NL.

Average Trading Volume: 2,477,741

Technical Sentiment Signal: Buy

Current Market Cap: A$104.1M

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