Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) has issued an announcement.
Native Mineral Resources Holdings Ltd. is set to commence a significant resource definition drilling program at its Blackjack Gold Project in Queensland, aiming to restart gold production by Q3 2025. The drilling will involve up to 46 reverse circulation holes to delineate mineralisation and aid in mine design, with results expected by late April. This initiative is part of NMR’s broader strategy to capitalize on high gold prices and enhance its understanding of the Blackjack South area, potentially unlocking value from its advanced gold assets.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited (ASX: NMR) is a company engaged in the exploration and development of mineral resources, with a focus on gold production. The company is working on restarting gold production at its Blackjack Gold Project in Queensland, Australia, and is involved in refurbishing a gold processing plant to support its operations.
YTD Price Performance: 123.08%
Average Trading Volume: 1,512,075
Technical Sentiment Signal: Sell
Current Market Cap: A$66.99M
For a thorough assessment of NMR stock, go to TipRanks’ Stock Analysis page.