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Native Mineral Resources Holdings Ltd. ( (AU:NMR) ) just unveiled an announcement.
Native Mineral Resources Holdings Limited is set to commence an 18-hole diamond drilling program at its Blackjack Gold Project in Queensland, following a review by MEC Mining indicating significant near-surface mineralisation. With a recent capital raise of $14.9 million, including significant investment from Maas Group Holdings, NMR is advancing its gold production plans, with expectations to restart in Q3 2025. The drilling aims to confirm the reliability of historical data to JORC 2012 standards, marking a strategic step in unlocking the economic potential of its gold assets.
More about Native Mineral Resources Holdings Ltd.
Native Mineral Resources Holdings Limited (ASX: NMR) is involved in the mining industry, focusing on gold production. The company has assets in the Charters Towers region, including the Blackjack Gold Project, where it aims to restart gold production.
YTD Price Performance: 15.00%
Average Trading Volume: 1,077,299
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$27.06M
See more insights into NMR stock on TipRanks’ Stock Analysis page.
