tiprankstipranks
Company Announcements

Native Mineral Resources to Restart Gold Production in Queensland by Q3 2025

Story Highlights
  • Native Mineral Resources has acquired full ownership of significant gold projects in Queensland.
  • The company aims to restart gold production by Q3 2025, raising over $4.1 million for development.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Native Mineral Resources to Restart Gold Production in Queensland by Q3 2025

Discover the Best Stocks and Maximize Your Portfolio:

The latest update is out from Native Mineral Resources Holdings Ltd. ( (AU:NMR) ).

Native Mineral Resources Holdings Ltd. has secured 100% ownership of key gold projects in Queensland, including the Far Fanning and Blackjack deposits, through a binding agreement. The company is advancing refurbishment activities to restart production by Q3 2025, appointing key personnel and engaging contractors for site preparation. They have also raised over $4.1 million to fund these developments, demonstrating a strong commitment to enhancing their operational capabilities and market position.

More about Native Mineral Resources Holdings Ltd.

Native Mineral Resources Holdings Ltd. operates in the mining industry, focusing on the acquisition and development of mineral resources. The company is primarily engaged in gold mining and exploration projects, with a significant emphasis on its Charters Towers Gold Project in Queensland, Australia.

YTD Price Performance: 10.0%

Average Trading Volume: 1,089,485

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$21.82M

Learn more about NMR stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1