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Native Mineral Resources Holdings Ltd.
(Sydney:NMR)
Native Mineral Resources Holdings Ltd. (NMR) vs. iShares MSCI Australia ETF (EWA)
Native Mineral Resources Holdings Ltd. Business Overview & Revenue Model
Native Mineral Resources Holdings Ltd. Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.78M | 0.00 | 0.00 | 0.00 | 30.67K | 271.00 |
| Gross Profit | -12.23M | -86.89K | -38.23K | -44.47K | -116.31K | -7.31K |
| EBITDA | -30.18M | -14.84M | -3.67M | -3.68M | -4.56M | -3.66M |
| Net Income | -32.31M | -16.18M | -3.74M | -3.73M | -4.60M | -3.67M |
Balance Sheet | ||||||
| Total Assets | 43.37M | 37.92M | 159.62K | 565.97K | 723.97K | 2.14M |
| Cash, Cash Equivalents and Short-Term Investments | 11.25K | 13.47K | 10.46K | 306.84K | 449.96K | 2.05M |
| Total Debt | 17.52M | 16.57M | 1.13M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 34.49M | 27.92M | 1.89M | 371.27K | 225.93K | 142.14K |
| Stockholders Equity | 8.88M | 10.00M | -1.73M | 194.70K | 498.04K | 2.00M |
Cash Flow | ||||||
| Free Cash Flow | -26.11M | -18.92M | -2.91M | -3.45M | -4.71M | -3.24M |
| Operating Cash Flow | -11.99M | -11.22M | -2.87M | -3.43M | -4.55M | -3.20M |
| Investing Cash Flow | -13.10M | -7.72M | -31.31K | -26.28K | 12.77K | -44.70K |
| Financing Cash Flow | 24.59M | 18.94M | 2.62M | 3.31M | 2.94M | 5.29M |
Native Mineral Resources Holdings Ltd. Technical Analysis
Native Mineral Resources Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | AU$170.45M | 146.12 | 0.67% | ― | ― | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | AU$502.81M | 3.21 | 15.33% | ― | 6.70% | ― | |
51 Neutral | AU$288.18M | -4.82 | -53.29% | ― | ― | ― | |
47 Neutral | AU$163.02M | -14.15 | -19.34% | ― | ― | -10.08% | |
46 Neutral | AU$76.91M | -0.66 | -342.18% | ― | ― | -49.48% | |
44 Neutral | AU$139.90M | -11.76 | -37.71% | ― | ― | 25.00% |
Native Mineral Resources Holdings Ltd. Corporate Events
Native Mineral Resources has confirmed that all resolutions put forward at a shareholder-requisitioned general meeting held on 16 March 2026 failed to pass. The requisitioning shareholders, who had called the meeting under the Corporations Act, did not attend in person, and the resolutions were decided by poll.
Shareholders voted against changing the company’s name to Solidus Gold Limited and against removing existing directors or appointing new ones nominated in the resolutions. The outcome preserves the current board and corporate structure, signalling continued support for existing management and strategy amid the attempted board and governance changes.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Ltd. has released its financial report for the half-year ended 31 December 2025, providing investors with consolidated statements of financial position, profit or loss, cash flows and changes in equity. The report includes a directors’ report and an independent auditor’s review, reinforcing governance and transparency as the company updates stakeholders on its mid-year financial performance.
The inclusion of an auditor’s independence declaration and review report underscores the company’s adherence to regulatory and reporting standards that are critical for market confidence. For shareholders and potential investors, this half-year disclosure offers an important checkpoint on financial health and capital management in the context of the company’s ongoing operational and strategic activities.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
S&P Dow Jones Indices has updated its March 2026 quarterly rebalance decisions for the All Ordinaries index on the ASX, reversing earlier plans to add African Gold Limited and remove American Rare Earths Limited. The revised outcome confirms that American Rare Earths will remain in the index, while African Gold will stay out, alongside the inclusion of a wide slate of additional companies spanning mining, energy transition materials, technology, media, and medical devices.
The changes, effective before trading on March 23, 2026, broaden the index’s exposure to critical minerals, energy transition commodities, and emerging growth names, potentially influencing capital flows into these stocks through index-tracking funds. By retaining American Rare Earths and adding multiple resource-focused and innovative companies, the rebalance underscores continued investor and benchmark attention on battery metals, critical minerals, and diversified growth sectors within the Australian market.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Ltd has issued 750,000 new fully paid ordinary shares following the exercise of unlisted options at an exercise price of $0.02 per share, with the securities issued under an ASX Listing Rule 7.2 exception and without a disclosure document under the Corporations Act. The company noted that its weekly infill and resource drilling program remains ongoing, with samples progressively submitted for assay to support resource definition, grade control and mine planning, but stressed that current drilling information is incomplete and not yet suitable for release under ASX and JORC requirements.
NMR confirmed it is compliant with its continuous disclosure and financial reporting obligations and that there is no additional excluded information requiring disclosure in relation to the new share issue. The cleansing notice accompanying the issuance is intended to ensure that the new shares can be traded on-market, while the company refrained from providing any assurances or statements about the outcome of the ongoing drilling activities.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Ltd. has applied for the quotation of 750,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of March 9, 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly increase the company’s free float and may enhance liquidity for shareholders without materially altering its market profile.
This issuance reflects the ongoing utilisation of equity-linked incentives or financing structures within the company’s capital management strategy. While the scale of the new shares is limited relative to typical market capitalisations in the sector, it nonetheless represents incremental equity dilution and signals continued operational or financing activity supporting its mineral exploration objectives.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources has reported further strong shallow high-grade gold intercepts from Phase 1 drilling at the Podosky deposit in northern Queensland, part of its Ravenswood Gold Project joint venture with Haoma Mining. Standout results such as 18 metres at 11.33 grams per tonne gold from 12 metres, including 1 metre at 101.10 grams per tonne, and 25 metres at 5.33 grams per tonne from 5 metres, confirm historical drilling and reinforce the view that Podosky mineralisation is shallow and potentially suitable for open-pit mining.
The company has moved into development planning, with geological modelling, pit optimisation, mine design and scheduling underway at both Podosky and the nearby Blackjack Project, targeting completion in March 2026. Native Mineral Resources aims to commence blasting and mining at Podosky and Blackjack from April 2026, trucking any Podosky ore to the Blackjack processing plant, while in parallel advancing approvals, tailings and waste facility planning, and broader project development workstreams across its Charters Towers and Ravenswood assets.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
S&P Dow Jones Indices has announced the March 2026 quarterly rebalance of the S&P/ASX equity indices, triggering a series of additions and removals across the S&P/ASX 20, 50, 100, 200 and 300 benchmarks. The reshuffle reflects changing market capitalisations and liquidity profiles, with gold and resources stocks featuring strongly among the new entrants, and is likely to drive portfolio adjustments by index funds and benchmark-aware investors as the changes take effect on March 23, 2026.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Limited has disclosed that a group of previously substantial shareholders has ceased to hold a substantial position in the company, following the sale of 200,000 fully paid ordinary shares by investors Gary Lee Suckling and Linda Margaret Lawson on 30 January 2026. The change in holdings, formally notified under Australian Corporations Act disclosure rules, signals a reduction in concentrated ownership but does not involve any new associations or shifts in control, suggesting only a routine adjustment in the company’s shareholder base rather than a strategic or operational development.
The notice, signed by substantial holder Nicholas Lonsdale, confirms there were no new associates or changes in association related to the voting securities of Native Mineral Resources Limited. For investors and other stakeholders, the filing primarily provides transparency on equity movements and reinforces ongoing compliance with substantial holding disclosure obligations, with no immediate indication of impact on the company’s day-to-day operations or strategic direction.
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.
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.
Native Mineral Resources has made early repayments on its finance facility with Collins St Convertible Notes Pty Ltd, linked to its 2024 acquisition of Charters Towers assets. The company has paid $1.92 million to cover the February and March 2026 instalments ahead of schedule, leaving about $15.79 million outstanding, with the next payment due at the end of April 2026.
The prepayment does not alter the facility terms or incur penalties, and scheduled repayments will continue. Management says the move demonstrates strong operational cash flow and prudent capital management, allowing debt reduction while preserving working capital to advance the Blackjack Gold Project and broader Charters Towers gold assets.
The company remains focused on growing gold production from Blackjack, which began output in mid-2025, and on developing the Far Fanning and Granite Castle deposits. Its goal of establishing a central gold processing hub in the Charters Towers region underscores a strategy to consolidate processing, enhance efficiencies and reinforce its regional gold sector position.
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.
Native Mineral Resources Holdings Limited has announced changes to the interests of director James Walker, reflecting the conversion of vested rights and options into fully paid ordinary shares. Through his indirect holdings in Burrill Skies Pty Limited
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Limited has disclosed a change in the interests of director Blake Cannavo, whose holdings are held indirectly through BOC Holdings Pty Ltd and a related family account. Cannavo has exercised a total of 43 million previously issued unquoted options into ordinary shares at exercise prices of $0.02 and $0.04, increasing his indirect shareholding to 215,918,792 shares while reducing his unquoted options balance, with the exercises undertaken pursuant to prior shareholder approvals, thereby further aligning his equity stake with the company’s long-term performance.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Limited has disclosed a change in the interests of director Philip Gardner, who has increased his direct shareholding through the exercise of previously issued options. Gardner converted 10 million unquoted options, exercisable at $0.02 each, into 10 million ordinary shares, lifting his direct holdings to 19 million shares while his indirect holdings, held via Sutton Gardner Pty Limited as trustee of the Sutton Gardner Super Fund, remain at 8 million shares. The transaction, executed under prior shareholder approval, shifts Gardner’s exposure from options to ordinary equity, modestly tightening the company’s free float and further aligning the director’s interests with those of other shareholders.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources has received a $1.62 million capital injection after its board members exercised unlisted options into fully paid ordinary shares, with Managing Director Blake Cannavo contributing $1.22 million and Non-Executive Chair James Walker and Non-Executive Director Phil Gardner each investing $200,000. The directors’ decision to convert options is being positioned as a strong endorsement of the company’s strategy and future prospects, bolstering the balance sheet and providing additional working capital to advance its Queensland gold projects and central processing hub ambitions, while signalling closer alignment between the board and shareholders.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Ltd has expanded its capital base by issuing 63,460,000 new ordinary fully paid shares following the exercise of a series of options and the conversion of vested performance rights. The new shares, which rank equally with existing stock, were issued without a full prospectus under exemptions in the Corporations Act, with the company confirming its ongoing compliance with continuous disclosure and financial reporting obligations, a move that reinforces its regulatory standing while modestly diluting existing shareholders as it secures additional equity capital.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Ltd. has applied to the Australian Securities Exchange for quotation of 63.46 million new ordinary fully paid shares under its existing NMR ticker. The issuance of these additional securities, arising from the exercise or conversion of existing instruments, will expand the company’s quoted share base and may provide additional capital or liquidity to support its exploration activities and broader corporate objectives, with implications for current shareholder dilution and future trading dynamics.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings reported a net operating cash outflow of A$675,000 for the December 2025 quarter, driven by exploration and evaluation spending, production-related outlays, staff costs and corporate expenses, despite modest receipts from customers. Investing activities resulted in a further A$663,000 net cash outflow, as payments for property, plant and equipment significantly exceeded proceeds from the sale of tenements, while financing activities contributed a positive A$400,000 mainly from the exercise of options, helping offset earlier cash burn from operations and capital investment and leaving the company with A$12,? (approx.) million in cash year-to-date after substantial equity raisings over the six months.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources reported December quarter production of 929.42 ounces of refined gold from its Blackjack operation in Queensland, supported by strong plant performance with 95.3% recovery and a record gold doré pour in January that generated over $6.5 million in cash receipts. The company advanced key infrastructure, including a major tailings storage facility lift that secures capacity to around the June 2027 quarter, completed critical mill maintenance and spare parts procurement, and deferred a planned throughput upgrade to prioritise tailings development and operational reliability. Mining at the Blackjack South Pit was temporarily paused for pit design review, with drilling, blasting and mining scheduled to resume from late January and February 2026 under a refreshed geological model and integrated planning workflow. Far Fanning preparations continued with haulage of legacy stockpiles to the Blackjack plant and permitting for a 6,000m drilling program to position the project for potential mining in early 2027, while joint ventures at Ravenswood and Yellow Jack progressed toward drilling and development under profit-sharing structures. The company also advanced approvals and compliance milestones, including extended environmental approvals for Blackjack, progressive rehabilitation planning for Blackjack and Far Fanning, and the agreed divestment of Palmerville tenements to sharpen its focus on the Charters Towers production hub, collectively underpinning its medium-term growth and regional consolidation strategy.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources has reported strong early assay results from its January 2026 shallow reverse circulation drilling program at the Blackjack Gold Project in Queensland, with 19 of the first 34 holes returning grades above the estimated 0.6 g/t gold cut-off and several narrow but very high-grade intercepts near surface. The drilling, which is aimed at improving grade confidence in previously under-defined areas and testing the outer boundaries of a planned new pit between the Blackjack Main and Newton Butler pits, confirms narrow high-grade mineralisation and a shallow extension of the historic lode system, and is expected to support an expanded pit outline with higher tonnage and grade. RC drilling is continuing alongside drill-and-blast activities as NMR restarts mining at Blackjack to underpin sustained mill feed, following refurbishment of its Charters Towers assets and initial gold production in 2025, including Blackjack’s largest gold pour to date in January 2026.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources has started 2026 with a record gold smelt at its Blackjack Gold Operations in Queensland, pouring six gold doré bars totalling 1,474.9 ounces on 28 January and taking cumulative gold outturn revenue to more than A$10 million. The company has recommenced drill-and-blast activities at the Blackjack pit following a mine design review, upgraded its technical services team to improve mine planning and grade control, and is finalising Stage 3 tailings storage facility works while progressing design for a Stage 4 lift and a new TSF to support medium- to long-term operations. Regionally, NMR is preparing to begin drilling at the Podosky prospect within its Ravenswood joint venture next week and continues development planning at its Far Fanning deposit near Charters Towers, which remains on track for potential mining from the fourth quarter of 2026 as part of a broader strategic plan for the Charters Towers portfolio.
The most recent analyst rating on (AU:NMR) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Ltd has received a requisition notice from a group of eight shareholders, collectively holding about 5.01% of voting shares, requiring the company to convene a general meeting to vote on resolutions that include the proposed removal of certain directors. The board has committed to calling the meeting within the statutory timeframe, providing shareholders with full details of the resolutions and supporting information, and ensuring affected directors can make representations, while also pledging to maintain a properly constituted board and continuous compliance with governance and disclosure obligations during this period of potential board change.
The most recent analyst rating on (AU:NMR) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Ltd has received a notice of intention from a group of eight shareholders, collectively holding about 5.01% of voting power, seeking to move resolutions at a future general meeting to remove certain directors, including James Walker and Philip Gardner, and potentially other directors appointed within a specified period. The company has not yet received a formal requisition to call a general meeting but is reviewing the notice and has committed to complying with its legal and listing rule obligations, ensuring the board remains properly constituted, enabling affected directors to make representations to shareholders, and keeping the market informed, underscoring a period of potential board change and heightened governance focus for stakeholders.
The most recent analyst rating on (AU:NMR) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Limited has issued a convertible note to Lind Global Fund III, LLC under a previously announced convertible securities and share placement agreement, securing an initial AUD$3 million funding commitment with the potential to draw down up to a further AUD$7 million subject to conditions. The structure includes a single convertible note with a face value of AUD$3.3 million, options for Lind and AUD$1 million in placement shares, with the board emphasising the relatively low dilution and funding cost compared with alternative financing, and using a cleansing statement so that shares issued on conversion can be freely traded by retail investors, potentially strengthening the company’s balance sheet and providing greater financial flexibility for ongoing operations.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Ltd. has notified the market of the issue of a new class of unquoted equity securities, including one convertible security and 7.2 million options exercisable at A$0.117 and expiring on 5 January 2029. The issuance, formalised through an Appendix 3G filing, forms part of previously announced transactions and reflects the company’s ongoing use of structured, unquoted instruments to support its capital management and funding strategy without immediately diluting its quoted share base.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources has issued 17,123,288 new fully paid ordinary shares under its Convertible Security Funding Agreement with Lind Global Fund III LP, with the new securities ranking equally with existing shares and being issued without a disclosure document under the Corporations Act. The company confirmed compliance with its continuous disclosure obligations and clarified that current information from drilling at its Charters Towers and Ravenswood gold projects is incomplete and cannot yet be released under ASX and JORC requirements, stressing that this drilling data is not considered material for investors’ assessment of the company or the new shares at this time.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Ltd. has applied to the ASX for quotation of 17,123,288 new fully paid ordinary shares under its ticker NMR, with an issue date of 5 January 2026. The expanded quoted securities base will increase the company’s tradable share capital, potentially enhancing liquidity for investors and supporting the company’s capacity to raise and deploy capital for future activities.
The most recent analyst rating on (AU:NMR) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Native Mineral Resources Holdings Ltd. stock, see the AU:NMR Stock Forecast page.
Native Mineral Resources Holdings Limited has disclosed a change in the indirect shareholding of director Blake Cannavo, reflecting an increase in his exposure to the company via entities through which he holds interests. The director, via BOC Holdings Pty Ltd structures, acquired 300,000 fully paid ordinary shares in an on‑market purchase at $0.064 per share, lifting his indirect holding to 162,563,384 shares while leaving his substantial package of unquoted options and performance rights unchanged, slightly tightening insider alignment with shareholders and signaling continued confidence in the company’s prospects.
Native Mineral Resources Holdings Ltd has secured a binding commitment for an initial A$3 million tranche under a Convertible Security Funding Agreement with Lind Global Fund III LP, giving the company access to up to A$10 million in funding, with further tranches subject to negotiation. The capital, to be used for general working capital, provides flexible financing to support NMR’s near-term objectives and growth phase, while preserving its ability to manage placement capacity under ASX listing rules, underscoring institutional confidence in the company’s strategy and its plan to leverage the Blackjack Mill across multiple regional gold assets.
Native Mineral Resources has completed its final gold pour for calendar 2025 at its Blackjack Gold Operations in Queensland, producing about 8.36kg of gold doré and bringing total output since production began in July to roughly 1,460.6 ounces of gold and approximately $8.72 million in gross revenue, with management expecting total gold sales to reach around $10 million once refinery results for the latest smelt are received. The company reports improving operational rhythm at Blackjack, nearing completion of key tailings storage facility works and targeted plant maintenance to enhance reliability, while progressing its growth strategy by preparing to begin drilling at the Podosky prospect under the Ravenswood joint venture in early January 2026, where NMR will fund operations and share profits equally after costs and a management fee, reinforcing Blackjack’s role as a regional processing hub.
Native Mineral Resources Holdings Ltd. has entered into a joint venture with Haoma Mining NL to develop the Ravenswood Gold Project in Queensland. As part of the agreement, the Ravenswood Gold JV will utilize six granted mining leases and leverage NMR’s Blackjack Operations as a processing hub. This partnership aligns with NMR’s strategy to process both third-party and internal ore, targeting operational efficiency and enhanced gold production. Profits will be shared between the parties after associated costs, reinforcing a sustainable growth trajectory and potential market positioning for both companies.
Native Mineral Resources Holdings Ltd announced the finalization of the Estimated Rehabilitation Cost (ERC) decision by the Department, granting approval to advance resource activity at the Podosky site under the Environmental Authority. The company is set to launch a comprehensive drilling and mining program starting January 2026, with initial ore processing targeted for late February 2026, marking a significant step in its operational strategy aimed at enhancing utilization of its assets and delivering value to stakeholders.