Blackjack South Pit mining operations following commencement of mining on 1 July 2026.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Record June 2026 refinery production of 763.8oz fine gold
  • Metallurgical performance delivered record reconciled gold recovery
  • Two remaining scheduled July gold smelts expected to be materially larger
  • Mining continues to advance across three active mining fronts

Native Mineral Resources (ASX:NMR) has achieved a number of records as it continues to ramp-up gold production at the Blackjack operations near Charters Towers in Queensland.

Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.

The mine’s latest gold smelt produced three gold doré bars with a combined doré weight of 206 ounces as mining advances across the company’s active pits, following record monthly refinery production of 763.8 ounces of fine gold in June 2026.

“June marked another significant milestone for NMR, delivering record monthly refinery gold production of more than 760 ounces while continuing to improve our operating performance across the mine and processing plant,” MD and CEO, Blake Cannavo, said.

“Importantly, our mining sequence is now transitioning into higher-grade material from three active mining fronts. Combined with our move to weekly gold smelting, this positions the company to provide shareholders with more regular production updates while continuing to build operational momentum.”

The improvements achieved at Blackjack during June included record plant recovery and gold production.

According to Mr Cannavo, this highlighted the benefits of the operational changes implemented over recent months.

Following receipt of official refinery results, the June 2026 refinery production totalled 763.8 ounces of fine gold, representing the strongest monthly gold production achieved since recommissioning of the Blackjack processing plant in July 2025.

To support increasing production, NMR has now transitioned to a weekly gold smelting program, with the next gold pour scheduled for this coming weekend.

Based on the current mine plan and operational sequencing, the company expects the remaining two scheduled gold smelts during July 2026 to be larger than the first July pour, as increasing volumes of mineralised material from Podosky, Blackjack South Pit and Blackjack Mid Pit progressively enter the processing circuit.

The company told shareholders development at Blackjack Mid Pit remains on schedule, with five of the six mining sections at Bench 328 now completed.

NMR was steady at 5.1¢ with a Mkt cap $56.03M prior to markets opening.

Join the discussion: See what HotCopper users are saying about Native Mineral Resources and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

nmr by the numbers
More From The Market Online

Encounter Resources defines copper-gold target at Elsa in WA

Encounter Resources is preparing to ramp-up drilling at the Elsa prospect in WA after recent drilling…
The Market Online Video

The ASX Today: Tech leads rise as Middle East tensions ease somewhat

The ASX climbed as easing Middle East tensions boosted investor sentiment, lifting technology and mining stocks.

Vulcan’s groundbreaking Lionheart German geothermal power plant hits major milestone

Vulcan Energy's ground-breaking Lionheart geothermal power plant has hit a major milestone with civil construction activities…

FBR expands North American push with Mantis distribution deal

FBR has signed a distribution agreement with Industrial Robotics to market and sell its Mantis welding…