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Native Mineral Resources holding a full hand at Blackjack with record gold performances

ASX News, Materials
ASX:NMR      MCAP $56.03M
07 July 2026 10:18 (AEST)

Blackjack South Pit mining operations following commencement of mining on 1 July 2026.

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.

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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.

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