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NMR Secures $15.9M to Restart Queensland Gold Production by Q3 2025

8:30am on Thursday 13th of February, 2025 AEDT Mining
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NMR Secures $15.9M to Restart Queensland Gold Production by Q3 2025

8:30am on Thursday 13th of February, 2025 AEDT
Key Points
  • Raised $15.9 million through a non-renounceable entitlement offer shortfall placement
  • Funds allocated to develop Far Fanning and Blackjack gold deposits and refurbish Blackjack Processing Plant
  • Notable $6.8 million investment from Maas Group Holdings MD Wes Maas
  • Drilling at Blackjack to commence imminently to validate historic data to JORC 2012 standards
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