Native Mineral Resources Hits 700oz Gold Doré in Latest Blackjack Pour
Native Mineral Resources has significantly increased gold production at its Blackjack operations, producing 700 ounces of gold doré bars in its latest smelts, marking a clear step towards steady-state operations.
- 700oz gold doré produced in latest Blackjack smelts
- Gold recovery rate at 94.66% since July 2025 start-up
- Next pour to blend Blackjack and Far Fanning materials
- Plant availability and throughput steadily improving
- Previous pour yielded approximately 300oz gold doré
Ramping Up Production at Blackjack
Native Mineral Resources Holdings Limited (ASX – NMR) has announced a significant milestone in its Blackjack Gold Operations in Queensland, producing 700 ounces of gold doré bars from two smelts completed on 14 September 2025. This output more than doubles the 300 ounces produced in the previous pour on 27 August, signaling a robust ramp-up phase as the company transitions from commissioning to steady-state production.
Operational Performance and Recovery
The Blackjack processing plant has demonstrated strong operational metrics, with an overall gold recovery rate of 94.66% since commencing operations in July 2025. In August alone, the plant milled 18,449 dry metric tonnes (dmt) of ore at a reconciled head grade of 0.61 grams per tonne, achieving a recovery rate of 93.2%. Equipment availability remains high, with crusher availability at 86.3% and mill availability at 98.6%, supporting a mill utilisation rate of 77.4% during the ramp-up period.
Looking Ahead – Blending with Far Fanning Material
Looking forward, Native Mineral Resources plans its next gold pour for late September 2025, which will incorporate blended feedstock from both Blackjack and the nearby Far Fanning stockpiles. This blending marks the beginning of the next growth phase for the operation, expected to enhance throughput and potentially improve gold recovery further. Managing Director and CEO Blake Cannavo expressed confidence in the team’s progress and the plant’s performance, highlighting the potential for increased shareholder value as production scales up.
Strategic Implications
The steady improvement in production volumes and recovery rates at Blackjack underscores Native Mineral Resources’ ability to advance its Queensland gold assets efficiently. The successful integration of Far Fanning material into the processing stream will be a key development to watch, as it may unlock additional resource value and operational synergies. While the company has not provided explicit financial guidance, these operational updates are likely to be viewed positively by investors anticipating revenue growth from sustained gold output.
Bottom Line?
Native Mineral Resources is clearly advancing its Blackjack operation toward steady-state production, setting the stage for further growth and value creation.
Questions in the middle?
- How will blending Far Fanning material impact overall gold recovery and production costs?
- What are the company’s plans for scaling throughput beyond current utilisation rates?
- When can investors expect detailed financial results reflecting these production gains?
