NMR Eyes Record 800oz Gold Month at Blackjack in June 2026

June Production Set to Break Previous Records

Native Mineral Resources Holdings Limited (ASX:NMR) is gearing up for a milestone month at its Blackjack Gold Project in Queensland, targeting more than 800 ounces of gold output in June 2026. This would eclipse its prior best monthly haul of 503.5 ounces recorded in September 2025, underscoring a clear upward trajectory since the plant's recommissioning last year.

The latest gold smelt completed on 21 June produced 406.4 ounces of doré across three bars, including an impressive gravity bar with 81.45% gold purity, the highest purity gravity bar since recommissioning. These results follow a mid-June smelt that yielded nearly 400 ounces of doré, with official refinery assays confirming 194.4 ounces of gold and 129.4 ounces of silver from that batch. With another smelt planned before month-end and assay results pending for the latest pour, NMR is well positioned to set a new production benchmark.

Mining Operations Advance on Multiple Fronts

Behind the production gains, mining activity is progressing steadily across key sites. At Blackjack Mid Pit, waste stripping is nearing completion, with first ore feed expected by the end of June. Meanwhile, Blackjack South Pit has completed drilling and is preparing for blasts to access additional feed, supporting ongoing mining progression.

At Podosky, mining continues on schedule with recent production blasts completed and further blasts planned for late June targeting mineralised lower benches. These coordinated mining efforts are enhancing feed availability, which combined with strong plant performance, is driving the improved gold outputs.

Supporting Growth with Infrastructure and Approvals

In parallel with mining and processing, NMR is advancing critical infrastructure and regulatory work. A water bore drilling program is set to commence imminently, aimed at securing long-term processing water supply to support future production growth. On the regulatory front, Progressive Rehabilitation and Closure Plans (PRCPs) for both Blackjack and Far Fanning are in final review stages, with submissions expected shortly. These steps are essential for sustainable operations and regulatory compliance.

Far Fanning itself remains a key strategic focus, with haulage contributing supplementary feed and drilling programs underway to support geological interpretation and mine planning, positioning it as a future mining front within NMR's Charters Towers portfolio.

Operational Momentum Since Recommissioning

Since restarting the Blackjack Processing Plant, NMR has steadily improved its operational metrics, highlighted by increasing monthly gold production and enhanced gold purity levels. Managing Director Blake Cannavo emphasised that the latest production figures reflect improved mine sequencing and operational performance, with the quality of material processed underpinning the strong results.

This operational momentum, supported by multiple mining fronts and ongoing exploration, sets a positive tone for NMR’s production outlook as it moves into the second half of 2026.