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Great Divide Mining Ltd (ASX:GDM)

ALERT: Price-sensitive ASX Announcement for GDM
Current share price for GDM : $0.330 -0.05 (-13.16%)+
Announcement
Release
21 Oct 2025 8:39AM
Price at Release
$0.380
Full Release
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Summary
Native Mineral Resources Holdings Limited (NMR) has announced a joint venture with Great Divide Mining Ltd (GDM) to mine and process ore from GDM's Yellow Jack Gold Project at NMR's Blackjack Operations in North Queensland. This venture is subject to a nine-month due diligence period and shareholder approvals. The Yellow Jack project boasts a maiden Inferred Mineral Resource Estimate of 1.84 million tonnes at 0.86 grams per tonne gold, equating to 51,100 ounces of contained gold. GDM will handle all site-based operations and associated costs, with profits to be equally shared after costs. The joint venture aims to optimize mining and processing at the Yellow Jack site, while NMR's Blackjack Plant, which resumed gold production in July 2025, will continue to process ore from its existing Blackjack and Far Fanning deposits.
Key Points
  • NMR signed a binding term sheet with GDM for a joint venture.
  • The Yellow Jack project has a maiden Inferred Mineral Resource Estimate of 1.84 Mt at 0.86 g/t gold.
  • GDM will cover all operational and processing costs.
  • Profits will be shared equally after covering mining, transport, and processing expenses.
  • NMR's Blackjack Plant resumed gold production in July 2025.
  • The joint venture is subject to a nine-month due diligence period and shareholder approvals.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.