InvestSMART

Native Mineral Resources Holdings Limited (ASX:NMR)

ALERT: Price-sensitive ASX Announcement for NMR
Current share price for NMR : $0.075 -0.045 (-37.50%)+
Announcement
Release
21 Oct 2025 8:32AM
Price at Release
$0.120
Full Release
download
Summary
Great Divide Mining Ltd (GDM) has announced a joint venture via its subsidiary, GDM Yellow Jack Pty Ltd, with Native Mineral Resources Holdings Limited (NMR) to process gold from the Yellow Jack Site. This initiative involves conducting due diligence, followed by forming an unincorporated joint venture (Yellow Jack JV) to extract and refine gold ore at NMR's Blackjack Mill. Profits will be shared equally after each company's costs are reimbursed. The joint venture aims to advance GDM's evolution from exploration to production, aligning with strategic plans to generate cash flow and enhance shareholder value.
Key Points
  • GDM's subsidiary GDM Yellow Jack Pty Ltd and NMR to form a joint venture to process Yellow Jack gold.
  • The joint venture involves due diligence and processing gold ore at NMR's Blackjack Mill.
  • Profits will be shared equally after cost reimbursement.
  • This joint venture supports GDM's strategic plan to transition to a mining producer.
  • The joint venture is designed to enhance GDM's cash flow and shareholder value.
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.