Native Mineral Resources reveals assay findings

Native Mineral Resources Holdings (ASX: NMR) has announced noteworthy assay results from its recently acquired Far Fanning project in Queensland. The gold grades from the stockpile sampling reached up to 85.1 grams per tonne. This significant finding comes after a due diligence work program that included 68 targeted samples, indicating promising gold mineralization.

Strategic outlook for Far Fanning project

Native Mineral Resources has unveiled promising assay results from their Far Fanning project, with gold grades reaching up to 85.1 grams per tonne. The project, located near Charters Towers, was acquired as part of a transformative deal valued at $18.9 million. The company is focused on conducting resource definition and infill drilling to update the Mineral Resource Estimate and explore the production potential of the project. With a current inferred Mineral Resource Estimate of 2.3 million tonnes at 1.84 grams per tonne gold, NMR aims to assess the economic viability of the stockpiled material. Future efforts will focus on identifying significant veining to enhance resource estimates and project feasibility, potentially accelerating production timelines and improving project economics.

Executive insights on assay results

The high-grade nature of the gold veining at Far Fanning highlights the potential for significant resource expansion and increased project confidence through planned drilling.