{"id":854,"date":"2023-11-01T21:55:31","date_gmt":"2023-11-01T21:55:31","guid":{"rendered":"https:\/\/economicherald.net\/?p=854"},"modified":"2023-11-01T21:55:31","modified_gmt":"2023-11-01T21:55:31","slug":"two-mine-ready-gold-projects-new-joint-venture-could-make-native-mineral-resources-a-producer-within-two-years","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=854","title":{"rendered":"Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years"},"content":{"rendered":"<p>NMR has agreed to purchase interests in two near-term gold projects in QLD<br \/>\nA JV will be created with Ashby Mining<br \/>\nThe company is committing to spend $2m in exploration<\/p>\n<p>\u00a0<\/p>\n<p><strong>A pivotal agreement with Ashby Mining could launch Native Mineral Resources from junior explorer to near-term gold producer at the Far Fanning and Black Jack deposits near Charters Towers, QLD.\u00a0\u00a0\u00a0 <\/strong><\/p>\n<p>Far Fanning is a historic mine with a resource of 2.3Mt @ 1.84g\/t Au for 138,000oz gold and consists of five mining leases across a 2.6km2 area.<\/p>\n<p>Black Jack contains 12 mining leases, five of which will make up part of <a href=\"https:\/\/stockhead.com.au\/company\/native-mineral-resources-nmr\/\"><strong>Native Mineral Resources\u2019 (ASX:NMR)<\/strong><\/a> share of the proposed JV. They cover three shallow oxide pits that sit above the historic Black Jack underground mine which produced 20,796oz until 1889.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Terms of the JV<\/strong><\/h2>\n<p>Ashby has granted NMR exclusive rights to undertake due diligence into the Far Fanning and Black Jack projects.<\/p>\n<p>Once completed, NMR will commit to a $2m spend in the first two years to obtain a 60% interest in the JV with a right to increase to 85% once 70,000t of gold has been stockpiled.<\/p>\n<p>Ashby will own the Black Jack CIL processing plant and be responsible for repairs and upgrades to the mill.<\/p>\n<p>NMR says the JV with Ashby would propel it from junior explorer to gold producer in less than two years.<\/p>\n<p>The Far Fanning and Black Jack gold projects. Pic supplied: (NMR)<\/p>\n<p>\u201cNMR is extremely excited to be able to take advantage of this unique opportunity further investigate its participation in two near-mine projects with no upfront cash payment,\u201d NMR MD Blake Cannavo says.<\/p>\n<p>\u201cFar Fanning and Black Jack are both advanced projects and would give NMR a substantial head start on becoming a miner and gold producer.<\/p>\n<p>\u201cWe are looking forward to working closely with Ashby over the coming weeks to finalise our due diligence work and agree to a binding legal documentation.\u201d<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Upcoming zinc and lithium drilling<\/strong><\/h2>\n<p>Meanwhile, NMR <a href=\"https:\/\/stockhead.com.au\/resources\/native-minerals-drilling-shows-a-potentially-large-mineralised-system-as-maneater-hill-zinc-mineralisation-gets-richer-at-depth\/\">will drill its next diamond hole at its Maneater Hill project in November<\/a> to test a chargeability high anomaly that is associated with a resistive low and a magnetic low within the eastern anomaly.<\/p>\n<p>Previous exploration at the project uncovered a \u201cpotentially large mineralised system\u201d with drilling indicating that zinc mineralisation increases with depth at the project.<\/p>\n<p>The company also has a pipeline of activity planned at its McLaughlin Lake lithium project in Canada with <a href=\"https:\/\/stockhead.com.au\/resources\/score-native-minerals-initial-fieldwork-unearths-high-grade-lithium-up-to-2-77pc-at-mclaughlin-lake\/\">initial planning for a maiden drilling in 1Q 2024 now well advanced.<\/a><\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Native Mineral Resources, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/two-mine-ready-gold-projects-new-joint-venture-could-make-native-mineral-resources-a-producer-within-two-years\/\">Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>NMR has agreed to purchase interests in two near-term gold projects in QLD A JV will be created with Ashby Mining The company is committing <a href=\"https:\/\/economicherald.net\/?p=854\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":855,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=854\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"NMR has agreed to purchase interests in two near-term gold projects in QLD A JV will be created with Ashby Mining The company is committing [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=854\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-01T21:55:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/NMR-image-1-e1ms7C.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=854#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=854\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years\",\"datePublished\":\"2023-11-01T21:55:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=854\"},\"wordCount\":487,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=854#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/NMR-image-1-e1ms7C.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=854#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=854\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=854\",\"name\":\"Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=854#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=854#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/NMR-image-1-e1ms7C.jpeg\",\"datePublished\":\"2023-11-01T21:55:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=854#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=854\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=854#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/NMR-image-1-e1ms7C.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/NMR-image-1-e1ms7C.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=854#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=854","og_locale":"en_US","og_type":"article","og_title":"Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years - Economic Herald","og_description":"NMR has agreed to purchase interests in two near-term gold projects in QLD A JV will be created with Ashby Mining The company is committing [more...]","og_url":"https:\/\/economicherald.net\/?p=854","og_site_name":"Economic Herald","article_published_time":"2023-11-01T21:55:31+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/NMR-image-1-e1ms7C.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=854#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=854"},"author":{"name":"","@id":""},"headline":"Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years","datePublished":"2023-11-01T21:55:31+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=854"},"wordCount":487,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=854#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/NMR-image-1-e1ms7C.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=854#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=854","url":"https:\/\/economicherald.net\/?p=854","name":"Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=854#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=854#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/NMR-image-1-e1ms7C.jpeg","datePublished":"2023-11-01T21:55:31+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=854#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=854"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=854#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/NMR-image-1-e1ms7C.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/NMR-image-1-e1ms7C.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=854#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Two mine-ready gold projects? New joint venture could make Native Mineral Resources a producer within two years"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=854"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/855"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}