Native Mineral Resources Holdings Starts Drilling at Queensland JV; Shares Fall 4%

MT Newswires Live

Feb 11

Native Mineral Resources Holdings (ASX:NMR) has started drilling at Podosky (mining lease 10315), part of the company's Ravenswood Gold joint venture (JV) with Haoma Mining, in Queensland, according to a Wednesday filing with the Australian bourse.

The JV was formed to develop, mine, and process ore from Haoma's Ravenswood gold project at the company's Blackjack operations, an earlier filing showed.

The company expects to start mining at Podosky later in the first quarter, the filing said.

Shares of the company fell 4% in recent Wednesday trade.

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