Native Mineral Resources completed its first gold pour at the Blackjack gold project in Queensland on 6 July, using remnant material as part of a planned trial run. This marks the transition of the operation into an advanced commissioning phase.
“We are also pleased to announce the execution of a refining and offtake agreement with ABC Refinery, a globally trusted and accredited partner, enabling door-to-door shipment and refining with gold sales at spot price upon collection,” said Managing Director and CEO Blake Cannavo. The ABC Refinery agreement has a three-year lock-in period with a further two-year renewal option.
“Importantly, [Native Mineral Resources] remains fully unhedged, allowing shareholders to benefit from the strong gold price environment. We are on track to introduce freshly mined material into the plant later this month and ramp up to full production in August.”
Commissioning continues to follow a phased, methodical approach with all critical plant systems progressing toward full operational readiness. Focus areas for the coming days include energising all CIL agitators, completing fill-and-test cycles for remaining tanks, finalising the reagent circuits, and continuing trial feed through the process plant.
Source: Native Mineral Resources