The Blackjack gold processing plant on track for commissioning in only 5 months.
NMR will be the only fully operational gold processing facility in the Charters Towers region, which historically is the richest gold district in Au , with millions of ounces ofstranded resources across dozens of tenements—including Citigold’s now-suspended portfolio.
Citigold Collapse = NMR Opportunity
CTO, despite holding a globally significant 14Moz @ 14g/t Au resource, is once again suspended, and many now speculating they are done.
NMR sits just down the road and is perfectly positioned to capitalise on a fire sale scenario if CTO collapses. Even securing a fraction of those ounces—backed by a commissioned mill—would be transformational.
NMR Already Turning Heads: $15.9M Raised, Backed by Big Names
The recent $15.9M raise (including $6.8M from Wes Maas) shows that brokers and smart investors are waking up to what’s coming.
Why the Talk of 50c – or Even $1 – Is Gaining Traction
• Plant nearly complete: Mechanical works, new METSO ball mill gearing, refurbished circuits, new elution and electrowinning systems, and lab & security upgrades are all on track. • Mine-ready pit: Blackjack and Far Fanning deposits have current and growing resources. Drilling continues to expand the high-grade mineralisation footprint. • Only mill for miles: With millions of ounces within trucking distance, toll treatment or acquisitions are real near-term possibilities. • Rich history: Charters Towers has produced over 6.6Moz only operating mill in a gold district where ounces are stranded—and potentially on sale. They’ve got the money, the mill, the mining approvals, and the momentum.
That’s why funds are circling, brokers are talking 50c+ targets, and long-term investors are starting to ask:
Could this be a $1 stock in the making?
NMR Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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