Native Mineral Resources achieves 1.09g/t head grade

• July processing achieved a mill head grade of 1.09g/t gold at the Blackjack plant.
• Following the market update, Native Mineral Resources shares traded higher at $0.058.
• A run-of-mine inventory of 12,000 tonnes grading 1.39g/t gold supports upcoming August production.

Native Mineral Resources (ASX:NMR) delivered a mill head grade of 1.09g/t gold in July at its Blackjack plant.

Operations processed 18,699 dry metric tonnes of ore despite losing 250 hours to planned maintenance and equipment replacement.

"July represented another important step forward for Blackjack," said Native Mineral Resources Managing Director and CEO Blake Cannavo.

The company completed a 590-ounce doré pour on August 4 while building 12,000 tonnes of stockpiled ore grading 1.39g/t gold.

Following the announcement, the Native Mineral Resources share price was up at $0.058.

The operational update follows a $3.5 million convertible note capital raise completed by the miner in July.

The business continues to expand its gold operations across the Charters Towers region in Queensland.