Native Mineral Resources (ASX:NMR) announced that the Department has finalised the Estimated Rehabilitation Cost decision for Environmental Authority EPSL00067813, covering Mining Lease ML 10315 under its joint venture with Haoma Mining NL.
The ERC period is now in effect for the full duration of resource activity under the EA, enabling NMR to progress the Podosky program, subject to ongoing compliance obligations.
In parallel with regulatory approvals, NMR has completed landholder engagement, with native title clearance scheduled for completion by December.
Early works planning is underway, including a short drilling program to commence in early January 2026 to inform mine design.
The company anticipates that mining, haulage, and ore delivery to its Blackjack operations will begin in mid-February 2026, with first smelting targeted for late February.
NMR Managing Director & CEO Blake Cannavo said, "Finalisation of the ERC decision is a key regulatory milestone for the Haoma JV, clearing the path for resource activity at Podosky."
At the time of reporting, Native Mineral Resources' share price was $0.054.