Native Mineral Resources Holdings Limited (ASX:NMR) has reported a record monthly refined gold outturn of 1,300.2oz for October 2026 from its Blackjack Gold Operations near Charters Towers, Queensland, and has completed its first November smelt producing 895.9oz of gross doré from bars BJM114–117 on 3 November 2026.

Key Points

  • October 2026 refined gold outturn of 1,300.2oz is the largest monthly result since production commenced at Blackjack in July 2025, 20% above the previous record of 1,080.5oz set in August 2026 and 41% above September 2026 (923.8oz).
  • BJM111–113, smelted on 27 October, returned 519.4oz of refined gold and 339.1oz of refined silver — the highest confirmed weekly refined gold outturn of FY27 and 48% above the prior week's result.
  • The 3 November 2026 smelt produced 895.9oz (27.87kg) of gross doré across four bars from BJM114–117, the second-largest weekly smelt of FY27; Perth Mint assay and refined outturn are pending.
  • Cumulative confirmed refined gold outturn since July 2025 stands at 7,192.7oz, together with 7,649.8oz of refined silver.
  • October plant records were set for tonnes crushed (29,162 wmt), tonnes milled (28,272 dmt), mill utilisation (95.5%), and head grade (1.94g/t Au reconciled), with reconciled plant recovery at 96.3%.

October 2026 Plant Performance and Monthly Gold Outturn

October 2026 gross doré production of 2,310.3oz returned an official refinery weight of 2,282.7oz at an average gold assay of 56.96%, compared with 50.81% in September 2026. The month's refined gold outturn of 1,300.2oz came from four weekly smelts covering bars BJM102–113, alongside 764.2oz of refined silver. The result fell within the 1,300oz to 1,400oz range disclosed in the company's 28 October 2026 update. October also set plant records for tonnes crushed at 29,162 wet metric tonnes, tonnes milled at 28,272 dry metric tonnes, mill utilisation at 95.5%, and reconciled head grade at 1.94g/t gold, with reconciled plant recovery reaching 96.3%.

BJM111–113 Final Perth Mint Refined Outturn Confirmed

Final Perth Mint results for the 27 October 2026 smelt (BJM111–113) have been received. The three bars had a combined gross doré weight of 934.1oz and an official refinery weight of 923.3oz. They returned 519.4oz of refined gold at an average assay of 56.26% gold and 339.1oz of refined silver at an average assay of 36.91% silver. This represents the highest confirmed weekly refined gold outturn of FY27 to date, 48% above the 350.9oz returned from the 20 October 2026 smelt covering BJM108–110. The confirmed result compares with approximately 580oz of contained gold indicated by NMR's internal laboratory assays reported the previous week.

First November Smelt Details — BJM114–117

The Blackjack Processing Plant completed its first smelt for November on 3 November 2026, producing four doré bars with a combined gross doré weight of 895.9oz (27.87kg). BJM114 contributed 270.8oz, BJM115 contributed 307.2oz, and BJM116 contributed 43.9oz, all from the elution circuit, while BJM117 contributed 273.9oz from the gravity circuit. The smelt is the second-largest weekly smelt completed at Blackjack in FY27 and is approximately three times the 296.6oz of doré produced in the first October smelt on 6 October 2026. Perth Mint weight, assay and refined outturn for BJM114–117 are expected the following week and are not included in cumulative totals.