Highlights

  • Native Mineral Resources (ASX:NMR) reported its largest single smelt since production began, with 934.1 ounces of doré from the Blackjack Processing Plant on 27 October 2026.
  • The company estimates approximately 580 ounces of gold content in the smelt, subject to Perth Mint outturn.
  • October 2026 refined gold production is forecast at 1,300–1,400 ounces, which would exceed the August 2026 record of 1,080.5 ounces.
  • Confirmed cumulative refined gold output since July 2025 stands at 6,673.4 ounces, excluding the latest three bars.

Record Smelt Signals Improving Performance

Native Mineral Resources has reported its largest single gold smelt since commencing production at the Blackjack Processing Plant in July 2025. The 27 October smelt produced 934.1 ounces of doré across three bars, comprising 283.4 ounces and 316.3 ounces from elution and 334.4 ounces from the gravity circuit. The gravity bar was 49% larger than the previous week's gravity bar, indicating coarser gold in the feed.

October on Track for Monthly Record

The company has forecast refined gold production for October 2026 of approximately 1,300 to 1,400 ounces. If achieved, that would surpass the previous monthly record of 1,080.5 ounces set in August 2026. Confirmed results from the 6, 13 and 20 October smelts total 780.8 ounces, with the Perth Mint returning 350.9 ounces from the most recent confirmed smelt at a 64.25% assay.

Production Trend Improving

The combination of larger smelts and rising confirmed assays points to improving operational performance at Blackjack. The 20 October smelt was the best confirmed weekly result of the 2027 financial year to date. CEO Blake Cannavo said the company's focus is on carrying this momentum into November and through the December quarter.

Caveats on October Figures

Most October figures are not yet confirmed. The 934.1-ounce smelt is measured as doré, not refined gold, and the 580-ounce gold content estimate is indicative only, pending Perth Mint outturn. Doré assays vary weekly, and the final outturn may differ from internal estimates. The update does not include throughput, head grades, recoveries or cost data.

Next Weekly Update

The company expects to release Perth Mint weight, assay and refined outturn for the latest bars, metallurgical end-of-month results for the Blackjack Plant for October 2026, and final refined gold and silver outturn for the month in the following weekly update.