Native Mineral Resources Says Unit Lodges Progressive Rehabilitation, Closure Plan for Queensland Project; Shares Up 8%

MT Newswires Live07-01 11:59

Native Mineral Resources (ASX:NMR) said its Fortified Gold unit successfully lodged a progressive rehabilitation and closure plan (PRCP) for its Far Fanning gold project in Queensland with the Queensland Department of the Environment, according to a Wednesday Australian bourse filing.

The submission follows the commencement of the Queensland Environmental Protection and Other Legislation Amendment Act 2026, which was assented to on June 16.

The company said the legislative amendment provides a clearer regulatory pathway by allowing eligible environmentally relevant activities to continue under an existing environmental authority. At the same time, a PRCP is being assessed, the filing added.

Current drilling at Far Fanning is expected to further improve geological confidence and support future resource updates, with NMR also expecting to submit a PRCP for the Blackjack Gold Mine within the coming days, it added.

The company's shares rose almost 8% in recent Wednesday trade.

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