Native Mineral Resources Holdings ASX:NMR Stock Report

Native Mineral Resources Holdings Limited Announces Iron-Oxide Copper-Gold (Iocg) Style Alteration Intercept in Frontier Drilling At Helios

Native Mineral Resources Holdings Limited announced that it has intersected the alteration system associated with a potential IOCG system. The company has achieved a significant geological milestone by completing the first-ever drill hole into basement rocks in this part of the Nullarbor. The observed hematite and magnetite alteration is typically associated with large Iron Oxide Copper Gold (IOCG) deposits such as the Ernest Henry and Olympic Dam deposits. The results highlight a newly identified and ground-breaking potential IOCG-style mineralization in the Madura Province. Based on these results, the company is now refining the next target for a second drill hole at Helios to be undertaken with financial support from the Western Australian Exploration Incentive Scheme (EIS). The company is currently drilling its second IOCG target at Central located 120 kilometers to the southeast of Helios. The results presented here are the first, preliminary observations of hematite and magnetite altered basement rocks. NMR is awaiting assays and geochemical results from the drill core. A single mixed RC and diamond drill hole (NQ) (HELIOS_DDH001) has been completed to a total depth of 500.9m. The following announcement provides a representative set of photos from different depths within the drill core and where characteristic alteration and mineralization (predominantly hematite, magnetite, and pyrite) are present or where other important features are observed.

High number of new and inexperienced directors

There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Non-Executive & Independent Chairman James Walker is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model.

Native Mineral Resources Holdings Limited Completes Airborne Geophysical Survey

Native Mineral Resources Holdings Limited announced that it has recently completed a high-resolution airborne geophysical survey for a total of 4362-line kilometres at a 25m line spacing and 25m sensor height. This new dataset has been reviewed in context of existing information from the region and at least eight (8) new target areas have been identified for an immediate follow-up sampling campaign. The principal aim of the survey was to help NMR interpret the potential presence and extent of previously inferred greenstones (igneous mafic volcanics) at several locations on the tenement, but with a particular focus on the southern edge where previous exploration has not been carried out. The survey was successfully completed by professional geophysical acquisition company MagSpec Airborne Surveys Pty Ltd. The target rocks at Arcoona are referred to collectively as "Greenstones". NMR will be targeting mineralisation associated with the greenstones as well as the structures that penetrate from the greenstones into the adjacent monzogranite. The greenstones include variably metamorphosed Archean age intrusive mafic (basalt) volcanics. In the eastern Yilgarn, the term greenstones can include multiple geochemical variations of mafic rock and are host to numerous gold and nickel deposits. At Arcoona, the greenstones are primarily buried under cover, therefore NMR use the term greenstones to include mafic rocks that are likely to contain/exhibit multiple compositional variations and are classified by the Geological Survey of Western Australia (GSWA) as intrusive mafic volcanic unit A-b-YEG on 1:2,000,000 geological maps. NMR plans to identify the major rock types in future drilling. The tenement is also cross- cut by approximately E-W-trending ca. 2408-2401 Ma dykes of the Widgiemooltha dyke swarm. High resolution magnetic data captured in December have been extremely useful in interpreting the under- cover extent of these mafic dykes. Near the eastern margin of the tenement, for example, NMR have recognised the opportunity for potential nickel, copper, PGE and gold mineralisation and will target parts of these dykes in the upcoming survey A high-resolution magnetic survey was completed over the "Arcoona" area (E31/1203) in December of 2021. The survey acquired 4632-line kilometres of magnetic and radiometric data over the region at a line spacing of 25m. The principal flight line direction was 090-270 (E-W) and tie lines flown at 250m spacing oriented 000-180 (N-S). The survey was completed with fixed wing aircraft with a sensor height of 25m. The survey was planned to provide magnetics data at a resolution that was sufficient to pinpoint rock type contacts, rock type variations and potential target areas for follow up field work over the Arcoona project. A principal aim of the airborne magnetic survey was to explore the extent of the NW-trending "finger" of inferred greenstones in the southern part of the tenement. The greenstones appear on some geological maps, but due to extensive cover, their NW-limit was not well constrained. Based on the new, high resolution magnetic data, a region of low magnetic response is observed extending to the NW, and past the eastern termination of the southernmost of the two Widgiemooltha dykes (high magnetic response). NMR interpret this low magnetic zone in the southern part of the tenement as indicative of a finger of greenstones protruding some 5.5 kilometres into the tenement. This contrasts with the original interpretation of low-resolution magnetics by the GSWA which had the greenstones protruding only 2.8 kilometres to the northwest of the tenement boundary This increase in interpreted area increases the exploration opportunities on the tenement. Following the analysis and interpretation of the recently acquired airborne magnetic data and the subsequent identification of over eight new target areas, NMR are focused on sample acquisition in the coming months. Sampling has been planned to cover the major target areas discussed in the body text above. Surface soil sampling will be used to help pinpoint geochemical anomalies below the alluvium. Samples will be assayed, and results will be reviewed after a Relative Threshold Factor (RTF) and scaling is applied to the sample set to allow suitable assessment of the significance of each value relative to environmental and geological setting as well as other samples. NMR are anticipating the sample results by mid-2022.

Native Mineral Resources Holdings Limited Announces Drilling Near Completion at Helios and Immediate Start on Drilling At Central IOCG Target

Native Mineral Resources Holdings Limited Receives Grant from Queensland Government Collaborative Exploration Initiative

Native Mineral Resources Holdings Limited announced that it has been successful in securing a Queensland Government Collaborative Exploration Initiative (CEI) grant. NMR will receive grant funding of $200,000 to support the completion of a 30,349-line kilometre fixed-wing magnetic and radiometric survey. The survey will be completed in collaboration with project partners Prophet Resources and professional geophysical acquisition company MagSpec Airborne Surveys Pty Ltd.