CNMC Goldmine has received approval in principle from the Singapore Exchange (SGX) to transfer its listing to the mainboard.
The company stated that the move is intended to elevate its investor profile and provide access to a broader pool of capital.
The approval marks a significant step for the miner, which operates gold assets in Kelantan, Malaysia.
Moving to the mainboard typically subjects companies to stricter disclosure and governance requirements, signaling a maturation of the firm's corporate structure.
For investors, the transfer could improve liquidity and visibility among institutional funds that mandate mainboard listings.
The development comes as regional mining firms increasingly seek to optimize their capital structures amid fluctuating gold prices.