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Manuka Resources Ltd ( (AU:MKR) ) has provided an announcement.
Manuka Resources has cleared a key milestone in its restart financing, with Nebari Natural Resources Credit Fund II LP completing technical due diligence on the company’s Wonawinta silver and Mt Boppy gold projects for a proposed US$22.5 million senior secured loan facility. Legal due diligence and final documentation are now under way, with signing of definitive agreements targeted around 20 February 2026, and, alongside a recent A$15 million capital raising, the funding package is expected to fully finance Manuka through to first silver production at Wonawinta in the June 2026 quarter, support partial repayment of existing debt and bolster working capital, underpinning a planned rapid move to cashflow-positive operations in a high gold and silver price environment.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Manuka Resources Ltd stock, see the AU:MKR Stock Forecast page.
More about Manuka Resources Ltd
Manuka Resources Limited is an Australian precious metals company focused on the development and restart of its 100%-owned Wonawinta silver project and Mt Boppy gold project in New South Wales. The company’s operations centre on producing silver and gold from existing stockpiles, positioning it to benefit from strong precious metal prices and to move quickly into cash-generating production.
Average Trading Volume: 11,226,249
Technical Sentiment Signal: Buy
Current Market Cap: A$300.9M
See more insights into MKR stock on TipRanks’ Stock Analysis page.