Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Manuka Resources Ltd ( (AU:MKR) ) has shared an announcement.
Manuka Resources has completed an initial phase of diamond drilling at its Mt Boppy gold project, with three deeper holes returning only localised low-grade gold but delivering valuable geological and structural insights. The work has refined targets for follow-up drilling, particularly to the south-east of the existing pit, and intersected sulphide mineralisation with notable silver grades, reinforcing the view that Mt Boppy sits within a larger mineralised system.
In parallel, the company has started resource definition drilling at its nearby Pipeline Ridge project to outline shallow oxide gold suitable for open-pit mining and potential feed for the Wonawinta plant. These exploration campaigns align with Manuka’s broader 10‑year plan to restart production, increase gold and silver feed into Wonawinta from multiple satellite deposits, and transition from a single-asset restart to a multi-source production platform supporting longer mine life and cash flow growth.
More about Manuka Resources Ltd
Manuka Resources Ltd is an Australian precious metals company focused on gold and silver mining and processing in the Cobar Basin of New South Wales. Its key assets include the Mt Boppy gold project and the Wonawinta processing plant, which the company plans to use as a central hub fed by multiple nearby gold and silver deposits.
See more insights into MKR stock on TipRanks’ Stock Analysis page.