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Manuka Resources Ltd ( (AU:MKR) ) just unveiled an announcement.
Manuka Resources Limited announced an A$8.0 million fully underwritten Entitlement Offer to advance its Cobar Basin Production Plan. The company reported updates on its Wonawinta silver reserve and Mt Boppy gold reserve, with significant increases in net present value (NPV) from its Cobar Basin Silver & Gold Production Strategy. Additionally, its subsidiary, Trans-Tasman Resources Limited, released an updated Pre-feasibility Study and Economic Impact Assessment for the Taranaki VTM project, highlighting its national significance and potential to significantly boost New Zealand’s mineral export earnings. The project is expected to generate substantial export revenue and is undergoing a fast-track approval process.
More about Manuka Resources Ltd
Manuka Resources Limited is a company operating in the mining industry, focusing on the production of silver and gold. The company is involved in projects such as the Cobar Basin Production Plan and has a subsidiary, Trans-Tasman Resources Limited, which is working on the Taranaki VTM project in New Zealand.
Average Trading Volume: 1,125,268
Technical Sentiment Signal: Hold
Current Market Cap: A$44.83M
See more data about MKR stock on TipRanks’ Stock Analysis page.