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Manuka Resources Ltd ( (AU:MKR) ) just unveiled an announcement.
Manuka Resources Limited has announced significant progress in its Cobar Basin silver and gold production strategy, including the restart of the Wonawinta processing plant. The company has completed technical and legal due diligence and received multiple term sheets for refinancing existing debt and funding the Wonawinta Silver Mine restart. With strong silver and gold prices, the production plan’s net present value has increased to A$153M. Manuka is also evaluating the feasibility of a cut-back at the Mt Boppy Gold Mine to enhance the Cobar Basin Production Plan. The company aims to secure financing and bring Wonawinta back into production by early next year, while also progressing studies on the Mt Boppy Gold Mine.
More about Manuka Resources Ltd
Manuka Resources Limited is a company operating in the mining industry, focusing on the production of silver and gold. It owns assets in the Cobar Basin, a region known for its rich mineral deposits, and is engaged in mining and processing activities, including the operation of the Wonawinta processing plant and the Mt Boppy Gold Mine.
Average Trading Volume: 1,136,284
Technical Sentiment Signal: Hold
Current Market Cap: A$35.01M
Find detailed analytics on MKR stock on TipRanks’ Stock Analysis page.