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Manuka Resources Ltd ( (AU:MKR) ) has provided an announcement.
Manuka Resources Limited announced that an expert panel has been appointed to review its subsidiary Trans-Tasman Resources Limited’s application for seabed mining of iron sands in the South Taranaki Bight. The application, which includes a new pre-feasibility study and economic impact assessment, aims to secure consents under the Fast-track Approvals Act 2024. The project is expected to significantly boost the economy in the Taranaki and Whanganui regions and provide benefits across New Zealand. The panel has until March 2026 to make a decision, with the company emphasizing its commitment to a fair process that ensures environmental protection.
More about Manuka Resources Ltd
Manuka Resources Limited is a company operating in the mining industry, primarily focusing on mineral resource extraction. Its subsidiary, Trans-Tasman Resources Limited, is involved in seabed mining projects, particularly targeting iron sands off the coast of South Taranaki Bight, with a focus on recovering critical minerals such as vanadium and titanium.
Average Trading Volume: 919,289
Technical Sentiment Signal: Buy
Current Market Cap: A$41.55M
For a thorough assessment of MKR stock, go to TipRanks’ Stock Analysis page.