Manuka Resources Ltd ( (AU:MKR) ) has provided an update.
Manuka Resources Ltd has released an updated Pre-Feasibility Study for its Taranaki VTM Project in New Zealand, highlighting its robust economic potential and strategic importance. The project, which involves mining vanadium and titanium bearing iron sands, is expected to significantly boost local development and contribute to New Zealand’s critical minerals policy objectives. It is forecasted to generate substantial revenue and create over 300 local jobs, positioning the company as a key player in the region’s mineral export growth. The project is set to proceed through New Zealand’s Fast Track approvals process, with plans to advance to a Bankable Feasibility Study.
More about Manuka Resources Ltd
Manuka Resources Ltd operates in the mining industry, focusing on the extraction and processing of critical minerals. The company is engaged in projects that involve vanadium and titanium bearing iron sands, with a significant market focus on contributing to New Zealand’s mineral export earnings.
YTD Price Performance: -13.33%
Average Trading Volume: 705,312
Technical Sentiment Signal: Buy
Current Market Cap: A$25.94M
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