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Manuka Resources Ltd ( (AU:MKR) ) has provided an announcement.
Manuka Resources has provided an updated pre-feasibility study for its Cobar Basin project, indicating a substantial uplift in projected profit and net present value, with production targeted to commence in the June quarter of 2026 on an unhedged basis. The release underscores improved project economics and a clearer timeline to near-term production, signalling potential value uplift for investors and a stronger competitive position in the precious metals and critical minerals space as the company advances toward becoming a cash-generating producer.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.22 price target. To see the full list of analyst forecasts on Manuka Resources Ltd stock, see the AU:MKR Stock Forecast page.
More about Manuka Resources Ltd
Manuka Resources Ltd is an ASX/NZX-listed producer, developer and explorer focused on precious metals in Australia’s Cobar Basin, alongside iron ore and critical minerals assets in New Zealand. The company operates within the broader resources sector, targeting precious and strategic minerals that support both traditional metals demand and the emerging critical minerals supply chain.
Average Trading Volume: 12,299,042
Technical Sentiment Signal: Buy
Current Market Cap: A$290.5M
See more data about MKR stock on TipRanks’ Stock Analysis page.