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Manuka Resources Ltd ( (AU:MKR) ) has issued an announcement.
Manuka Resources Limited has commenced a significant new drilling program at Mt Boppy and Pipeline Ridge, targeting deep gold extensions and new discoveries. The program aims to explore depths never before drilled at Mt Boppy, with the potential to uncover structures similar to the historical high-grade gold production of the site. The first assay results are expected in Q1 2026, and successful exploration could significantly enhance the company’s 10-year production plan in the Cobar Basin. Additionally, the company is on track to restart silver production at the Wonawinta Silver Mine by Q2 2026, which could further strengthen its position in the mining industry.
The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.07 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 Limited is an Australian company operating in the mining industry, focusing on gold and silver exploration and production. The company is primarily engaged in the exploration of gold at Mt Boppy and Pipeline Ridge, as well as the restart of its Wonawinta Silver Mine, with a market focus on expanding its production capabilities in the Cobar Basin.
Average Trading Volume: 7,663,739
Technical Sentiment Signal: Buy
Current Market Cap: A$92.71M
Learn more about MKR stock on TipRanks’ Stock Analysis page.