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Manuka Resources Ltd ( (AU:MKR) ) has provided an announcement.
Manuka Resources has released an updated pre-feasibility study for its Cobar Basin operations, outlining a 10-year mine plan to produce 13.2 million ounces of silver and 35,000 ounces of gold from existing stockpiles and open pits at Wonawinta and Mt Boppy. The study projects a post-tax NPV8 of A$805 million, an exceptionally high IRR, and average annual EBITDA of A$127 million at low C1 costs, underpinned by 10.9Mt of ore from current reserves and resources. With pre-production capital estimated at A$26.6 million, the company says it is effectively fully funded to first production following a recent A$15 million equity raise and near-finalisation of a US$22.5 million debt facility with Nebari Natural Resources Credit Fund. The Wonawinta plant is scheduled to return to production in the first half of 2026, and Manuka highlights the plant’s strategic position within trucking distance of multiple high-grade deposits in the Cobar Basin, as well as ongoing drilling at Mt Boppy targeting high-grade extensions, positioning the company to benefit from current and potential upside in silver and gold prices.
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 Limited is an Australian precious metals producer focused on silver and gold assets in the Cobar Basin of New South Wales. The company operates the Wonawinta Silver Mine and Mt Boppy Gold Mine, anchored by the existing 1Mtpa Wonawinta processing plant, and targets near-term production from existing stockpiles and open pits while retaining exposure to movements in precious metal prices.
Average Trading Volume: 11,846,767
Technical Sentiment Signal: Buy
Current Market Cap: A$310.4M
See more data about MKR stock on TipRanks’ Stock Analysis page.