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Manuka Resources Ltd ( (AU:MKR) ) has shared an update.
Manuka Resources Ltd has announced a successful capital raising of A$15 million through a share placement, aimed at accelerating production and exploration activities in the Cobar Basin. The funds will be utilized for restarting production at the Wonawinta Silver Mine and conducting exploration drilling at the Mt Boppy Gold Mine and Pipeline Ridge gold deposit. This strategic move is expected to position Manuka as the only production-ready silver mine in Australia, enhancing its market presence and offering potential growth opportunities for stakeholders.
More about Manuka Resources Ltd
Manuka Resources Ltd is a company operating in the mining industry, focusing on the production and exploration of silver and gold assets. The company is primarily engaged in activities in the Cobar Basin, New South Wales, Australia, with key projects including the Wonawinta Silver Mine and the Mt Boppy Gold Mine.
Average Trading Volume: 3,259,572
Technical Sentiment Signal: Buy
Current Market Cap: A$99.27M
See more data about MKR stock on TipRanks’ Stock Analysis page.