Manuka Resources Secures Debt Extension

Manuka Resources Ltd (AU:MKR) has released an update.

Manuka Resources Ltd has announced the extension of its debt facility with TransAsia Private Capital Limited until January 2025, supporting the company’s plans to restart gold production at its Mt Boppy mine in NSW and progress its New Zealand Taranaki vanadium-titanomagnetite iron sands project. The company is also working on refinancing the TransAsia debt, with proposals from multiple parties, and anticipates updating production forecasts, restarting mining operations at Mt Boppy, and advancing its New Zealand project subject to final approvals.

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