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Manuka Resources Ltd ( (AU:MKR) ) just unveiled an update.
Manuka Resources has moved from care and maintenance into an active restart phase at its Wonawinta project, funded by a US$30 million senior debt facility from Nebari that supports the company through to first production targeted for late Q2 2026. Key operational steps include a A$190 million LOI for open pit mining services with Macmahon, plant refurbishment with an added deslime circuit, workforce mobilisation, and the commencement of Mt Boppy crushing and haulage activities to build gold and silver-bearing stockpiles.
An updated Cobar Basin pre-feasibility study has confirmed robust economics, with a substantial projected net present value and strong forecast earnings, reinforcing the strategic potential of Manuka’s silver and gold portfolio. At the same time, the company has withdrawn the fast-track approval application for its Taranaki VTM Project after a draft adverse decision and is reassessing development pathways, while continuing exploration at Mt Boppy and launching resource drilling at Pipeline Ridge to secure additional near-term feed for the Wonawinta plant.
More about Manuka Resources Ltd
Manuka Resources is an Australian precious metals company focused on developing silver and gold projects in the Cobar Basin of New South Wales. The company is advancing its Wonawinta silver operation and Mt Boppy gold project, aiming to become Australia’s only primary silver producer with the capacity to supply refined silver-gold doré or filter cake to global refiners.
Find detailed analytics on MKR stock on TipRanks’ Stock Analysis page.