Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Manuka Resources Ltd ( (AU:MKR) ) has issued an update.
Manuka Resources has secured key funding and technical milestones to restart production at its Wonawinta silver and Mt Boppy gold projects, executing a US$22.5 million restart loan term sheet with Nebari and completing a A$15 million capital raising to fund exploration, plant upgrades and working capital. Technical due diligence on both projects has been satisfied, an updated Cobar Basin prefeasibility study points to robust project economics, and site activities remain focused on bringing silver and gold production back online by late second quarter 2026, positioning the company to capitalise on exceptionally strong silver and gold prices amid persistent global silver supply deficits. In New Zealand, its Trans-Tasman Resources subsidiary continues to progress the fast-track approval of the nationally significant Taranaki VTM Project, with an expert panel holding extensive workshops on environmental, cultural, legal and economic issues ahead of a scheduled March 2026 decision on environmental consents, a ruling that could underpin a major uplift in New Zealand’s mineral export earnings and elevate Manuka’s regional strategic importance.
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 company focused on the Wonawinta silver project and Mt Boppy gold project in the Cobar Basin of New South Wales, alongside its wholly owned New Zealand subsidiary Trans-Tasman Resources, which is advancing the large-scale Taranaki vanadium-titanomagnetite (VTM) iron sands project. The group targets leveraged exposure to silver and gold production while also positioning itself as a significant future exporter of VTM products to global metals markets.
Average Trading Volume: 12,022,721
Technical Sentiment Signal: Buy
Current Market Cap: A$312.3M
See more insights into MKR stock on TipRanks’ Stock Analysis page.