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Manuka Resources Ltd ( (AU:MKR) ) has provided an update.
Manuka Resources Ltd’s subsidiary, Trans-Tasman Resources, has appointed an expert panel to review its application for seabed mining of iron sands in the South Taranaki Bight. The Taranaki VTM Project is expected to significantly boost the local economy and contribute to New Zealand’s mineral export goals, with a decision from the panel anticipated by March next year.
More about Manuka Resources Ltd
Manuka Resources Ltd is involved in the mining industry, focusing on the extraction and processing of minerals. Its primary project is the Taranaki VTM (vanadium titanomagnetite) iron sands project, located offshore in New Zealand’s Exclusive Economic Zone. The company is dedicated to advancing its mining operations and contributing to the regional economy.
Average Trading Volume: 1,072,629
Technical Sentiment Signal: Buy
Current Market Cap: A$50.07M
For an in-depth examination of MKR stock, go to TipRanks’ Overview page.