Manuka Resources Ltd ( (AU:MKR) ) just unveiled an announcement.
Manuka Resources Limited’s subsidiary, Trans-Tasman Resources, has lodged a fast-track application for the Taranaki VTM Project, which aims to extract 50 million tonnes of iron sands annually off the coast of Taranaki. The project is expected to generate significant economic benefits, including over 1,350 jobs and $850 million in annual export earnings, supporting New Zealand’s mineral export strategy. With a projected annual EBITDA of US$312 million and a post-tax NPV of US$1.26 billion, the project represents a substantial opportunity for Manuka Resources and its stakeholders.
More about Manuka Resources Ltd
Manuka Resources Limited is involved in the mining industry, focusing on the extraction and export of minerals. Its primary products include iron sands and critical minerals such as vanadium and titanium. The company is strategically positioned to support New Zealand’s mineral export goals.
Average Trading Volume: 806,031
Technical Sentiment Signal: Buy
Current Market Cap: A$24.32M
For detailed information about MKR stock, go to TipRanks’ Stock Analysis page.