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Manuka Resources Ltd ( (AU:MKR) ) has provided an update.
Manuka Resources Limited has announced the results of an Economic Impact Assessment for its Taranaki VTM Project in New Zealand, highlighting its national significance. The project involves a capital investment of NZ$1 billion and is expected to significantly boost New Zealand’s GDP by NZ$265 million annually, create 1,365 jobs, and generate NZ$854 million in export earnings per annum. It will also contribute substantial royalties and corporate taxes to the New Zealand government, supporting local development in the Taranaki region and aligning with the government’s minerals export objectives.
More about Manuka Resources Ltd
Manuka Resources Limited (ASX: MKR) is an Australian mining and exploration company with key gold and silver assets located in the Cobar Basin, New South Wales, and offshore vanadium and titanium bearing iron sands in the South Taranaki Bight of New Zealand.
Average Trading Volume: 798,106
Technical Sentiment Signal: Buy
Current Market Cap: A$24.32M
For detailed information about MKR stock, go to TipRanks’ Stock Analysis page.