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The latest update is out from Manuka Resources Ltd ( (AU:MKR) ).
Manuka Resources Limited has announced a 10-year mine plan to produce 13.2 million ounces of silver and additional gold from its Wonawinta Silver Mine and Mt Boppy Gold Mine. The plan aims to commence production in Q1 2026, with an average EBITDA of A$22M per annum. The company is in advanced discussions with financiers to refinance its existing debt and fund project restart costs, leveraging its strategic processing plant and expanded reserves to enhance investor confidence and capitalize on favorable precious metals markets.
More about Manuka Resources Ltd
Manuka Resources Limited operates in the mining industry, focusing on the extraction and processing of precious metals such as silver and gold. The company utilizes its existing Wonawinta Processing Plant and is strategically positioned within the Cobar Basin, which is rich in high-grade precious and base metals deposits.
Average Trading Volume: 860,637
Technical Sentiment Signal: Sell
Current Market Cap: A$31.62M
Find detailed analytics on MKR stock on TipRanks’ Stock Analysis page.