Manuka Resources Updates Cobar Basin Production Strategy with Increased NPV

An update from Manuka Resources Ltd ( (AU:MKR) ) is now available.

Manuka Resources Limited has announced an update on its Cobar Basin silver and gold production strategy, highlighting an increase in the net present value (NPV) of the project to A$153 million due to revised commodity price assumptions. The company has completed technical and legal due diligence and received term sheets for refinancing existing debt and funding the restart of the Wonawinta Silver Mine. With strong silver and gold prices, Manuka is also assessing the feasibility of expanding the Mt Boppy open pit to enhance the Cobar Basin Production Plan. The company aims to bring the Wonawinta processing plant back into production by Q1 2026, with an estimated capital expenditure of A$18.9 million.

More about Manuka Resources Ltd

Manuka Resources Limited is a company operating in the mining industry, focusing on silver and gold production. The company is engaged in the development and production of its assets located in the Cobar Basin, a region known for its rich mineral resources. Manuka Resources is working on a comprehensive production strategy that includes the restart of its Wonawinta processing plant.

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Current Market Cap: A$36.68M

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