Manuka Resources Withdraws Updated Forecasts After ASX Pushback on Price Assumptions

The latest update is out from Manuka Resources Ltd ( (AU:MKR) ).

Manuka Resources has retracted updated forecast financial information contained in a recent investor presentation after the ASX advised that the new projections relied on materially higher gold and silver price assumptions without an accompanying updated scoping study. The company clarified that its previously released scoping study and Production Plan financial forecasts, based on lower commodity price assumptions, remain current and unchanged, and urged investors not to rely on the retracted figures while it works towards issuing a new scoping study that will incorporate revised price assumptions in compliance with listing rules.

The most recent analyst rating on (AU:MKR) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Manuka Resources Ltd stock, see the AU:MKR Stock Forecast page.

More about Manuka Resources Ltd

Manuka Resources Limited is a precious metals company listed on both the ASX and NZX, focused on developing gold and silver production assets in Australia. The company is progressing towards commencing gold and silver production, targeting a near-term start to output that will position it within the domestic precious metals mining and production sector.

Average Trading Volume: 9,537,244

Technical Sentiment Signal: Buy

Current Market Cap: A$140.5M

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