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Manuka Resources Ltd ( (AU:MKR) ) just unveiled an announcement.
Manuka Resources has signed a Letter of Intent with mining contractor Macmahon Holdings for full open-pit mining services at its Wonawinta Silver project in New South Wales. The scope includes drill-and-blast and load-and-haul operations under an initial five-year term valued at about A$190 million.
The agreement underpins Manuka’s planned restart of Wonawinta, with initial production from existing gold and silver stockpiles slated for May 2026 and Macmahon’s services targeted to begin in June 2026. Management says partnering with an experienced contractor will de-risk operations, provide flexibility, and support project timelines, marking a significant step toward sustained silver and gold production from the Cobar Basin asset.
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 an Australian mining company focused on developing and operating precious metals projects, including the Wonawinta Silver project in the Cobar Basin in central west New South Wales. The company targets production of silver and gold, leveraging contract mining partnerships to advance its assets toward commercial output.
Average Trading Volume: 16,156,195
Technical Sentiment Signal: Buy
Current Market Cap: A$146.4M
Find detailed analytics on MKR stock on TipRanks’ Stock Analysis page.