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Manuka Resources Ltd (AU:MKR)
ASX:MKR
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Manuka Resources Ltd (MKR) AI Stock Analysis

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AU:MKR

Manuka Resources Ltd

(Sydney:MKR)

Rating:49Neutral
Price Target:
AU$0.00
▼(-100.00%Downside)
Manuka Resources Ltd exhibits significant financial instability, with challenges in profitability and liquidity due to high leverage and operational inefficiencies. Despite positive technical momentum, the negative valuation metrics highlight potential risks. The absence of earnings call data and corporate events provides limited insight into future prospects.

Manuka Resources Ltd (MKR) vs. iShares MSCI Australia ETF (EWA)

Manuka Resources Ltd Business Overview & Revenue Model

Company DescriptionManuka Resources Ltd (MKR) is a mining and exploration company primarily focused on the production and exploration of precious metals such as gold and silver. The company operates in the mining sector and is involved in the development and operation of mining projects, with its core activities centered around extracting, processing, and selling gold and silver from its owned mining sites in Australia.
How the Company Makes MoneyManuka Resources Ltd generates revenue through the extraction and sale of precious metals, primarily gold and silver. The company operates its mining sites, where it extracts ore that contains these valuable metals. The extracted ore is processed to separate the gold and silver, which are then sold in the open market. The company's revenue streams are largely dependent on the market prices of gold and silver, as well as its operational efficiency and production volumes. Manuka Resources may also engage in partnerships or joint ventures to enhance its exploration and production capabilities, which can contribute to its earnings.

Manuka Resources Ltd Financial Statement Overview

Summary
Manuka Resources Ltd is facing significant financial challenges with unstable revenue performance, high leverage, and negative profitability metrics. The company's reliance on debt and external financing raises concerns about its financial sustainability. Improvements in revenue growth are a positive sign, but operational inefficiencies and cash flow issues need to be addressed for long-term stability.
Income Statement
30
Negative
Manuka Resources Ltd has shown inconsistent revenue performance with significant volatility. The gross and net profit margins are negative, indicating the company is operating at a loss. Revenue growth between 2023 and 2024 shows improvement, but the overall revenue trajectory has been erratic. The negative EBIT and EBITDA margins highlight operational inefficiencies and challenges in achieving profitability.
Balance Sheet
40
Negative
The company has a high debt-to-equity ratio, indicating significant leverage and financial risk. There has been a decline in stockholders' equity over time, which is concerning for financial stability. The equity ratio remains weak, showing that the company relies heavily on debt financing. However, the increase in total assets over the years is a positive aspect.
Cash Flow
35
Negative
Operating cash flows remain negative, which, coupled with negative free cash flows, suggests liquidity challenges. The free cash flow to net income ratio is unfavorable, highlighting inefficiencies in cash generation relative to net losses. The cash flow from financing activities has been the primary source of cash inflow, indicating reliance on external funding.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue15.20M9.90M53.27M43.75M9.26M
Gross Profit-6.74M-15.46M12.03M439.68K1.03M
EBITDA-9.42M-20.75M11.35M-4.58M-14.84K
Net Income-18.23M-26.34M5.28M-2.90M-4.55M
Balance Sheet
Total Assets61.14M61.51M41.60M35.25M36.43M
Cash, Cash Equivalents and Short-Term Investments2.13M265.83K1.35M1.10M1.51M
Total Debt28.53M25.04M13.50M16.70M25.91M
Total Liabilities44.13M41.56M28.02M33.06M38.87M
Stockholders Equity17.01M19.94M13.57M2.18M-2.45M
Cash Flow
Free Cash Flow-8.65M-15.79M-527.43K-7.66M-13.07M
Operating Cash Flow-7.23M-14.52M8.35M207.79K1.77M
Investing Cash Flow-1.33M-1.21M-8.56M-8.03M-14.84M
Financing Cash Flow10.42M14.83M352.54K7.33M14.58M

Manuka Resources Ltd Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.05
Price Trends
50DMA
0.04
Positive
100DMA
0.03
Positive
200DMA
0.03
Positive
Market Momentum
MACD
<0.01
Negative
RSI
64.69
Neutral
STOCH
116.06
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MKR, the sentiment is Positive. The current price of 0.05 is above the 20-day moving average (MA) of 0.04, above the 50-day MA of 0.04, and above the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.69 is Neutral, neither overbought nor oversold. The STOCH value of 116.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MKR.

Manuka Resources Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
57
Neutral
AU$33.82M-25.01%-101.65%
49
Neutral
AU$46.87M-164.01%-95.22%41.09%
46
Neutral
AU$43.54M-44.38%48.86%
44
Neutral
AU$1.51B-6.22-41.37%3.85%-3.52%-43.04%
43
Neutral
AU$34.90M-98.27%-22.17%-274.86%
37
Underperform
AU$25.92M-15.00%13.33%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MKR
Manuka Resources Ltd
0.05
0.01
25.00%
AU:AGD
Austral Gold
0.06
0.04
200.00%
AU:GSN
Great Southern Mining Limited
0.03
<0.01
50.00%
AU:FRS
Forrestania Resources Limited
0.14
0.11
366.67%
AU:FTL
Firetail Resources Limited
0.09
<0.01
12.50%

Manuka Resources Ltd Corporate Events

Manuka Resources Launches $8 Million Entitlement Offer
Jul 21, 2025

Manuka Resources Ltd has announced a fully underwritten non-renounceable entitlement offer to raise approximately $8 million by issuing new shares at $0.043 per share. This capital raising initiative is aimed at strengthening the company’s financial position and supporting its ongoing operations, potentially enhancing its market positioning and providing benefits to its stakeholders.

Manuka Resources Announces $8 Million Entitlement Offer
Jul 21, 2025

Manuka Resources Ltd has announced a fully underwritten non-renounceable entitlement offer to raise approximately $8 million by issuing new shares at $0.043 each. The offer is available only to eligible shareholders in Australia and New Zealand, as extending it to other countries would be unreasonable due to legal and regulatory constraints. This strategic move is expected to strengthen the company’s financial position and support its ongoing operations, although it excludes shareholders outside the specified regions.

Manuka Resources Launches A$8 Million Entitlement Offer
Jul 21, 2025

Manuka Resources Limited has announced the dispatch of an offer booklet for its A$8.0 million fully underwritten non-renounceable entitlement offer of new shares. This offer is now open to eligible shareholders and will close on 31 July 2025. The capital raised is expected to support the company’s ongoing operations and strategic initiatives, potentially strengthening its market position and providing value to stakeholders.

Manuka Resources Updates Cobar Basin Production Strategy with Increased NPV
Jul 10, 2025

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.

Manuka Resources Ltd Trading Suspension Lifted Amid Capital Raising Plans
Jul 8, 2025

Manuka Resources Ltd has announced that the suspension of trading in its securities will be lifted following the release of an announcement about a proposed material capital raising. This development is significant as it indicates a potential influx of capital which could impact the company’s operations and market positioning.

Manuka Resources Announces Entitlement Offer to Shareholders
Jul 8, 2025

Manuka Resources Ltd has announced a fully underwritten non-renounceable entitlement offer of new shares to existing eligible shareholders. This move aims to raise capital without requiring a disclosure under the Corporations Act. The company anticipates that the entitlement offer will not materially affect its control structure, with further details to be provided in an offer booklet to be distributed to shareholders.

Manuka Resources Announces Proposed Securities Issue
Jul 8, 2025

Manuka Resources Ltd has announced a proposed issue of securities, with a maximum of 10,960,558 ordinary fully paid securities to be issued. This move is part of a placement or other type of issue, with the proposed issue date set for August 7, 2025. This announcement may impact the company’s operations by potentially increasing its capital base, which could be used for further development projects or to strengthen its market position.

Manuka Resources Announces Proposed Issue of 40 Million Securities
Jul 8, 2025

Manuka Resources Ltd. has announced a proposed issue of securities, with plans to issue up to 40 million options, each exercisable at $0.10 and expiring three years from the date of issue. This move is part of a placement or other type of issue, aimed at raising capital to support the company’s operations and strategic initiatives. The issuance of these securities is expected to enhance Manuka Resources’ financial flexibility and strengthen its market position, potentially benefiting stakeholders by enabling further exploration and development activities.

Manuka Resources Announces Pro Rata Securities Issue
Jul 8, 2025

Manuka Resources Ltd. has announced a proposed issue of up to 185,237,259 ordinary fully paid securities as part of a standard pro rata issue. This non-renounceable offer is scheduled to open on July 16, 2025, with a closing date of July 31, 2025, and the issue date set for August 7, 2025. This move is likely aimed at raising capital to support the company’s operations and strategic initiatives, potentially impacting its market positioning and providing opportunities for existing shareholders to increase their holdings.

Manuka Resources Launches A$8 Million Entitlement Offer to Boost Production
Jul 8, 2025

Manuka Resources Ltd has announced a fully underwritten entitlement offer to raise approximately A$8.0 million. The funds will be used to restart the Wonawinta processing plant, commence the Cobar Basin Production Plan, repay debt, and support general working capital. This move is expected to bolster the company’s operations and enhance its position in the precious metals market, with a target to resume silver and gold production by early 2026. The offer is backed by two investors, demonstrating confidence in Manuka’s assets and production plans.

Manuka Resources Ltd Requests Suspension for Capital Raising Announcement
Jul 7, 2025

Manuka Resources Ltd, a company listed on the ASX, has requested a suspension of its securities from quotation pending an announcement regarding a proposed material capital raising. The suspension will remain in effect until the company releases the announcement or until trading resumes on July 8, 2025. This move indicates a significant financial activity that could impact the company’s operations and market positioning.

Manuka Resources Initiates Trading Halt for Capital Raising Announcement
Jul 3, 2025

Manuka Resources Ltd has requested a trading halt on its securities pending an announcement regarding a proposed significant capital raising. The halt is expected to last until the announcement is made or until normal trading resumes on 7 July 2025, whichever comes first. This move indicates a potential strategic shift or expansion in the company’s operations, which could have significant implications for its market positioning and stakeholders.

Manuka Resources Ltd Announces Cessation of Securities
Jul 1, 2025

Manuka Resources Ltd announced the cessation of 5,000,000 securities due to the expiry of options that were not exercised or converted by the deadline of June 30, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s financial strategies and future growth opportunities.

Manuka Resources Advances Cobar Basin Production Strategy with Financing and Expansion Plans
Jun 26, 2025

Manuka Resources Limited has announced significant progress in its Cobar Basin silver and gold production strategy, including the restart of the Wonawinta processing plant. The company has completed technical and legal due diligence and received multiple term sheets for refinancing existing debt and funding the Wonawinta Silver Mine restart. With strong silver and gold prices, the production plan’s net present value has increased to A$153M. Manuka is also evaluating the feasibility of a cut-back at the Mt Boppy Gold Mine to enhance the Cobar Basin Production Plan. The company aims to secure financing and bring Wonawinta back into production by early next year, while also progressing studies on the Mt Boppy Gold Mine.

Manuka Resources Ltd Issues 1 Million Unlisted Options
Jun 25, 2025

Manuka Resources Ltd has announced the issuance of 1,000,000 unlisted options, which are set to expire on May 29, 2026, and are exercisable at $0.06. This move is part of the company’s strategy to strengthen its financial position and potentially increase its capital base, which could have significant implications for its growth and market competitiveness.

Manuka Resources Ltd Issues New Shares to Strengthen Financial Position
Jun 6, 2025

Manuka Resources Ltd has announced the issuance of 22,800,000 ordinary fully paid shares, which will be used as collateral and security following the receipt of $1,250,000 in funding through convertible notes issued in November 2024 and June 2025. This move is expected to bolster the company’s financial stability and potentially enhance its operational capabilities, reflecting a strategic effort to strengthen its market position and reassure stakeholders of its growth prospects.

Manuka Resources Unveils Ambitious Silver Production Plan
Jun 3, 2025

Manuka Resources Ltd has announced a production plan for its Cobar Basin assets, aiming to deliver 13 million ounces of silver along with gold credits from its existing Wonawinta Processing Plant. This development is a significant step for the company, potentially enhancing its operational capacity and market position in the precious metals industry.

Manuka Resources Unveils 10-Year Silver and Gold Production Plan
May 30, 2025

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.

Manuka Resources Advances Taranaki VTM Project in Fast-Track Approval
May 30, 2025

Manuka Resources Ltd has announced that its subsidiary, Trans-Tasman Resources, has successfully progressed its Taranaki VTM Project through the New Zealand Environmental Protection Authority’s fast-track approval process. The project faced no competing applications, highlighting the quality of the company’s application process. This advancement is a significant step in the project’s development, potentially enhancing Manuka Resources’ position in the resource industry and offering positive implications for stakeholders.

Manuka Resources Issues 3 Million Unquoted Securities
May 29, 2025

Manuka Resources Ltd has announced the issuance of 3,000,000 unquoted securities, specifically options expiring on May 31, 2026, with an exercise price of $0.06. This move is part of previously announced transactions and is not intended to be quoted on the ASX, potentially impacting the company’s capital structure and offering strategic flexibility in its financial operations.

Manuka Resources Successfully Passes All Resolutions at General Meeting
May 29, 2025

Manuka Resources Ltd announced that all resolutions proposed at its General Meeting on May 29, 2025, were passed by a poll. This compliance with the ASX Corporate Governance Council Principles and Recommendations reflects the company’s adherence to governance standards. The resolutions included the ratification of prior issues of shares, convertible notes, and debt facility extension options, indicating a strategic focus on financial structuring and resource management.

Manuka Resources’ Taranaki VTM Project Advances in Fast-Track Process
May 16, 2025

Manuka Resources Ltd’s subsidiary, Trans-Tasman Resources, has received approval to advance its Taranaki VTM Project in New Zealand to the next stage of the Fast-track approvals process. The project aims to mine iron sands off the South Taranaki Bight, with significant economic benefits projected, including substantial job creation and export earnings, positioning it as one of New Zealand’s top export earners.

Manuka Resources Advances Key Projects and Strengthens Economic Impact
Apr 30, 2025

Manuka Resources Limited announced ongoing progress in its operations, including a pending update on the Wonawinta silver reserve and a refinance process with a Hong Kong-based lender. The company is on track to begin precious metals production in 2025. Its New Zealand subsidiary, Trans-Tasman Resources Limited, released a Pre-feasibility Study and Economic Impact Assessment for the Taranaki VTM project, highlighting a strong economic case with significant export revenue potential. The project is expected to contribute substantially to New Zealand’s mineral export goals, and a Fast Track Approvals application has been submitted for consideration.

Manuka Resources Schedules General Meeting for Share Ratification
Apr 29, 2025

Manuka Resources Limited has announced a general meeting of shareholders to be held on May 29, 2025, in Sydney. The meeting will address the ratification of prior issues of shares and convertible notes, specifically 31,000,000 Collateral Shares to Admin Reg Holdings Pty Ltd and 500,000 Tranche 1 Convertible Notes to GAM Company Pty Ltd. These resolutions are subject to approval in accordance with ASX Listing Rule 7.4, with specific voting exclusions applied to associated parties.

Manuka Resources Schedules 2025 General Meeting for Shareholders
Apr 29, 2025

Manuka Resources Limited has announced a General Meeting for its shareholders, scheduled to take place on May 29, 2025, in Sydney. The company emphasizes the importance of shareholder participation, offering multiple ways to engage, including attending in person, voting online, or designating a proxy. This meeting is a crucial opportunity for shareholders to voice their questions and concerns, potentially impacting the company’s governance and future strategies.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 11, 2025