Manuka Resources (ASX:MKR)

Manuka Resources: Near-term Production from Gold and Silver Cobar Basin Projects


Manuka Resources Limited (ASX:MKR) is an ASX-listed mining company with gold and silver-gold projects in the Cobar Basin, one of Australia’s most prolific producers of base and precious metals.

The company focuses on its 100 percent owned fully permitted precious metals projects in the Cobar Basin - the Mt Boppy gold mine and Wonawinta silver project. Manuka Resources's development strategy includes bringing back the Mt Boppy gold mine into production and restarting mining and production at the Wonawinta silver mine.

The Mt Boppy gold mine was historically one of the richest in NSW, Australia and produced ~500,000oz gold at an average grade of 15 grams per ton (g/t) gold. Accordingly, the company is very excited about its exploration potential.

Mt Boppy Gold Project

The Mt Boppy gold project comprises three mining leases, four gold leases and one exploration license, spanning an area of more than 210 sq. km. in the prolific Cobar Basin in New South Wales, Australia. The project was acquired by Manuka in 2019, and has a current mineral resource of 4.3 Mt at 1.19 g/t gold. This includes a combination of oxidized and transitional/fresh mineralization in the ground, as well as mineralized rock dumps and tailings.

Company Highlights

  • Manuka Resources is an ASX-listed mining company focused on exploring and developing gold and silver assets in the Cobar Basin in New South Wales, Australia.
  • The company’s two principal assets – the Mt Boppy Gold Mine and the Wonawinta Silver Mine – are both located in the prolific Cobar Basin. In addition, MKR holds a 100 percent interest in the Taranaki VTM iron sands project, located in New Zealand.
  • The primary focus is on bringing the fully permitted Mt Boppy mine back into production by Q4 2024. The company aims to establish an on-site processing plant at Mt Boppy and in turn free up the Wonawinta processing plant for silver production from the Wonawinta silver mine, which was being used to process Mt Boppy ore.
  • The results of the recently completed sonic drill program coupled with an updated mineral resources estimate at Mt Boppy (100 percent increase in indicated gold ounces) improve confidence in the recommencement of gold dore production at Mt Boppy.
  • A dedicated processing facility at Mt Boppy will improve the project economics and also allow for an additional revenue stream by freeing up the Wonawinta processing plant to process ore from the Wonawinta silver mine (placed on care and maintenance in February 2024, and targeting release of its maiden silver reserve under Manuka ownership before the end of June 2024).
  • The cash flows from the Mt Boppy mine will be used to fund the restart of the Wonawinta silver mine, which is also expected to become operational by late Q1 or early Q2 2025.
  • Elevated gold and silver prices should substantially benefit Manuka Resources, resulting in improved profitability and cash flows as it brings both its gold and silver projects into production.

This Manuka Resources profile is part of a paid investor education campaign.*

Click here to connect with Manuka Resources (ASX:MKR) to receive an Investor Presentation

MKR:AU
Manuka Resources Limited

Manuka Resources Limited Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)

Wheaton Precious Metals Publishes 2023 Sustainability Report

Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce the publication of its 2023 Sustainability Report (the "Report").

"Our 2023 Sustainability Report outlines Wheaton's commitment to embed ESG considerations in our decision-making processes and business operations, by upholding industry-leading best practices and focusing on investing in communities to drive positive outcomes," said Randy Smallwood , Wheaton's President and Chief Executive Officer. "The mining industry is critical to a low-carbon future and socio-economic development, and our precious metals streaming business model plays an integral role by providing capital to companies who demonstrate responsible mining practices. At Wheaton, we remain committed to enhancing the sustainability of our industry with a focus on creating lasting value for all stakeholders."

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Piche Resources Executive Chairman John Simpson.

Piche Resources Poised to Supply North American, Western European Utilities, Exec Says

Speaking to the Investing News Network, Piche Resources Executive Chairman John Simpson stressed the need for diversity of supply from much more friendly jurisdictions to ensure security. Citing the company’s promising assets in Australia and Argentina, he said Piche will play an important role in the critical metals supply chain.

“We saw both China and Russia politicise or militarise their commodities … I think that's created an enormous awareness (for) the need for diversity of supply from much more friendly jurisdictions (and) ensuring security (of supply),” he said.

“Being a company that has critical metals and energy in locations like Australia and Argentina, if we can supply the quantities, the volume within the first quartile of costs, we will be a very attractive supplier to North American and Western European utilities.”

Keep reading...Show less
Sailfish Reports Q1 2024 Results

Sailfish Reports Q1 2024 Results

Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce its operating and financial results for the first quarter ended March 31, 2024 ("Q1 2024"). All amounts are in U.S. dollars unless otherwise indicated.

Q1 2024 Highlights:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Signal Gold Announces Results From Annual General Meeting of Shareholders

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce that all resolutions proposed to shareholders at the annual general meeting held today were duly passed

All the nominees listed in the management information circular for the meeting were elected as directors of the Company. Detailed results of the vote for the election of directors are set out below.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Delta Options Band-Ore Gold Property and Further Expands Its Land Position in Thunder Bay, Ontario

Delta Options Band-Ore Gold Property and Further Expands Its Land Position in Thunder Bay, Ontario

Property Includes Historical Gold Resource

Delta Resources Limited (TSXV: DLTA) (OTC PINK: DTARF) (FSE: 6G01) ("Delta" or "The Company") is pleased announce that it has entered into an agreement with Golden Share Resources Corporation ("Golden Share") acquiring the exclusive rights to earn a 100% interest in the Band-Ore property (the "Property"). The Bandore property is located approximately two (2) kilometres west of the Delta-1 Property which in turn lies 50 kilometres west of Thunder Bay, Ontario. The Property hosts two historic high-grade gold resources that are not considered National Instrument 43-101 compliant1.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Manuka Resources Limited

Manuka Resources Limited Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×