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Manuka Resources Ltd (ASX:MKR)

ALERT: Price-sensitive ASX Announcement for MKR
Current share price for MKR : $0.080 -0.012 (-13.04%)+
Announcement
Release
11 May 2026 8:55AM
Price at Release
$0.092
Full Release
download
Summary
The document details the exploration update for Manuka Resources Limited, focusing on the Mt Boppy and Pipeline Ridge projects. It highlights the initial drilling efforts at Mt Boppy, which targeted extensions of the gold mineralisation but did not intersect significant high-grade zones. The Pipeline Ridge project commenced resource definition drilling aimed at shallow oxide gold deposits for potential open pit extraction. The exploration and evaluation activities are governed under EL 5842 with compliance to environmental conditions. Manuka Resources plans to begin gold processing by mid-2026, with a focus on enhancing geological understanding and targeting for future drilling.
Key Points
  • Mt Boppy sits within a larger mineralised system consistent with the Cobar Basin.
  • Initial three-hole diamond drill holes targeted potential southern strike and depth extensions.
  • No significant high-grade gold zones were intersected in the current phase.
  • Resource definition drilling at the Pipeline Ridge gold project commenced on 24 April 2026.
  • The Pipeline Ridge project targets shallow gold mineralisation for open pit extraction.
  • Current drilling exploration targets locate on EL 5842, with no third-party royalties.
  • Ongoing surface exploration activities will continue at Mt Boppy and Pipeline Ridge.
  • Production timetable includes first gold processing planned for May/June 2026.
  • Compliance with all landholder access and environmental conditions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.