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Manuka Resources Ltd (ASX:MKR)
ALERT: Price-sensitive ASX Announcement for MKR
Current share price for MKR : $0.087 0.013 (17.57%)+
Release
29 Jun 2026 10:53AM
Price at Release
$0.074
Full Release
Summary
Manuka Resources Ltd (ASX: MKR) has announced the full drawdown of Tranche 2, worth US$4 million, from a senior secured term facility with Nebari Natural Resources Credit Fund II, LP. This funding is aimed at advancing production at the Wonawinta Silver Project and the Mt Boppy Gold Project. The company is preparing to commence gold production by mid-July 2026 and silver production by late September 2026. Manuka has significantly increased its workforce at the Wonawinta site and carried out major refurbishments to support these operations. The drawdown also included issuing 8,232,731 warrants to Nebari, each allowing for the subscription of new shares at a set exercise price. An updated Ore Reserve and Life of Mine Plan for Wonawinta is expected shortly.
Key Points
- Tranche 2 of US$30 million facility fully drawn down.
- Funding to advance Wonawinta Silver Project and Mt Boppy Gold Project.
- Gold production expected mid-July 2026; silver late September 2026.
- Significant increase in workforce and refurbishment at Wonawinta.
- 8,232,731 warrants issued to Nebari under Tranche 2 drawdown.
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.
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