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Manuka Resources Ltd (ASX:MKR)
ALERT: Price-sensitive ASX Announcement for MKR
Current share price for MKR : $0.081 -0.008 (-8.99%)+
Announcement
Release
13 Jul 2026 9:21AM
Price at Release
$0.089
Full Release
Summary
Manuka Resources Ltd has announced an updated Ore Reserve for their Wonawinta Silver Mine, marking an increase of 28% in Ore Reserve to 7.9 million tonnes at a grade of 50.4 grams per tonne of silver, containing 12.8 million ounces of silver. This update comes as part of a broader strategy to recommence mining and processing operations at the site, with plant recommissioning activities well underway. The company plans to begin gold revenues later this month and silver production in the September 2026 quarter. The Ore Reserve update is based on comprehensive mining studies, utilizing open-pit mining methods, and is grounded in Measured and Indicated Resources only. The Wonawinta site, previously Australia's largest primary silver producer, is strategically located in the Cobar Basin and offers future flexibility to process various metals, contributing to Manuka's growth strategy.
Key Points
- 28% increase in Ore Reserve to 7.9Mt @ 50.4g/t Ag
- Contains 12.8Moz of silver
- Recommencement of mining and processing operations
- Gold revenues expected later this month
- Silver production to start in September 2026 quarter
- Utilizes open-pit mining methods
- Site located in Cobar Basin, NSW
- Comprehensive mining study conducted
- Focus on Measured and Indicated Resources
- Strategic asset with flexibility for future metal processing
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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