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Manuka Resources Ltd (ASX:MKR)

ALERT: Price-sensitive ASX Announcement for MKR
Current share price for MKR : $0.054 -0.022 (-28.95%)+
Announcement
Release
31 Jul 2026 9:29AM
Price at Release
$0.076
Full Release
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Summary
Manuka Resources Ltd reported significant progress in the June 2026 quarter, focusing on the refurbishment and operational readiness of the Wonawinta Processing Plant. The company is transitioning from development to production, with expectations to start gold production in mid-August 2026 and silver production in October. The quarter saw the final drawdown of US$4.0 million under the Nebari debt facility, securing necessary funding. Financially, the company held A$7.8 million in cash and cash equivalents at the end of the quarter, with total borrowings of A$52.5 million. Key activities included continued processing readiness of Mt Boppy gold ore, infrastructure upgrades, and workforce mobilization. Significant post-quarter developments include a 28% increase in the Wonawinta Probable Ore Reserve and continued shipments for plant upgrades.
Key Points
  • Refurbishment and commissioning of Wonawinta Processing Plant.
  • Transitioning to gold production by mid-August and silver by October 2026.
  • Final US$4.0 million drawdown from Nebari debt facility.
  • Cash and cash equivalents of A$7.8 million at quarter end.
  • Total borrowings amounted to A$52.5 million.
  • Continued preparation and mobilization for production using Mt Boppy gold ore.
  • Post-quarter increase in Wonawinta Probable Ore Reserve by 28%.
  • Ongoing shipments and installation of plant upgrades from South Africa.
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.