Manuka Resources Secures A$14.5M for Silver Circuit Completion
Key points
- Firm commitments received to raise A$14.5 million from institutional investors
- Placement will fund completion of silver de-slime circuits
- Gold processing at Wonawinta has recommenced, targeting first gold sales by September end
- First silver revenues expected from January 2027
Full summary
Manuka Resources Limited (ASX:MKR) has raised A$14.5 million through a placement of approximately 207 million new shares at A$0.07 per share. The funds will be used to complete and commission the Wonawinta silver de-slime circuits and provide working capital during the production ramp-up. Gold processing has resumed at Wonawinta, with first gold sales expected by the end of September 2026. Construction of the de-slime circuit is targeted for completion in Q4 2026, with commissioning planned for December 2026. First silver revenues are targeted for January 2027.
Guidance
None
Outlook
None
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