Manuka Resources Ltd (AU:MKR) has released an update.
Manuka Resources Limited is advancing its gold production capabilities with the construction of a new processing facility at its Mt Boppy mine, aiming for a low-cost operation with significant expected EBITDA. The company is repurposing equipment, such as the 400kW ball mill from its Wonawinta Silver Mine, and purchasing second-hand equipment to maintain a low capital expenditure. With these efforts underway, Manuka anticipates initiating gold production at Mt Boppy by the end of 2024.
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