Manuka Resources Ltd (AU:MKR) has released an update.
Manuka Resources Ltd plans to enhance gold production at its Mt Boppy project by building an on-site processing facility, aiming to commence operations by Q4 2024. The new facility, estimated to cost A$10-15M, is expected to cut annual haulage costs by A$6-7M, improving operational efficiency and profitability. Simultaneously, the company is preparing to release an updated reserve and production plan for its Wonawinta Silver Mine and further develop its Taranaki VTM Iron Sands Project in New Zealand.
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