Manuka Resources Ltd (AU:MKR) has released an update.
Manuka Resources Ltd is set to enhance gold production with an $8 million capital injection aimed at establishing an on-site processing facility at the Mt Boppy Gold Mine, with anticipated EBITDA of $19 million per annum. This strategic move promises to increase gold output and is part of a larger staged growth plan that includes the potential restart of the Wonawinta Silver Mine in 2025. Investors have shown strong support for the initiative, reflected in the successful share placement priced at a discount, with accompanying options.
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