Manuka Resources Ltd (AU:MKR) has released an update.
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Manuka Resources Limited is gearing up to initiate a gold processing plant at the Mt Boppy project, targeting the commencement of production in Q4 2024, which is expected to generate immediate cash-flow and cost savings. The company has completed an $8 million capital raising to finance this development and is also exploring the potential for a second revenue stream from a silver project, pending economic viability. Meanwhile, its subsidiary TTR has seen a significant expansion of its New Zealand iron sands project, which could align with New Zealand’s strategy to increase its minerals sector export value.
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