Manuka Resources Ltd (AU:MKR) has released an update.
Manuka Resources Ltd has secured a A$1.07M rebate from the Australian Government’s R&D tax incentive scheme, recognizing their successful enhancement of silver production at the Wonawinta Silver Mine. The company implemented a trial production program which led to doubling feed grades to the leach circuit and is now looking towards recommencing dedicated silver operations in 2025, bolstered by the anticipated cashflows from their Mt Boppy Gold Mine set to begin in Q4 2024.
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