Manuka Resources Expands VTM Project, Boosts Potential

Manuka Resources Ltd (AU:MKR) has released an update.

Manuka Resources Ltd has significantly expanded its Taranaki VTM Project mining permit area by 375%, now covering 243km2 and including an additional 967Mt VTM resource, totaling 1.88Bt VTM. This expansion not only allows for increased production rates and an extended mine life but also promises improved financial returns due to potential economies of scale. The project, with its substantial increase in resources, positions Manuka as one of the largest aspiring vanadium producers on the ASX.

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