Manuka Resources Limited purchased the Manuka silver project in August 2016. It is focused on becoming Australia’s newest silver producer and capitalising on a global silver deficit.
The Manuka project is in a world-class mineral province and has an estimated resource of 52 million ounces of silver and 236,000 tonnes of lead. A mine, camp and reconfigured processing plant plus associated infrastructure were included in the acquisition. There is also a highly prospective exploration portfolio.
Manuka expects to list on the Australian Securities Exchange (ASX) in early 2017, with first silver production expected by the end of the year.
Manuka has zero debt and is aiming to generate immediate cash flow once it commences production which will allow it to undertake extensive exploration of its pipeline of prospects.
Directors & Management