Company Interview / Manuka's silver surge

Dennis Karp, Executive Chairman of Manuka Resources (ASX: MKR) outlines their progress at the Wonawinta silver mine, Australia's only production-ready silver reserve. All necessary approvals are secured, and the processing plant is fully constructed. The company is eager to capitalise on rising silver and gold prices.

Dennis mentions two key projects in the Cobar Basin, NSW: Mount Boppy Gold and Wonawinta Silver, both previously in production and fully permitted. Mount Boppy, once one of NSW's richest gold mines, is set for gold production in early 2024.

A plant development at Mount Boppy is underway, projected to cost $15-$16 million. For Wonawinta, silver production will follow, with initial costs around $3.5 million. Manuka also has a 100% owned iron sands project in New Zealand, recently fast-tracked in legislation.