EXPLORATION & DEVELOPMENT

Manuka takes another step towards primary silver production

PRECIOUS metals company Manuka Resources has significantly upgraded the resource at its Wonawinta project in New South Wales, paving for it to complete a mine plan and estimate maiden reserves at what will emerge as Australia’s largest primary silver operation.

The Wonawinta silver project in NSW

The Wonawinta silver project in NSW

Resources of 38.3 million tonnes grading 41.3 grams per tonne silver include an indicated 12.3Mt at 45.5gpt silver and a measured 1.1Mt at 47.3gpt silver.

A mine plan and reserve estimate is expected in the current quarter.

The current production scenario involves treatment of about 500,000t stockpiles beginning in the third quarter followed by mining from two pits in February next year.

Wonawinta, located 85km south of Cobar, features an 850,000t per annum processing plant.

Shares in Manuka were up 2% to A46c in afternoon trade, capitalising the company at about $124 millon.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.