Manuka Resources confirms developments in gold and silver projects

Manuka Resources (ASX:MKR), an Australian mining and exploration company, has released updates on its key gold and silver assets located in the Cobar Basin, New South Wales, and its offshore vanadium and titanium project in the South Taranaki Bight, New Zealand.

The company, which is the sole owner of the Taranaki VTM Project, confirms its ongoing development.

Manuka is also undertaking an updated resource assessment for its Mt Boppy Gold Mine, located 43 km east of Cobar, New South Wales.

The company is implementing a strategy to establish a fit-for-purpose on-site processing facility at Mt Boppy to enhance its economic viability.

In a related statement, the company revealed potential plans to restart operations at the Wonawinta Silver Mine, also situated in the Cobar Basin.

The decision follows a favourable shift in the silver price environment towards strengthening.

 "We are focused on unlocking value across our portfolio, aiming to enhance our project economics and drive growth," the company said in a statement.

The company reiterated that forward-looking statements are subject to risks and uncertainties, and no guarantees can be assured for future performance outcomes.

Manuka Resources is a mining and exploration company whose principal activities include mine development, mining and processing of silver, gold and exploration activities.

At the time of reporting, Manuka Resources’ share price was $0.045.