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|Company Name||MANUKA RESOURCES LTD.|
|Official Listing Date||2020-07-14|
Manuka is an Australian exploration company that was incorporated in Victoria, Australia in April 2016. The company currently holds 100% interest in Manuka Silver Mine project (Registered Mine Name to be Wonawinta) and the Mt Boppy Gold Project, both located in New South Wales, Australia.
The Wonawinta project is in a world-class mineral district, the Cobar Basin, an area tightly held with growing interest from advanced explorers and established producers. It hosts some of the deepest and longest life mines in Australia. Wonawinta mining lease contains an estimated resource of 52 million ounces of silver and 236,000 tonnes of lead, predominately oxides. The 900km2 of surrounding exploration licences owned by the company will be subject to significant modern exploration in the near term.
Gold production from underground mining operations at Mt Boppy commenced in 1901 and continued to 1923. In its day the mine was one of the largest gold producers in Australia. The orebody delivered some 417 000 ounces of gold from ore with a notional grade of 15g/t gold (12.2g/t gold recovered). Sporadic operation up to 2002 added a further 7 000 ounces of gold production. This included gold recovered from the first Carbon-In-Pulp (CIP) plant built in Australia in 1975 at Mount Boppy to re-treat the historic tailings.
Manuka Resources Limited (MKR) is developing the Mt Boppy gold mine 43 km east of Cobar, in the Central West region of New South Wales. The Mt Boppy mine (which is held by Mt Boppy Resources Pty Ltd) is a wholly owned subsidiary of Manuka Resources Limited. The current Mt Boppy resource is some 368,000 tonnes of gold ore contained in a mix of oxidised, transitional/fresh ores and historic stoping sands. Approximately 60,000 tonnes of gold ore stockpiles are also present on surface at the Mt Boppy ROM.