Manuka delivers bigger Mt Boppy gold resource

Manuka Resources (ASX:MKR) reports  it has ‘significantly’ increased the resource for the Mt Boppy Gold Project in New South Wales to 4.28 million tonnes at 1.19 grams per tonne (g/t) gold for 163,000 ounces. 

Manuka says this latest increase subsequent to completing sonic drilling supports its strategy to install an on-site processing plant at Mt Boppy

The company adds that the increase provides confidence in the development of a mine plan that will underpin the restart of gold doré production.

The latest update includes a doubling of the indicated resources, with 82% of total resources now in the higher confidence measured and indicated categories.

“The results of this program have been extremely positive allowing us to significantly improve the confidence of our Mt Boppy resource,”  Executive Chairman Dennis Karp says. 

Consequently, Manuka is confident in its strategy to process the establishment a fit-for-purpose on-site gold processing plant at Mt Boppy in the coming months and in turn free up our Wonawinta processing plant, most recently used to process Mt Boppy ore, for future silver production from the existing Wonawinta silver mine.” 

Manuka reports a ‘high-grade’ component of the updated Mineral Resource Estimate (MRE) comprising 1.8 million tonnes at 1.74g/t containing 102,000 ounces of gold has been uncovered as a basis for future mine planning. This includes the open-pit, rock dumps, and tailings. 

The company conducted a 26-borehole sonic drilling evaluation program over the Mt Boppy Rock Dumps and Dry Tailings in December 2023, which supported delivering an updated MRE for Mt Boppy. 

The Mt Boppy Gold Mine lies 43km east of Cobar in the Central West region of New South Wales. 

Manuka Resources is an Australian explorer focused on its gold and silver assets in the Cobar Basin. 

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Images: Manuka Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.