Manuka Resources (ASX:MKR) has officially resumed gold deliveries and is on track for steady-state production from its Mt Boppy Gold Project in New South Wales, Australia.
The $27.4 million market capitalisation company says it is ‘extremely pleased’ with the third payable delivery of gold being sent to ABC Refinery on 3 August 2023. Another delivery is scheduled for Tuesday 8 August.
Deliveries are now expected to occur on a regular weekly basis as the company processes the various Run of Mine (ROM) and waste dump stockpiles from the Mt Boppy Project.
The company reports that as of the end of July 2023, a total of 96,060 tonnes of waste and run-of-mine (ROM) material had been screened. This has generated a total of 60,108 tonnes of screened material, of which about 51,767 is less than 8mm and 8,341 tonnes is between 8mm to 20mm fractions.
Manuka adds that with key project metrics in line with original expectations, this gives the company confidence that it can achieve its project targets of between 350-450 ounces of gold per week.
Manuka Resources is an Australian mining and exploration company with key assets located in the Cobar Basin in central west New South Wales. The company’s portfolio of assets includes the Mt Boppy Gold and Wonawinta Silver and Base Metals projects.
Images: Manuka Resources Ltd