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10 stories mentioning ASX:MKRUpdated 4d ago

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Asia

Manuka Resources Identifies High-Grade Gold Mineralization at New South Wales Project

Manuka Resources (ASX:MKR) reported high-grade assay results from a recently completed drilling program at its Pipeline Ridge project in New South Wales, according to a Thursday Australian bourse filing.The results were up to 32 meters at 7.98 grams per tonne grade of gold from 34 meters and eight meters at 12.96 g/t gold from 37 meters.A first-pass mineral resource estimate for Pipeline Ridge gold will now be undertaken based on the positive drill results, with further drilling planned for October to test extensions at depth, across section and along strike, the filing added.

ASX:MKR
Asia

Manuka Resources to Raise Nearly AU$15 Million Through Share Placement; Stock Falls 16%

Manuka Resources (NZE:MKR, ASX:MKR) obtained firm commitments to raise AU$14.5 million through a placement of about 207 million new ordinary shares at a price of AU$0.07 each, according to a Monday filing with the Australian and New Zealand bourses.The company will also offer eligible shareholders a chance to subscribe for new shares under a separate share purchase plan at the same price, it said.Manuka will use the placement proceeds to fund the completion and commissioning of silver de-slime circuits at its Wonawinta project in New South Wales, as well as for working capital.Construction of the Wonawinta crushing and de-slime circuits are targeted for completion in the fourth quarter, with commissioning planned for December.The company's New Zealand shares fell nearly 16% in recent Monday trade, while its Australian shares shed 10%.

ASX:MKRNZE:MKR
Asia

New Zealand Shares Rise; Manuka Resources Enters Trading Hlt Ahead of 'Material' Capital Raising

New Zealand shares rose on Friday, as most Asian markets saw gains after Thursday's Wall Street rally and lower Federal Reserve rate-hike fears.The S&P/NZX 50 Index rose 0.92% or 128 points to close at 13,974.18.Overnight, the Nasdaq Composite added 1.4%, the S&P 500 rose 1.1%, while the Dow Jones gained 1.2%.Federal Reserve Governor Christopher Waller said on Thursday he is inclined to hold interest rates steady at this month's policy meeting if upcoming inflation data confirms that price pressures continue to ease, according to a Thursday Reuters report.In domestic news, Cotality NZ's Home Value Index for August showed property values across New Zealand fell by 0.4% over the month, marking the fifth consecutive monthly decline, according to a report.Also, Auckland business confidence has rebounded over the past three months, with the share of businesses in the city rating overall confidence as negative or very negative falling to 40% in August from 54% in May, while positive sentiment climbed to 26% from 15%, according to a report by New Zealand's Auckland Business Chamber.Further, residential building activity in New Zealand appears to have found a base as early signs of an upswing are forming, Westpac said in a note.Meanwhile, New Zealand's total new lending declined to NZ$15.05 billion in July from NZ$16.14 billion in June, according to data from the Reserve Bank of New Zealand.In corporate news, Manuka Resources (ASX:MKR, NZE:MKR) entered a trading halt ahead of a "material" capital raising disclosure.F&C Investment Trust (NZE:FCT) said its net assets before charges at market value, excluding income, came in at 3.7272 pounds sterling per ordinary share as of Wednesday.

^NZ50ASX:MKRNZE:FCTNZE:MKR
Asia

New Zealand Shares Rise; Fisher & Paykel Healthcare Raises Fiscal 2027 Profit, Revenue Outlook

New Zealand shares ended higher on Thursday while most Asian shares saw gains despite Thursday's lower Wall Street close.The S&P/NZX 50 Index rose 0.38% or 52.84 points to close at 13,972.66.Overnight, the S&P 500 fell 0.9%, the Nasdaq Composite lost 1%, and the Dow Jones decreased 1.3%.In domestic news, New Zealand goods imports rose by NZ$2.1 billion in July to NZ$9.3 billion compared with the same period last year, according to a report released by Stats NZ.Also, credit card spending in New Zealand increased by 1.4% month on month to NZ$4.45 billion in July after a 1.2% decrease in the previous month, while credit card balances rose 0.3% to NZ$5.88 billion, data from the Reserve Bank of New Zealand showed.Further, expectations for New Zealand's one-year-ahead annual consumer price index (CPI) growth fell to 2.99% in the September quarter, according to the Reserve Bank of New Zealand's (RBNZ) survey.In corporate news, Fisher & Paykel Healthcare (ASX:FPH, NZE:FPH) now expects a fiscal 2027 net profit after tax (NPAT) of about NZ$525 million to NZ$565 million, and operating revenue of about NZ$2.47 billion to NZ$2.57 billion.Manuka Resources (ASX:MKR, NZE:MKR) restarted gold production at its Wonawinta processing facility in New South Wales, marking the company's return to precious metals production.

^NZ50ASX:FPHASX:MKRNZE:FPHNZE:MKR
Asia

Manuka Resources Restarts Gold Production at New South Wales Processing Facility, Shares Up 3%

Manuka Resources (ASX:MKR, NZE:MKR) restarted gold production at its Wonawinta processing facility in New South Wales, marking the company's return to precious metals production, according to a Friday Australian bourse filing.The company said Mt Boppy gold ore will be processed, with more than 50,000 tonnes stockpiled at Wonawinta and targeting between 125,000 and 140,000 tonnes to be processed over the next three months, following the completion of an extensive plant recommissioning program.Transition to silver production is targeted for the fourth quarter, following installation and commissioning of a new de-slime circuit and associated upgrades, with both gold and silver ores to be fed simultaneously through the plant once silver production begins, the filing added.Manuka's ASX shares rose almost 3% in recent Friday trade, while its shares in the New Zealand bourse rose past 5%.

ASX:MKRNZE:MKR
Asia

Manuka Resources Reports Probable Ore Reserve Increase for New South Wales Mine

Manuka Resources (ASX:MKR, NZE:MKR) reported an increase of 28% in ore reserve tonnes and a 15% jump in contained silver for its Wonawinta mine in New South Wales compared with the ore reserve disclosed in May 2025, according to a Monday filing with the Australian bourse.The updated probable ore reserve stood at 7.9 million tonnes at 50.4 grams per tonne (g/t) grade of silver containing 12.8 million ounces of silver, per the filing.The Wonawinta mineral resource remains at 38.3 million tonnes at 41.3 g/t silver containing 51 million ounces of silver, the company said.Manuka Resources plans to restart silver and gold processing operations at Wonawinta in the current quarter.The company's Australian shares fell past 3% in recent Monday trade, while its New Zealand shares shed nearly 3%.

ASX:MKRNZE:MKR
Asia

Manuka Resources Draws Down Second Tranche of $30 Million Senior Secured Term Facility, Shares Jump 9%

Manuka Resources (ASX:MKR) fully drew down the second tranche of the $30 million senior secured term facility with Nebari Natural Resources Credit Fund II, equivalent to $4 million, with the funds received on June 26, according to a Monday Australian bourse filing.Nebari was issued with 8.2 million warrants over unissued new shares in Manuka, with an exercise price of AU$0.1357, in consideration for the drawdown.The drawdown will provide additional funding for the Wonawinta silver mining and Canbelego gold mining projects.Its shares rose 9% in recent trading on Monday.

ASX:MKR
Asia

Manuka Resources Draws Down Tranche Two of $30 Million Nebari Facility, Shares Up 11%

Manuka Resources (ASX:MKR) said tranche two of its $30 million senior secured term facility with Nebari Natural Resources Credit Fund II has been fully drawn down, with funds equivalent to about AU$5.8 million received on June 26, according to a Monday Australian bourse filing.The company said the tranche two drawdown will provide additional funding for the Wonawinta silver mining and Canbelego gold mining projects as originally budgeted, with Nebari issuing 8,232,731 warrants over unissued new shares at an exercise price of AU$0.1357.Crushing, screening, and haulage of gold-bearing material from Mt Boppy waste and rock dumps to the Wonawinta processing plant has continued since April 21 in preparation for first ore processing, with gold processing revenues expected to commence around mid-July and silver production targeted to commence in late September, the filing added.The company's shares jumped 11% in recent Monday trade.

ASX:MKR
Asia

NZX Sector Update: Non-Energy Minerals Shares Rise, Health Technology Declines

Non-energy minerals shares gained the most on New Zealand's Exchange, rising nearly 3% on Friday.Shares of Manuka Resources (NZE:MKR, ASX:MKR) were up almost 7% in recent trade.Meanwhile, the health technology sector fell 3%.Shares of Fisher & Paykel Healthcare (NZE:FPH, ASX:FPH) were down nearly 5% in recent trade.

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Asia

Manuka Resources Starts Crushing, Screening Activities at New South Wales Project; Shares Up 5%

Manuka Resources (ASX:MKR, NZE:MKR) started crushing and screening activities at its Mt Boppy project in New South Wales ahead of the production restart at its Wonawinta processing facility, according to a Tuesday filing with the Australian bourse.Haulage to the processing facility is scheduled to start on April 22, the filing said.Commissioning and first production are slated for June, per the filing.Manuka Resources shares rose 5% in morning trade in Australia.

ASX:MKRNZE:MKR

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