Manuka Resources Receives First Gold Revenues After Wonawinta Restart, Expects AU$3 Million to AU$4 Million Fortnightly Revenue
MT Newswires Live
Yesterday
Manuka Resources (ASX:MKR) received its first gold revenues following the recent restart of gold production at its Wonawinta processing facility in New South Wales, according to a Thursday Australian bourse filing.
The company said that based on the current feed grade of about 1 gram per tonne gold for the Mt Boppy material and gold recoveries of about 75%, it expects fortnightly revenue from gold ore processing through to the end of the year in the range of AU$3 million to AU$4 million.
The next gold shipment is scheduled for mid-October, with carbon stripping and shipments anticipated on a fortnightly cycle, the filing added.
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