Overview of Manuka Resources and Mt Boppy Gold Mine production plan

Manuka Resources Limited (ASX:MKR) has presented an optimised production plan for the Mt Boppy Gold Mine in the Cobar Basin, New South Wales. The plan outlines the company's near-term focus on bringing the gold mine back into production by the first quarter of 2025. The presentation, prepared on 30 September 2024, provides an overview of the company's assets and its strategic initiatives.

Executive commentary on the production plan and strategic focus

The Presentation by Manuka Resources Limited emphasizes the company's commitment to optimizing the Mt Boppy Gold Mine's production plan. The plan aims to leverage existing infrastructure and assets, with a low upfront capital cost of A$15.5M required for the first gold doré production in CYQ1-2025. The company's focus on near-term gold production aligns with its strategic goal of delivering self-sustaining value creation and leveraging its precious metals assets in a Tier-1 mining jurisdiction.

Summary of the production plan and outlook

Manuka Resources' optimised production plan for the Mt Boppy Gold Mine reflects its strategic emphasis on near-term gold production and leveraging existing infrastructure. The plan's low upfront capital cost and forecast average annualised EBITDA of A$44M p.a. demonstrate the company's commitment to high-margin, low-capex strategies. Additionally, the company's focus on the Mt Boppy Gold Mine aligns with its broader ambitions to explore growth opportunities in the Cobar Basin, as evidenced by its regional exploration targets and the potential restart of the Wonawinta Silver Mine. With a phased strategy to deliver self-sustaining value creation, Manuka Resources aims to capitalize on the wealth of existing infrastructure and experienced project execution and operations team to drive its production plan forward.