Manuka Secures AU$15 Million to Accelerate Silver and Gold Projects

Manuka Resources Limited (ASX: MKR) has successfully received firm commitments from institutional investors for an AU$15 million capital raising to advance its 100%-owned silver and gold operations in the Cobar Basin, New South Wales. The funds will primarily support the restart of production at the Wonawinta Silver Mine within six months, as well as exploration drilling at the highly prospective Pipeline Ridge gold deposit, located 15km south of Mt Boppy.

The Placement, priced at AU$0.075 per share, represents a 19.4% discount to the last closing price and will be completed in two tranches, with Tranche 1 shares to be allotted around 27 October 2025 and Tranche 2 subject to shareholder approval in late November. Proceeds will be allocated towards plant upgrades and refurbishment at Wonawinta (AU$10.75 million), drilling and exploration (AU$1.0 million), camp and administration refurbishment (AU$0.75 million), and working capital (AU$2.5 million). Manuka expects these investments to enable near-term silver and gold production by early 2026.

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