Manuka Resources (ASX:MKR) - Executive Chairman, Dennis Karp
Executive Chairman, Dennis Karp
Source: Manuka Resources
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  • Manuka Resources (MKR) has confirmed that several of its assets have been affected by the recent flooding events in NSW
  • Severe weather has temporarily impacted the haulage between Mt Boppy and the nearby Wonawinta Processing Plant
  • The heavy rain has also caused production to be halted at both the gold project and the processing plant, due to safety reasons
  • Manuka advises mining at the project and plant was down for three days as a result of the rain, but work has now resumed
  • The company is also planning to unveil a resource update for the Wonawinta silver oxides by the end of the month
  • MKR shares are trading at 39 cents per share, up 4 per cent

Manuka Resources (MKR) has confirmed that several of its assets have been affected by the recent flooding events in NSW.

The company advised in an update to shareholders today that the severe weather events initially only caused a minor inconvenience.

Specifically, the heavy rain temporarily impacted the haulage between MKR’s Mt Boppy Gold Project and the nearby Wonawinta Processing Plant.

But, as the rain has intensified in recent days, the company had to halt production at both the gold project and the processing plant.

Manuka said the decision was made due to “safety reasons” and the halt at boths sites only lasted for three days.

The materials stock also confirmed that the mining and processing work at My Boppy and Wonawinta was able to resume today.

Commenting on the halt, MKR said in today’s update that the overall halt was unlikely to affect total gold production.

“Notwithstanding the small interruption to production due to weather, gold output has been very solid during the March quarter, a function of both better grades and consistent production,” the company said.

“Manuka looks forward to reporting its best quarter of gold production in this current quarter,” it added.

Along with the rain-delay update, Manuka also revealed to shareholders that it’s on track to unveil a Resource Update for the Wonawinta silver oxides by the end of the month.

Shares in Manuka Resources (MKR) are up a slight 4 per cent at 39 cents per share at the close of market on Tuesday.

MKR by the numbers
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