MKR – Manuka Resources | Aussie Stock Forums

Street Talk understands Manuka Resources, a gold and silver producer, closed its $7 million IPO on Friday last week – 12 days ahead of schedule – and is all set to hit the local bourse in mid-July. The $7 million raised implies a $50 million market capitalisation for the company, which has two gold and silver projects in New South Wales’ Cobar Basin, north-east of Sydney….. The fresh capital will be used to finance drilling at Manuka’s two mines, the Mt Boppy gold project and Wonawinta silver project. Manuka kicked off production at Wonowinta in April and has a production target of 32,000 ounces of gold a year