Manuka Resources (ASX:MKR)has completed an extensive review of...

Manuka Resources (ASX:MKR)has completed an extensive review of all available geophysical data and reports going back over 30 years on its prospective ground in NSW’s Cobar Basin and concluded that it demonstrates the potential to materially grow the higher confidence indicated silver and gold resources.

The review highlighted prospective additional high-value resources of 22-35 million ounces at 40-50 grams per tonne (g/t) of silver, primarily from existing pits at Wonawinta, and 249,000-527,000oz at 2.5-3.8g/t of gold, with Mt Boppy depth extensions, along with the McKinnons & Pipeline Ridge prospects to be the focus.

Manuka also identified polymetallic indicated resource targets, including high-grade copper of up to 3%.

“The results of the Strategic Exploration Review point to substantial resource upside on our Cobar tenements, particularly in terms of near-mine silver and gold

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