@Verily1
This is page 3 of the Half Year Report 2023.
It would appear that operations came to a halt in November (but a set date isn't quoted).
I'm guessing there hasn't been any other production since that time.
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Manuka Resources LtdFor the half-year ended 31December 2023
Directors’ Report
The Directors of ManukaResources Ltd (‘Manuka Resources’) present their report together with thefinancial statements of the Entity or the Group, being Manuka Resources (‘theCompany’) and its subsidiaries Mt Boppy Resources Pty Ltd (‘Mt Boppy’) andTrans-Tasman Resources Ltd (TTR) for the six months ended 31 December 2023.
Directordetails
The following persons wereDirectors of Manuka Resources during or since the end of the financial periodand up to the date of this report:
• Mr Dennis Karp
• Mr Anthony McPaul
• Mr John Seton
• Mr Alan J Eggers
Review of operations andfinancial results
The past six months ofoperations focused on the recommencement of gold production operations at MtBoppy. There is a combined total of almost 4.0Mt of waste material and tailingssitting adjacent to the existing Mt Boppy pit, and following an in-depthgeological review, it was determined that the residual quantity of goldcontained within the material could be screened and then economically recoveredthough the Company’s 100% owned Wonawinta plant.
As advised previously, ManukaResources welcomed Phil Bentley into the position of Chief Geologist a littleover 12 months ago. It is noteworthy that a significant portion of Phil’scareer was based mining in Southern Africa,focussed on low grade gold recoveries from waste dumps. This input wasextremely valuable in assisting the Company bring its Mt Boppy ScreeningProject into production over the second half of calendar 2023.
The initial productionresults were positive and we enjoyed increasing recoveries and sales over eachof the months comprising the September 2023 Quarter.
The December Quarter wasdisappointing, albeit that quarterly sales were higher than those in theprevious Quarter.
However, we weren’t able tomaintain the positive increases in production seen over the initial threemonths, largely due to a tapering off of the grades of the ore processed, whichwas first noted during November. This proved to be extremely frustrating forall concerned, as the Company’s preparation prior to commencement of mining wascomprehensive.
In light of the reducedgrades, we commenced a sonic drill program during the second half of November,to more fully understand the zonal make-up of the dump and the extent andlocations of the mineralised material throughout the full waste dump andtailings.
While our receipt of assaysfrom the sonic drill samples submitted to an independent laboratory have beendelayed due to external operational matters outside our control, we do expectfull receipt by the middle of March.
This will provide us with theopportunity to revise our mine plan and determine optimal processing andrecovery zones.
This will be completed byManuka Resources as a priority.
On-site processingand production has been suspended until receipt of the full suite of assayresults and revision of the mine plan.
