MKR manuka resources ltd.

0.00%

4.0¢

No doubt, big value is possible from the NZ resource. At this...

First 2 Last

Share
Profile

Follow
Arthur A

2,670 Posts.

270

03/01/25

08:53

Post #: 77254921
Share
Originally posted by Synthactor: ↑

Beyond its Gold and Sliver mining activites, Manuka Resources has another potentially extremely valuable resource.
Manuka's New Zealand-based subsidiary, Trans Tasman Resources, holds the rights to the vast JORC certified Taraniki iron sands resource potentially worth many Billions.
Until now this massive resource has attracted a close to zero valuation, as permission to mine has been repeated been denied by the NZ government. No permission = no value.
However the election of the National (conservative) coalition in New Zealand has led to a vastly more favourable stance towards seabed mining.
The NZ government is now in fact now totally committed to make mining a key driver of the New Zealand economy, and has introduced legislation in December to massively streamline the mining approval process.
The NZ government has further identified TTR's Taraniki iron sands development as a "project of national importance", and the Taraniki project has been selected as 1 of 11 mining projects to be fast tracked for approval under the new legislation.
Despite these very positive developments, Manuka's share price has not yet reflected the potentially huge upside of the iron sands project, probably due to a continuing market perception of New Zealand as still Green Peace led and anti mining country.
But today the NZ government is totally committed to developing New Zealand’s mining industry and Manuka’s Taraniki iron sands mining project is a perfect strategic fit with their plans.
That is not to say that the Manuka Taraniki project will definitely get permission to mine, there is still the fast track approval process to be negotiated.
But the prospects of success do now look very good, as TTR has already put in place 82 strong environmental safeguards that have already been approved by the New Zealand Environmental Protection Agency.
There will almost certainly be legal objections raised by Greenpeace and others to seabed dredge mining,
However, the fact that key environmental protections have already been approved, and that new more liberal legislation has now been put in place these 'green' challenges will almost certainly ultimately fail.
Given all this, I see the TTR Taraniki iron sands project as a potentially huge driver of value for Manuka.
What do other people think?

Expand

No doubt, big value is possible from the NZ resource. At this point it is very very iffy that the project will get development approval, hence it is too risky for much investment inflow at this point.
MKR Price at posting: 2.8¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

ASX

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Zip's stunning comeback: Is this the start of a $14 revival?

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

RML

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

MEG

Iberian expansion: Megado turns to Europe with Spanish copper mines

CUV

Clinuvel shares dip, even as CEO comes back from temp leave

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $33.34M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.9¢	$22.81K	571.0K

Buyers (Bids)

No.	Vol.	Price($)
1	124819	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	97776	2

View Market Depth

No.	Vol.	Price($)
1	124819	0.039
2	203972	0.038
2	327777	0.037
1	14000	0.036
2	135709	0.033

Price($)	Vol.	No.
0.040	3500	1
0.046	20000	1
0.047	913738	2
0.050	1594843	3
0.054	205700	2

Last trade - 13.33pm 13/06/2025 (20 minute delay)

MKR (ASX) Chart

No doubt, big value is possible from the NZ resource. At this...

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Zip's stunning comeback: Is this the start of a $14 revival?

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Iberian expansion: Megado turns to Europe with Spanish copper mines

Clinuvel shares dip, even as CEO comes back from temp leave

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

No doubt, big value is possible from the NZ resource. At this...

Top Stories

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Zip's stunning comeback: Is this the start of a $14 revival?

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Iberian expansion: Megado turns to Europe with Spanish copper mines

Clinuvel shares dip, even as CEO comes back from temp leave

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News