Australia's Manuka Resources jumps on resumption of weekly gold deliveries

Manuka Resources

07/08/2023 04:23

** Shares of Manuka Resources Ltd  MKR.AX  jump as much as
8% to A$0.054, set for best day since July 6 if gains hold
    ** Precious metal miner says it sent its third payable gold
delivery to ABC Refinery on Aug 3 
    ** Adds deliveries are now expected on regular weekly basis,
as co processes various stockpiles from its Mt Boppy gold
project
    ** Says key project metrics in line with original
expectations and it is confident that it can achieve targets of
between 350 – 450 ounces of gold delivery per week
    ** Stock had fallen 41.2% this year, as of last close

 (Reporting by Shivangi  Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))