Manuka Resources Gains NZX Approval, Targets 2026 Production Restart

Dual Listing to Enhance Shareholder Access

Manuka Resources Limited (ASX – MKR) has received official approval for a secondary listing on the New Zealand Stock Exchange (NZX), complementing its primary listing on the Australian Securities Exchange (ASX). Trading on the NZX Main Board will commence at 10 – 00 am NZ time on September 29, 2025, under the ticker MKR. This move is designed to provide approximately 30% of Manuka’s shareholders, who are based in New Zealand, with a more convenient and local trading platform aligned with their time zone and regulatory environment.

Strategic Focus on Critical and Precious Metals

Manuka’s portfolio spans significant critical and precious metals assets across New Zealand and Australia. Central to its New Zealand operations is the Taranaki vanadiferous titanomagnetite (VTM) iron sands project, managed by its subsidiary Trans-Tasman Resources Limited (TTR). This offshore project is currently navigating New Zealand’s Fast-Track Approvals process, a critical regulatory step expected to unlock development potential for one of the world’s largest vanadium resources. Vanadium and titanium, both key components of the project, are recognised as critical minerals by multiple jurisdictions including New Zealand, the USA, and the EU.

Australian Production Restart Plans

In Australia, Manuka is advancing the restart of production at two fully permitted precious metals projects – the Wonawinta Silver Project and the Mt Boppy Gold Project, both located in New South Wales’ Cobar Basin. The company targets early 2026 for recommencement of operations, supported by a 1 million tonnes per annum processing facility at Wonawinta. Recent JORC-compliant Ore Reserves underpin a 10-year production plan, with the Wonawinta project boasting a significant silver resource and Mt Boppy offering a newly declared gold reserve.

Financial Position and Capital Raising

Manuka reported a net loss of A$8.7 million for the half-year ended December 31, 2024, reflecting ongoing investments in exploration and project development. The company recently completed a fully underwritten entitlement offer raising approximately A$8 million, intended to fund the restart of the Wonawinta processing plant, advance the Cobar Basin production plan, repay debt, and support the Taranaki VTM Project’s environmental approvals. This capital injection is a key enabler for Manuka’s near-term operational and long-term strategic objectives.

Outlook and Regulatory Milestones

The Fast-Track Approvals process for the Taranaki VTM Project is expected to reach a decision by early 2026, following expert panel review and consultation with stakeholders. Upon approval, Manuka plans to complete a Bankable Feasibility Study and secure project financing, with construction and commissioning to follow. The company’s dual listing on ASX and NZX not only improves liquidity and shareholder engagement but also positions Manuka to better access capital markets in both countries as it advances these strategically important projects.