Manuka Resources recorded A$3.906 million in October precious-metals sales from three Wonawinta deliveries, as the restarted plant moved towards a weekly shipment rhythm. The next test is whether November volumes and head grades can build consistently from here.
- A$3.906 million in October sales from three deliveries
- 651oz of gold and 1,443oz of silver sold
- Four weekly deliveries planned for November
- Head grade expected to move towards 1.1g/t Au
- Wonawinta operations remain stable after August restart
Wonawinta October sales reach A$3.906 million
Manuka Resources Limited (ASX/NZX:MKR) generated approximately A$3.906 million in October sales from three precious-metals deliveries out of its Wonawinta processing facility in New South Wales. The shipments, delivered to ABC Refinery on 16, 23 and 30 October, contained 651 ounces of gold and 1,443 ounces of silver.
The result marks a further step in the restart of Wonawinta, where gold processing recommenced on 22 August. Manuka said the plant has progressively increased throughput since then, with operations remaining stable and broadly consistent with management’s expectations following the recommencement of Mt Boppy gold ore processing.
The October sales pace also builds on the first Wonawinta revenue delivery, which was reported after processing restarted and preceded the move towards more frequent shipments. A subsequent delivery generated approximately A$1.64 million from 267 ounces of gold and 453 ounces of silver, according to earlier company coverage.
November deliveries will test operating consistency
Manuka now plans four precious-metals deliveries in November, with the first scheduled to commence in the week of 6 November and further deliveries planned weekly. The company said volumes are expected to increase as inventories within the processing circuit build, although actual results remain subject to normal operational and processing variability.
Head grades are another moving part. Manuka said the average grade to date of 0.81 grams of gold per tonne is expected to increase towards the 1.1g/t Au average head grade referenced in its JORC reserve, subject to ordinary geological and operating variation. The company stressed that this is an operational reconciliation against previously reported reserve information, not a new reserve estimate, production target or revised technical assessment.
That distinction matters because the October figure is a realised sales result, while the November schedule and grade expectation remain forward-looking. The immediate evidence investors can measure is whether weekly deliveries continue, how much metal each shipment contains and whether the plant converts the improving throughput into consistent cash-generating output.
Bottom Line?
The restart has produced a meaningful October sales base, but sustained weekly shipments and improving grades will determine whether Wonawinta’s momentum is durable.
Questions in the middle?
- Can Manuka maintain four weekly deliveries through November without processing interruptions?
- Will head grades move towards 1.1g/t Au, or remain closer to the 0.81g/t Au average recorded to date?
- How will realised gold and silver volumes translate into cash generation as the plant builds inventory and throughput?