Manuka Resources Retracts Production Plan Financial Forecast for Cobar Basin After ASX Advisory

MT Newswires Live

Jan 08

Manuka Resources (ASX:MKR, NZE:MKR) has retracted Cobar Basin production plan financial forecasts released on Wednesday after the Australian Securities Exchange advised that the projections used materially different commodity price assumptions from earlier forecasts and were not supported by an updated scoping study, according to a Thursday Australian bourse filing.

The company said that the scoping study and production plan financial forecasts released on May 30, 2025, and Aug. 5, 2025, remain current and unchanged, and investors should not place reliance on the retracted updated forecast financial information released on Wednesday, Jan. 7.

The Cobar Basin production plan financial forecasts released on May 30, 2025, and Aug. 5, 2025, were based on a AU$50 per ounce silver price and a AU$5,000 per ounce gold price, while the financial forecast disclosed on Jan. 7 was based on AU$107.50 per ounce silver and AU$6,500 per ounce gold prices.

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