Wonawinta Silver Mine Eyes a Comeback
Manuka Resources (ASX: MKR) says it’s gearing up for a restart at Wonawinta, after the operation has been on care and maintenance.
The funding
Manuka has announced firm commitments for a A$15 million capital raise, aimed at accelerating work toward bringing Wonawinta back into production.
Why this site is “restart-ready”
The project already has a built processing plant (about 1Mtpa) and site infrastructure, which means the plan is largely refurbish and recommission, rather than build from scratch.
How big is the silver opportunity?
Manuka has previously reported a total Wonawinta silver resource of ~51 million ounces, and a maiden ore reserve of ~8.4 million ounces (reserve is the more “mineable” subset).
Wonawinta is in the Cobar Basin in outback New South Wales, about 80km south of Cobar.
The China angle
Adding to the timing: China has announced tighter controls on silver exports, using an export licensing approach for 2026–2027, which has raised global supply concerns.| ASX Mining News & Discussion