Manuka Resources Limited has returned high-grade gold assays from a completed 56-hole reverse circulation drilling programme at its Pipeline Ridge Project, located 28km south of Canbelego within the company's Cobar Basin operations in New South Wales.

The initial drilling campaign, which totalled 3,133 metres across 17 heel-toe lines, returned shallow high-grade intersections including 32 metres at 7.98 g/t gold from 34 metres in hole PRRC054. Additional intercepts included 8 metres at 12.96 g/t gold from 37 metres in PRRC007 and 5 metres at 8.59 g/t gold from 37 metres in PRRC035.

Assays from the program indicate that the mineralised zones remain open in all directions, including at depth, across section to the east and west, and along strike to both the north and south.

“These are exceptionally encouraging results from shallow RC drilling at our Pipeline Ridge project and confirm the potential to generate future gold resources for treatment either at Wonawinta or Mt Boppy.” 

— Dennis Karp, Executive Chairman

Manuka formally ended an extended care and maintenance program across its Cobar Basin operations in March 2026 to transition into an active production restart phase. The company's regional operations include the Wonawinta silver project, where an updated ore reserve study in July 2026 increased the probable reserve to 7.9 million tonnes grading 50.4 grams per tonne silver. Pipeline Ridge is being evaluated as a potential future satellite deposit within trucking distance of the Wonawinta processing facility, located 120km away.

Receipt of the assay results enables Manuka to commence its maiden mineral resource estimate for Pipeline Ridge, which is scheduled for release in 2026. Further reverse circulation and diamond drilling is scheduled to commence in October 2026 to test extensions of the mineralisation at depth, across section, and along strike.

Read the full announcement: High Grade Gold Drill Intersections from Pipeline Ridge