Manuka Resources (ASX: MKR) – Australia’s only near-term silver Manuka Resources LtdASX_DLY:MKRdimzhManuka Resources is positioning itself as the only near-term silver producer on the ASX. The company’s Wonawinta Mine in New South Wales is fully permitted and infrastructure-ready, with a confirmed 10-year mine life and planned output of 13.2 Moz silver. At current silver prices above A$70/oz, and an AISC of around A$31/oz, the project has one of the highest operating margins in the sector. Metallurgical issues from previous operations have been resolved through a new log washer, clearing the way for restart. Manuka recently restructured its debt, replacing a Hong Kong lender with a consortium of existing shareholders — significantly improving financial flexibility. A binding term sheet with non-bank lenders is now in place to fund the restart, targeting first production and cashflow in Q1 2026. Additional leverage comes from the Mount Boppy gold project (feed-ready ore) and the large-scale Taranaki vanadium–titanium–iron sands project in New Zealand, which could become a future growth pillar. With financing near completion and silver momentum building, Manuka stands as a high-leverage, near-term play on rising silver prices. Please, do your own research!