Manuka Resources

Taranaki VTM Project

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Manuka Resources Limited

Offshore project ~22 km off New Zealand’s North Island

100% owned via subsidiary Trans Tasman Resources (TTR)

Extensive environmental and technical studies clearing demonstrating positive economics and minimal risk of environmental harm

Commodities: vanadium, titanium, magnetite (iron)

Integrated offshore mining and processing vessel 

Updated PFS completed in 2025 confirming viability of a significant  economic opportunity for New Zealand

Lower CO₂ emissions vs land-based iron mines

Entered NZ government’s Fast-track approval process

The Taranaki VTM Project (held via its subsidiary Trans-Tasman Resources) is a large offshore vanadium-titanium-iron project situated in the Taranaki Bight   west coast of New Zealand situated outside New Zealand’s territorial waters but within its Exclusive Economic Zone (EEZ). The project targets 5 Mtpa vanadiferous  iron sand extraction over 20 years using a purpose-built marine mining vessel utilising flow sheet components already in use across the world. It has completed a new Pre-Feasibility Study and is in the NZ government's Fast-track approval process. Once final approvals are issued engineering studies will be completed enabling construction and development to progress.  The project will become a major supplier of critical minerals and a significant regional employer and contributor to the NZ economy.