Appendix 3G for the Issue of Convertible Loan Agreements

ASX Announcement
29 October 2025

ASX: MKR




Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000
ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au

Appendix 3G for the Issue of Convertible Loan Agreements

Manuka Resources Limited (ASX: MKR, NZX: MKR) (Manuka or the Company) will be lodging an
Appendix 3G on 29 October 2025 in relation to the issue of nine (9) Convertible Loan Agreements.

The Convertible Loan Agreements were executed between 24 September and 30 October 2024 and
should have been notified to the ASX at that time. The Company is now lodging the Appendix 3G to
rectify this administrative oversight.

A summary of the material terms are detailed below:

Face value per Note Various for an aggregate total of $509,400
Issue date Between 24 September 2024 and 30 October 2024
Maturity date 15 December 2025
Interest rate 15% per annum
Underlying Terms The Lender will lend the Loan Amount to the
Borrower, and be entitled to nominate one of the
following ro complete the transaction:
• Full repayment of the Loan Amount plus
interest, or
• Conversion of the Loan Amount plus interest
into shares at 4,3 cents per share plus two free
6 cent options on or before 15 May 2026 for
every share converted, or
• In the event the Lender raises equity during the
term of this Convertible Loan on terms deemed
by the Lender to be more favourable, the
Lender will be entitled to have those terms
applied to the Conversion of the Loan Amount
plus interest.
Conversion price $0.043 per Share
Purpose of funds raised Working capital and care and maintenance
programs
Status of issue Convertible Loans remain on issue as at the date
of this Notice

Subject to Shareholder approval, which is being sought at the forthcoming Annual General Meeting, the
Company will issue an aggregate of up to:

(a) 13,913,199 Shares at a deemed issue price of $0.043 on conversion of the principal balance and
accrued interest; and

(b) 27,826,398 Options each of which is exercisable at $0.06 at any time on or before 5.00pm
(Sydney time) on 15 May 2026 into a Share.

Upon conversion of the Convertible Loan Agreements.

No further securities have been issued other than those disclosed in the accompanying Appendix 3G.

Manuka’s Executive Chairman has provided his approval for release.

For further information contact:

Dennis Karp
Executive Chairman
Tel. +61 2 7253 2020

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Announcement Summary
Entity name
MANUKA RESOURCES LTD.
Date of this announcement
Wednesday October 29, 2025
The +securities the subject of this notification are:
Total number of +securities to be issued/transferred
ASX +security
codeSecurity description
Total number of
+securities to be
issued/transferredIssue date
New class - code
to be confirmed
Convertible Loans930/10/2024
Refer to next page for full details of the announcement
Other

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Part 1 - Entity and announcement details
1.1 Name of entity
MANUKA RESOURCES LTD.
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.
1.2 Registered number type
ACN
Registration number
611963225
1.3 ASX issuer code
MKR
1.4 The announcement is
1.5 Date of this announcement
29/10/2025
New announcement

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Part 2 - Issue details
2.1 The +securities the subject of this notification are:
Please specify
9 Convertible Loans issued under Convertible Loan Agreements
2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and
which:
does not have an existing ASX security code ("new class")
Other

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Part 3C - number and type of +securities the subject of this notification (new class)
New +securities
ASX +security code
New class - code to be confirmed
+Security description
Convertible Loans
+Security type
+Convertible debt securities
ISIN code

Date the +securities the subject of this notification were issued
30/10/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Notice of 2025 Annual General Meeting
https://manukaresources.com.au/announcements
+Convertible debt securities Details
Type of +security
Convertible note or bond
+Security currency
AUD - Australian Dollar
Face value
AUD 56,600.00000000
Interest rate type
Fixed rate
Frequency of coupon/interest payments per year
Annual
First interest payment date
15/12/2025
Interest rate per annum
15.00 %
Is the interest rate per annum estimated at this time?
s128F of the Income Tax Assessment Act status applicable to the +security
Not applicable
Is the +security perpetual (i.e. no maturity)?Maturity date
15/12/2025
Select other feature(s) applicable to the +security
Is there a first trigger date on which a right of conversion, redemption, call
or put can be exercised (whichever is first)?
Details of the existing class of +security that will be issued if the securities are converted, transformed or
exchanged
No
None of the above
No
No
Yes
Yes

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exchanged
Other
Description
(a) 13,913,199 Shares at a deemed issue price of $0.043
(b) 27,826,398 Options each of which is exercisable at $0.06 at any time on or before 5.00pm (Sydney time) on 15
May 2026.
Any other information the entity wishes to provide about the +securities the subject of this notification
Each Convertible Loan is convertible into ordinary shares in the Company at a conversion price of $0.043 per share. Upon
conversion, the holder will also receive two options for every share issued, exercisable at $0.06 and expiring 15 May
2026.
Please provide any further information needed to understand the circumstances in which you are notifying the
issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to
the market in an Appendix 3B
Ordinarily Exception 16 of Listing Rule 7.1 would apply; however, as the Convertible Loan Agreements were not
announced at the time and the material terms not disclosed, the Company cannot rely on that exception and is seeking
shareholder approval.
Issue details
Number of +securities
9
Were the +securities issued for a cash consideration?
In what currency was the cash consideration being
paid?
AUD - Australian Dollar
What was the issue price per +security?
AUD 56,600.00000000
Purpose of the issue
To raise additional working capital
Yes

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Part 4 - +Securities on issue
Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of
the entity will comprise:
The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if
other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.
4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
MKR : ORDINARY FULLY PAID1,106,825,880
4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
ASX +security code and description
Total number of
+securities on issue
MKRAP : OPTION EXPIRING 16-DEC-2025 EX $0.1719,571,419
MKRAX : OPTION EXPIRING 24-JAN-2026 EX $0.08345,000,000
MKRAAD : OPTION EXPIRING 31-MAY-2026 EX $0.0625,000,000
MKRAW : OPTION EXPIRING 31-DEC-2025 EX $0.1025,757,575
MKRAV : OPTION EXPIRING 17-NOV-2025 EX $0.05043,000,000
MKRAAC : CONVERTIBLE NOTES3,650,000
MKRAAG : OPTION EXPIRING 07-AUG-2028 EX $0.1040,000,000
MKRAY : OPTION EXPIRING 31-MAR-2026 EX $0.08215,000,000
MKRAAE : OPTION EXPIRING 29-MAY-2026 EX $0.061,000,000
MKRAAA : OPTION EXPIRING 03-APR-2027 EX $0.1075,000,000
MKRAZ : OPTION EXPIRING 15-MAY-2026 EX $0.06106,441,054
MKRAAB : OPTION EXPIRING 30-JUN-2026 EX $0.04115,000,000
New class - code to be confirmed : Convertible Loans9

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Part 5 - Other Listing Rule requirements
5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue
did not need any security holder approval under Listing Rule 7.1?
5.1a Select the number of the applicable exception in Listing Rule 7.2
16
Yes