Mt Boppy drilling program confirmed

ASX Announcement
6 November 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

Manuka accelerates gold exploration drilling programme
targeting near-pit extensions and new discoveries

Manuka Resources Limited (“Manuka” or the “Company”) confirms its Cobar Basin Gold
exploration program will commence first week December 2025.

Highlights
• Mt Boppy Gold Mine – targeting deep gold extensions and new discoveries.
o Historical production at Mt Boppy produced
1
~500,000oz Au grading ~15g/t Au.
o Identifying repeats of the high-grade mineralised Mt Boppy structure will be a
key objective of the drilling program.
o Previous drilling confirms Mt Boppy is open along strike and at depth.
o Initial three-hole drill program targeting depths of around 500m and testing
extensions of known Resource and a structural target similar to Mt Boppy some
1,000m to the south.
• Pipeline Ridge Gold Prospects – targeting shallow gold mineralisation.
o Located ~28km south of the Mt Boppy Gold Mine.
o Gold mineralisation, which expresses close to surface, has been previously
intersected by historic drilling.
o Extensive 3,165m shallow (up to 60m) drill program will target the previously
identified Pipeline Ridge Exploration Target
2
ranging between 187kt and 365kt
and grading between 1.1 g/t Au and 1.5 g/t Au.
• The Company remains focused on the restart of its existing Wonawinta Silver
Mine and Processing Plant within the next 6 months.
• Exploration results of the upcoming drilling program will represent the first
steps toward growing the current 10-year Cobar Basin production plan
3,4
.
Dennis Karp, Manuka’s Executive Chairman, commented:
“We are delighted to confirm the details of our upcoming exploration drilling program at the Mt
Boppy Gold Mine and Pipeline Ridge gold prospect. The historic tenor of gold mineralisation
mined at Mt Boppy and the shallow gold mineralisation known to exist at Pipeline Ridge make
this program highly prospective and extremely exciting.
Drilling is scheduled to commence in December 2025 with assays expected to be received and
reported during Q1 of 2026. We look forward to providing update on the program as it

1
The Mount Boppy Gold Mine, NSW: A Leader in its Day and More to Come, Ken McQueen. Journal of Australasian Mining
History, Vol. 3, September 2005
2
ASX Release 14 February 2023
3
ASX Release 30 May 2025
4
ASX Release 5 August 2025

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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
progresses, and the potential to deliver impactful results for our shareholders.


Figure 1: Location Mt Boppy and Pipeline Ridge among Manuka’s package of Cobar
Basin assets including the Wonawinta Silver Mine


Mt Boppy

The Mt Boppy deposit is silica dominated with associated veining and brecciation, indicating a
high-level hydrothermal system with multiple fluid phases. Planning of the upcoming exploration
program has integrated historic borehole geology and surface/airborne geophysics to refine
drilling targets.

What is evident is that complex thrusting and transpressional structures have emanated north
from the closure of the eastern Cobar basin rift shoulder. The coeval and adjacent Florida
volcanics (rhyo-dacite intrusives and subaerial felsic volcanic sequence) provide a potential
heat and fluid source for development of epigenetic gold deposits displaying some low-sulphur
epithermal characteristics.

Initial drilling at Mt Boppy will target the identification of gold mineralised zones and structures
(~200 to +500m below surface) that would underpin follow up phases of drilling and future
Resource upgrades (Figures 2).

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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




Figure 2: Mt Boppy Southern extension Phase 1 drilling plan N-S section


Pipeline Ridge

The Pipeline Ridge prospect is a volcanic massive sulphide (“VMS”) style deposit located
approximately 28km south of Mt Boppy. The prospect historically has attracted a number of
phases of exploration drilling (totalling 6,590m DD; 6,079m RC and 4,832m RAB or Air Core).
Evaluation of the various drilling campaigns (some were for base metals and others gold) has
delineated a structurally controlled zone of gold mineralisation that requires validation.

Two zones of gold mineralisation (295m & 180m strike) locate within a larger ~1000m strike
length with intersections occurring down to over 150m depth (Figure 3). The Phase 1 drilling at
Pipeline Ridge is designed to delineate shallow (60m deep) free-milling gold oxide Resource for
potential open pit extraction, with Phase 2 drilling follow up deeper mineralisation.
.




Figure 3: (Left) Pipeline Ridge Phase 1 drill collars (Blue) with gold intersections in
relationship to North and South oxide open pit target zones. (Right) View looking north
showing distribution of deeper gold mineralisation relative to shallow oxide target zones

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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



This announcement has been approved for release by the Board of Directors of
Manuka Resources Limited.


For further information contact:

Dennis Karp
Executive Chairman
Manuka Resources Limited
Tel. 02 7253 2020
admin@manukaresources.com.au

Compliance Statements
The information in this announcement that relates to previously reported Exploration Results, Exploration
Targets, Mineral Resources, Ore Reserves, Production Targets and Financial Forecasts is extracted from
the Company’s ASX announcements and are available to view on the Company’s website. The Company
confirms that in the case of estimates of Mineral Resources and Ore Reserves, that all material
assumptions and technical parameters underpinning the estimates in the relevant announcement
continue to apply and have not materially changed. The Company confirms that the form and context in
which the Competent Person’s findings are presented have not been materially altered.

Important Information
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Company’s expectations about the performance of its businesses. Forward-looking words such as
“expect”, “should”, “could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”, “estimate”, “target” or other
similar expressions are intended to identify forward-looking statements. Such statements involve known
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the control of the Company, and which may cause actual results, performance or achievements to differ
materially from those expressed or implied by such statements. Forward-looking statements are provided
as a general guide only and should not be relied on as an indication or guarantee of future performance.
Given these uncertainties, recipients are cautioned to not place undue reliance on any forward-looking
statement. Subject to any continuing obligations under applicable law, the Company disclaims any
obligation or undertaking to disseminate any updates or revisions to any forward-looking statements in
this report to reflect any change in expectations in relation to any forward-looking statements or any
change in events, conditions or circumstances on which any such statement is based. No Limited Party
or any other person makes any representation or gives any assurance or guarantee that the occurrence
of the events expressed or implied in any forward-looking statements in the report will occur.