Advances Towards Production following Funding Draw Down

Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000
ABN 80 611 963 225 tel +612 7253 2020 www.manukaresources.com.au

ASX Announcement
Market Sensitive

29 June 2026

ASX: MKR




Manuka advances towards production following final Nebari funding
drawdown

Manuka Resources Ltd (Manuka) advises that Tranche 2 of the US$30 million senior secured term
facility with Nebari Natural Resources Credit Fund II, LP (Nebari) (the Facility) as announced on 2
March 2026 (Original Announcement) has been fully drawn down with the funds received on 26
June 2026.

The Tranche 2 drawdown, equivalent to US$4 million (approximately A$5.8million) will provide the
additional funding for the Wonawinta silver mining and Canbelego gold mining projects as originally
budgeted. Further details are as follows (and as previously announced through the ASX on 2 March
2026).

Tranche 2 Warrants
In consideration for the Tranche 2 drawdown, Nebari has been issued with 8,232,731 warrants over
unissued new shares in the Company (Tranche 2 Warrants) calculated in accordance with the
formula as set out in Schedule 2 of the Original Announcement.

Each Tranche 2 Warrant confers, but does not oblige the holder, to subscribe for one new fully paid
ordinary share in the Company at the Tranche 2 Exercise Price at any time, up 5.00pm (Sydney
time) on the Tranche 2 Expiry Date.

Exercise Price: $0.1357.

Expiry Date: 26 June 2030 (5.00pm AEST).

The Tranche 2 Warrants will be issued under the Company’s available placement capacity pursuant
to ASX Listing Rule 7.1.

Consistent with the Facility terms disclosed in the Original Announcement, both the number of
Warrants and the Exercise Price were determined prior to drawn down.

Project Update
Manuka continues to progress towards the recommencement of gold and silver production
at its 100% owed Wonawinta Silver Project and Mt Boppy Gold Project.

Crushing, screening and haulage of gold-bearing material from Mt Boppy waste and rock dumps to
the Wonawinta processing plant, has continued since 21 April 2026 in preparation for first ore
processing.

This is in anticipation of commencing processing and producing gold in the three months prior to the
start of silver production. Gold processing revenues are expected to commence around mid-July
2026, with silver production targeted to commence late September.

Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000
ABN 80 611 963 225 tel +612 7253 2020 www.manukaresources.com.au
The Company also expects to release an updated Ore Reserve and revised Life of Mine Plan for the
Wonawinta silver project later this week.

Manuka’s Managing Director and Executive Chairman, Mr. Dennis Karp noted: “The past three to
four months on site at Wonawinta have been extremely busy. While this has been described as a
recommencement of production, we have effectively rebuilt the operation from a care and
maintenance workforce of just five employees to a site team now exceeding 80 personnel, with
production now exceeding 1.0Mtpa.

During this period, we have undertaken a major refurbishment of the processing plant, progressed
installation of a significant new deslime circuit and expanded the accommodation camp with capacity
for a further 48 personnel.

The second tranche funding from Nebari is an important milestone as we complete the final stages
of recommissioning and move into production.

The commencement of gold and silver production in the coming weeks will represent an
important milestone for the Company, as we transition back into profitable operations.”


Authorised for release by the Manuka Resources Limited Board.

Dennis Karp
Executive Chairman