First Gold Revenues from Wonawinta

ASX Announcement
1 October 2026

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

FIRST GOLD REVENUES FROM WONAWINTA

Highlights
• First gold revenues received following the restart of operations at Wonawinta – a major
milestone in the Wonawinta processing plant recommissioning and metal production ramp
up
• Manuka has achieved over five weeks of consistent gold processing since gold ore
processing recommenced at Wonawinta in August 2026
• The plant is ramping up processing of Mt Boppy material (comprising ROM and rock
dumps)
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to a rate of1,750t/day at a head grade of ~1.0 g/t Au, with recoveries of
approximately 75%, and improving
• Gold inventory still building on carbon in the leach circuit – sale volumes expected to
increase through October as the circuit reaches steady state, production volumes and the
gold loading on carbon increase
• Next gold shipment scheduled for mid-October, with carbon stripping and shipments
anticipated on a fortnightly cycle
• Manuka will report gold sales and key plant metrics monthly until ramp-up is complete
• Silver processing crushing and deslime circuits installation progressing, with
commissioning targeted for late 2026 to Q1 2027 – the next step to becoming a combined
gold–silver producer

Recurring Gold Sales

Manuka Resources Limited (“Manuka” or the “Company”) is pleased to announce the receipt
of its first gold revenues following the recent restart of gold production at the Company’s 100%-
owned Wonawinta processing facility in the Cobar Basin, NSW.

This is expected to be the commencement of regular fortnightly revenues from gold production
with the next scheduled for 15 October and fortnightly thereafter. The Company is steadily
building the gold densities of the carbon within its tanks. This gold is from the processing of gold
bearing material sourced from our 100% owned Mt Boppy gold project.

Based on the current feed grade of the Mt Boppy material through the plant (~1g/t Au) and
current gold recoveries approximately 75%, the Company expects fortnightly revenue streams
from gold ore processing to the end of 2026 within the range of A$3.0 - A$4.0m
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per fortnight.
Updated forecasts will be provided when the silver circuit is commissioned.

This gold sale represents an important milestone in the restart of the Wonawinta processing
facility, with Manuka having progressed from recommencement of gold processing on 22
August, through to the generation of cash revenue from gold production to early 2027.

Gold production represents the first stage of Manuka’s broader production strategy at
Wonawinta.


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ASX Release 30 May 2025
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Basis A$6,000/oz Au

Page | 2

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
The Company is continuing preparations for installation and commissioning of the new silver
processing circuits, ahead of the planned transition to combined gold and silver production.

Dennis Karp, Executive Chairman, commented:
“Manuka is building a long-life precious metals production business in the Cobar Basin, centred
on our Wonawinta processing facility and our 100% owned various sources of gold and silver
mill feed.
This first gold sale is an important step in delivering on that strategy. We have now moved from
restarting the metallurgical plant to producing gold, generating revenue and establishing
recurring cash inflows from the operation.
Our focus now is on continuing to ramp up gold production while progressing the silver circuit,
which will enable Wonawinta to fully transition to combined gold and silver production. This is
where we see the real scale of the opportunity emerging.”

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
This report includes forward-looking statements and comments about future events, including the
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
and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond
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.