• Fully underwritten Entitlement Offer to raise approximately A$8.0 million
• Offer Price of A$0.043 per New Share represents a 2.5% discount on the last closing price
• Funds raised will be used to progress workstreams relating to the restart of the Wonawinta processing plant, the commencement of the Company's 10-year Cobar Basin Production Plan, repayment of debt and continued progression of Trans-Tasman Resources through the New Zealand Fast-track approval process

Manuka Resources Limited (ASX: MKR) is pleased to announce that it is conducting a fully underwritten non-renounceable entitlement offer of new shares (each, a New Share) to raise approximately A$8.0 million (before costs) (Entitlement Offer). The offer price per New Share offered under the Entitlement Offer is $0.043 (Offer Price), which represents a discount of approximately 2.5% to the closing price of the Company's existing shares on ASX on Wednesday, 2 July 2025. New Shares are being offered to Shareholders with a registered address in Australia or New Zealand as at 7pm (Sydney time) on Thursday, 17 July 2025 (Record Date) (Eligible Shareholders) on the offer ratio of 2 New Shares for every 9 Shares held. The Entitlement Offer is being fully underwritten by Claymore Capital Pty Ltd, with separate sub-underwriting arrangements entered into with Lithuanian-Australian businessman Mr Antanas Guoga and another investor who is a client of the Lead Manager. Funds raised via the Entitlement Offer will be used to progress workstreams relating to the restart of the Company's Wonawinta processing plant, for the commencement of the Cobar Basin Production Plan, for the repayment of debt and for general working capital (including to pay the costs of the Entitlement Offer) purposes. The Company is targeting the recommencement of silver and gold production early Q1 of Calendar Year 2026.

The Company is targeting the recommencement of silver and gold production early Q1 of Calendar Year 2026.