• Binding offer received for new debt facility to refinance existing senior debt and restart 1Mtpa Wonawinta Processing Plant
• Restart production at Wonawinta in Q1 2026, leveraging existing infrastructure
• Cobar Basin Production Target of 19.0Moz silver and 47koz gold over 10 years

Manuka Resources Limited (ASX:MKR) has received a binding offer for a new debt facility from an Australian non-bank lender to refinance the Company's existing senior debt facility and support the restart of the 1Mtpa Wonawinta Processing Plant located in the prolific Cobar Basin, NSW. The Company aims to finalize negotiations of the new debt facility and execute binding documents over the coming quarter, with the goal of restarting production at the Wonawinta Processing Plant in the first quarter of 2026. Manuka's Cobar Basin assets include the shallow (<60m) Wonawinta silver resource comprising 38.3Mt at 41.3g/t Ag containing 51Moz silver, as well as the Mt Boppy gold project with an Open Pit Probable Gold Reserve of 290kt at 4.2g/t Au containing 39koz gold and a stockpile and tailings Resource of 2.2Mt at 0.84g/t containing 60koz of Gold. The existing senior debt facility of US$12,416,132 has been assigned from TransAsia Private Capital to a unit trust comprising existing significant (non-related party) shareholders, and the maturity date has been extended by 6 months to March 2026. Manuka has released a 10-year production plan based on its Cobar Basin assets, with a capital expenditure of A$18.9M required to bring the Wonawinta processing plant back into production. At an assumed silver price of A$50/oz and average All-In Sustaining Cost of A$35/oz, the Project delivers an average EBITDA of A$22M per annum at an IRR of 109% and NPV8 of A$101M. Additionally, the Maiden Mt Boppy Open Pit Probable Gold Reserve would add NPV8 of A$43.2M to the Project at an assumed gold price of A$5,000/oz.

The Cobar Basin Production Target comprises the mining and processing of 10.9Mt containing 19.0Moz silver and 47koz of gold over 10 years.

Manuka aims to finalize negotiations of the new debt facility and execute binding documents over the coming quarter and restart production at the Wonawinta Processing Plant in the first quarter of 2026.