• Firm commitments received for A$15 million capital raise
• Funds to accelerate production at Wonawinta Silver Mine and exploration at Mt Boppy Gold Mine
• Placement price at 19.4% discount to last close

Manuka Resources Ltd has received firm commitments from institutional investors for a A$15 million capital raise via a share placement. The funds will be used to accelerate the company's 100% owned silver and gold assets in the Cobar Basin, New South Wales. This includes capital expenditure to restart production at the Wonawinta Silver Mine within the next 6 months and exploration drilling at the shallow and highly prospective Pipeline Ridge gold deposit located 15km south of the Mt Boppy Gold Mine. The placement price of A$0.075 per share represents a 19.4% discount to the last closing price and a 9.8% discount to the 5-day VWAP. The placement will be conducted in two tranches, with the first tranche of approximately 34.4 million shares to be issued within the company's existing placement capacity, and the second tranche of approximately 165.6 million shares subject to shareholder approval at the upcoming AGM in late November 2025. The company's Executive Chairman, Dennis Karp, commented that the capital raising demonstrates investor enthusiasm for Manuka's silver and gold projects and will allow the company to progress towards production and generate free cash flow in the first half of 2026.

The capital raising will allow Manuka to commence upgrades to the existing 1Mtpa Wonawinta processing plant and progress towards silver and gold production and the generation of free cash flow in the first half of 2026. The exploration drilling at Mt Boppy and Pipeline Ridge also provides a potential near-term catalyst for high-impact results to support the company's broader Cobar Basin ambitions.