• Large company-making iron ore sands project with 3.2Bt Vanadium, Titanium, Magnetite (VTM) Resource
• Focused on bringing Cobar Basin precious metal assets back online Q2 2026
• Existing 1Mtpa Processing Plant and associated infrastructure located at Wonawinta, strategically located within the Cobar Basin

Manuka Resources Ltd is an ASX/NZX-listed producer, developer and explorer with precious metals assets in the Cobar Basin, New South Wales, and iron ore and critical minerals assets in New Zealand. The company is focused on bringing its Cobar Basin precious metal assets back online in Q2 2026, with a 10-year mine plan and 10.9Mt production target comprising 19Moz Silver from Wonawinta Open Pits and ROM Stockpiles, and 46koz Gold from the Mt Boppy Open Pit and Wonawinta/Mt Boppy Stockpiles. The existing 1Mtpa processing plant and associated infrastructure at Wonawinta, strategically located within the Cobar Basin, will be used to restart production. The restart costs are estimated at A$18.9M, including the addition of a deslime circuit to enhance plant performance. The company expects an average EBITDA of circa A$106M, resulting in an NPV8 of A$668M and an IRR of approximately 106% based on a silver price of A$107.50/oz. Manuka also has a large, company-making iron ore sands project in the Taranaki Bight, New Zealand, with a 3.2Bt Vanadium, Titanium, Magnetite (VTM) Resource. The project is currently undergoing the NZ Fast-track approvals process, with a decision expected on 18 March 2026.

Manuka expects to commence gold and silver production from its Cobar Basin assets in Q2 2026, with a 10-year mine plan and 10.9Mt production target comprising 19Moz Silver and 46koz Gold. The company expects an average EBITDA of circa A$106M, resulting in an NPV8 of A$668M and an IRR of approximately 106% based on a silver price of A$107.50/oz.