• Manuka's Wonawinta silver and Mt Boppy gold projects have satisfied Nebari's technical due diligence
• Nebari's legal due diligence is expected to be completed imminently
• The loan facility will fund Manuka through to silver production at Wonawinta in Q2 2026

Manuka Resources Limited (ASX:MKR) has announced that its Wonawinta silver project and Mt Boppy gold project have satisfactorily completed the technical due diligence ('DD') required by Nebari Natural Resources Credit Fund II LP for a proposed US$22.5 million senior secured loan facility. Manuka executed a term sheet with Nebari for this loan facility on 1 December 2025, with the final approval contingent on Nebari's completion of technical, commercial and legal due diligence. Manuka is now awaiting the finalization of Nebari's legal DD, which is expected imminently. The current timetable estimates the signing of definitive agreements around 20 February 2026, subject to final Nebari credit approval. Together with a recent A$15 million capital raising, the loan facility will ensure Manuka is fully funded through to the production of silver at its 100% owned Wonawinta Silver Mine and Plant, with the company targeting first silver production in Q2 2026. The facility will also enable Manuka to repay a portion of its existing debt and support the company's working capital requirements. Manuka's Executive Chairman, Dennis Karp, commented that the debt component completes the company's financing requirements and will ensure it is funded to silver and gold metal production, with the projects commencing production on stockpiles and becoming cash flow positive in the initial quarter of production.

The loan facility will ensure Manuka is fully funded through to the production of silver at its Wonawinta Silver Mine and Plant, with the company targeting first silver production in Q2 2026. The facility will also enable Manuka to repay a portion of its existing debt and support the company's working capital requirements.