• Manuka Resources enters into a US$30 million senior secured term facility with Nebari Natural Resources Credit Fund II
• Facility will be used to refinance existing debts and fund Wonawinta silver and Canbelego gold mining projects
• Tranche 1 of the facility was drawn and funds received on 27 February 2026

Manuka Resources Ltd (Manuka) has entered into definitive loan documentation for a US$30 million senior secured term facility with US global resource fund Nebari Natural Resources Credit Fund II, LP (Nebari). The facility will be used to refinance Manuka's existing debts as well as to provide further funding for its Wonawinta silver mining and Canbelego gold mining projects. Tranche 1 of the facility, worth US$26 million, was drawn and funds received on 27 February 2026. Manuka had previously announced a term sheet with Nebari for US$22.5 million, but has since increased the facility to US$30 million and repaid its existing A$19 million senior secured debt in full. The facility has a 4-year term with scheduled principal repayments commencing after 18 months. Interest costs are paid monthly at a rate of the higher of 3-month SOFR and 4% plus an 8.5% margin. Manuka has provided security over all its assets in favour of Nebari. In addition, Nebari has been issued 36,423,612 warrants (Tranche 1 Warrants) and will be issued additional warrants (Tranche 2 Warrants) upon drawing the Tranche 2 Commitment funds. The warrants have an exercise price of $0.2004 and expire in 2030.