Manuka Resources Limited

Overview

Manuka’s strategic focus is led by its wholly owned New Zealand subsidiary, Trans-Tasman Resources Limited (TTR), which is advancing the Taranaki VTM Project through the New Zealand Government’s Fast Track Approvals process.

The Project is expected to be a top-tier contributor to New Zealand’s export economy and deliver long-term regional and national economic benefits.

In parallel, Manuka is preparing to recommence production from its Australian-based assets — the

Wonawinta Silver Mine and the Mt Boppy Gold Project. Both projects are fully permitted and supported by a 1Mtpa centralised processing plant at Wonawinta. The Company recently announced JORC-compliant Ore Reserves at both projects, including a July 2025 open pit Probable Reserve at Mt Boppy of 290kt @ 4.2g/t Au for ~39,100oz, underpinning the staged restart of operations.

Performance

The following information was extracted from Manuka Resources Annual Report, released on 1 October 2026:

FY26 was the most consequential year in Manuka’s brief history. It was the year we progressed the Wonawinta restart story on a number of fronts, all of which have contributed to the commencement of production (as at time of writing). We recapitalised the balance sheet, rebuilt the Wonawinta workforce from five people during care and maintenance to a team of over 80 today, refurbished and re-commissioned the processing plant, declared a maiden Ore Reserve at Mt Boppy, listed on the NZX Main Board and secured funding to bring silver and gold back into production. We also had a draft decision issued to decline our Fast-track environmental consents application in Taranaki in February 2026 and withdrew the application. The company can reapply for the consents and is assessing its options to progress the project to development. Manuka enters FY27 in a far stronger position than it has been for several years.

FY26 Highlights

• Maiden Probable Ore Reserve at Mt Boppy: 290,000t at 4.2g/t gold for 39,000oz (July 2025).

• A$8.0m entitlement offer (Jul–Aug 2025) and A$15.0m institutional placement (Oct 2025) funded the Wonawinta restart.

• Dual listing on the NZX Main Board effective 29 September 2025.

• US$30m senior debt facility with Nebari Natural Resources Credit Fund II, fully drawn by 29 June 2026.

• Binding Letter of Intent with Macmahon Holdings for open-pit mining services at Wonawinta.

• Wonawinta plant refurbishment (>1.0Mtpa capacity); and new crushing and deslime circuits ordered; 50,000+ tonnes of Mt Boppy gold ore stockpiled.

• Taranaki VTM fast-track marine consent application withdrawn in February 2026 after draft panel decision to decline; 100% ownership and the right to reapply retained.