Manuka Resources Ltd · ASX:MKR
Manuka Resources — Investor Presentation (September 2026)
16 slides from Manuka Resources's investor presentation, Sep 7, 2026
Slide 1: Building Australia's Leading Primary Silver Producer
For personal use only BUILDING AUSTRALIA’S LEADING PRIMARY SILVER PRODUCER 1 Gold production now. Silver next. Cashflow starts September. 7 September 2026
Slide 2: Disclaimer
Disclaimer This disclaimer applies to this presentation and the information contained in it (the Presentation). By reading this disclaimer you agree to be bound by it. The Presentation has been prepared by Manuka Resources Limited and relates to its subsidiaries, related parties and any new assets o
Slide 3: Regional Location
Regional Location For personal use only STATIC GRIZZLY DRY CONE CRUSHER SLEWING CONVEYOR CONVEYOR TO BALL MILL Established Cobar Basin infrastructure | Gold & silver production hub 3
Slide 4: Tier-1 Mining District: Cobar Basin, NSW
TIER-1 MINING DISTRICT Cobar Basin, NSW For personal use only 2025 US1.03B acquisition of CSA Metals Recent market capitalisation - US$12.4B 2023 acquisition of Endeavour Mine from CBH Resources Recent market capitalisation - A$270M 2021 A$76.1M acquisition of Peak Mine from New Gold Recent market c
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS Gold producer transitioning to primary silver production For personal use only Now in production!! Strong economics • Gold production underway at Wonawinta • Unhedged exposure to gold and silver • Generating positive cashflows from Sept. • Existing infrastructure lowers restart
Slide 6: Corporate Snapshot
CORPORATE SNAPSHOT Corporate Structure • ASX: MKR For personal use only • Market cap: ~A$124M1 • Shares - 1,587M • Options/ warrants - 107M • Cash (& available liquidity) - A$12.8M2 • Debt Outstanding - $A48M 1. as of 2/9/26 2. as of 30/6/26 Board & Key Management • Dennis Karp - Exec Chairman Near-
Slide 7: Wonawinta Today: Australia's Largest Primary Silver Opportunity
WONAWINTA TODAY Australia’s Largest Primary Silver Opportunity Highlights Figure: Aerial view of the existing Wonawinta 1mtpa Processing For personal use only Plant with tailings dam in the background • 1Mtpa processing plant - built, permitted and operating • 12.8Moz Ore Reserve 1 underpinning the
Slide 8: Process Path: Key plant upgrade, new de-slime circuit
PROCESS PATH Key plant upgrade: New de-slime circuit For personal use only STATIC GRIZZLY DRY CONE CRUSHER 8 SLEWING CONVEYOR CONVEYOR TO BALL MILL 8
Slide 9: Wonawinta Today: Significant Exploration Potential
I WONAWINTA TODAY Significant Exploration Potential Figure: Aerial view of the existing Wonawinta 1mtpa Processing Wonawinta in-ground resource1 For personal use only Plant with tailings dam in the background 9 Wonawinta Ore Reserve estimate2 1. ASX release 1 April 2021 2. ASX release 13 July 2026 9
Slide 10: Mt Boppy Today: Initial gold feed for Wonawinta
MT BOPPY Figure: Aerial view of Mt Boppy Gold Mine looking south across the Main Rock Dump toward the Open Pit and TSF3 Tailings impoundment. TODAY Initial gold feed for Wonawinta For personal use only • Historically one of NSW’s richest gold mines, producing ~500,000 oz Gold at ~15 g/t Au. • Total
Slide 11: Mt Boppy Tomorrow: Targeting mine-life extension
MT BOPPY TOMORROW Targeting mine-life extension and additional For personal use only gold feed • Significant exploration upside around the historic high- grade Mt Boppy gold system • Deep drilling has refined the geological model and structural controls • Priority targets include extensions and pote
Slide 12: Financial Outlook
FINANCIAL OUTLOOK Production underway Project Highlights For personal use only • 10 Year Mine Life Transition to operating cashflow • 10.9Mt Mine Production Target1 ⚬ 13.2Moz Silver (recovered)1 (potential increase from deslime Silver production targeted in 4Q26 circuit) ⚬ 35.2koz Gold (recovered)1
Slide 13: Production Profile 2026-27
PRODUCTION PROFILE 2026-27 For personal use only • Gold production underway, ramping to a maximum of 50,000t/month in • From February 2027, the plant will progress to processing the blend of silver September and continuing through to mid-December 2026. and gold ores, as it ramps up to ~90,000t/month
Slide 14: Project Sensitivity Analysis
PROJECT SENSITIVITY ANALYSIS Exceptional leverage to precious metals prices • Table based on NPV8 For personal use only • Prod assumptions of 13.2M oz silver1 & 35.2Koz gold1 • Potential silver recovery increase from deslime circuit • Unhedged production provides direct exposure to higher precious m
Slide 15: Why Consider Investing
WHY CONSIDER INVESTING Five reasons: PRODUCTION & CASHFLOW For personal use only Gold production underway • Operating cashflow commencing PRIMARY SILVER EXPOSURE EXISTING INFRASTRUCTURE 12.8Moz Ore Reserve • ~51Moz Resource 1Mtpa processing plant • Permitted • Silver production targeted 4Q26 • Estab
Slide 16: Contact Us
CONTACT USCorporate Office: Suite 405 Grafton Bond Building 201 Kent Street Sydney, NSW 2000 Australia For personal use only Email: admin@manukaresources.com.au 16 Contact Us www.manukaresources.com.au
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