Slide 1: Taranaki VTM Project Pre-Feasibility Study Presentation
23 April 2025 Fast Track application lodged 15 April 2025 Taranaki VTM Project Pre-Feasibility Study Presentation A Nationally Significant Project providing shareholders with strategic exposure to Iron Ore and Critical Minerals Vanadium and Titanium in New Zealand
Slide 2: Disclaimer
Disclaimer This disclaimer applies to this presentation and the information contained in it (the Presentation). By reading complete or that it contains all information about the Company that a prospective investor or purchaser may this disclaimer you agree to be bound by it. The Presentation has bee
Slide 3: About the Taranaki VTM Project
About the Taranaki VTM Project ✓ 100% Owned by Manuka’s subsidiary Trans-Tasman Resources (“TTR”) ✓ Granted Mining Permit MMP55581 and exploration permit MEP54068 ✓ 3.2Bt Resource1 of Vanadiferous Titanomagnetite (“VTM”) iron sands located in the shallow waters of the South Taranaki Bight, New Zeala
Slide 4: Pre-Feasibility Study Highlights
Pre-Feasibility Study Highlights ASX Release 26 March 2025 3.2Bt Mineral Resource NPV10 Large World Class Iron Sands Deposit, South Taranaki Bight NZ Initial 20-year Mine Life US$1.26B with material mine life extension opportunities 4.9Mtpa 56-57%Fe IRR 39% + Vanadium and Titanium (Critical Minerals
Slide 5: Mineral Resource and Production Target
Mineral Resource1 and Production Target2 Initial Mine Plan of 20 Years is based on mining 1Bt of iron sands in granted Mining Lease MMP55581 to produce 4.9Mt pa of VTM Concentrate2 Resource Bt Fe2O3 TiO2 V2O5 Indicated 1.4 10.37% 1.05% 0.05% Total Resources within MMP55581 comprises 1.9Bt of 75% Ind
Slide 6: Operations
Operations Integrated Mining Vessel ✓ Iron sands will be mined using seabed crawlers at a rate of 50Mtpa and pumped as a slurry to an Integrated Mining Vessel (“IMV”) on the surface ✓ Onboard the IMV, the sand will be screened, magnetically separated and ground, before a final magnetic separation to
Slide 7: Project Costs
Project Costs OPEX Costs by Input Item US$/t Concentrate Contractor Costs 7.00 ✓ Operating costs have been estimated on Fuel 8.12 the basis that all primary mining and Repairs & Maintenance 2.04 process operations will be carried out by Labour 6.27 the Company Insurance 0.57 ✓ All transfer and suppo
Slide 8: National Significance
National Significance The Project was included in Schedule 2 (projects to be directly referred to an Expert Panel) of the recently passed New Zealand Fast Track Approvals Act 20242 ✓ New Zealand’s stated objective is to The Company submitted its application on 15 April double mineral export earnings
Slide 9: Corporate Summary
Corporate Summary Share Price History Capital Structure Shares Outstanding 810M Options Outstanding 206M Share Price A$0.039 Market Capitalisation A$31.6M Cash A$2.0M As at 31 December 2024 Debt Outstanding ~A$38.6M As at 31 December 2024 • A$19.1M TransAsia Pty Ltd - Senior Debt Facility • A$12.5M
Slide 10: Thank you
Thank you Corporate Office: Suite 405 Grafton Bond Building 201 Kent Street Sydney, NSW 2000 Australia Phone: 02 7253 2020 Email: admin@manukaresources.com.au 10