Manuka Resources Ltd · ASX:MKR
Manuka Resources — Blue Ocean Equities Conference (February 2026)
20 slides from Manuka Resources's conference presentation, Feb 3, 2026
Slide 1: Blue Ocean Equities Conference
3 February 2026 Blue Ocean Equities Conference For personal use only Updated Cobar Basin PFS1 – Substantial lift in profit and NPV, on track to commence production Q2 2026 (completely unhedged) An ASX/NZX-listed Producer, Developer and Explorer with Precious Metals assets in the Cobar Basin and Iron
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 Manuka
About Manuka Phased Strategy to deliver Self-sustaining ✓ ASX listed mine operator, Value Creation Long Term developer and explorer Strategic Value For personal use only ✓ Near-term production from Gold Near Term Cashflow Taranaki VTM Project3 and Silver assets located in the ▪ Large company-making
Slide 4: Corporate Summary
Corporate Summary Share Price History Capital Structure Shares Outstanding 1,452M Options/warrants Outstanding 235M For personal use only Share Price (30 January 2026) c/share 20c Market Capitalisation A$290M Cash (plus available liquidity) A$8.4M Debt Outstanding A$24.2M 31 Dec 2025 • A$19.3M - Sen
Slide 5: Board and Key Management Personnel
Board and Key Management Personnel Track record of value creation combined with deep and relevant operational experience Dennis was Head of Trading at HSBC Australia prior to joining Tennant Limited in 1997, one of Australia’s largest physical commodities trading For personal use only Dennis Karp co
Slide 6: Cobar Basin, New South Wales
Welcome to Cobar – a mining town through and through since the 1860’s Cobar Basin, New South Wales For personal use only February 2026 6
Slide 7: Assets of Strategic Value in a Tier-1 precious metals district
Manuka holds Assets of Strategic Value in a Tier -1 precious metals and base metals district 2025 US$1.03B acquisition of CSA Metals Acquisition Corp Endeavour Mine Current Market Cap = US$11.32B For personal use only 2023 acquisition of Endeavour Mine CSA Mine from CBH Resources Tritton Mines Cobar
Slide 8: Wonawinta Silver Mine
Wonawinta Silver Mine (100% Manuka) • Existing 1Mtpa CIL Processing Plant and associated Infrastructure built by CCR in 2012 for approximately A$60M. For personal use only • Two existing and three planned Open Pits. • Currently on active Care & Maintenance. • Historic Production of 3.2Moz including
Slide 9: Wonawinta Silver Mine Resource
Wonawinta Silver Mine (100% Manuka) Wonawinta - in-ground Resource For personal use only Ag Ag Pb Pb Resource Mt (g/t) (Moz) (%) (kt) Measured 1.1 47.3 1.7 0.69 7.5 Indicated 12.3 45.5 18.0 0.83 102.8 Inferred 24.9 39.0 31.3 0.39 96.9 Total 38.3 41.3 50.9 0.54 207.2 Wonawinta - ROM Stockpiles Resour
Slide 10: Mt Boppy Gold Mine
Mt Boppy Gold Mine (100% Manuka) • Historically one of NSW’s richest gold For personal use only mines, having produced ~500,000 oz Gold at ~15 g/t Au. • Granted Mining Lease. • Existing 48-bed mining camp and ancillary infrastructure located on site. • Total 2.6Mt Resource at 1.32g/t o 0.3Mt at 4.12
Slide 11: Mt Boppy Gold Mine Deep Drilling Commenced
Mt Boppy Gold Mine Deep Drilling Commenced Early December 2025 (100% Manuka) Mt Boppy - in-ground Resource For personal use only Au Au Resource kt (g/t) (koz) Measured 167 4.01 22 Indicated 165 4.24 22 Total 333 4.12 44 Mt Boppy – Rock Dump, Tailings and Stockpiles Figure 1: Mt Boppy Long Section lo
Slide 12: Project Summary (updated pricing)
Project Summary (updated pricing) • Manuka intends to restart the Wonawinta Processing Plant that is currently on active care and maintenance. Highlights • The Plant will undergo a 6-month refurbishment and upgrade, • 10 Year Mine Life adding a front-end deslime and dewatering circuit to enhance For
Slide 13: Project Implementation
Project Implementation Capital Cost Breakdown Indicative Timeline to Production For personal use only Pre During Life of 2025 2026 Item Revenue Operations Mine Capex Workstream May Aug Nov Sep Dec Feb Mar Jun Jan Apr Oct Jul Plant upgrades (incl. 11.8 2.0 13.8 thickener & detox) Final Investment Dec
Slide 14: Physicals – Annual Summary
Physicals – Annual Summary Released on ASX 30 January 2026 For personal use only The Production Target underpinning Financial Forecasts presented within this Presentation comprises 8% Measured Resources, 54% Indicated Resources, 39% Inferred Resources. Of the 10.9Mt Production Target 59% has been co
Slide 15: Financial Forecast - annual summaries
Financial Forecast - annual summaries For personal use only The Cobar Basin Production Plan financial forecasts released on ASX on 30 January 2026. As disclosed on footnote 6 on slide 3 of this presentation the Production Target and all other material assumptions underpinning the Production Target a
Slide 16: Taranaki VTM Project, South Taranaki Bight New Zealand
Taranaki VTM Project, South Taranaki Bight New Zealand For personal use only 3D rendering of the proposed Integrate Mining Vessel to be used to mine (via seabed crawlers) and concentrate VTM Iron Sands for sale and redeposit residual sand on the sea floor February 2026 16
Slide 17: About the Taranaki VTM Project
About the Taranaki VTM Project ✓ 100% Owned by Manuka’s subsidiary For personal use only Trans Tasman Resources (“TTR”) ✓ Granted Mining Permit MMP55581 and exploration permit MEP54068. ✓ 3.2Bt Resource1 of Vanadiferous Titanomagnetite (“VTM”) sands located in the shallow waters of the South Taranak
Slide 18: Pre-Feasibility Study Highlights
Pre-Feasibility Study Highlights ASX Release 26 March 2025 For personal use only 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 Tita
Slide 19: National Significance Fast-track Approvals Process
National Significance Fast-track Approvals Process 15 Apr 25 - Application Lodged ✓ New Zealand’s stated objective is to 15 May 25 - Application Deemed Completed For personal use only double mineral export earnings from NZ$1.5B to NZ$3B per annum over 29 May 25 - No Competing Application Decision Ma
Slide 20: Corporate Office
For personal use only Corporate Office: Suite 405 Grafton Bond Building 201 Kent Street Sydney, NSW 2000 Australia Phone: 02 7253 2020 Email: admin@manukaresources.com.au 20
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