Announcement PDF Manuka Resources Limited (“Manuka” or the “Company”) advises that it has amended the attached Mt Boppy Gold Resource Update with an amendment to the quote from the Chairman contained in the final paragraph of page one of the attached report. This announcement has been approved for release by the chairman of Manuka Resources Limited. For further information contact: Dennis Karp Executive Chairman Manuka Resources Limited 0412 268 114 Media Contact Ben Henri M+C Partners 0473 246 040 Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 tel +61 (0)2 7253 2020 www.manukaresources.com.au ASX Announcement 24 August 2023 ASX: MKR 360% increase in Mt Boppy Total Gold Resources 80% increase in ‘Measured & Indicated’ Manuka Resources Limited (“Manuka” or the “Company”) is pleased to release an updated Mineral Resources Estimate at Mt Boppy. Gold production recently recommenced from the Project, initially from the screening of rock and tailings dumps1. Highlights: - Mt Boppy Total Gold Resources increased nearly 4 fold, to 160,100ozs grading 2.01g/t Au, including Measured Resources of 106,850t at 5.25 g/t Au for 18,028 oz gold; Indicated Resources of 715,088t at 2.54 g/t Au for 58,477 oz gold; and Inferred Resource of 1,770,335t at 1.47 g/t Au for 83,608 oz gold. - Measured & Indicated (M&I) Resources are up ~79% to ~76.5koz grading 3.53g/t - First Resource upgrade in over 12 months and incorporates results of recent bulk sampling and screening evaluation of rock dumps & tailings - Manuka reasonably expects to convert most of the Inferred Resource to an Indicated Resource category as production continues, as well as add additional ounces to the Inferred Resource - Manuka is yet to test Mt Boppy depth extensions which provides scope for continued Resource growth Dennis Karp, Manuka’s Executive Chairman, commented: “Mt Boppy has the makings of an exceptional gold asset. Having started life as a listed company with 39koz Au in Resources at Mt Boppy, we have produced >41koz Au (560kt @ 3g/t) and still have almost double that in current M&I Resources. To date we have added an additional 162koz, of which, importantly, 76.5koz is a measured and indicated resource and work continues on site with an aim to increase this substantially. The company has yet to test our most prospective exploration targets. 1 Dry tails emplacements from historic underground operations Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au With the anticipated cash flow from our gold production we are in a strong position to not only upgrade our Inferred ounces to higher categories but also continue to grow the overall resource.” Mt Boppy Resource Statement Mineral resources at Mt Boppy totalling 2,090,423 tonnes at a grade of 1.46 g/t Au for 98,367 oz Au have been delineated through a bulk sampling and screening evaluation of rock and tailings dumps on the property ML’s. These are incremental to the total Mt Boppy Opencut Resource, previously reported to the ASX on 29 July 2022, of 281,850 tonnes at a grade of 4.95 g/t Au for 44,820 ounces, that remain unchanged. The revised total classified Mineral Resources are shown in Table 1. The mineral resource estimate for Mt Boppy is contained within: • in situ rock dumps and tailings depositories, with in situ gold grades derived from bulk sampling material derived from mechanically pitting and trenching to 2-3m depth and screening +200, -200+20, +8-20, and -8mm size fractions, with cone measurements to ascertain mass % distribution and total volume treated. • an open cut pit shell that reaches a depth of 215m below surface at the southern end of the Mt Boppy deposit. Resources were reported July 2022 with respect to the current pit design. Material within the pit design is reported at a 1.6 g/t Au cut off and material below the pit design is reported to a 3.0 g/t Au cut off. The open cut is currently flooded and inaccessible for mining. Dewatering and a sidewall pushback is necessary to access and mine these resources. • a grade shell modelled at a 1.6 g/t cut off over the Boppy South mineral zone. This prospect still requires final drilling and evaluation before assessing establishing a small opencast. Table 1 - Mt Boppy Gold Resources at 21 August 2023 Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au The previous resource statement from July 2022 is shown in Table 2. Table 2 - Mt Boppy Gold Resource at 19 May 2022 A summary of the split of the current resources (vis rock dumps, tailings2 and hard rock opencast) is shown in Table 3. Table 3 - Mt Boppy Gold Resource by type at 21 August 2023 An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated or Measured Mineral Resource and cannot be converted to an Ore Reserve. It is reasonably expected that most of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. Based on the study herein reported, delineated mineralization of the Mt Boppy deposits is classified as Measured, Indicated and Inferred resources according to the definitions of the JORC Code (2012) as presented in Tables 1 and 3. The mineral resource is depleted for the Boppy opencut to the November 30th 2021 projected pit pick-up, and treated (screened) material on the Boppy ROM dump as at 21 August 2023. 2 Dry tails emplacements from historic underground operations Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au Rock Dump and Tailings Evaluation The Company has started producing gold from screening rock dump and tailings material at the Mt Boppy ROM. Bulk sample evaluation has continued and has progressed evaluation of the Mt Boppy Main waste rock dump, the low grade rock dump and tailings at the TSF3 impoundment. This estimate incorporates rock dump evaluation data compiled since the last mineral resources update 29 July 2022. The evaluation methodology has enabled assessment of the economic viability of treating screened rock dump fines plus tailings (these have already been subject to milling and cyanidation). The methodology to date has involved: - preliminary hand screening on a 40m grid - excavation using a 200mm skeleton bucket of 2-3m deep pits on a 40m grid - sub 8mm trommel screening of the sub200mm pile, which evolved to sub12mm trommel screening - Triple deck flat screening of sub 200mm piles producing sub10, +10-22, +22-200mm cones - Cones of material were sampled for assay every two front end loader buckets processed - Backup splits of each size sample were also taken, as well as pulps prior to bottle roll analysis Table 4 (below) shows the quantum of material evaluated for the various material sources. Over 5,000 tonnes of dump material has been bulk sampled to date. Table 4 - Mt Boppy Dump Evaluation Material Tested Figure 1 shows a drone image of the Boppy ROM bulk sampling. The screening operation is centralised, with -8 and +8-20 stockpiles being generated. The work has shown a clear increase of grade in the -8mm fraction. A +8-20mm split is also generated as a low grade stockpile. Figure 2 shows the indicated grades for the various screened sizes for the Mt Boppy ROM. Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au Figure 1: Drone view of Trench evaluation of the Mt Boppy ROM rock dump and tailings Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au Figure 2: Mt Bppy ROM Au g/t vs Screen fraction Gold analyses have been undertaken on the various size fractions at the Wonawinta Laboratory, with third party checks conducted at Gekko Laboratory (Ballarat) and ALS (Orange). Analyses include systematic bottle roll estimation of gold in solution amenable to cyanidation (AAS), analysis of tails for gold in acid soluble solids (Aqua Regia), combined to give an analysis of total gold in solution. Bottle Roll and Fire Assay checks were also conducted at Gekko. Table 5 shows the various surface dumps and current resource estimation Table 5: Mt Boppy surface rock dump and tailings sources and estimated resources Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au Notably the remaining extent of the Mt Boppy Main Waste dump provides an ongoing evaluation target ranging from 101-151 Koz Au at in situ grades estimated to be between 1.28 and 1.56 g/t gold. *The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition. Due to rounding to appropriate significant figures, minor discrepancies may occur. All tonnages reported are dry metric COMPETENT PERSON’S STATEMENT The information in this report that relates to Mt Boppy Dump Mineral Resources is based on, and fairly represents, information and supporting documentation prepared by Mr Philip Bentley, who is a Certified Professional by The South African Council for Natural Sciences (SACNASP # 400208/05 ) and is the Chief Geologist employed by Manuka Resources Ltd. Mr Bentley has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Bentley consents to the inclusion in the statement of the matters based on his information in the form and context in which it appears. About Manuka Manuka Resources Limited (ASX: MKR) is an Australian mining and exploration company with key assets located in the Cobar Basin, central west New South Wales. In addition to its recent acquisition of TransTasman Resources Limited owner of the Taranaki VTM Project, it is the 100% owner of two fully permitted mining projects, one gold and one silver, both within the Cobar Basin, which include the following: ▪ Gold - Mt Boppy Gold mine, 48-person mine camp and neighbouring tenements, hosting an existing open pit mineral resource3 and combined ROM, waste and tailings material all of which lend themselves to upgrading through screening. The Company has commenced a screening and gold recovery project, processing the product at its Wonawinta plant. It has confidence the gold from these sources can be extracted profitably and over a period of ~3 years. Manuka also awaits the outcome of its forthcoming exploration program to determine as to whether the future for mining any Mt Boppy extensions will be as an underground or open cast mine. ▪ Silver - Wonawinta silver project, with mine, 84 person mine camp, processing plant and neighbouring tenements. Previously renowned as the largest primary producer of silver in Australia, the mine hosts a significant JORC resource4. The Wonawinta processing plant has a nameplate capacity of >850,000 tonnes per year (which the Company now sees expanded to >1.0Mt/yr. The Company has recently completed a plant and metallurgical recovery optimisation. There exists a number of highly prospective base metals exploration targets on Manuka’s ~1,150km2 tenement package within the Cobar Basin. 3 ASX release 29 July 2022 4 ASX release 1 April 2021 Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au The Taranaki VTM Iron Sand Project recently released its maiden vanadium resource 5 which ranks it as one of the largest drilled vanadium projects globally. The Project has a granted mining licence and is in the lowest quartile of the iron ore production cost curve. The Company awaits the reissuance of its Environmental Approval before completing its Bankable Feasibility Study. This announcement has been approved for release by the chairman of Manuka Resources Limited. For further information contact: Dennis Karp Executive Chairman Manuka Resources Limited 0412 268 114 Media Contact Ben Henri M+C Partners 0473 246 040 Important Information This report includes forward-looking statements and comments about future events, including the Company’s expectations about the performance of its businesses. Forward-looking words such as “expect”, “should”, “could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”, “estimate”, “target” or other similar expressions are intended to identify forward-looking statements. Such statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company and which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Forward-looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward-looking statement. Subject to any continuing obligations under applicable law, the Company disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements in this report to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statement is based. No Limited Party or any other person makes any representation, or gives any assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements in the report will occur. 5 ASX release 1 March 2023 Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au Appendix 1: JORC Code 2012 Edition – Table 1 Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) • JORC Code explanation Criteria Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple. Drilling techniques • Drill type (eg core, reverse • PML and BOK: Diamond (HQ diameter) and RC drilling (5.5 Drill sample recovery Logging • Samples were collected from a variety of methods from three main phases of drilling: Polymetals (PML, 2002-2015), Black Oak Minerals (BOK, 2015), MAAS (2016) and Manuka Resources (MKR, 2020-present). • From historic reports, PML and BOK sampling techniques all followed industry best practice. • Sampling techniques for RC drilling comprised 1 m reverse circulation samples, from which 3 kg was pulverised to produce a 50 g charge for fire assay. • Diamond drill core was cut in half over varying interval lengths depending on logged geological units and was crushed and pulverised to produce a 50 g charge for fire assay. • Open hole percussion and blast hole samples collected over 2.5 m intervals sectioned the drill returns and pulverised to produce a 50g charge for fire assay or 200g charge for bottle roll leach • Rock and tailings dump samples were collected by mechanical excavations from 2-3m deep pits excavated on a 40m grid, followed by trenching joining the pits together. This material was screened initially through a rotating 8mm and subsequently 12mm trommel. Grade samples were taken from cones generated from each 2 Front End Loader (FEL) bucket feeds. circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, facesampling bit or other type, whether core is oriented and if so, by what method, etc). • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. inch face sampling bit), Open hole percussion blasthole drilling • MAAS: RC drilling (5.5 inch face sampling bit) • MKR: RC drilling (5.5 inch face sampling bit), open hole percussion blasthole drilling • Not applicable to dump evaluation • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage • Drill holes were geologically logged to various standards over the project history. Hardcopy logs are available for historic drilling. • For post-2011 PML diamond core drilling, core recovery and RQD data were recorded for the core run intervals, and core was routinely photographed. • It is unlikely that the historical grade control drilling was logged geologically. Recent (post-2013, BOK and MKR) grade control RC and blasthole drilling was logged for the presence of stope fill. • Dump samples were logged recording date, gps locality, volume and tonnage of resultant cones. Tonnages were • No recovery information is available for pre-2011 drilling • For PML and BOK RC drilling from 2011 onwards, recoveries were recorded by comparing the weight of each metre of sample to a theoretical sample weight, estimated using the hole diameter and the degree of weathering. The average recovery was calculated to be 80%, with no appreciable difference between weathering domains. • PML and BOK Diamond drilling recoveries were measured and recorded, with average recoveries of 98% within mineralized zones. There was no correlation between recovery and gold grades. • MKR RC drilling did not quantitatively record recovery but RC piles were qualitatively assessed. Poor to no recovery zones were commonly associated with historic stopes. • No relationship exists between gold grades and recoveries in either RC or diamond logging. Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au Criteria • JORC Code explanation Commentary of the relevant intersections logged. calculated from no of buckets and the FEL calibrated weightometer. • If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. • PML Diamond core intervals for sampling were cut in half, following the orientation line to ensure a consistent side of the core was sent for assay. • PML and BOK RC samples were split at the rig by cone splitter at 1 m intervals. • MKR RC samples were split at the rig by a 3 tier riffle splitter at 1 m intervals • BOK and PML blasthole grade control samples were split at the rig by a 3-tier riffle splitter. • MKR blasthole samples were collected by quartering of the blasthole cuttings cone. • MKR Field duplicate results for RC data showed > 87% above 0.1g/t Au within ± 40%. • Laboratory duplicate results for RC and diamond core samples for PML, BOK and MKR showed >95% of data within ±15%, with no appreciable difference between drilling phases. • Drilling muds and bit shrouds were used to improve recovery. • Gold is finely disseminated and associated with sulphides in quartz veins and the RC sub-sample size is considered appropriate. Drill chips dried and pulverised to a nominal 90% passing 75 µm screen before further sub sampling at the laboratory. Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • • Two PML RC holes were twinned with diamond core holes. • Analyses of twinned RC and diamond holes showed a very close match between grade and length of intersected mineralization. • No recent MKR RC drill holes have been twinned with diamond • The bulk sampling was utilized to reduce potential nugget effects in the feed material. Dupicate splits of pulverized material prior to bottle roll analysis were also taken, and checked at Gekko Lab. Fairly erratic correlation suggests possibility of nugget effect of gold deportment in screened material. Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Drill hole collars were located by either Total Station or differential GPS (DGPS) surveys to a high degree of accuracy using the Map Grid of Australia zone 55 coordinate system. • Down hole surveys were collected Reflex magnetic single system at 30 m intervals. • Some RC grade control and other drill holes were unable to be surveyed due to hole collapse during or after drilling. • Topographic control is via a triangulated wireframe surface Sub-sampling techniques and sample preparation Quality of assay data and laboratory tests • PML, BOK, MAAS and MKR RC samples were analysed at ALS Laboratories Orange using Fire Assay with a 50g charge. Fire Assay is considered a ‘total’ technique for non-coarse gold. • Blank and standard samples were included in batches sent to ALS at a rate of 1 standard and one blank for every 30 routine samples. No issues were noted with blank and standard analysis. • ALS laboratories undertake internal QC checks including standards, blanks and duplicates. • Some BOK and MKR blasts hole grade control samples were analysed by 200 g bottle roll leach with AAS finish. A series of BOK duplicates were analysed by both fire assay and bottle roll leach to determine an average leach recovery. • Wonawinta Laboratory undertook bottle roll analyses (AAS and Aqua Regia) of the various size fractions. Duplicate samples and duplicate pulps were periodically submitted for check bottle roll and fire assay analysis at Gekko Laboratory (Ballarat). Acceptable levels of accuracy or reproduceability of analyses were irregular (not always achieved) probably due to localized nugget effect of the dump mineralization. A project Certified reference sample is being created for future QAQC. Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au • JORC Code explanation Criteria • Quality and adequacy topographic control. Commentary of derived from an aerial photogrammetry survey as well as Total station surveys of the pit. • Topographic control is considered adequate given the relatively subdued relief in the resource area. • All dump samples were located using a handheld GPS. Data spacing and distribution • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. • Drilling was undertaken on a nominal 10-12.5 m (along strike) by 20 m grid throughout the majority of the Resource as well as closely spaced grade control drilling (2.5 m x 3 m ). • The data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for estimation by Ordinary Kriging and the classifications of Measured, Indicated and Inferred Resources. • RC and diamond core samples were composited over 2 m and grade control holes over 2.5 m to minimize sample splitting. • Dump sampling was initially conducted on pits 40m apart, then followed up with trenches that joined the pits together. No compositing was undertaken. Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. • Mineralisation is controlled by steeply west dipping vein structures. • PML, BOK and MKR surface RC and diamond drilling is generally at high angles to the gold mineralisation, drilled towards the east at 50°-70°, several recent (2021) MKR holes had to be drilled from the west due to wall stability issues. • MKR in-pit grade control RC drilling was completed using a variety of drill hole orientations due to access and space constraints on the pit floor, with vertical holes avoided where possible. • All blast hole grade control holes are vertical, however the greater density of this sampling reduces the chances of introducing bias. • Not applicable to dump sampling Sample security • The measures taken to ensure sample security. • BOK and MKR sampling was supervised by a company representative up to the point of dispatch to ALS laboratories using a local freight company. • Samples dispatched by MKR to ALS in Orange were bagged in larger polyweave sacks secured with zip ties and delivered by a local freight company. Sample numbers received by ALS were checked again dispatched numbers. • Samples dispatched by MKR to Gekko in Ballarat were bagged in larger polyweave sacks secured with zip ties and delivered by a local freight company. Sample numbers received by Gekko were checked again dispatched numbers. • The results of any audits or reviews of sampling techniques and data. • No audits/reviews of sampling techniques and data have been undertaken on any drill programs or the dump evaluation. Audits reviews or Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) Criteria JORC Code explanation Commentary Mineral tenement and land tenure status • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • ML1681, ML311, MPL 240, GL 3255, GL 5836, GL 5848, and GL5898 and exploration licence EL 5842 are all held by Mt Boppy Resources Pty Ltd. (wholly owned by MKR) • The property on which the Mount Boppy mine situated is Crown Land. • A Native Title Agreement is in place with the traditional owners. • The Company notes that no land within the licence area may be classified as sensitive land. No further approvals other than those required under the Mining Act 1992 are required. Manuka Resources Limited - Level 4 Grafton Bond Building, 201 Kent St Sydney NSW Australia 2000 ABN 80 611 963 225 Tel 02- 7253 2020 www.manukaresources.com.au Criteria JORC Code explanation Commentary • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. • The deposit was first discovered in 1896 and mined by underground methods up to 1923. • Various companies (notably PML, Golden Cross and BOK) have conducted exploration activities around Mt Boppy since the 1960s, with treatment of tailings and open pit mining up until 2015, and MKR more recently open pit mining 2020-Nov 2021. Geology • Deposit type, geological setting and style of mineralisation. • The Mount Boppy deposit is located in the northern part of Devonian Canbelego-Mineral Hill Rift Zone, flanked by th