Manuka Resources (ASX:MKR) extends TransAsia debt facility

Manuka Resources Limited (ASX:MKR) has announced the extension of the maturity date of its existing debt facility to 31 January 2025, following an agreement with TransAsia Private Capital Limited. The extension aligns with the Company's development plan to restart production from its 100% owned Mt Boppy gold mine located in the Cobar Basin, NSW. Additionally, the extension will facilitate the completion of the refinancing process and support the restart of Mt Boppy.

Executive Commentary from Dennis Karp, Executive Chairman of Manuka Resources Limited

Once again, we wish to note our appreciation of the ongoing support provided by TransAsia. They have been an outstanding financing partner for Manuka from 2019 and continue to provide us with the flexibility to ensure a positive outcome for the Company and its growth strategy.

Summary of Manuka Resources (ASX:MKR) Announcement

Manuka Resources (ASX:MKR) has successfully extended the maturity date of its existing debt facility to 31 January 2025 through an agreement with TransAsia Private Capital Limited. This extension aligns with the Company's development plan to restart production from its Mt Boppy gold mine and facilitates the completion of the refinancing process. The Company anticipates releasing an updated production forecast for the Mt Boppy gold project, completion of the refinancing of the TransAsia debt facility, recommencement of mining operations at Mt Boppy, and releasing a restart feasibility study and Ore Reserve for Wonawinta in the coming months. Furthermore, Manuka is awaiting feedback on its application to the New Zealand Government regarding the inclusion of the Taranaki vanadium-titanomagnetite iron sands project in the Fast Track Consenting approvals list. The Company aims to use cashflows from Mt Boppy and Wonawinta to advance the Taranaki VTM Project through a Bankable Feasibility Study and toward an investment decision, subject to final approvals. BurnVoir Corporate Finance is acting as Financial Advisors to the Company.