Overview of Manuka Resources' Invitation

Manuka Resources Limited (ASX: $MKR) has been formally invited by the New Zealand Government to prepare an application for the Taranaki VTM Project to be included in New Zealand's Fast Track Approvals Bill. This represents a significant step towards achieving the final approvals required to develop and operate the world-class Taranaki VTM Project, a 3.2 billion tonne vanadium titanomagnetite iron sand resource located offshore in the South Taranaki Bight of New Zealand, with a granted Mining License permitting production of 5Mtpa.

Executive Commentary on the Invitation

The invitation from the New Zealand Government to prepare an application for the Taranaki VTM Project to be included in New Zealand's Fast Track Approvals Bill is a positive development for Manuka Resources. This represents an important milestone in our efforts to advance the Taranaki VTM Project and underscores the potential regional and national benefits of the project. We are committed to diligently preparing the application and look forward to the Advisory Group's assessment and the subsequent decision-making process by the relevant Ministers.

Summary of the Announcement

Manuka Resources (ASX: $MKR) has received a formal invitation from the New Zealand Government to prepare an application for the inclusion of the Taranaki VTM Project in New Zealand's Fast Track Approvals Bill. This invitation signifies progress towards obtaining the necessary approvals for the development and operation of the Taranaki VTM Project, a substantial vanadium titanomagnetite iron sand resource. The Company is actively preparing the application, which is due to be lodged by 3 May 2024. The potential inclusion of the Taranaki VTM Project in the Fast Track Approvals Bill reflects the project's significance and the anticipated benefits at regional and national levels. Manuka Resources remains focused on advancing the project and looks forward to the Advisory Group's assessment and the subsequent decision-making process by the relevant Ministers.