Manuka Resources Ltd. is the owner of the Wonawinta Silver Project and Mt Boppy Resources Pty Ltd. gold project located in the Cobar District of NSW. The assets include the following: An oxide processing plant (nameplate 0.8 -1mtpa) at Wonawinta situated on ML1659.; the Mt Boppy Gold Mine and associated MLs; and an extensive suite of Exploration Licences covering 1081 km² effectively contiguous and along strike to the MLs (1,154 Ha) with historic exploration data spanning over 50 years of work undertaken by over twenty previous operators. The current JORC 2012 compliant Mineral Resources Estimates (MRE) for Wonawinta (Ag-Pb) and Mt Boppy (Au).

The exploration strategy and planning discussed focuses on delineating additional Indicated Resources to augment. The processing plant at Wonawinta operated during 2020-2023 treating Mt Boppy Mine opencut gold ore and more recently Wonawinta ROM stockpiles of silver - lead bearing material. This material will be depleted during first quarter of 2023 and will provide valuable full scale operating data which will be utilised in developing mining schedules over the Wonawinta oxide resource.

The resource triangle is a simple management tool to identify and apply appropriate exploration and evaluation work programmes to priority targets that ultimately deliver Indicated Resources to the mining team. Indicated Resources can then be modified through open-cut and/or underground mine viability studies to Probable Ore Reserves. The exploration programmes and budget expenditure presented are in line with developing prioritised targets up the Resource Triangle to a point where the target is developed and turned to account by the mining team.