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Australia

Wonawinta - Mt Boppy Project

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Summary

Mine TypeOpen Pit
StagePermitting
Commodities
  • Silver
  • Gold
  • Lead
Mining Method
  • Truck & Shovel / Loader
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SnapshotThe Wonawinta-Mt Boppy project includes the Wonawinta silver mine, which comprises two existing open pits (Manuka and Boundary), with mining operations between May 2012 until May 2015. It also includes three planned open pits (Belah, Bimble and Pothole), an existing processing plant (under care and maintenance since early 2024) and associated infrastructure including approved tailings dams and accommodation facilities, as well as the Mt Boppy gold mine existing stockpiles.

The distance by road between Mt Boppy and Wonawinta is approximately 150km via Cobar.

The 2025 Project Implementation Plan outlines the upgrading and recommissioning of the Wonawinta processing plant to enhance throughput and leach performance and deliver a Mine Plan that comprises:
• silver ore from selected stockpiles at Wonawinta and 5 open pits; and
• an initial 0.2Mt of gold ore from selected areas of larger 2.2Mt Rock Dump, Tailings and Stockpile Resource located at Mt Boppy.

Owners

SourceSource
CompanyInterestOwnership
Manuka Resources Ltd. 100 % Indirect
Title to the underlying Properties on which the Mt Boppy and Wonawinta projects are located are held 100% by Manuka Resources Ltd.

The Wonawinta comprises granted mining lease and exploration licence, all directly held by Manuka Resources Ltd.

The Mt Boppy comprises granted mining leases and exploration licence, all held by a wholly owned subsidiary of Manuka, Mt Boppy Resources Pty Ltd.

Contractors

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Deposit type

  • Carbonate hosted
  • Mississippi Valley Type
  • Orogenic
  • Vein / narrow vein

Summary:

Wonawinta
The Wonawinta silver-lead-zinc project, is a carbonate-hosted Pb-Zn-Ag deposit with affinities to Mississippi-Valley Type (MVT) style mineralisation. The primary host is the dolomitised upper fossiliferous portion of the Booth Limestone member of the Early Devonian Winduck Group.
• Oxide Ag-Pb-Zn mineralisation is developed as agently-dipping blanket up to 160m wide and averaging 13m thick on and around the contact between the Booth Limestone and an overlying thick quartz-kaolinite-illite- muscovite clay sequence.
• Discrete silver minerals are rare, with the bulk of the silver associated with lead and iron oxides and sulphates, and lead and zinc carbonates and dolomite. Primary mineralisation consists of vein, breccia and replacement style marcasite, galena and sphalerite.
• The NNW-trending, strata-bound Wonawinta deposit extends for about 6km along the western flank of the Wonawinta Anticline.

The mineralised envelope at Wonawinta is broadly stratiform and stratabound, straddling the contact between a lower limestone unit and overlying siltstone/claystone. Upper and lower contacts of this envelope are highly irregular, reflecting a complex history of primary mineralisation overprinted by weathering and supergene enrichment. Mineralisation is roughly sub-parallel to stratigraphy and is generally flat lying to gently (10°-30°) west dipping and south plunging, although gently east-dipping parts have been defined on the eastern limb of the Wonawinta Anticline.

Manuka and Boundary pits
Shallow sediment-hosted lead-zinc-silver mineralisation proved to be extensively oxidised with little to no residual sulphur at the depths mined. Ore mineralogy was dominated by very fine surface clays and coarser dolomitic limestone increasing with depth. Silver was assumed to be concentrated in clays through supergene enrichment.

Mount Boppy
The Mount Boppy deposit is located in the northern part of Devonian Canbelego-Mineral Hill Rift Zone, flanked by the Kopyje Shelf, on the far eastern side of the Cobar Basin.

Mineralisation occurs in brecciated and silicified sediments and quartz veining developed along a west-dipping fault that down-throws Devonian aged Baledmund Formation rocks on its western side against Orodovician age Girilambone Group rocks on it eastern side.

The higher grades tend to lie in the hanging wall rocks (Baledmund Formation) on the western side of the Main Lode where the dip shallows.

The Main Lode strikes approximately north-south and dips at approximately 70-80° west.

Historical underground workings were supported with timber and back-filled with tailings sands from processing. Sand fill samples grade between 0.05 g/t Au and 38 g/t Au with an average of 3.5 g/t Au.

Mineralisation is predominantly gold, associated with grey quartz veins and minor pyrite.

Dimensions
The Mineral Resource has a strike length of 455 m and a maximum depth below surface of 230 m. The horizontal width of combined mineralised domains averages 60 m near surface, where the western lode peters out, the main lode maintains approximately 10 - 12 m width. Mineralisation dips 85° to the west.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

A new desliming circuit added to the front end of the Processing Plant will be used to remove the -38µm size fraction from crushed ROM feed (10.7 Mt over the Life of mine) to produce a +38µm product for milling at a rate between 100 and 135/tph (7.5 Mt over the Life of mine), depending on the slimes/coarse ratio and amount of deslimed material rejected.
CommodityUnitsLOM
Silver M oz 13
Gold M oz 5.9
All production numbers are expressed as metal in concentrate.

Operational metrics

Metrics
Annual processing capacity  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2025 study.

Production Costs

CommodityUnitsAverage
All-in sustaining costs (AISC) Silver AUD  ....  Subscribe
Assumed price Silver AUD  ....  Subscribe
Assumed price Gold AUD  ....  Subscribe
* According to 2025 study / presentation.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M AUD  ......  Subscribe
Sustaining CapEx $M AUD  ......  Subscribe
Total CapEx $M AUD  ......  Subscribe
OP OpEx $M AUD  ......  Subscribe
Total OpEx $M AUD  ......  Subscribe
Royalty payments $M AUD  ......  Subscribe
Gross revenue (LOM) $M AUD  ......  Subscribe
Net revenue (LOM) $M AUD  ......  Subscribe
EBITDA (LOM) $M AUD  ......  Subscribe
Pre-tax NPV @ 8% $M AUD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jun 25, 2025
....................... Subscription required ....................... Subscription required Subscription required Jun 25, 2025

Workforce

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Aerial view:

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