Manuka Resources has signed a term sheet with Nebari Natural Resources Credit Fund for a senior secured loan facility of up to $22.5 million.
The facility will be used to fund the restart of silver and gold production at the Wonawinta Silver Mine in the second quarter of 2026 and to repay existing debt.
The company said it intends to use the funds from the facility, along with a recent $15m capital raising, to ensure it is fully funded through to the production of silver at the mine.
Nebari, based in the United States, is a mining and natural resources investor and financier.
The facility is subject to final credit approval and funding, as well as the completion of due diligence.
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