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Monday, 31 December 2018
Manas Resources is pleased to provide the following report on Activities for the December 2018 Quarter.
Monday, 31 December 2018
Manas Resources is pleased to provide the following report on cashflows for the December 2018 Quarter.
Thursday, 6 December 2018
Manas is pleased to provide its investor presentation for December 2018.

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Manas Resources

Manas Resources (ASX: MSR) is an ASX-listed gold company with three key assets in Côte d’Ivoire, West Africa – The Mbengué Project, The Eburnea Project and the The Gonsan Project.

Côte d’Ivoire is host to several prolific Birimian greenstone belts extending from neighbouring West African countries that host multi-million-ounce gold deposits. Major gold discoveries in Côte d’Ivoire include Randgold Resources’ 3Moz Tongon deposit and Endeavour Mining’s Ity and Agbaou Au deposits (2.9Moz and 1Moz respectively).

Côte d’Ivoire is recognised as a stable region for foreign investment and remains a vastly underexplored jurisdiction with significant potential for further major gold discoveries. There are currently four operating gold mines in Cote D’Ivoire; Ity, Tongon, and Bonikro (Newcrest Mining), with Perseus Mining’s Sissingué mine pouring its first gold in January 2018.

Manas has entered into an earn-in agreement for up to 70% ownership in the Mbengué Gold Project in Côte d’Ivoire. The Mbengué Permit is held by Occidental Gold SARL, a 100% owned subsidiary of Perseus Mining Limited. The Mbengué Permit is located approximately 8km west of Randgold Resources’ Tongon mine and 90km southeast of Perseus’s Sissingué mine and covers an area just under 400km2 over the highly prospective Senoufo greenstone belt.

The Eburnea Project is located in central-northeast Côte d’Ivoire, 30km northwest of the city of Bouaké and approximately 290km north of Abidjan Manas has entered into an option agreement to acquire the rights to any future permits granted to Eburnea Gold Resources Sarl covering the Bouaké Sud area located immediately south of the Company’s Bouaké Nord permit application in Côte d’Ivoire, West Africa.

The Project lies along the southern extension of the Hounde greenstone belt, which is host to several major gold deposits in neighbouring Burkina Faso. The northeast-tending greenstone belt is dominated by volcanic and volcaniclastic rocks, generally of basaltic-andesitic composition, intruded by granitic plutons.

The Gonsan Project is comprised of three exploration permit applications by local partner Gonsan Resources Sarl, covering a combined area of approximately 1,000km2. The Project is located approximately 700km west-northwest of Côte d’Ivoire’s capital city of Abidjan near the border with Liberia, and surrounds Endeavour Mining’s established 2.9Moz Ity gold mining operation. 

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