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Thursday, 24 May 2018
Manas has elected to terminate its participation in the transaction for the acquisition of the Victoria Gold Project in Tanzania.
Thursday, 17 May 2018
Manas Resources Limited is pleased to announce that it has entered
into an earn-in agreement for up to 70% ownership in the Mbengué Gold Project in Côte d’Ivoire, West Africa.
Monday, 30 April 2018
Quarterly Activities Report for the period ended 31 March 2018

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Victoria Gold Project

The Victoria Gold Project (VGP) comprises a, extensive holding of approximately 280km2 with identified areas of gold mineralisation and excellent exploration upside, strategically located near several established gold mines in the prolific Lake Victoria Gold Field of Tanzania. The total gold endowment (known resources and past production) of the gold field is estimated at over 50 million ounces.

Key attributes of the VGP include:

-    4 known gold deposit areas with significant, drill defined mineralisation;
-    An extensive and comprehensive exploration database;
-    Multiple drill-ready targets;
-    Excellent potential for the rapid expansion of known gold deposits;
-    Previous resource estimates and technical evaluations providing a fast-track to development; and
-    Pre-existing environmental permits to facilitate rapid approval of mining rights.

In mid-2016, Manas executed a binding Heads of Agreement to purchase the VGP. On 31 January 2017, Manas signed a binding Terms Sheet to progress and implement the transaction, with formal agreements signed on 13 April 2017. At completion, Manas will attain 100% ownership of a significant package of licenses in the multi-million-ounce Lake Victoria Gold Field of northern Tanzania. In addition, Manas will acquire a number of physical assets, including a camp, vehicles and intellectual property.



Note: Licence area is indicative and subject to change

Completion of the VGP acquisition remains subject to a number of conditions including an assessment of the potential impacts of the new Tanzanian mining legislation and regulations.

 
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