Frequently Asked Questions
1. What is Manas Resources’ plan for increasing shareholder value?
Our strategy for increasing shareholder value is to continue to grow our resource base and explore and develop our nine projects in the Kyrgyz Republic. Currently we have total JORC Resource base of 1.25 ounces of gold and are aiming to grow it rapidly.
A Definitive Feasibility Study (DFS) on the Shambesai Gold Project has shown the project will be one of the lowest-cost gold operations in the world.
2. Why is Manas Resources exploring for gold in the Kyrgyz Republic?
The Kyrgyz Republic covers a significant portion of the Tien Shan gold belt, which is considered to be second only to the Witwatersrand of South Africa in terms of possible global gold endowment.
The Tien Shan is known for extensive gold mineralisation with numerous world class gold deposits such as Muruntau (more than 100 million ounces of gold) in Uzbekistan, and Kumtor (17 million ounces) in the Kyrgyz Republic.
We are now one of the largest and most active gold explorers in the Kyrgyz Republic.
3. Is the Kyrgyz Republic a safe place for gold miners?
The Kyrgyz Republic is a welcoming country for mining and exploration companies. Since the break-up of the former Soviet Union in 1991 there have been many new discoveries from the Tien Shan gold belt. This is likely to continue on an upward trend given the number of Western companies now exploring within the region. The Kumtor gold mine is the largest operating gold mine in Central Asia.
4. Does Manas Resources plan on becoming a producer?
The DFS released in April 2012 identified the potential to produce more than 200,000 ounces of gold over the 4.5 year mine life. Production is projected to peak at 68,000 ounces of gold per annum in year 3 and average 53,000 ounces per annum from the current Indicated and Inferred oxide resources.
5. What is Manas Resources’ financial position?
At 31 March 2012 we had $12.2 million in the bank. At 13 cents our market cap is $29.72 million.
6. Who are Manas Resources’ major shareholders?
Perseus Mining Limited - 23.74%
Macquarie Bank Limited - 6.00%
Asian Lion Limited - 4.37%
7. When was Manas Resources incorporated and listed on the ASX?
Manas was incorporated in October 2007 and listed on the Australian Securities Exchange in July 2008.