Manas is the largest and most active gold explorer in the Kyrgyz Republic, with a strong focus on the highly prospective south-west. We have nine prospects covering 4,408km² and are currently concentrating on the 4,200km²  semi-contiguous seven-project South Kyrgyz Gold Project.

Our current JORC Resource base, across two projects, is 1.25 million ounces of gold and with 54 ranked prospects, we are aiming to grow rapidly.

Every drill program so far has discovered significant gold mineralisation and we will continue to drill aggressively. Another drilling program has started with more than 10,000m planned at a number of prospects including Shambesai. Of our 54 prospects we have only drilled five.

In September 2011 we reported a significant upgrade to Shambesai’s Indicated and Inferred Mineral Resource to 11.6 million tonnes at 2.1 g/t gold for 766,000 ounces of gold (0.5g/t gold cut-off).  This is an increase of approximately 20% on the previous Shambesai Mineral Resource estimate of 645,000 ounces, with a marked increase in tonnes and ounces.  Most importantly, all of the 120,000-ounce increase has been attributed to the high-value oxide resource, or an increase of 40% including reclassified material.

A pit optimisation study released in November 2011 has shown that Shambesai has the potential for net cash flows of up to US$190 million over the first five years by producing more than 200,000 ounces of gold.

Our Obdilla Project, located only 7km from Shambesai, has 485,000 ounces of gold.



Resource Tables

Carlin Style Deposits


South Kyrgyz Gold Project


Maly Naryn


Savoyardy

Francis Harper (Non-Executive Chairman)
LLB (Hons), BEc (Accounting)

Francis Harper is a director and part owner of Blackwood Capital Limited which manages more than $200 million in private equity funds primarily for high net worth clients in Australia and the USA.

Prior to forming Blackwood Capital, he spent 15 years with NM Rothschild in senior positions within resources corporate finance in the UK, the USA and Australia. He worked on numerous mining and energy project finance transactions for large US and European clients in a wide variety of countries including most South American countries and in Asia and Eastern Europe.  His key achievements included assisting in establishing the Emerging Markets Gold Fund, owned by Rothschild and the International Finance Corporation.

Stephen Ross     (Managing Director)
BSc (Geol), GDipAppFin (FINSIA), MAusIMM, FFin

Mr. Ross has worked for more than 17 years in the minerals industry in geological consulting, business development and corporate positions. Before joining Manas he was the Managing Director of Azumah Resources Limited, a gold exploration company based in Ghana. 

Mr. Ross has previously held a business development and technical management position based in Kazakhstan, where he assessed projects for acquisition throughout the former Soviet Union and Russia. He has also held a senior geological management position whilst based in West Africa, and has been involved with a corporate firm where he was a resource analyst. 

He is a member of the Australian Institute of Mining and Metallurgy and is a Fellow of the Financial Services Institute of Australia. Mr Ross is a former non-executive director of ASX listed Central Asia Resources Limited.

Mr. Ross was appointed Managing Director on 3 March 2008.

Mark Calderwood (Non-Executive Director)
AusIMM

Mark Calderwood is a member of the Australasian Institute of Mining and Metallurgy and has 20 years’ experience in exploring for and mining gold. He is experienced in resource/reserve estimation and feasibility studies. He is Managing Director of Perseus Mining Ltd and has been intimately involved over the past four years with the Kyrgyz mineral properties.

Colin Carson (Non-Executive Director)
CPA FCIS MAICD

Colin Carson has been involved as a director of many Australian public companies since the 1980s and is an executive director of Perseus Mining Ltd and Caspian Oil & Gas Ltd. He is experienced with taxation and mining laws in the Kyrgyz Republic.