Manas Resources

Published : May 15th, 2013

Kyrgyzstan Prime Minister Mr Jantoro Satybaldiev endorses Manas Resources in local news articles

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Manas Resources

Manas Highlights

  • Gold explorer in the Kyrgyz Republic
  • Exploring for Carlin‐style gold deposits
  • Total JORC Resource base 1.25Moz
  • Production scheduled for 2014

Kyrgyzstan Prime Minister Mr Jantoro Satybaldiev endorses Manas Resources in local news articles

Manas Resources has recently featured in Kyrgyzstan media outlets. A translation of these articles can be seen and read below.

First International Batken Investment Forum - Shambesai Project to be launched as scheduled (Russian) - 30 April, 2013

Below is a translated excerpt from the article

The 1st International Investment Forum on Batken Region Development �Batken 2013� was held on April 26 in Batken. The forum was attended by the Prime Minister, Government members, Parliament members, head of diplomatic missions accredited in Kyrgyzstan, and representatives of other countries. The key objective of the forum was to familiarize international investors and donors with the investment climate in the region.

During the first part of the event, the guests were invited to attend the exhibition of investment projects in Batken Region, including the Shambesai Gold Project in the Maidan Rural District, Kadamjai, Batken Region. At the Shambesai Project booth, the Prime Minister Mr Jantoro Satybaldiev asked the representatives of Z-Explorer CJSC (subsidiary of Manas Resources) when the production was expected to commence [at Shambesai]. The General Director of Z-Explorer CJSC Mr Oleg Gaponenko said that, in accordance with the current plans [of the company], the construction would be completed in September 2014 and first gold would be produced in December 2014. Mr Satybaldiev noted the importance of the Shambesai Project for local employment in the region and instructed regional authorities to assist Z-Explorer with the [further] development of the Shambesai Project and establishment of partnership relations with the local community in particular.

During the general discussion of the issues in the industry as well as mining and energy sectors, Mr Gaponenko noted that Z-Explorer had already invested over US$13 million into the Kyrgyz mining sector and was planning to invest another US$35 million into the development of the Shambesai Project. Based on the Company�s estimates, about US$50 million will be allocated as taxes and charges payable on gold production and sales to the Kyrgyz budget, including the local budget. The allocation of 2% of revenues on gold sales as non-tax charge, which will add up to about US$5 million over the six years of the project life, to the budget of the Maidan Rural District will significantly contribute to the socioeconomic development of the region.

He also emphasized that, along with its contributions to the socioeconomic development of the region, Z-Explorer paid great attention to environmental management. There will be zero discharge from the process plant area to the Isfairam River as the design allows for a closed water return system. The proposed heap leaching technology does not require tailings dam construction so environmental impacts will be minimal.

In coordination with local administrations, the Company is now developing a social package in compliance with the criteria the Kyrgyz Government established for mining companies: local employment, professional skills training and infrastructure development. The social package is intended to ensure sustainable social progress and economic development in Batken Region and particularly in Maidan Rural District not only during the Shambesai project life cycle, but also beyond it.

Click here to read the full article (please note the article is in Russian)

The new head of the Kadamjay District Administration Mr Akramjan Madumarov visiting the KR Prime Minister Mr Jantoro Satybaldiev - 6 May, 2013

Below is a translated excerpt from the article

During the meeting, the KR Prime Minister noted that the Kadamjay District, similar to other districts of the Batken Region, had great potential for development. He emphasized the importance of stability of operations and increase in production at the Kadamjay Antimony Plant, Aydarken Mercury Plant and [the regional] cement plant. Mr Jantoro Satybaldiev made it clear that the active work was needed to restore the engineering plant and enable the early start of operations at the Shambesai gold deposit.

Click here to read the full article (please note the article is in Russian)

www.manasresources.com.au

Data and Statistics for these countries : Kyrgyzstan | All
Gold and Silver Prices for these countries : Kyrgyzstan | All

Manas Resources

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CODE : MSR.AX
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Manas Resources is a gold exploration company based in Australia.

Its main exploration properties are MALY NARYN, DJINGILSAI - ARAVAN, AKBURA, KARABULAK - KARAVSHIN, CARLIN STYLE DEPOSITS, SHAMBESAI, SAVOYARDY and OBDILLA in Kyrgyzstan.

Manas Resources is listed in Australia. Its market capitalisation is AU$ 329.1 millions as of today (US$ 240.6 millions, € 208.3 millions).

Its stock quote reached its highest recent level on January 21, 2011 at AU$ 0.27, and its lowest recent point on April 09, 2020 at AU$ 0.00.

Manas Resources has 2 632 659 968 shares outstanding.

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Project news of Manas Resources
5/29/2013(Shambesai)Audio Webcast: Positive BFS Unveiled for Manas Resources' Sh...
5/15/2013Kyrgyzstan Prime Minister Mr Jantoro Satybaldiev endorses Ma...
11/18/2009Outstanding High Grade Results at Shambesai
10/6/2009(Shambesai)Further Outstanding High Grade Drill Results at Shambesai
8/17/2009(Shambesai)Outstanding High-Grade Results at Shambesai
Corporate news of Manas Resources
3/29/2016Notice of ceasing to be a substantial holder in Manas Resour...
10/26/201522 October - Shambesai Project Update
7/10/201510 July - Disclosure Document
7/10/20158 July - Trading Halt
7/10/201510 July - Capital Raising Plans Finalised
7/10/201510 July - Appendix 3B
7/7/20157 July - Board Changes
3/31/201531 March - Full Year Statutory Accounts
3/23/201524 March - Manas Research Note by Vicarage Capital
2/24/201525 February - Update to Economic Parameters and JORC 2012 Or...
11/2/2014Quarterly Activities Report
11/2/2014Quarterly Cashflow Report
1/29/2014December 2013 Quarterly Activities Report
12/23/2013Completion of non-renounceable rights offer with $5.5 millio...
12/16/2013BRR Webcast - Official Parliamentary Support - Shambesai
12/9/2013Non-Renounceable Entitlement Issue Closes
10/31/2013September Quarterly Activities Report
10/30/2013Rights Issue to raise up to $5.5M
1/31/2010December 2009 Quarterly Operations Report
8/25/2009Prospectus
6/5/2009Placement Offer
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