Manas Resources (ASX: MSR) is an ASX-listed gold company with three key assets in Côte d’Ivoire, West Africa – the Mbengué Gold Project (MGP), the Eburnea Gold Project (EGP) and the Tortiya Gold Project (TGP).
Manas is headed by a highly-experienced team of industry professionals with a track record of global exploration success, with a long and successful history of mineral discovery in Africa.
Manas has entered into an earn-in agreement for up to 70% ownership in the Mbengué permit and owns 100% of the Dielle permit – two adjacent permits which make up the Mbengué Gold Project (MGP) in Côte d’Ivoire. The Mbengué permit is held by Occidental Gold SARL, a 100% owned subsidiary of Perseus Mining Limited.
Manas also has an 80% interest, subject to exploration expenditure, in the Bouake North permit which comprises the Eburnea Gold Project (“EGP”)
Finally, Manas owns 100% of the early-stage Tortiya Gold Project (TGP).
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. Currently Manas owns 3 main Projects.
Côte d’Ivoire is host to several prolific Birimian-aged greenstone belts extending from neighbouring countries that host multi-million-ounce gold deposits. Major mines in Côte d’Ivoire include Barrick’s Tongon mine (~4.5Moz Au) – adjacent to Manas’s MGP project – and Endeavour Mining’s Ity mine (~4.6Moz Au).
The country is recognised as a stable region for foreign investment and remains a significantly underexplored jurisdiction with good potential for further major gold discoveries. There are currently four operating gold mines in Cote D’Ivoire; Tongon, Ity, Bonikro and Sissingué.
Manas’ flagship project is the Mbengué Gold Project (MGP). The MGP is located approximately 6km north of the largest mine in the Country (Barrick’s Tongon), 27km SE of Terranga’s Wahgnion mine, 40km SE of Perseus’s Sissingué mine and 45km SE of Resolute’s Syama mine. It covers 647km2 of the highly-prospective Senoufo greenstone belt. Manas owns 100% of the Dielle permit and is earning up to 70% from Occidental Gold SARL, a 100% owned subsidiary of Perseus Mining Limited by sole-funding exploration on the Mbengué permit.
Manas also has interests in two more exciting gold projects in Côte d’Ivoire, the Eburnea Gold Project (MGP) close to Endeavour’s Fetekro discovery and the early-stage Tortiya Gold Project (TGP) which includes a major shear zone target.