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Manas Resources Ltd.
Summary
| Project: | Shambesai | |
|---|---|---|
| Deposit: | Shambesai | |
| Location: | Kyrgyz Republic | |
| Commodities: | Gold | |
| Date: | 2/25/2015 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 25-2-2015: Manas Resources Ltd. announces a Feasibility Study report for its Shambesai deposit at the Shambesai project. Updated economics of BFS + updated ore reserve. Manas Resources Limited (ASX-MSR) provides an update to the economic parameters for th | |
| Resources: | (Reserve, P+P): 2.371Mt @ 3.66g/t Au at project total | |
| CP/QP: | [Overall Report]: Philip Reese (Internal) | |
| ABSTRACT: | Manas Resources Limited (ASX-MSR) provides an update to the economic parameters for the May 2013 Bankable Feasibility Study (BFS) and the Ore Reserves to comply with the JORC Code, 2012 Edition reporting framework for its 100%-owned Shambesai Gold Project (Shambesai) in the Kyrgyz Republic, Central Asia. This update is a re-issue of the economic parameters to the May 2013 BFS based on work carried out since that release to more accurately reflect the ongoing reduced gold price environment, updates to cost estimates, the award of various permits to the end of 2014 including meetings with the State Agency of Geology and Mineral Resources for the Kyrgyz Republic (SAGMR) and the JORC 2012 Mineral Resource update released 5 December 2014. This economic update confirms the results of previously released studies with very little variance to past results; which demonstrated the project as a low-cost, high-margin gold project that is technically simple and which can be commissioned in a relatively short time frame for a low capital cost. The update to the economic parameters was completed in conjunction with Perth-based independent engineering consultants Mintrex Pty Ltd to reflect recent changes which impact on the financial modelling for the project. The Ore Reserves have been estimated by CSA Global Pty Ltd (CSA Global). | |
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