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ASX Release 26 April 2021 ASX : MSR MANAS RESOURCES Corporate Directory Non - Executive Chairman Mr Alan Campbell Managing Director Mr Justin Tremain Non - Executive Director Mr David Kelly Company Secretary & CFO Mr Susmit Shah Chief Geologist Mr Elliot Grant Fast Facts Issued Capital 2,760m Share Price 0.6 cents Market Cap Cash ( 31 Mar 2021 ) ~ $ 16m ~ $ 4.5m Quarterly Activities Report 31 March 2021 Manas Resources Ltd ( ' Manas ' or the ' Company ' | ASX : MSR ) provides its Quarterly Activities Report for the period ending 31 March 2021 ( ' March Quarter ' ) . March Quarter Highlights Assay results received for 2,207m Reverse Circulation ( ' RC ' ) drilling program completed within the Mbengué Gold Project at the Le Vieux , Phew and Madala prospects . Results included ( refer ASX announcement dated 10 February 2021 ) : о 12m @ 1.13g / t gold from 70m in MBRC003 ( Le Vieux ) 2m @ 2.25g / t gold from 44m in MBRC004 ( Le Vieux ) 4m @ 1.13g / t gold from 14m in MBRC009 ( Madala ) The drilling program completed Manas ' US $ 2M earn of a 70 % joint venture interest in the southern granted Mbengué exploration permit ( PR272 ) , resulting in the formation of a contributing joint venture with Occidental Gold SARL , a subsidiary of Perseus Mining Ltd ( ' Perseus ' ) 4,400m broad spaced ( 400m line spacing ) auger drill program completed across the 100 % owned ' Dielle ' permit within the Mbengué Gold Project . Several > 1 kilometre gold - in- auger anomalies delineated with results including ( refer ASX announcement dated 6 April 2021 ) : 3m @ 1.86g / t gold from surface о ○ 3m @ 1.09g / t gold from 3m Contact Details ACN 128 042 606 L2 , Suite 9 , 389 Oxford Street Mount Hawthorn WA 6016 T : +61 8 9380 6062 F : +61 8 9380 6761 E : info@manasresources.com W : www.manasresources.com @ManasResources Review of historical soil geochemistry , when put into a regolith context , shows a number of prospective gold - in - soil anomalies within the Mbengué permit that remain untested with drilling Infill surface geochemistry and auger drilling to continue across the broader Mbengué Gold Project area Manas retains its 80 % interest in the Eburnea Gold Project ( with the right to acquire up to 90 % ) , following the lapsing of a third party option Induced Polarisation ( IP ) survey completed at the Eburnea Gold Project with data being processed and interpreted Review of additional gold exploration opportunities within West Africa with due diligence being undertaken on several projects Manas remains in a well - funded position for ongoing exploration with available cash of over $ 4.5 million at 31 March 2021