Each one in plain English, with the numbers worked through for a shareholder.
10 Sept 2021drilling progress report● Neutral
Drilling update: about 1,000m of a 9,000m aircore program done at Boundiali, with RC drilling due to start. Eburnea auger drilling continues with Satama assays pending. Dielle infill auger results show continuous gold anomalism over 5km. No major new results.
10 Aug 2021asset acquisition disposition▲ GoodMajor
Acquisition of Resolute's 6,194km2 Côte d'Ivoire package and the Predictive joint venture restructure is complete, lifting holdings to 8,400km2. Resolute's Bruce Mowat replaces David Kelly on the board. Drilling has started at Satama and Boundiali.
2 Aug 2021drilling result▲ Good
Soil sampling at Eburnea defined three anomalies over 2km long, with peaks up to 19.6g/t gold; auger drilling to start late August. Resolute acquisition conditions are satisfied and Randgold's pre-emptive right over Tongon North permits expired unexercised.
30 July 2021investor presentation● Neutral
Corporate presentation repeating known facts: 8,400km2 Côte d'Ivoire position, three core projects, drilling from early August. It adds deferred terms for Resolute: A$4.0M payable 12 months after first gold production plus a 2.5% royalty. Cash over A$6.0M after the upfront payment.
27 July 2021investor presentation● Neutral
Invitation to a live investor webinar on 30 July 2021 where the MD will discuss the Côte d'Ivoire acquisition, which the notice says shareholders have approved. Administrative; no new information.
26 July 2021other● Neutral
Name change from Manas Resources to Turaco Gold became effective 23 July 2021. Shares trade as MSR until 6 August and as TCG from 9 August. Fitzgerald now chairs the board. Completes the rename flagged in May.
23 July 2021quarterly activities report● Neutral
June 2021 quarter: recaps the Resolute/Predictive acquisition (6,194km2, taking Côte d'Ivoire holdings to 8,400km2), a $3.3M placement completed, and cash of $7.1M. Boundiali and Ferke drilling highlights are historic results. Fitzgerald to become chair; rename pending.
23 July 2021quarterly activities report● Neutral
Cash flow statement for the June 2021 quarter: cash rose to A$7.12M from A$4.55M after a A$3.3M placement. Operating outflow was A$166k and exploration spend A$257k; no debt. Company estimates 17 quarters of funding at current spending.
21 May 2021other● Neutral
ASX lifts the suspension of Manas shares from 21 May 2021, following the acquisition and capital raising announcement. Administrative notice.
21 May 2021asset acquisition disposition▲ GoodMajor
Manas agrees to buy Resolute's Côte d'Ivoire exploration interests (6,194km2) for A$1.0M cash, with a Predictive joint venture restructure lifting its stake to 89% in Boundiali and Ferke. A$3.5M placement, 1-for-10 consolidation and rename to Turaco Gold planned; shareholder vote expected late July.
21 May 2021security holder rights change● Neutral
Notice of a proposed 1-for-10 share consolidation, cutting about 2,760M shares to about 276M, subject to a 23 July 2021 shareholder vote. Options and performance rights are consolidated the same way. Follows the acquisition announcement.
21 May 2021farm in farm out agreement● Neutral
Predictive Discovery's own release on the Côte d'Ivoire restructure: it swaps its 23.5% contributing interest for an 11% free-carried stake plus 100 million Manas performance shares. Confirms Manas shareholders must approve under Listing Rule 10.1 because Resolute holds about 25%.
20 May 2021other● NeutralMajor
Manas shares suspended at the company's request pending an announcement on acquiring new mineral projects and a capital raising. Expected before trading on 24 May 2021.
18 May 2021other● Neutral
ASX paused trading in Manas shares pending a further announcement. No reason is given in the notice.
30 Apr 2021other● Neutral
Appendix 4G corporate governance checklist for the year to 31 December 2020, pointing to the governance statement in the annual report. Administrative only.
30 Apr 2021annual report● Neutral
Cover notice stating the 2020 Annual Report sent to shareholders is identical to the accounts lodged on 30 March 2021. No new substance.
26 Apr 2021quarterly activities report● Neutral
March 2021 quarter: recaps the RC results, completion of the Perseus earn-in and the Dielle auger results. Cash was over A$4.5M, down from A$5.3M. Due diligence is under way on several other West African projects. No new results.
9 Apr 2021agm notice● Neutral
Notice that the 2021 AGM will be held on 28 May 2021 in Mount Hawthorn, with director nominations due by 15 April. Administrative only.
6 Apr 2021drilling result● Neutral
Auger drilling (4,400m) at the 100%-owned Dielle permit defined several anomalies over 1km long, best 3m @ 1.86g/t from surface. Infill drilling follows. Manas also keeps 80% of Eburnea after a third-party option to take half lapsed.
30 Mar 2021annual report● Neutral
Annual report for year to 31 December 2020. Restates known events: the 70% earn-in on PR272, Tremain's appointment and 2,200m of RC drilling. Perseus has elected not to contribute to the next phase and will dilute. No new announcements of substance in the extract.
10 Feb 2021drilling result● NeutralMajor
RC assays from 21 holes (2,207m) at Mbengué returned narrow intercepts, best 12m @ 1.13g/t at Le Vieux. Manas has completed its US$2M earn-in to 70% of PR272 with Perseus. Modest results; more auger and soil work planned.
28 Jan 2021quarterly activities report● Neutral
December 2020 quarter: about 2,000m of RC drilling at Mbengué finished with assays pending, and new Managing Director Tremain's team put in $500,000. Cash was about A$5.3M, down from A$5.7M. No new results beyond those already reported.
22 Dec 2020drilling progress report● Neutral
About 2,000m of RC drilling (20 holes) is complete at Le Vieux, Phew and Madala, showing broad alteration and sulphides, with assays awaited. Drilling pauses for Christmas. No assay results yet; the Mbengué project now spans about 1,040km2 including an application.
16 Nov 2020director officer appointment▲ GoodMajor
Justin Tremain, who led Exore's Bagoe discovery (600,000oz resource) before Perseus took it over, becomes Managing Director from 1 December 2020. CEO Chris MacKenzie will step down after a transition. His team is investing $500,000 in a placement of 111M shares at 0.45 cents.
10 Nov 2020drilling result▲ Good
First 1,320m of auger drilling at the 100%-owned Dielle permit found two major anomalies, up to 1.5km+ long and 500m wide. The 4,000m RC programme at Mbengué is due to start shortly, with first results expected late December.
29 Oct 2020quarterly activities report● Neutral
September 2020 quarter: cash about A$5.7M, down from A$6.4M. Auger drilling at Mbengué completed (921 holes); a new 393km2 permit application was lodged in August; 4,000m RC drilling planned from November. Mostly recaps known results.
6 Oct 2020drilling result▲ GoodMajor
Infill auger drilling (186 holes, 1,684m) expanded the two main Le Vieux-Phew zones to over 2km long and 300m wide, with a best result of 2m @ 5.7g/t gold. A 4,000m RC drilling programme was planned to start in November.
9 Sept 2020half year report● Neutral
Half-year to 30 June 2020: loss of $130,062, down from $371,343, attributed to foreign exchange gains, lower share-based payments and lower costs. Restates known exploration results; Manas bought its own auger rig, with Dielle auger drilling to begin in September.
7 Sept 2020price query● Neutral
ASX queried a share price move from A$0.0045 to A$0.008 on heavy volume. Manas replied it knows of no unannounced information and has no other explanation, and confirmed it is complying with disclosure rules.
4 Aug 2020drilling result▲ Good
Soil sampling (1,600 sites) over the 385km2 Bouaké North permit found five gold-in-soil anomalies, two about 6km long, with a peak of 4.19g/t. This delivers the long-awaited results; IP surveys and auger drilling are planned after the rains around October.
