KGL 1.05% 9.4¢ kgl resources limited

When you follow the political and beaurocratic circus that...

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    When you follow the political and beaurocratic circus that surrounds our krygyz asserts it is very difficult to stay positive. There still is, however, companies that do overcome the obstacles. Just a little reminder (for those new) that progress is still possible;

    http://www.manasresources.com/
    "Manas Resources Limited (ASX – MSR) is an Australian-based gold explorer in the Kyrgyz Republic with substantial resources, high-grade drill targets and a large highly-prospective land holding in the world class Tien Shan gold belt.

    We have a resource base of 1.25 million ounces of gold at our Shambesai and Obdilla gold projects which will continue to grow through aggressive and continuous exploration.

    A definitive Feasibility Study was released for Shambesai in April 2012. The study has confirmed Shambesai as a low-cost, high-margin gold leach project that is a technically simple, low-risk operation which can be commissioned in a relatively short time frame for a very low capital cost.

    In September 2012, the approval of the TEO Study (Russian interpretation for Justification of Technical and Economic Conditions) was received from the Mineral Reserves Commission acting on behalf of the State Agency for Geology and Mineral Resources of the Kyrgyz Republic (SAGMR). Manas was then entitled to apply for and receive a production licence.

    In December 2012, Manas was awarded a Mining and Development License for the Shambesai Gold Project which secured legal tenure over the deposit area and permits the completion of the design, construction and commissioning phases of the project. Manas also obtained the approval for Shambesai’s development concept by the Urban Development Council (UDC) of the Kadamjai Region of the Batken Oblast, allowing the Company to proceed to full design development.

    Current scheduling is for construction to commence at Shambesai during the first half of 2013 and gold production is forecast for early 2014. "
 
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