Mano - Facts and Figures

OUTLOOK



The promising New Liberty gold project in western Liberia continues to be the
main focus of Mano-funded (as distinct from joint-ventured) exploration,
together with diamond reconnaissance over the 15,000km2 MCA license. In all 112 drill holes have been completed at New Liberty gold project, including hole
KGD-63 grading 8.45 g/t gold over 37 metres, representing the best intersection
achieved to date on the property. It is important to note that, so far, the
prospect remains completely untested below a depth of 100m from surface and this type of Archaean gold deposit is typically characterised by a considerable
in-depth dimension. The bankable feasibility study is nearing completion under
the direction of a dedicated project manager, the objective being to achieve,
subject to financing, gold production in the first half of 2008 at a rate of
approximately 60,000 ounces a year.



The five joint-ventured programmes, which got under way in 2004/05, are
progressing well, most particularly at the Kono diamond project in Sierra Leone
where Petra Diamonds completed the installation of a processing plant and
commenced shaft sinking for test mining at three locations on kimberlite dykes.
Initial production of diamonds from bulk sampling and test mining was achieved
in June 2006. Petra are currently excavating four exploratory shafts, as they
seek to identify the best location on which to commence full scale mining.

Following the completion of a regional geochemistry programme, Golden Star have
identified a number of gold targets and are gearing up for a major drilling
campaign in the Pampana and Sonfon licences in Sierra Leone.

The major BHP-funded diamond reconnaissance programme in eastern Sierra Leone has been completed, with several targets of interest identified. Application has been made for three Exclusive Prospecting Licences (EPLs) and one Exclusive
Exploration licence (EXPL), with BHP-Billiton planning a drilling campaign on
the latter. In Guinea,

Navasota reported encouraging results from phase 1drilling at Missamana/Gueliban and are presently endeavouring to raise the
funding to commence phase 2.

At Weasua in Liberia, the results from the 3,000m drilling programme testing Mano's cluster of kimberlite pipes in the Trans Hex-funded joint venture were very encouraging. As a result, Trans Hex are importing a processing plant from South Africa to enable the bulk test work to be completed as quickly as possible.