Perseus Mining Limited
After listing on the Australian Securities Exchange in 2004, Perseus Mining Limited (ASX Code: PRU) has forged a reputation as one of the most successful exploration companies in the world.
Perseus focuses on under-explored gold belts that host 'world class' gold deposits. The Company has been extremely successful in West Africa and Central Asia, locating large deposits in Ghana, Ivory Coast and Kyrgyz Republic. Perseus has demonstrated a credible track record of resource growth.
The Company has almost reached its 2008 goal of increasing its West African resources to 5 million ounces and is now targeting 8 million ounces with reserves to 4 million by the end of 2009.
Perseus is arguably one of the most active explorers in West Africa with plans for 160,000m of drilling in 2008.
A detailed feasibility study is underway at its large Ayanfuri Project and is expected to be completed by April 2009.
Vision
Perseus aims to significantly increase its gold resource base through rapid exploration of existing projects and acquisition of additional projects.
The Company hopes to start its first mining operation in late 2010 and plans on having multiple operations in West Africa.
Mission
Perseus is a gold explorer focussing in West Africa. It has specific exploration programs, budgets and joint ventures in place to maximise the likelihood of discoveries and progress towards gold production.
