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Perseus Mining Limited
Perseus Mining Limited (ASX Code: PRU) has forged a reputation as one of the world's most successful gold explorers. Focused on under-explored gold belts in West Africa, Perseus has identified significant deposits in Ghana, and Ivory Coast and demonstrated a credible track record of resource growth.
The Company's Central Ashanti Gold Project (formerly referred to as the Ayanfuri Gold Project) has reserves of 2.1 million ounces of gold and additional 1.03Moz Measured and Indicated and gold resources and 2.1Moz Inferred gold reserves. A further 0.57Moz of Indicated gold resources and 1.21Moz Inferred gold resources are held on its other West African projects.
A feasibility study for the Central Ashanti Gold Project was completed in July 2009. Gold production is targeted for 2011.
Among its investments, Perseus retains a 28% stake in Manas Resources Limited which it spun off in 2008 as a focused Kyrgyz Republic gold explorer and developer.
Vision
Perseus aims to expand its gold resource base through rapid exploration of existing ground and acquisition of prospective new projects, while developing the Ayanfuri gold project over the next two years.
The Company plans to start its first mining operation in 2011, (subject to obtaining all approvals on a timely basis), and aims at having multiple gold mines operating in West Africa.
Mission
Perseus is a gold explorer focused on West Africa. It has plans to develop mines in Ghana and Ivory Coast and aims to discover new gold resources through innovative exploration.
