Perseus Mining is a multi-mine West African gold producer, developer and explorer, with two operating gold mines in Ghana and Côte d’Ivoire, and a third project in development.

Perseus' lead project is the Edikan Gold Mine (EGM) in Ghana. EGM comprises a group of large gold deposits located in the Ashanti gold belt. Commercial gold production commenced at Edikan on 1 January 2012.  

Reserves at EGM as at 31 December 2016 stand at 2.078Moz gold with additional Measured and Indicated resources totalling 5.011Moz gold and an Inferred resource of 899,000oz gold.

Perseus is exploring near-mine prospects, including Bokitsi, Mampong, Pokukrom and the Agyakusu prospecting licence with the goal of delineating further resources to extend the life of EGM. 

Located east of EGM, the Grumesa Project has 0.5Moz of Measured & Indicated Resources and 0.25Moz of Inferred Resources. 

Perseus commenced gold production at its Sissingué Project in Côte d'Ivoire in January 2018, transforming the company to a multi-mine, multi-jurisdiction gold producer. The project combines the Sissingué, Bélé East and Bélé West deposits, and has a Measured and Indicated Mineral Resource of 820,000oz gold, an Inferred Resource of 80,000oz gold and an Ore Reserve of 400,000oz gold. Further exploration is planned at Sissingué as Perseus aims to extend the mine life. 

The Yaouré Project, also in Côte d'Ivoire, has the potential to become a large-scale, low-cost, long life mining project. Perseus completed a Definitive Feasibility Study for the project in November 2017, which has a JORC-compliant Ore Reserve of 26.8Mt at 1.76g/t containing 1.52 million ounces of gold. The DFS estimated average annual production of 215,000oz for the first five years of operations, with average all in site costs of US$734/oz.

Perseus has commenced exploration at other prospects in Côte d'Ivoire including the Mbengué, Mahalé and Napié licences.

For a description of Perseus’s data verification process, quality assurance and quality control measures, the effective date of the mineral resource and mineral reserve estimates contained herein, details of the key assumptions, parameters and methods used to estimate the mineral resources and reserves set out in this report and the extent to which the estimate of mineral resources or mineral reserves set out herein may be materially affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues, readers are directed to the technical report entitled “Technical Report - Central Ashanti Gold Project, Ghana” dated May 30, 2011 and the technical report entitled ‘‘Technical Report - Tengrela Gold Project, Côte d’Ivoire’’ dated December 22, 2010 in relation to the Edikan Gold Mine (formerly the Central Ashanti Gold Project) and the Tengrela Gold Project respectively.

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