September 2018 Conference Call

Mr Michael Cardinaels was appointed to the role of General Manager at Sissingué in March 2020. Mr Cardinaels joined Perseus in September 2017 as Mining Manager taking the operation from construction to full scale production and was subsequently appointed to the role of Operations Manager in March 2019.

Mr Cardinaels received a Bachelor of Engineering degree in Mining Engineering from the University of Queensland and holds qualifications in Management from the Australian Institute of Management and an Unrestricted Quarry Manager’s certification.

Mr Cardinaels has 20 years of experience in the mining industry with multiple commodities.

Mr Cardinaels began his career in underground gold mining followed by multiple operational and technical services roles in open cut coal in Australia. Prior to joining Perseus, he spent more than 5 years managing a major expansion and production at MMG’s Kinsevere open pit Copper Mine in the Democratic Republic of Congo.

Martijn Bosboom was appointed Perseus’ General Counsel and Company Secretary in 2013. Mr Bosboom holds a Bachelor of Laws from the University of Western Australia and a Master of Laws from the University of Leiden, the Netherlands. He also holds the Graduate Diploma of Applied Corporate Governance issued by, and is a Fellow of, the Governance Institute of Australia.

Mr Bosboom has more than 20 years’ experience as a corporate commercial lawyer across various industries and jurisdictions.

Mr Sean Harvey is Perseus Mining’s Non-Executive Chairman and a former Non-Executive Director of Perseus (from September 2009 to March 2017).

Mr Harvey has extensive experience in investment banking as well as executive management experience in the resources sector and brings valuable experience to assist the company as it seeks to broaden global market awareness of its growth as a West African gold producer. Mr. Harvey holds an Honours BA degree in Economics and Geography and an MA in Economics, both from Carleton University, an LLB from the University of Western Ontario and an MBA from the University of Toronto and he is a member of the Law Society of Upper Canada.

Mr Harvey also serves as Non-Executive Chairman of Victoria Gold Corporation and as a Non-Executive Director of Serabi Gold plc.

Mr Merlin Thomas took up the role of General Manager at Sissingué in October 2017 and has recently been appointed General Manager of Yaouré, Perseus third Gold Mine (March 2020). He is a mining professional with more than 35 years’ experience in the operation, commissioning, construction and evaluation of mineral projects in gold and base metals across five continents. Prior to joining Perseus Mining he was with First Quantum Minerals for 9 years and Zara Mining for 2 years.

Mr Thomas has a degree in Mineral Processing from the Royal School of Mines, Imperial College, London University, and is a Fellow of the Institute of Materials, Minerals & Mining, a Chartered Engineer (Engineering Council, UK), a European Ingénieur (FEANI), and a Practitioner Member of the Institute of Environmental Management and Assessment.

Mr Stephen Kofi Ndede was appointed the General Manager of the Edikan mine of Perseus mining in 2017 after working in the company as the Mining Operations manager for 2 years. Before joining Perseus Mr Ndede was the Business Improvement Manager of Golden Star Resources.

Mr Ndede has over 30 years’ experience in mine planning and operations and over the years has worked for Anglogold Ashanti, RandGold Resources and other companies in West-Africa. Mr Ndede has a track record of turning around distressed companies to profitable entities and was instrumental in turning around the fortunes of Iduapriem mine around in the early 2000s into a profitable mine.

Mr Ndede holds an MSc (1993) in Mining Engineering from the Camborne School of mines and a post – graduate Diploma in Mining Engineering from Tarkwa School of Mines.

Mr Michael Beck has joined Perseus with effect from 1 July 2018 and has over 25 years’ experience in the mining and resource sector across a broad range of commodities. He has recently worked on international greenfield projects in Central Asia, West Africa and Europe.

Mr Beck has considerable operations experience through his involvement with such companies as Rio Tinto, BHP Billiton, Minara Resources and Shandong Iron and Steel Group.

Mr Matthew Scully has built his career in Project Management within the mining sector completing both greenfield and brownfields projects of varying sizes on three continents over the past 15+years. The latest project prior to joining Perseus was the completion of the 100% Evolution Mining owned $180 million Mt Carlton Gold/Silver Project in North Queensland.

Mr Scully has a range of experience in various commodities including Manganese, Nickel, Copper and Gold and has managed projects both for underground and open pit operations.

Mr Scully joined Perseus in December 2016 and completed successfully the development of the Sissingué Project in Northern Côte d’Ivoire.

Dr Douglas Jones is a geologist with over 40 years of international exploration, exploration management and consulting experience in the mining industry. Dr Jones is a member of AusIMM (CP, Geo), AIG and SEG.

Between 2007 and 2014 Dr Jones served variously as Technical and Managing Director of Liontown Resources and Chalice Gold Mines responsible for exploration projects in Australia, Canada and Eritrea, the latter including the completion of exploration and feasibility studies on the Zara Gold Project before its sale to Chinese interests. Prior to that Dr Jones served for five years as Vice President Exploration for Golden Star Resources, responsible for their exploration activities in West Africa and South America. Earlier in his career Dr Jones served in senior exploration roles at Delta Gold Limited, Golden Shamrock Mines and Pancontinental Mining, where he was instrumental in the discovery of the Siguiri Gold Project in Guinea.

Dr Jones has also served as a Non-Executive Director of TSX- and AIM-listed companies Minera IRL Limited, Serabi Gold Limited and Moto Goldmines Limited.

Mr Andrew Grove is a senior Mining and Finance Executive with extensive experience and knowledge covering a diverse range of commodities and geographies and has an established track record of achieving results, identifying opportunities, structuring and executing transactions, establishing and maintaining networks as well as managing risk and developing teams.

Mr Grove has 28 years of experience including; 14 years with the Mining Finance Division of Macquarie Bank Limited where he held the position of Division Director prior to joining Perseus in September 2018.

Mr Grove holds a BEng (Geology) from the WA School of Mines and a Masters in Mineral Economics from Macquarie University.

Mr Paul Thompson has well over 30 years’ experience in the mining industry, having previously worked with Anglo American, De Beers, Newcrest, Coffey Mining, Alacer Gold and AECOM before joining Perseus in January 2015 as Group General Manager Technical Services.

Mr Thompson has an Honours B.Sc. degree in Physical Geography and Geology and a M.Sc. in Engineering Geology.

Mr Thompson has worked on mining operations and projects in Ghana, Côte d’Ivoire, South Africa, Namibia, Australia, Indonesia, Turkey, Philippines and Chile in senior technical services and project management roles.

Since joining Perseus, Mr Thompson has led the completion of the Sissingué and Yaouré Feasibility Studies and he and his team have been integral in achieving stability and predictability of production at Edikan Ghana.

Mr Chris Woodall was appointed Chief Operating Officer in September 2016. Mr Woodall received a Bachelor of Engineering degree in Mining Engineering from the Western Australian School of Mines and holds a degree in Surveying from the University of South Australia.

Mr Woodall has over 30 years of experience in the mineral sector with a strong emphasis on underground and open pit mining. Throughout his career, Mr Woodall has been recognized for his successes in extending mine life by improving operational efficiencies and for making fundamental safety, continuous improvement and cultural changes.

Mr Woodall began his career in Gold Mining in Tennent Creek, Australia in 1985 and he has held several management positions with the Renison Tin Mine, Henty Gold Mine in Tasmania, the CSA Copper Mine in New South Wales, Australia, as well as Barrick Gold and Goldcorp in Canada.

Ms Elissa Brown was appointed to the role of Non-Executive Director of Perseus in November 2020.

Ms Brown is a Chartered Accountant (ICAA) with a Bachelor of Commerce (BComm) from Curtin University and has over 19 years of experience in a range of financial roles with Australian and International companies.

Ms Brown has held financial management roles with various companies involved with gold, base metals and oil & gas mining in Australia and internationally. Most recently, until her decision to step down from executive duties in October 2020, Elissa served as Perseus Mining’s Chief Financial Officer, having first joined the company in 2010 and promoted to CFO in 2013.

Mr John McGloin is the former Chairman and CEO of Amara Mining and joined Perseus in April 2016, following the scheme of arrangement between Amara Mining and its shareholders becoming effective.

Mr McGloin is a geologist and graduate of Camborne School of Mines, Mr McGloin worked in the mining industry in Africa before moving into consultancy. He joined Arbuthnot Banking Group following four years as a mining analyst at Evolution Securities. Mr. McGloin is the former Head of Mining at Collins Stewart.

Over the years, Mr McGloin has worked for many mining companies including African Platinum, Randgold Resources, Avocet Mining, European Goldfields and Titanium Resources Group.

Ms Sally-Anne Layman was appointed to the role of Non-Executive Director of Perseus in September 2017.

Ms Layman, who holds both a Bachelor of Commerce (Accounting) and a Bachelor of Engineering in Mining (Hons) is also Chairperson of Perseus’ Audit and Risk Committee and a member of its Remuneration Committee.

Ms Layman is a Non-Executive Director and Chair of the Audit and Risk Committee for Imdex Limited and Beach Energy Ltd and a Non-Executive Director of Pilbara Minerals Ltd. Before retiring from executive roles in 2016, Ms. Layman spent 15 years working for the leading Australian investment Bank Macquarie Limited, with her most recent role being Division Director and Joint Head of the Perth office for the Metals, Mining and Agriculture Division.

Mr Colin Carson, retired as a Director of the Company at the Annual General Meeting held on 29th November 2019. He has performed the role of Executive Director- Commercial for the last 7 years at Perseus. During his time with Perseus, Mr Carson has accumulated a vast amount of corporate history and knowledge which will not be lost to the Company as he has agreed to continue serving as a part-time consultant for the foreseeable future. Mr Carson has been involved as a director of numerous Australian public companies since the 1980s and has extensive technical, commercial, taxation and mining laws knowledge and experience in West Africa. Mr Carson will continue to oversees joint venture negotiations and corporate and legal matters for Perseus.

Mr Jeff Quartermaine has more than 25 years’ experience in senior financial and strategic management roles with ASX and TSX-listed resources companies. Mr Quartermaine is a Certified Practising Accountant (CPA) who holds both business management (MBA) and engineering qualifications (BE).

As Perseus’ Chief Financial Officer from 2010 to 2013, Mr Quartermaine was a significant contributor to the team advancing Perseus’s Edikan Gold Project in Ghana to production, and preparing the Sissingué Gold Project, Côte d’Ivoire, for a development decision.

Mr Quartermaine was appointed Managing Director in January 2013.

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