{"id":8520,"date":"2022-05-10T06:09:19","date_gmt":"2022-05-10T06:09:19","guid":{"rendered":"https:\/\/perseusmining.com\/?page_id=8520"},"modified":"2024-04-26T13:31:48","modified_gmt":"2024-04-26T05:31:48","slug":"meyas-sand-gold-project-sudan","status":"publish","type":"page","link":"https:\/\/perseusmining.com\/meyas-sand-gold-project-sudan\/","title":{"rendered":"Meyas Sand Gold Project \u2013 Sudan"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\n\t\n<\/svg>\t\t<\/div>\n\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t
\"\"<\/figure>

3.34 million oz\/gold<\/h3>

M&I RESOURCES*<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t
\"\"<\/figure>

2.85 million oz\/gold<\/h3>

P&P Reserves*<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

70% owned by Perseus<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t
\n\t\t\t\n \n<\/svg>\t\t<\/div>\n\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

The Meyas Sand Gold Project (formerly Block 14), located in northern Sudan, has the potential to be a valuable large, long-life gold mine for Perseus. Perseus acquired Meyas Sand in May 2022 and plans to finalise infill drilling, revisit a Feasibility Study and Engineering, and prepare its own resource and reserve estimates before preparing a FEED study to enable a final investment decision.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

*The estimates set out above are foreign estimates as defined in the ASX Listing Rules which are not reported in accordance with the JORC Code and are historical estimates as defined in Canadian National Instrument 43-101. A competent person\/qualified person has not done sufficient work to classify the estimates as mineral resources or ore reserves in accordance with the JORC Code or as current mineral resources and mineral reserves in accordance with NI43-101.<\/p>

There is no certainty that after further evaluation and\/or further exploration work that the estimates will be able to be reported as mineral resources and ore reserves in accordance with the JORC Code.
Perseus is not treating the estimates as current estimates.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t

Project Overview<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

The Meyas Sand Gold Project sits on the Arabian-Nubian Shield (ANS), close to Sudan\u2019s northern border near Egypt, around 900 kilometres north of the capital Khartoum. The exploration license covers two main deposits \u2013 Galat Sufar South and Wadi Doum \u2013 and covers 1,000 square kilometres. Perseus has a 70% interest in the project, with the Government of Sudan holding a 20% stake and Meyas Nub, a local Sudanese enterprise, holding a 10% stake.<\/p>

Although Sudan is one of the largest producers of gold in Africa, much of this is driven through unregulated, artisanal mining. The country is relatively under explored using modern exploration techniques. Perseus considers there to be significant exploration potential in the region and sees opportunity in being one of the first to develop a large-scale, long life commercial gold mine in Sudan.<\/p>

The Project has strong support from the Sudanese government and is fully permitted, including the Mining Lease, Royalty Agreement and Water Permit.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t

PROJECT LOCATION MAP<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"_Meyas\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\n \n\n
\n
\n
\n \n
\n
\n

\n <\/span>\n 2012 <\/span>\n <\/h3>\n \n \"\"\/\n\n

\n <\/span>\n Joint venture agreement signed with Meyas Nub, Orca holding 70% interest Galat Sufar South (GSS) deposit discovered Exploration drilling campaign kicked off by Orca to refine understanding of resource and reserves <\/span>\n <\/p>\n <\/div>\n <\/div>\n\n \n

\n
\n

\n <\/span>\n 2014 <\/span>\n <\/h3>\n \n \"\"\/\n\n

\n <\/span>\n Maiden Resource reported for GSS <\/span>\n <\/p>\n <\/div>\n <\/div>\n\n \n

\n
\n

\n <\/span>\n 2015 <\/span>\n <\/h3>\n \n \"\"\/\n\n

\n <\/span>\n Updated Resource incorporating the Wadi Doum deposit <\/span>\n <\/p>\n <\/div>\n <\/div>\n\n \n

\n
\n

\n <\/span>\n 2016 <\/span>\n <\/h3>\n \n \"\"\/\n\n

\n <\/span>\n Preliminary economic assessment published <\/span>\n <\/p>\n <\/div>\n <\/div>\n\n \n

\n
\n

\n <\/span>\n 2017 <\/span>\n <\/h3>\n \n \"\"\/\n\n

\n <\/span>\n Water resource discovered <\/span>\n <\/p>\n <\/div>\n <\/div>\n\n \n

\n
\n

\n <\/span>\n 2018 <\/span>\n <\/h3>\n \n \"\"\/\n\n

\n <\/span>\n Block 14 Feasibility Study released by Orca <\/span>\n <\/p>\n <\/div>\n <\/div>\n\n \n

\n
\n

\n <\/span>\n 2020 <\/span>\n <\/h3>\n \n \"\"\/\n\n

\n <\/span>\n Feasibility Study Revised by Orca <\/span>\n <\/p>\n <\/div>\n <\/div>\n\n \n

\n
\n

\n <\/span>\n 2022 <\/span>\n <\/h3>\n \n \"\"\/\n\n

\n <\/span>\n Perseus Acquisition of Orca Gold and the Block 14 Project Future <\/span>\n <\/p>\n <\/div>\n <\/div>\n\n \n

\n
\n

\n <\/span>\n 2022 <\/span>\n <\/h3>\n \n \"\"\/\n\n

\n <\/span>\n Pre-commitment funding for drilling to further firm up resource and assist in finalising study <\/span>\n <\/p>\n <\/div>\n <\/div>\n\n \n

\n
\n

\n <\/span>\n 2023 <\/span>\n <\/h3>\n \n \"\"\/\n\n

\n <\/span>\n Preparation of FEED study for final investment decision <\/span>\n <\/p>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n <\/div>\n\n