| Announcement Date: | 2022-09-01 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Perseus Mining Ltd. |
| Project name: | Edikan |
| Location: | Ghana |
| Commodities: | Gold |
| Highlight: | Updated Resource and Reserve Estimates for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Perseus Mining Limited (ASX/TSX: PRU) wishes to update the estimates of the Mineral Resources and Ore Reserves at each of its West African operations as summarised in Table 1 and Table 2 below, and detailed in this report. Foreign Estimates are stated for Block 14 Mineral Resource and Mineral Reserves in the ‘Foreign Estimate’ subsection. The Group’s total Measured and Indicated (M&I) Mineral Resources as at 30 June 2022 are estimated to be 132.9 Mt grading 1.19 g/t gold, containing 5,079k ounces of gold, compared with the estimate of 30 June 2021 of 130 Mt grading at 1.18 g/t Au for 4,942k ounces of gold. The Mineral Resource Statement as at 30 June 2022 accounts for mining depletion of in situ Mineral Resources and are reported inclusive of Mineral Reserves. Tonnes are reported as dry metric tonnes. All tabulated tonnes, grade and metal have been rounded to reflect appropriate precision in the estimate and may cause some discrepancies in totals. The Group M&I Mineral Resources as at 30 June 2022 are detailed in Table 3. Foreign/Historical Estimates for the recently acquired Block 14 Mineral Resource in Northern Sudan, announced on 28 February 2022 (see news release “Perseus enters into agreement to acquire Orca Gold Inc.”) are stated in the ‘Foreign/Historical Estimate’ subsection of this report and are reported separately from the Group’s Mineral Resources detailed below. |
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