U.S. Markets closed
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • Dow 30

    29,590.41
    -486.27 (-1.62%)
     
  • Nasdaq

    10,867.93
    -198.88 (-1.80%)
     
  • Russell 2000

    1,679.59
    -42.72 (-2.48%)
     
  • Crude Oil

    79.43
    -4.06 (-4.86%)
     
  • Gold

    1,651.70
    -29.40 (-1.75%)
     
  • Silver

    18.78
    -0.76 (-3.90%)
     
  • EUR/USD

    0.9693
    -0.0145 (-1.4733%)
     
  • 10-Yr Bond

    3.6970
    -0.0110 (-0.30%)
     
  • Vix

    29.92
    +2.57 (+9.40%)
     
  • GBP/USD

    1.0857
    -0.0398 (-3.5360%)
     
  • USD/JPY

    143.3300
    +0.9950 (+0.6991%)
     
  • BTC-USD

    18,980.57
    -128.60 (-0.67%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • Nikkei 225

    27,153.83
    -159.30 (-0.58%)
     

Perseus updates mineral resources and reserves

·2 min read
Perseus Mining Limited
Perseus Mining Limited

Perth, Aug. 30, 2022 (GLOBE NEWSWIRE) -- PERSEUS MINING UPDATES MINERAL RESOURCES AND ORE RESERVES

Executive Summary

Perth, Western Australia/August 30, 2022/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/Historical Estimates are stated for Block 14 Mineral Resource and Mineral Reserves in the ‘Foreign/Historical Estimate’ subsection.

  1. HIGHLIGHTS

    • Perseus Mining has delivered another year of strong exploration drilling, resulting in an increase to the Mineral Resource and replenishment of the Ore Reserve ensuring the long-term sustainability of the Group’s production profile.

    • The Group’s total Measured and Indicated (M&I) Mineral Resources as at June 30, 2022 are estimated to be 132.9 Mt grading 1.19 g/t gold, containing 5,079 ounces of gold, compared with the estimate of June 30, 2021 of 130 Mt grading at 1.18 g/t Au for 4,942k ounces of gold.

    • Resource definition drilling at the CMA Underground deposit at Yaouré resulted in an upgrade to Mineral Resources and a maiden Ore Reserve of 2.2 Mt at 3.58 g/t gold, containing 259,000 ounces of gold. The addition of CMA underground to the Yaouré Gold Mine has the potential to significantly extend the life of the mine.

    • Drilling at the Nkosuo Project at the Edikan Gold Mine during the year resulted in a maiden Mineral Resource and an Ore Reserve of 10.0 Mt at 1.04 g/t gold, containing 332,000 ounces of gold. Nkosuo is a substantial addition to the Edikan Gold Mine, extending the life of the mine by 18 – 24 months to FY2027.

Attachment

CONTACT: Nathan Ryan Media Relations +61 4 20 582 887 nathan.ryan@nwrcommunications.com.au Claire Hall Corporate Communications +61 474 558 202 claire.hall@perseusmining.com