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Perseus Mining Limited (ASX:PRU) completed the acquisition of remaining approximately 85% stake in Orca Gold Inc. (TSXV:ORG) from a group of shareholders.

2022-05-19 00:00:00

Perseus Mining Limited (ASX:PRU) entered into an agreement to acquire remaining approximately 85% stake in Orca Gold Inc. (TSXV:ORG) from a group of shareholders for approximately CAD 200 million on February 26, 2022. Under the terms of the transaction which will be by way of a statutory plan of arrangement, holders of Orca shares that are not already owned by Perseus have been offered 0.56 Perseus shares for every Orca share held. If consummated, the Orca acquisition would result in Orca shareholders owning approximately 9.1% of the pro-forma Perseus Shares then outstanding. Orca will pay a termination fee of CAD 7.5 million to Perseus in case Orca terminates the agreement. The transaction is subject to Orca's shareholders approval, receipt of court approval, regulatory approvals and other customary closing conditions. Special committee of independent directors of Orca has unanimously recommended the transaction to the Board of Directors of Orca. Orca’s Board of Directors have unanimously approved the transaction and recommends that the Orca shareholders vote in favor of the transaction. The arrangement agreement has also been unanimously approved by the Board of Directors of Perseus. Directors, officers and certain other shareholders of Orca owning in aggregate approximately 37% of Orca's voting securities have entered into voting support agreements and have agreed to vote all the securities they own or control in favor of the transaction. As of May 16, 2022, Orca Gold Inc. shareholders voted to approve the acquisition. On May 18, 2022, the Supreme Court of British Columbia approved the transaction. The transaction is expected to close in early June 2022. As per disclosure on April 21, 2022, assuming the requisite approvals are obtained at the meeting, completion of the Arrangement is expected to occur on May 19, 2022. The transaction is expected to be net asset value per share accretive on the assumption that the Block 14 Project is brought into production. BMO Nesbitt Burns Inc. acted as fairness opinion provider to the Special Committee and the Board of Directors of Orca, and acted as financial advisor to Orca. Susan Tomaine and Alexandra Luchenko of Blake, Cassels & Graydon LLP acted as legal advisors to Orca. Al Gourley of Fasken Martineau DuMoulin LLP and Corrs Chambers Westgarth acted as legal advisors, and Sternship Advisers Pty Ltd. acted as financial advisor to Perseus Mining Limited. Computershare Investor Services Inc. acted as depository bank to Orca. Computershare Investor Services Pty Limited and Computershare Investor Services Inc. acted as transfer agents to Perseus. Computershare Trust Company of Canada acted as proxy solicitor and PricewaterhouseCoopers LLP, Chartered Accountants acted as accountant to Orca. Perseus Mining Limited (ASX:PRU) completed the acquisition of remaining approximately 85% stake in Orca Gold Inc. (TSXV:ORG) from a group of shareholders on May 19, 2022. Perseus issued an aggregate of 125,278,266 ordinary shares in the capital of Perseus to the holders of Orca Shares. The Orca Shares are expected to be delisted from the TSX Venture Exchange within approximately two trading days following the completion of the Arrangement. Orca has applied to the Canadian securities regulators to cease to be a reporting issuer in each of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec and New Brunswick.

Perseus Mining Limited Reaffirms Production Guidance for the Half Year Ended June 2022 and Full Year of 2022

2022-04-25 23:34:00

Perseus Mining Limited reaffirmed production guidance for the half year ended June 2022 and full year of 2022. Perseus's strong operating performance is forecast to continue with no change to the June 2022 Half Year production guidance of 230,000 to 265,000 ounces at an AISC of USD 915 to USD 1,085 per ounce. No change has been made to either production or cost guidance for the 2022 Financial Year of 471,164- 506,164 ounces of gold produced at an AISC of USD 932 to USD 1,020 per ounce.

Perseus Completes Resource Drilling Programme At Nkosuo

2022-04-19 22:48:00

Perseus Mining Limited report details of its recently completed resource drilling program at the Nkosuo prospect, located 7 km from its Edikan Gold Mine in Ghana. Preparation of a maiden Mineral Resource Estimate for the deposit has begun and is due for completion by the end of the June 2022 Quarter. HIGHLIGHTS Perseus r records further impressive drilling results from the Nkosuo prospect on the Agyakusu Prospecting Licence, located within comfortable trucking distance of the processing facility at the Edikan Gold Mine in Ghana. Resource definition drilling over the northern part of the deposit is now complete and work has begun on the estimation of a maiden Mineral Resource estimate for Nkosuo. This is due to be completed by the end of the June 2022 quarter. Results continue to demonstrate strong potential for shallow, granite-hosted open-pitable gold resources, with: NKS0048RD: 2.5m at 87.3 g/t Au from 250.5m NKS0056DD: 30.2m at 1.68 g/t Au from 102.34m and 12.2m at 8.03 g/t Au from 136.5m NKS0100RC: 9m at 13.93 g/t Au from 15m NKS0117RC: 22m at 3.92 g/t Au from 8m NKS0120RC: 16m at 4.17g/t Au from 24m NKS0142RC: 10m at 3.65 g/t Au from 36m NKS0153RC: 7m at 6.05g/t Au from 33m and 14m at 7.72g/t Au from 44m NKS0164RC: 6m at 6.71g/t Au from 16m and 22m at 1.48g/t Au from 28m NKS0170RC: 43m at 2.55 g/t Au from 7m and 39m at 2.97 g/t Au from 56m NKS0175RD: 5m at 24.74 g/t Au from 131m NKS0178RD: 14m at 9.14 g/t Au from 2m, 30m at 1.14 g/t Au from 20m and 48m at 1.06 g/t Au from 66m NKS0214RC: 10m at 7.49 g/t Au from 26m Results further confirm that the Nkosuo prospect hosts near-surface, granite-hosted gold mineralisation similar to that mined in Edikan's Fobinso and Abnabna ("AG") pits. Mineralisation and granite host remain open to the south. Nkosuo discovery has the potential to extend Edikan's mine life beyond forecast end in FY2026-2027. NKOSUO EXPLORATION DRILLING Results from Perseus's recent exploration activities at the Nkosuo project adjacent to its Edikan Gold Mine (Edikan) in Ghana continue to confirm the outstanding potential to grow its gold inventory at Edikan through further drilling success. Perseus secured an option to acquire the 23.85km(2) Agyakusu prospecting licence, currently held by Ghanaian company Adio-Mabas Ghana Ltd, in November 2019. Exploration drilling commenced at the Nkosuo prospect on the Agyakusu PL on July 1, 2021, with the first highly encouraging results being reported last year (News Release dated October 13, 2021), and further updated in January 2022 (News Release January 18, 2022). Perseus has drilled a total of 36,895 metres in 97 Reverse Circulation ("RC"), 19 diamond ("DD") holes and 103 RC pre- collared diamond holes ("RD"). Drilling was initially conducted on a nominal 80 x 80 metre grid to scope out the extent and overall geometry of the host granite and contained mineralisation, subsequently infilled to 40 x 20 metres over the main mineralised zones to provide the basis for a mineral resource estimate. Mineralisation at Nkosuo is hosted by an elongated NNE-trending granitic plug extending at least 1.2 kilometres in strike, with widths ranging from 120 metres in the northern part to up to 160 metres in the southern part. The northern part of the intrusive body is dislocated by a sinuous NW-SE fault that offsets the northern 400 metres of the body 160 metres to the northwest. The strongest mineralisation is contained in the offset northern part of the intrusion and the northern central section of the southern part of the intrusion, gradually waning to the southwest. The granite body dips at around 70(0) to the west in the northern part of the intrusion, steepening to near vertical towards the south. Mineralisation within the granite consists of variably intense quartz stockwork veining with associated quartz-carbonate-sericite alteration. The veining and alteration are accompanied by 1-2% disseminated and selvage pyrite and arsenopyrite, with better gold grades generally associated with higher concentrations of arsenopyrite. The granite remains open to the south, with indications from surface workings that mineralisation may strengthen within the southern apex of the intrusion, analogous to the situation in the northern apexThe Exploration Target is defined by: A wireframe of the host granite body used to limit the extent of interpreted mineralisation volume Drill s sample intervals composited to uniform 2 metre down-hole lengths with composite gold grades capped at 10g/t. Gold grades estimated by inverse distance squared weightings (IDW) into parent blocks with dimensions 20 metres east x 20 metres north x 10 metres elevation using a 50 metres east x 100 metres north x 100 metre elevation search ellipsoid with a minimum of four samples required to make an estimate. Estimates informed only by samples within the granite. Parent blocks sub-blocked against the granite wireframe and interpreted weathering surfaces using a minimum 5 metres east x 5 metres north x 2.5 metres elevation sub-block to reliably estimate the mineralisation volume. Densities for weathered, transition and fresh rock assumed to be 1.8, 2.1 and 2.7 tonnes per cubic metre. Sub-blocks grading greater than 0.4g/t gold and to a maximum vertical depth of approximately 170 metres. NEXT STEPS Results f from the recent drilling will form the sis for a Mineral Resource Estimate to b be completed during the June 2022 quarter. Metallurgical testwork is underway and geotechnical drilling has been undertaken to support studies into the Ore Reserve potential, expected to be completed early in the September Quarter of 2022. In anticipation that this work will lead to a positive outcome, Perseus has exercised its option over the Agyakusu permit, with the permit transfer currently awaiting Ministerial approval. Baseline studies to meet the requirements of the ESIA process have also commenced. Future drilling will focus on defining the southern extent of the granite and its contained mineralisation. Exploration more broadly at Edikan will investigate high-order prospects on the adjacent Agyakusu DML and Domenase permits where soil geochemical sampling has identified strong gold-in-soil anomalies associated with mineralised granites.

Perseus Mining Limited to Report Q3, 2022 Results on Apr 26, 2022

2022-04-14 01:23:00

Perseus Mining Limited announced that they will report Q3, 2022 results at 8:30 AM, E. Australia Standard Time on Apr 26, 2022

Perseus Mining Limited, Q3 2022 Earnings Call, Apr 26, 2022

2022-04-14 01:23:00

Perseus Mining Limited, Q3 2022 Earnings Call, Apr 26, 2022

Perseus Discovers More High-Grade Gold at Yaouré Mine

2022-04-12 22:30:00

Perseus Mining Limited reported further strong results from exploration drilling at its Yaouré Gold Mine in Côte d’Ivoire. Perseus will use the results to upgrade the CMA Underground Inferred Mineral Resource estimate to the Indicated category and complete a Pre-Feasibility Study (PFS) for a Yaouré underground mining operation in the June 2022 Quarter. HIGHLIGHTS: Perseus’s ongoing infill and down-dip extension drilling on the CMA structure at Yaouré continues to confirm strong potential for further mineral resources beneath the CMA open pit (“CMA Underground prospect”). Infill drilling of the Inferred resource confirms further high-grade gold mineralisation, with recent results including: YRC1957D: 20.5m @ 5.84 g/t Au from 243.8m, including 19.4m @ 6.12 g/t Au from 243.8m - YRC1960D: 12m @ 2.07 g/t Au from 257m, including 3m @ 6.65 g/t Au from 265m - YRC1961D: 13.4m @ 2.98 g/t Au from 264.6m, including 12.4m @ 3.18 g/t Au from 264.6m - YRC1968D: 12.2m @ 4.9 g/t Au from 291.8m, including 10.4m @ 5.61 g/t Au from 291.8m - YRC1970D: 10m @ 4.29 g/t Au from 275.8m, including 7.70m @ 5.47 g/t Au from 278.1m - YRC1974D: 14.2m @ 4.24 g/t Au from 218.8m - YRC1975D: 9.5m @ 5.34 g/t Au from 223.5m - YRC1982D: 6m @ 5.32 g/t Au from 301m - YRC1988D: 10m @ 12.03 g/t Au from 346m - YRC2006D: 10m @ 7.41 g/t Au from 228m, including 5.7m @ 12.64 g/t Au from 231.1m - YRC2018D: 9m @ 4.11 g/t Au from 321m, including 7m @ 5.24 g/t Au from 321m - YRC2019D: 15m @ 3.49 g/t Au from 268m including 7m @ 4.91 g/t Au from 268m and 5m @ 3.43 g/t Au from 278m - YRC2020D: 6.5m @ 5.15 g/t Au from 224m - YRC2029D: 26m @ 2.46 g/t Au from 235.3m, including 5.6m @ 6.17 g/t Au from 235.2m - YRC2039D: 8.5m @ 8.91 g/t Au from 222.7m - YRC2042D: 12m @ 2.01 g/t Au from 355m, including 3m @ 5.26 g/t Au from 355m. Perseus returned further high-grade results in the CMA hanging-wall, reflecting CMA splays or oblique S-structures: YRC1987D: 13m @ 7.78 g/t Au from 145m - YRC1989D: 8m @ 11.42 g/t Au from 60m - YRC2047D: 16m @ 3.39 g/t Au from 56m, including 4m @ 10.75 g/t Au from 68m - YRC2074D: 5m @ 5.46 g/t Au from 99m. CMA UNDERGROUND RESOURCE DRILLING: Perseus continued to focus recent exploration activities on the Yaouré permits at the CMA Underground prospect, located 2 kilometres south of the Yaouré mill. Results received continue to demonstrate the potential for the Company to materially grow its gold inventory at Yaouré through further drilling success. As detailed previously, Perseus has focused on infill drilling at the CMA Underground to firm up a previously defined Inferred Mineral Resource of 1.8 million tonnes grading 6.1 g/t Au extending below the currently planned CMA pit. This resource extends to a maximum 275 metre down dip beneath the open pit resource with potential for further mineralisation down dip beyond this. Perseus has also completed a Scoping Study which identified the potential to mine the CMA structure using underground mining methods. Drilling during the last quarter comprised 29,805 metres in 136 reverse circulation (RC) pre-collared diamond (DD) holes, infilling the existing 50 x 50 metres coverage to a nominal 25 x 25 metre pattern to allow conversion of the Inferred resource to Indicated. Results continue to provide strong encouragement, with the latest intercepts comparable in grade, thickness and style to those previously encountered. CMA DOWN-DIP DRILLING: Perseus received further results for drilling completed in late 2021 to investigate the next 300 metre down-dip from the current CMA Underground resource. The step-out program, guided by Perseus’s early 2020 3D seismic survey, is being drilled on an initial 100 x 200 metre pattern to better define the position of the CMA structure and the intensity of mineralisation. If results remain encouraging, this will be infilled to 100 x 100 metres to allow an initial Inferred Mineral Resource Estimate. This program, currently on hold while the CMA Underground resource conversion drilling is completed, will resume in the next quarter. STEPS AT CMA: Perseus’s ongoing exploration and study programmes at Yaouré will focus on: Completion of the infill drilling program to convert the CMA Inferred Resource to an Ore Reserve potentially exploitable by underground mining methods and providing the basis for a Pre-Feasibility Study (PFS). Geotechnical, hydrological, mining and metallurgical studies are underway, with a targeted completion for the PFS being the end of the June Quarter 2022, with timing dependent on the ultimate footprint size of the orebody. Resumption of drilling down dip of the Inferred Resource to identify the potential for further resource extensions. Continued analysis of data generated from the 3D seismic survey to define targets for drill testing. Completion of a property-wide geochemical auger drilling program to define bedrock geochemical and alteration patterns beneath extensive transported cover.

Perseus Mining Limited to Acquire 15% Interest in Orca Gold Inc

2022-01-31 18:28:00

Perseus Mining Limited announced that it has agreed to acquire a 15% interest in Orca Gold Inc. from Resolute Mining Limited ("RSG"). Orca is a gold developer, listed on the TSX Venture Exchange. Its key assets include a 70% interest in the Block 14 Gold Project in northern Sudan and a 31.5% interest in Montage Gold Corp, which owns the Koné Gold Project in northern Côte d'Ivoire. Perseus has agreed to acquire 39,092,233 million common shares in Orca from RSG representing 15% of Orca's common shares on issue (the "RSG Share Acquisition"). The RSG Share Acquisition was executed at a price of approximately 44.8 Canadian cents per Orca share representing the 10-day VWAP of Orca on the TSX-V to January 28, 2022. Total consideration for the RSG Share Acquisition is approximately CAD 17.5 million. Prior to the RSG Share Acquisition, Perseus held no common shares or other securities of Orca. Simultaneous with the RSG Share Acquisition, Perseus has agreed to provide Orca with a USD 5.0 million short term loan facility (the "Orca Loan Facility"). Orca plans to use the loan for working capital and for further exploration and development activities at Block 14. The Orca Loan Facility matures on June 30, 2022 with interest charged at a rate of 7.5% per annum. Prior to the RSG Share Acquisition Perseus has engaged in exclusive discussions with Orca with respect to a possible change of control transaction whereby Perseus would acquire all the outstanding securities of Orca. Orca potentially provides Perseus with exposure to two highly prospective assets with significant resource bases and is consistent with Perseus' strategy of building a platform of long life, highly profitable African gold assets. While the discussions regarding a possible transaction with Orca are continuing, any change of control transaction would be subject to, among other matters, the completion of outstanding due diligence including an assessment of the geopolitical situation in Sudan by Perseus and reaching agreement with Orca on definitive terms. As a result, there can be no assurance that any such transaction will be completed. Depending on market conditions and other factors, Perseus may, from time to time in the future, increase or decrease its direct or indirect ownership, control or direction over securities of Orca through market transactions, private agreements, subscriptions from treasury or otherwise.

Perseus Mining Limited (ASX:PRU) agreed to acquire 15.05% interest in Orca Gold Inc. (TSXV:ORG) from Resolute Mining Limited (ASX:RSG) for CAD 17.5 million.

2022-01-30 00:00:00

Perseus Mining Limited (ASX:PRU) agreed to acquire 15.05% interest in Orca Gold Inc. (TSXV:ORG) from Resolute Mining Limited (ASX:RSG) for CAD 17.5 million on January 29, 2022. The RSG Share Acquisition was executed at a price of approximately CAD 0.4476 per Orca share. Simultaneous with the RSG Share Acquisition, Perseus has agreed to provide Orca with a $5 million (CAD 6.39 million) short term loan facility. Sternship Advisers Pty Ltd. acted as financial advisor, Fasken Martineau DuMoulin LLP acted as legal advisor, Corrs Chambers Westgarth acted as legal advisor to Perseus Mining Limited. BMO Capital Markets acted as financial advisor and Blake, Cassels & Graydon LLP acted as legal advisor to Orca Gold Inc.

Perseus Mining Limited Approves Adoption of New Constitution

2021-11-25 23:36:00

Perseus Mining Limited at its Annual General Meeting, held virtually on 25 November 2021 approved adoption of New Constitution.

Perseus Mining to Seek Acquisitions

2021-11-25 10:00:00

Perseus Mining Limited (ASX:PRU) will look for acquisitions. Managing Director Jeffrey Quartermaine said, "we will be considering options to continue our strong performance and to further Perseus' growth with heavy emphasis on organic growth activities, including more exploration and drilling adjacent to our existing infrastructure, and also evaluating new opportunities for inorganic growth through acquisition".

Perseus Mining Limited Provides Production Guidance for the Second Half and Full Year Ending December 2021

2021-10-20 21:41:00

Perseus Mining Limited provided production guidance for the second half and full year ending December 2021. For the second half, the company expects gold production to be in the range of 225,000 ounces to 255,000 ounces. For the full year, the company expects gold production to be in the range of 416,247 ounces to 446,247 ounces.

Perseus Mining Limited Reports Sales Results for the Quarter and Year to Date Ended September 30, 2021

2021-10-20 21:30:00

Perseus Mining Limited reported sales results for the quarter and year to date ended September 30, 2021. For the quarter, the company’s gold sales increased to 107,650 ounces at an average realized gold price of USD 1,655 per ounce giving rise to a weighted average cash margin of USD 689 per ounce of gold produced.For the year to date, the company reported gold sales of 301,764 ounces.

Perseus Mining Limited Proposes Adoption of New Constitution

2021-10-17 21:17:00

Perseus Mining Limited proposed adoption of new constitution, at the AGM to be held on November 25, 2021.

Perseus Mining Limited Announces Positive Exploration Results At Perseus's Yaoure Mine

2021-10-13 21:18:00

Perseus Mining Limited provided an update on recent successful exploration activities at its Yaouré Gold Mine in Côte d'Ivoire. Drilling to date at the CMA Underground prospect has focused on infill drilling to firm up previously defined underground resources extending below the currently planned CMA pit. Perseus defined an Inferred Mineral Resource of 1.8 million tonnes grading 6.1 g/t Au, extending to a maximum 275m down dip beneath the open pit resource, with potential to extend mineralization further down dip beyond this. Perseus has also completed a Scoping Study which identified the potential to mine the CMA structure using underground mining methods. Due to the imminent cutback of the CMA South open pit, and likely loss of suitable sites for drill pads, the first stage of down-dip drilling has focussed on the southern end of the CMA structure where grades are generally lower than at the northern end. Drilling to date has comprised 6,476.7m in 34 RC pre-collared DD holes, infilling the existing 50 x 50m coverage to a nominal 25 x 25m pattern to allow conversion of the Inferred resource to Indicated. Results to date from the infill drilling program have been encouraging, with intercepts generally consistent with those previously encountered in both thickness and grade. The style of mineralisation is also consistent with previous intersections, comprising pervasive, moderate to strong, pink-pale brown albite and carbonate alteration developed within a well-defined structure marked by quartz carbonate veins, fault veins, multi dilatant fault breccia, cataclasis and shearing. Step-out drilling to investigate the next 300m down-dip from the current CMA Underground resource has also commenced, with 2,512m of RC pre-collars drilled in 27 holes. Drilling of diamond tails to complete these holes to their targeted depth has commenced, with 827.3m drilled in two holes. The step-out program is guided by Perseus's early 2020 3D seismic survey that clearly identified the CMA structure extending to depth beyond the current drill coverage. Drilling is being undertaken on an initial 100 x 200m pattern to better define the position of the CMA structure and the intensity of mineralisation. If results are encouraging, this will be infilled to 100 x 100m to allow an initial Inferred Mineral Resource Estimate. CMA EAST SEISMIC TARGET DRILLING, YAOURÉ Perseus has also made progress in testing drill targets identified from a 3D seismic survey completed at Yaouré in 2020. Interpretation of data from the Yaouré 3D seismic survey revealed several shallowly east-dipping CMA-like structures in the hanging wall of the main CMA structure at depth. Extrapolation of these structures to the near surface suggested they would daylight in two sets around 500m and 2,000m east of the CMA pit, converging to the south in the Kongonza area. To test these targets, Perseus drilled 73 shallow RC holes for 5,740m in 13 east-west traverses across the trend of the structures. Results have been encouraging, with potentially economic widths and grades encountered in CMA-style mineralisation intersected in the structure east of the CMA. Drilling of the structure further east is ongoing, encouraged by recent deep artisanal mining coincident with its interpreted surface trace. Further drilling is planned to follow up these structures to the north and at depth. Ongoing exploration and study programmes at Yaouré will focus on: Continuation of drilling to convert the Inferred Resource at CMA to an Ore Reserve to be potentially exploited by underground mining methods and drilling down dip of the Inferred Resource to identify the potential for further resource extensions. The drilling to convert the Inferred CMA resource to an Ore Reserve is being carried out as the first part of Prefeasibility Study. Geotechnical, hydrological, mining and metallurgical studies will progressively commence as more drilling and assaying results are received. Target completion for the Prefeasibility Study is the end of the June Quarter 2022, with timing dependent on the ultimate footprint size of the orebody. Continuation of drill testing of targets generated from the 3D seismic survey, with an initial focus on near-surface targets. Aircore drilling and augering at early-stage regional prospects such as Degbezere NE. Infill and down-dip extension drilling confirms gold mineralisation consistent with previous results from this area, with recent drill results including: YRC1819D: 4.1m @ 1.44g/t Au from 129m & 3m @ 1.87 g/t Au from 220m; YRC1821D: 9m @ 5.42 g/t Au from 221m; YRC1822D: 6.2m @ 7.27 g/t Au from 228, including 1m @ 20.0 g/t Au from 229m; YRC1840D: 1.75m @ 4.76 g/t Au from 188m; YRC1841D: 6m @ 3.00 g/t Au from 229m; YRC1842D: 8m @ 3.87 g/t Au from 221m; YRC1847D: 3m @ 1.53 g/t Au from 188m & 3m @ 4.52 g/t Au from 195m; YRC1848D: 6m @ 3.54 g/t Au from 179m, including 1m @ 13.7 g/t Au from 179m; YRC1848D: 7m @ 1.73 g/t Au from 194m, including 2m @ 2.73 g/t Au from 199m.

Perseus Mining Limited Provides Details of Recent Successful Exploration Activities at its Edikan Gold Mine in Ghana

2021-10-12 21:19:00

Perseus Mining Limited provided details of recent successful exploration activities at its Edikan Gold Mine in Ghana. Impressive drilling results have been recorded by Perseus at the Nkosuo prospect on the Agyakusu Prospecting Licence, just seven kilometres from the mill at Edikan. Drill results that demonstrate strong potential for shallow, granite-hosted open-pitable gold resources, include; NKS0001RC; 32m at 2.61 g/t from 23m, NKS0002RD; 37m at 1.10 g/t from 12m, NKS0002RD; 5m at 21.22 g/t from 229m, NKS0004RD; 100m at 1.82 g/t from 50m, NKS0005RD; 11m at 1.59 g/t from 82m, NKS0005RD; 31m at 1.12 g/t from 117m, NKS0005RD; 15m at 1.48 g/t from 152m, NKS0006RD; 13m at 1.54 g/t from 66m, NKS0007DD; 31m at 1.26 g/t from surface, NKS0007DD; 21.50m at 1.32 g/t from 75m, NKS0007DD; 19m at 1.29 g/t from 111m, NKS0008RD; 75.20m at 2.71 g/t from 42m, NKS0013RC; 45m at 1.97 g/t from 41m, NKS0014RC; 13m at 1.28 g/t from 54m, NKS0014RC; 17m at 2.18 g/t from 85m, NKS0015RD; 15m at 1.17 g/t from 22m, NKS0015RD; 70m at 1.30g/t from 87m, NKS0018RD; 4m at 10.22 g/t from 212.4m, NKS0019RD; 22m at 2.30 g/t from 5m, NKS0019RD; 18m at 1.91 g/t from 69m, NKS0019RD; 37.5m at 1.12 g/t from 107.5m, NKS0020RD; 7m at 2.78 g/t from 56m, NKS0021RD; 30m at 1.21 g/t from 1m, NKS0021RD; 40m at 0.91 g/t from 120m, and NKS0026RC; 25m at 0.96 g/t from 23m.

Perseus Mining Limited to Report Q1, 2022 Results on Oct 21, 2021

2021-10-12 00:50:00

Perseus Mining Limited announced that they will report Q1, 2022 results at 8:30 AM, E. Australia Standard Time on Oct 21, 2021

Perseus Mining Limited, Q1 2022 Earnings Call, Oct 21, 2021

2021-10-12 00:50:00

Perseus Mining Limited, Q1 2022 Earnings Call, Oct 21, 2021

Perseus Mining Limited - Special Call

2021-10-11 01:01:00

To discuss the highlights of the FY21 Sustainable Development Report

Perseus Mining Limited Presents at The NWR Resources Series Mining's Top Microcaps and Midcaps, Sep-28-2021 10:05 AM

2021-09-22 03:48:00

Perseus Mining Limited Presents at The NWR Resources Series Mining's Top Microcaps and Midcaps, Sep-28-2021 10:05 AM. Speakers: Jeffrey Allan Quartermaine, MD, CEO & Director.

NWR Communications Pty Ltd, the NWR Resources Series Mining's Top Microcaps and Midcaps, Sep 28, 2021 through Oct 26, 2021

2021-09-20 23:14:00

NWR Communications Pty Ltd, The NWR Resources Series Mining's Top Microcaps and Midcaps, Sep 28, 2021 through Oct 26, 2021.

Perseus Mining Limited, Annual General Meeting, Nov 25, 2021

2021-09-10 13:13:00

Perseus Mining Limited, Annual General Meeting, Nov 25, 2021, at 18:00 W. Australia Standard Time. Agenda: To consider the financial results of the company for the year ended June 30, 2021, together with the reports by the directors and auditors thereon; to consider the adoption of remuneration report; to consider the re-election of directors; to consider the capital return to shareholders; to consider the approval of issue of performance rights to Mr. Quartermaine; to consider the adoption of new constitution; and to consider any other matters.

Perseus Mining Limited - Shareholder/Analyst Call

2021-09-10 13:13:00

AGM Meeting ID 319-505-119

Perseus Mining Limited, 0.015 (AUD), Cash Dividend, Dec-02-2021

2021-08-26 00:00:00

Perseus Mining Limited, 0.015 (AUD), Cash Dividend, Dec-02-2021

Perseus Mining Announces Dividend Policy and Maiden Capital Return

2021-08-25 22:32:00

Perseus Mining Limited announced that its Board of Directors has approved the implementation of a Dividend Policy commencing with a maiden distribution by way of a capital return to shareholders. The Board of Perseus has approved payment of a maiden distribution of approximately AUD 18 million or 1.50 cents per ordinary share, to be effected by way of a shareholder approved equal capital reduction. The Board will be seeking shareholder approval for the capital reduction at its Annual General Meeting to be held in November 2021 to be distributed in October 2021.

Perseus Mining Limited Provides Production Guidance for the First Half Ending December 2021

2021-08-25 22:32:00

Perseus Mining Limited provided production guidance for the first half ending December 2021. The company expects production to be 225,000 Ounces – 255,000 Ounces.

Perseus Mining Limited Announces Mining Updates of Mineral Resources & Ore Reserves

2021-08-23 22:40:00

Perseus Mining Limited to update the estimates of the Mineral Resources and Ore Reserves at each of its West African operations. The Mineral Resource estimates are reported in accordance with the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code).  The classification categories of Measured, Indicated and Inferred under the JORC Code are equivalent to the CIM categories of the same names (CIM, 2014). The CMA open pit and Heap Leach Mineral Resources have been depleted to 30 June 2021 surveyed mining surfaces.  The Company confirms that there have been no other material changes to estimates of Yaouré and CMA deposits open pit or Heap Leach Mineral Resources and readers are referred to ASX release “Perseus Mining Updates Mineral Resources and Ore Reserves” dated 28 August 2019 and the notes contained therein. In respect of the estimate of Mineral Resources that might be exploited by underground mining, readers are referred to ASX release “Perseus Mining Completes Scoping Study for Potential Underground Mine at Yaouré” dated 5 November 2018 and the notes contained therein.  The Company confirms that it is not aware of any information that would result in a material change to that estimate. Govisou and Angovia 2 deposits are hosted by Palaeoproterozoic Birimian Supergroup rocks of the Bouaflé Greenstone Belt. Govisou gold deposit is hosted by a diorite intrusion surrounded by metabasalts.  Mineralisation is thought to be associated with both NE and NW striking, subvertical structures but forms a diffuse volume that is almost circular in plan view, about 90m in diameter and plunging at about 60 degrees toward the NNW.  Gold is associated with low concentrations of fine-grained disseminated pyrite and phengite alteration.  Quartz veining is rare. Angovia 2 deposit comprises gold mineralisation associated with pyrite disseminations and veinlets hosted in chlorite-carbonate-silica altered metabasalts.  The deposit strikes E-W in an anastomosing shear zone and extends over about 550m strike, with mineralisation controlled by brittle-ductile shears that mainly dip south at 50-60 degrees.  Subsidiary north-dipping structures also appear to occur. The Govisou resource is delineated by regular drilling at 20m x 20m X-Y spacing in holes dipping at -45 degrees toward 135 degrees azimuth.  Drill coverage generally extends to about 100m vertical depth and to a maximum of about 140m maximum depth. Data available to inform the Govisou resource estimate include: 330m of RC drilling in 3 holes completed by Amara Mining plc in 2015; 6,908m of RC drilling in 76 holes completed by Perseus Mining in 2020-2021; 862m of diamond core drilling in 4 holes drilled by Perseus Mining in 2017 and 2020. All RC drilling by Amara and Perseus used face-sampling hammers.  Diamond core drilling used HQ diameter core and triple-tube equipment to maximise core recoveries in weathered materials. 17% of core was HQ diameter; 83% was NQ diameter. The Angovia 2 resource is delineated by drilling on 25m spaced traverses (X) with hole spacing generally at 20m on traverses (Y).  Because of historic drill patterns, the central part of the deposit has partial infill drilling on 15m spaced traverses. Data available to inform the Angovia 2 resource estimate include: 6,883m of RC drilling in 90 RC holes drilled by Cluff Mining plc in 2006-2007; 2,267m of RC drilling in 18 holes drilled by Amara mining plc in 2012-2014; 1,055m of diamond core drilling completed by Amara mining in 2012; 7,235m of RC drilling in 107 holes completed by Perseus Mining in 2020-2021; 1,652m of diamond core drilling completed by Perseus Mining in 2017-2021; 1,637m of RC grade control drilling in 69 vertical holes drilled by Perseus Mining in 2021. All RC drilling by Cluff, Amara and Perseus used face-sampling hammers.  Diamond core drilled by Amara was HQ diameter in weathered material and NQ diameter in fresh rock.  All diamond core drilled by Perseus was HQ diameter, with triple-tube equipment used to maximise core recoveries in weathered materials. RC drill samples were collected at drill sites over generally 1m intervals and manually split using multi-stage riffle splitters to produce assay sub-samples averaging around 3kg.  RC holes drilled by Perseus at Govisou during 2020-2021 had riffle splits of 1m samples composited to 2m for assay.  All RC holes by Cluff, Amara and Perseus have been assayed in entirety. Diamond core was generally sawn in half using a diamond blade saw, with one half sent for assaying and the other half stored in core trays for reference. Samples were normally taken at 1 metre intervals.  All diamond drill core was assayed. Preparation of core and RC samples followed a standard path of drying at 105 degrees C for at least 12 hours, crushing the entire sample to 85% passing -2mm and grinding a 1.5kg split to 85% passing 75 microns.  200g subsamples collected by multiple scoop passes were despatched to the assay laboratory. At Govisou, 36% of samples informing the resource estimate underwent sample preparation at the Yaouré facility operated by Perseus.  The remaining samples underwent sample preparation at commercial laboratories. At Angovia 2, all RC and core samples informing the resource estimate underwent sample preparation variously at the Yaouré facility operated at various times by Cluff, Amara and Perseus or at commercial assay laboratories. At Govisou, all RC and diamond core samples have been assayed by 50g fire assay with AAS determination by commercial laboratories. At Angovia 2, samples from Cluff RC holes, comprising about 33% of samples available to inform the resource estimate, were assayed by 500g cyanide leach by Abilab, Ouagadougou, part of the ALS Laboratory Group.  Samples from Amara’s 2012 RC drilling campaign, comprising 11% of samples informing the resource estimate, were assayed at Yaouré using cyanide leach.  Remaining samples from RC drilling by Perseus and core drilling by both Amara and Perseus were assayed by 50g fire assay with AAS finish. Resources were estimated by Multiple Indicator Kriging (MIK) of two metre down-hole composited gold grades from RC and diamond drilling. At Angovia 2, selected pre-production grade control RC holes were included in the estimation dataset in areas of limited resource sampling in the northern, near-surface portion of the deposit.

Perseus Mining Limited Updates its Life of Mine Plan for Yaouré Gold Mine in Côte D'ivoire, West Africa

2021-08-23 22:07:00

Perseus Mining Limited has updated its Life of Mine Plan ("LOMP") for the Yaouré Gold Mine in Côte d'Ivoire, West Africa. Highlights: Updated Measured and Indicated Mineral Resources1 associated with Yaouré are estimated to be 51.3 million tonnes grading 1.34 g/t gold containing 2.21 million ounces of gold at a cut-off grade of 0.4g/t within an optimal pit shell constrained at a gold price of USD 1,800/oz. Updated Inferred Resources1 are estimated to be 47 million tonnes, grading 1.1 g/t gold and containing 1.7 million ounces of gold at a cut-off grade of 0.4g/t. The estimated Measured and Indicated Mineral Resources include Ore Reserves1,2 totaling 29.6 million tonnes of ore grading 1.71 g/t gold and containing 1.63 million ounces of gold. The estimated Ore Reserves include ore delineated at the Angovia 2, and Govisou deposits as well as the Y2N and Y3 pitlets located adjacent to the Yaouré pit. The updated Ore Reserves do not include mineralization associated with the potential CMA Underground deposit that is currently the target of infill drilling. Forecast mine life of 8.0 years from 1 July 2021 with potential to materially extend the mine life through additional discoveries and definition drilling of known deposits, including the CMA underground extension.

Perseus Mining Limited to Report Fiscal Year 2021 Results on Aug 26, 2021

2021-08-17 23:54:00

Perseus Mining Limited announced that they will report fiscal year 2021 results at 8:30 AM, E. Australia Standard Time on Aug 26, 2021

Perseus Mining Limited, 2021 Earnings Call, Aug 26, 2021

2021-08-17 23:54:00

Perseus Mining Limited, 2021 Earnings Call, Aug 26, 2021

Perseus Mining Limited Provides Production Guidance for the Half Year and Full Year Ending December 31, 2021

2021-07-20 22:54:00

Perseus Mining Limited provided production guidance for the half year and full year ending December 31, 2021. For the half year, gold production and AISC for the December 2021 half year set at 225,000 to 255,000 ounces at a cost of USD 925 to USD 1,025 per ounce.For the year, gold production and AISC for the December 2021 full year set at 416,247 to 446,247 ounces at a cost of USD 975 to USD 1,035 per ounce.

Perseus Mining Limited, Q4 2021 Earnings Call, Jul 21, 2021

2021-07-13 22:20:00

Perseus Mining Limited, Q4 2021 Earnings Call, Jul 21, 2021

Perseus Mining Limited to Report Q4, 2021 Results on Jul 21, 2021

2021-07-13 22:20:00

Perseus Mining Limited announced that they will report Q4, 2021 results at 8:30 AM, E. Australia Standard Time on Jul 21, 2021