Perseus Mining Updates Mineral Resources and Ore Reserves
August 23 2023 - 5:30PM
PERSEUS MINING UPDATES MINERAL RESOURCES
AND ORE RESERVES
EXECUTIVE SUMMARY
Perth, Western Australia/August 24,
2023/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 below.
HIGHLIGHTS
- Perseus Mining has
delivered another year of positive growth from resource definition
drilling and studies, leading to an increase to the Measured and
Indicated (M&I) Mineral Resource and increase to Proved and
Probable Ore Reserves, ensuring the long-term sustainability of the
Group’s production profile.
- The Group’s total
M&I Mineral Resources at 30 June 2023 are estimated to be 122.8
Mt grading 1.31 g/t gold, containing 5.2 Moz of gold, compared with
the estimate of 30 June 2022 of 132.9 Mt grading at 1.19 g/t Au for
5.1 Moz of gold.
- Group Proved and
Probable Ore Reserves are now estimated at 73.8 Mt at 1.45 g/t gold
for 3.4 Moz, compared to the estimate of 30 June 2022 of 72.5 Mt
grading at 1.39 g/t Au for 3.3 Moz ounces of gold, this is an
increase after depletion of +192 koz (+6% addition) via organic
growth during the past twelve months.
- At Yaouré Gold Mine,
the completion of an underground feasibility study, combined with
underground and open pit resource definition drilling and studies
has converted Inferred Mineral Resources to Indicated, and
increased Yaouré Ore Reserves by 5.5 Mt grading 2.31 g/t for 410
koz of gold after depletion, for a total of 37.2 Mt at 1.73 g/t
containing 2.1 Moz, which will significantly increase mine
life.
- Underground Probable
Ore Reserves estimated to date total 4.9 Mt of ore grading 3.51 g/t
gold and containing 559 koz of gold, which is an increase for FY23
of 2.7 Mt at 3.46 g/t gold containing 300 koz of gold.
- Yaouré open pit
Probable Ore Reserves have increased in FY23 by 6.9 Mt at 1.82 g/t
for 403 koz of gold, for a total of 11.8 Mt at 1.49 g/t gold
containing 565 koz of gold.
ASX/TSX CODE: PRUREGISTERED OFFICE:Level 2437 Roberts RoadSubiaco
WA 6008Telephone: +61 8 6144 1700Email: IR@perseusmining.comABN: 27
106 808 986www.perseusmining.com |
CONTACTS:Nathan RyanMedia Relations+61 4 20 582
887nathan.ryan@nwrcommunications.com.auJeff QuartermaineManaging
Director & CEOjeff.quartermaine@perseusmining.com |
- 230824 TSX Annual Resources and Reserves Statement
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