Perseus Mining Limited (ASX: PRU) – $0.295

20 Apr 2015

Perseus Mining Limited (ASX: PRU) has updated the Life of Mine Plan for the Edikan Gold Mine in Ghana, West Africa.


Highlights include:


  • Proved and Probable Ore Reserves for the Edikan Gold Mine are estimated to total 61.6Mt of ore grading at 1.2g/t gold and containing approximately 2.35Moz of gold;


  • The revised Life of Mine Plan involves mining and processing of ore from seven optimised open pits designed using US$1,200/oz pit shells and input costs based on actual operating experience and recently contracted supply agreements;


  • For the period from FY2016 to FY2023 inclusive, average gold production of 240,000oz/pa at an average all-in site cash cost of US$937/oz;



The updated global Measured and Indicated Mineral Resource for the Edikan Gold Mine is now estimated at 149.5Mt grading at 1.1g/t gold and containing 5.25Moz gold. The Inferred Mineral Resource is estimated to be 68.1Mt of material grading at 1.0g/t gold and containing 2.17Moz of gold.



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