Name of the Project
Yaouré gold mine.

Location
Southern edge of Lake Kossou, 35 km north-west of the capital city of Yamoussoukro, in Côte d’Ivoire.

Project Owner/s
Perseus Mining.

Project Description
Perseus Mining has updated the life-of-mine (LoM) plan for the Yaouré gold mine, resulting in updated measured and indicated resources of 51.3-million tonnes grading 1.34 g/t gold, containing 2.21-million ounces of gold at a cutoff grade of 0.4g/t, within an optimal pit shell constrained at a gold price of $1 800/oz.

Inferred resources are estimated at 47-million tonnes grading 1.1 g/t gold and containing 1.7-million ounces of gold at a cutoff grade of 0.4 g/t.

The mineral resources include ore reserves totalling 29.6-million tonnes of ore grading 1.71 g/t gold and containing 1.63-million ounces of gold.

The mine could produce 1.43-million ounces of gold over an initial eight-year LoM, compared with 1.37-million ounces in the definitive feasibility study.

The two main sources of ore to be processed at Yaouré during the remaining LoM, as currently defined, are CMA and Yaouré. Additional ore will be mined from the smaller Govisou and Angovia 2 pits and the small Y2N and Y3 pits, complemented by the remaining stocks of previously heap leach ore stacked as part of previous decommissioned mining operations.

Ore feed will continue to be supplemented with oxide material drawn from decommissioned heap-leach pads located close to the run-of-mine pad. Ore will be transported from these various sources to the adjacent processing plant and waste will be taken to a single, large waste dump located between the pits and the adjacent villages.

Tailings from the process plant will be stored in a single, high-density polyethylene-lined tailings storage facility located to the south of the process plant.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
Not stated.

Planned Start/End Date
Not stated.

Latest Developments
Studies are in progress to assess the viability of mining additional openpit and underground mineralisation at several sites within the immediate mining area. It is expected that the studies will result in the progressive addition of further mineral resources and reserves to the LoM plan.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Perseus Mining, tel +61 8 6144 1700 or email IR@perseusmining.com.