Acquisition Completed Of The Nyanzaga Gold Project

PERTH, AUS - Perseus Mining Limited Chairman and CEO, Jeff Quartermaine said, “The Company has completed the acquisition of the Nyanzaga Gold Project through the takeover of OreCorp Limited. The Nyanzaga Project represents an exciting growth opportunity for Perseus that aligns with our strategy of upgrading the size, quality and geographic distribution of our asset portfolio. We have hit the ground running with the various work streams and are working diligently towards the target of taking a final investment decision for the project by the end of the year.

Perseus now has three operating mines currently producing gold at a rate of more than 500,000 ounces per year and two high-quality development projects that when brought on stream, should ensure that Perseus can maintain or exceed its targeted production level well into the next decade.

With the objective of operating at least four mines simultaneously, Perseus is well advanced towards confirming its place as a highly profitable, well managed, pan-African gold company that consistently creates benefits for all stakeholders.”