Perseus Mining Limited
Perseus Mining Limited (ASX/TSX Code: PRU) has forged a reputation as one of the world's most successful gold explorers. Focused on under-explored gold belts in West Africa, we have identified significant deposits in Ghana, and Ivory Coast and demonstrated a credible track record of resource growth.
Our Central Ashanti Gold Project (formerly referred to as the Ayanfuri Gold Project) has reserves of 2.1 million ounces of gold and additional 1.03Moz Measured and Indicated and gold resources and 2.1Moz Inferred gold reserves. A further 0.57Moz of Indicated gold resources and 1.21Moz Inferred gold resources are held on our other West African projects.
A feasibility study for the Central Ashanti Gold Project was completed in July 2009. Gold production is targeted for 2011.
Among our investments, we retain a 28 per cent stake in Manas Resources Limited which we spun off in 2008 as a focused Kyrgyz Republic gold explorer and developer.
Vision
Our aim is to expand our gold resource base through rapid exploration of existing ground and acquisition of prospective new projects, while developing the Ayanfuri gold project over the next two years.
The Company plans to start its first mining operation in 2011, (subject to obtaining all approvals on a timely basis), and aims at having multiple gold mines operating in West Africa.
Mission
Perseus is a gold explorer focused on West Africa. We plan to develop mines in Ghana and Ivory Coast and discover new gold resources through innovative exploration.
