Grumesa
The Grumesa licence (39km²) is located on the eastern side of the Edikan Gold Mine (EGM).
Considerable potential exists for further resources, given that the upper 45m of the deposit as currently defined contains more than 12,000 ounces of gold per vertical metre and there is limited drilling below 45m.
With 471,000oz in Indicated gold resources and 247,000oz Inferred gold resources the low-grade Kayeya project can be developed as a low capital cost but higher operating cost per ounce satellite producer to the larger EGM operation in the Ayanfuri area some 35km to the west.
Perseus has applied for a mining lease at Grumesa.