Highlights
Delivering on Resource Growth
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Completed 270,000m of drilling over three years from 2007 to 2009.
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Added resources at average of about 2Moz per annum from 2006 to 2010.
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Added indicated resources at the rate of 1.4Moz per annum from 2007 to 2010.
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CAGP A feasibility study completed in July 2009 demonstrated a robust, profitable project can be developed based on initial gold reserves of 2.13 million ounces.
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Increased gold reserves at Ghana operations to 3.3Moz, Measured & Indicated mineral resources to 5.7Moz of gold and Inferred mineral resources to 2.2Moz of gold.
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Tengrela - An initial mineral resource (gold) of 397,000 Indicated and 591,000oz Inferred announced in November 2008.
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Winner of the ‘Excellence in Frontier Exploration’ category during the 2009 National Mining Awards in Sydney.
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Indicated resources at Tengrela from 572,000oz at 1.8g/t Au to 9.8Mt at 2.5g/t for 782,670 oz (an increase of 37%) in August 2010. Inferred resources now total 3.4Mt at 1.7g/t for 184,500 oz.
Fast Track Development
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CAGP - Detailed Feasibility Study (DFS) was completed in July 2009. The Company is in the construction phase of development.
- Tengrela - A Definitive Feasibility Study confirmed robust project economics for Tengrela as well as the upside potential that exists from ongoing resource definition drilling.
Corporate Value Focused
- September 2004 - ASX listing achieved after AUD$3.7M IPO fundraising.
- May 2006 - Commenced exploration of the Central Ashanti Gold Project.
- July 2008 - The spin-out of Perseus' Kyrgyz Republic assets to Manas Resources Ltd completed in order to focus on West African gold projects.
- June 2009 - Completed AUD$75M capital raising from Australian, European and North American investors to fast track CAGP.
- October 2009 - Completed AUD$23.4M capital raising and in November issued subscription receipts for a further CDN$34.164M which converted to shares in February 2010, from North American, Australian and European investors.
- February 2010 - List on the Toronto Stock Exchange.
- March 2010 - Perseus joins the S&P/ASX 200 index.
- May 2010 - Perseus completes its offering of 50,600,000 ordinary shares for C$91,080,000.