Projects
Perseus Mining is a West African gold producer, developer and explorer with our two most advanced projects at different stages.
Perseus Mining's lead project is the Edikan Gold Mine (EGM), formerly known as the Central Ashanti Gold Project (CAGP), in Ghana, where we started production in August 2011 and entered commercial production on 1 January 2012. EGM comprises a group of large gold deposits located in the Ashanti gold belt.
Current Reserves at EGM stand at 3.4Moz with additional Measured and Indicated resources totalling 5.4Moz and Inferred resources at 1.71Moz. Part of EGM, the Bokitsi deposit has Indicated resources of 212,000oz and Inferred resources containing 89,000oz, while Measured and Indicated resources at Esuajah North deposit at EGM stand at 920,000oz.
Located east of EGM, the Grumesa Project has 0.5Moz of Measured & Indicated Resources and 0.25Moz of Inferred Resources.
The Sissingué Gold Project in Côte d'Ivoire is an underexplored project with a current open-ended gold resource, containing 0.66Moz in Reserves with 0.925Moz of Measured and Indicated resources and 0.3Moz of Inferred resources. Sissingue is the first of nine prospects on the project to be tested by reverse circulation and air core drilling.
We are targeting production at the Sissingue Gold Project in Côte d'Ivoire by 2014 and Sissingue will be a significant contributor to our goal to develop into a 400,000-ounce per year gold producer.
From 2005 to 2012 there were approximately 20 new gold mines in West Africa, making it a stand-out gold producing region.
For a description of Perseus’s data verification process, quality assurance and quality control measures, the effective date of the mineral resource and mineral reserve estimates contained herein, details of the key assumptions, parameters and methods used to estimate the mineral resources and reserves set out in this report and the extent to which the estimate of mineral resources or mineral reserves set out herein may be materially affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues, readers are directed to the technical report entitled “Technical Report - Central Ashanti Gold Project, Ghana” dated May 30, 2011 and the technical report entitled ‘‘Technical Report - Tengrela Gold Project, Côte d’Ivoire’’ dated December 22, 2010 in relation to the Edikan Gold Mine (formerly the Central Ashanti Gold Project) and the Tengrela Gold Project respectively.
