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Perseus Mining Ltd.
Summary
| Project: | Sissingue | |
|---|---|---|
| Deposit: | Sissingue | |
| Location: | Côte D'Ivoire | |
| Commodities: | Gold | |
| Date: | 3/31/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Optimisation Study | |
| Project Stage: | Mine Development | |
| Report details: | 31-3-2017: Perseus Mining Ltd. announces a Optimisation Study report for its Sissingue deposit at the Sissingue project. Updated Life of Mine plan for Perseus + updated resources and reserves. Perseus Mining Limited (“Perseus” or the “Company”) (ASX/TSX: | |
| Resources: | (Reserve, P+P): 5.9Mt @ 2.1g/t Au for 400koz Au contained at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Perseus Mining Limited (“Perseus” or the “Company”) (ASX/TSX: PRU) is pleased to announce details of its updated Life of Mine Plan (“LOMP”) for the Sissingué Gold Mine in Côte d’Ivoire, West Africa (“SGM”). Perseus has updated its LOMP for the SGM assuming that re-estimated Mineral Resources and Ore Reserves for the Sissingué mineral deposit (“Sissingué”) as well as estimated Mineral Resources and Ore Reserves for the nearby Bélé East and Bélé West mineral deposits are processed through the SGM processing facility. The combined Proved and Probable Ore Reserves for three deposits total 5.9 million tonnes of ore, grading 2.1 g/t gold and containing 400 kozs ounces of gold. The updated LOMP for the SGM involves mining and processing of ore from three open pit mining areas based on the Sissingué, Bélé East and Bélé West mineral deposits. Pit optimisation, design and scheduling used a gold price of US$1,200 per ounce and input parameters based on Perseus’s operating experience including costs from recently contracted supply contracts. Based on the LOM gold production and cost parameters, the net after tax cash flows forecast to be generated by the SGM from 1 March 2018, at US$1,200 per ounce gold price, are estimated to total US$104 million or approximately A$0.13 per share. | |
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