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Perseus Mining Ltd.
Summary
| Project: | Yaoure | |
|---|---|---|
| Deposit: | Yaoure | |
| Location: | Côte D'Ivoire | |
| Commodities: | Gold | |
| Date: | 10/10/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Optimisation Study | |
| Project Stage: | Mine Development | |
| Report details: | 10-10-2018: Perseus Mining Ltd. announces a Optimisation Study report for its Yaoure deposit at the Yaoure project. Value engineering assessment for Yaoure gold project. PERTH, Western Australia, Oct. 10, 2018 -- Perseus Mining Limited (“Perseus” or the “ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Not stated (n/a) | |
| ABSTRACT: | PERTH, Western Australia, Oct. 10, 2018 -- Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) is pleased to announce that a value engineering assessment (“VEA”) and the front-end engineering and design (“FEED”) study for the Yaouré Gold Project in Côte d’Ivoire, has been completed. The studies confirm the cost estimates in Yaouré’s October 2017 definitive feasibility study (“DFS”) that demonstrated the quality and strength of Yaouré, Perseus’s planned third mine. Independent consultant Lycopodium Minerals Pty Ltd started the VEA and FEED Study in June 2018 and completed on time and on budget on October 6, 2018. Lycopodium is well qualified to undertake the studies having played a critical role in the successful engineering, procurement and construction of several high-profile West African gold mines in the last three years, including Perseus’s Sissingué Gold Mine that was successfully developed and commissioned in early 2018. The scope of the VEA included the evaluation of opportunities to improve plant design and optimise the estimated capital expenditure. The FEED study focussed on progressing the design of the processing plant and infrastructure to enable a detailed capital cost estimate to be prepared to a level of accuracy of +/- 10%. Based on the FEED study, the total capital cost estimate for the development of Yaouré is US$264m (including a contingency allowance of approximately 8%) which is within 0.5% of the DFS estimate. The FEED capital cost estimate breakdown is as shown in Table 1 below. | |
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