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Perseus Mining Ltd.
Summary
| Project: | Yaoure | |
|---|---|---|
| Deposit: | Yaoure | |
| Location: | Côte D'Ivoire | |
| Commodities: | Gold | |
| Date: | 11/3/2017 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 3-11-2017: Perseus Mining Ltd. announces a Feasibility Study report for its Yaoure deposit at the Yaoure project. Feasibility study returns NPV (5%) $259M, IRR 27% after-tax. Perseus Mining (ASX/TSX: PRU) has completed the Definitive Feasibility Study (DF | |
| Resources: | (Reserve, Prob.): 26.8Mt @ 1.76g/t Au for 1.52Moz Au contained at Yaoure | |
| CP/QP: | [Overall Report]: Paul W. Thompson (Internal) | |
| ABSTRACT: | Perseus Mining (ASX/TSX: PRU) has completed the Definitive Feasibility Study (DFS) for its Yaouré Gold Project in Côte d’Ivoire, West Africa, which has confirmed the high quality of the project, demonstrating that: The Yaouré Gold Project is located in a rural area on the southern edge of Lake Kossou, 35 km northwest of the capital Yamoussoukro and 25 km east-north-east of the city of Bouaflé in central Côte d’Ivoire, West Africa. The Kossou hydroelectric power station is 6 km east of the Project. The villages of Angovia and Allahou-Bazi are adjacent to the mine site. The Project is comprised of two adjacent open pits (CMA and Yaouré). Ore will also be sourced from three pre-existing heap leach pads close to the ROM pad. Ore will be transported to the adjacent processing plant and waste will be taken to a single, large waste dump between the pits and the adjacent villages. Tailings from the process plant will be stored in a single facility to the south of the process plant. A camp will be constructed for the non-local workforce, with the majority of the workforce expected to come from the five local communities. Mining cost estimates are based on a competitive Request for Quotation involving five mining contractors currently operating in West Africa. | |
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