Perseus Mining updates mineral resources and ore reserves
Key points
- Perseus's Measured and Indicated Mineral Resources now total 7.8 Moz gold
- Proved and Probable Ore Reserves total 5.0 Moz gold
- Includes Foreign/Historical Estimate for Meyas Sand Gold Project of 3.3 Moz Au Indicated and 2.9 Moz Au Probable
Full summary
Perseus Mining Limited (ASX/TSX: PRU) has updated estimates of its Mineral Resources and Ore Reserves as of 30 June 2025. The Perseus Group's Measured and Indicated (M&I) Mineral Resources now total 7.8 Moz gold while Proved and Probable Ore Reserves total 5.0 Moz gold. The update includes a Foreign/Historical Estimate for the Meyas Sand Gold Project (MSGP, formerly Block 14) with Indicated Mineral Resources of 3.3 Moz Au and a Probable Mineral Reserve of 2.9 Moz gold. The sources of change underlying the 2.1 Moz gold increase in Perseus's estimate of Ore Reserves against those reported at 30 June 2024 are presented. As part of its annual planning cycle, the Company has reassessed the growth opportunities available within its portfolio with the approach of optimising the portfolio rather than focussing on fixed investment targets for each asset.
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