• Positive financial investment decisions for development of Nyanzaga Gold Project and CMA Underground Project
• Strong safety performance with 43% improvement in TRIFR and 47% improvement in LTIFR
• Directly distributed US$813m in economic value to host countries' economies

Perseus Mining Limited has presented its Annual Report for the year ended 30 June 2025 (FY25), highlighting the company's continued operational and financial performance. In FY25, Perseus produced 496,551 ounces of gold, which was at the 77th percentile of its production guidance. While this total is slightly down on previous years, the company has maintained an average production of approximately 509,000 ounces of gold per year over the past four years, with its three operating assets performing at or above expectations. The company's Yaouré mine continues to be a standout contributor, producing more than half of the annual gold total at a lower All-In Site Cost (AISC) than the more mature Sissingué and Edikan operations. Perseus also reported its strongest safety performance to date, with a 43% reduction in Total Recordable Injury Frequency Rate (TRIFR) and a 47% reduction in Lost Time Injury Frequency Rate (LTIFR).In addition to its three operating assets, Perseus continues to pursue growth through new projects and expansion of existing operations. The company has made positive Final Investment Decisions (FID) for the development of the Nyanzaga Gold Project in Tanzania and the CMA Underground Project at its Yaouré mine in Côte d'Ivoire. The Nyanzaga Gold Project is expected to produce first gold in Q1 2027, while the CMA Underground Project will be Perseus's first underground operation, a significant milestone for the company.Perseus's consistent and cost-effective performance is demonstrated by its average AISC of US$1,235 per ounce for FY25, which outperformed its AISC guidance. The company's profit after tax for FY25 was US$422 million, a 16% increase on FY24, and it achieved a notional cash flow of US$650 million. Perseus ended the period with available cash and bullion of US$827 million, plus liquid listed securities of US$118 million, and has no debt and an undrawn debt facility of US$300 million.The company's commitment to creating lasting value in host countries remains clear, with US$813 million in direct economic value distributed in its host countries, including US$545 million in local procurement and US$5.6 million in community contributions. National employees make up 94.3% of Perseus's workforce, reflecting its focus on in-country employment and capability building.In recognition of its strong performance, Perseus has declared a final dividend of 5.00 A$ cents per share, in addition to the interim dividend of 2.50 A$ cents per share paid in April. The company has also renewed its share buyback scheme of up to A$100 million for a further 12 months to August 2026.

In FY25, Perseus Mining produced 496,551 ounces of gold at an All-In Site Cost (AISC) of US$1,235 per ounce, outperforming its AISC guidance of US$1,250-US$1,280 per ounce.