• Receives Presidential Decree authorizing development and operation of CMA underground project at Yaoure Gold Mine
• Approvals allow immediate commencement of decline development and underground mining operations
• Underground mine to extend Yaoure's mine life until at least 2035

Perseus Mining Limited has announced that it has received a Presidential Decree authorizing the development and operation of the CMA underground project at its Yaoure Gold Mine in Côte d'Ivoire. The decree was issued following the approval of an Environmental and Social Impact Assessment and the issuance of a Ministerial Arrêté by the Minister of Environment, Sustainable Development and Ecological Transition. These approvals, supported by the Minister of Mines, Petroleum and Energy, were critical prerequisites for the commencement of the development phase of the CMA underground project. Infrastructure projects associated with the CMA underground mine development have been completed, and development of the declines will now commence following the commissioning of the underground mining equipment by Perseus's specialist underground mining contractor, Byrnecut. The establishment of the underground operation below the CMA Open Pit will extend the mine life of Yaoure until at least 2035 based on currently delineated Mineral Resource and Ore Reserves. The next major milestone for the CMA underground operation will be first ore production, which is planned for January 2026, with commercial production scheduled to be reached in March 2027.

The US$170M to be invested by Perseus in the CMA underground mine marks a new phase in its partnership with the Government of Côte d'Ivoire in expanding the country's thriving mining industry.