Perseus Updates Mineral Resources and Ore Reserve Estimate

Key points

• Measured and Indicated (M&I) Mineral Resources increased by 37% to 10.6 Moz gold
• Proved and Probable Ore Reserves increased by 40% to 7.0 Moz gold
• Nyanzaga Ore Reserves increased by 75% since June 2025

Full summary

Perseus Mining Limited has updated its Mineral Resources and Ore Reserve estimates as of 30 June 2026. The company's Measured and Indicated (M&I) Mineral Resources have increased by 37% to 10.6 million ounces (Moz) of gold, up from 7.8 Moz in 2025. The Proved and Probable Ore Reserves have also increased by 40% to 7.0 Moz of gold, up from 5.0 Moz in 2025. Key contributors to this increase include the Nyanzaga project, which saw a 75% increase in Ore Reserves, and the Edikan project, which saw a 54% increase in M&I Mineral Resources. The company attributes these increases to its ongoing exploration and technical work.

Guidance

Proved and Probable Ore Reserves increased by 40% to 7.0 Moz gold

Outlook

Perseus Mining expects to continue growing its Mineral Resources and Ore Reserves through ongoing exploration and organic drilling activities.