Perseus Mining Limited · ASX:PRU
Perseus Mining — Shareholder Meeting (November 2005)
17 slides from Perseus Mining's shareholder meeting presentation, Nov 29, 2005
Slide 1: Advancing Projects in Major Gold Provinces
ASX: PRU | www.perseusmining.com T= SIMITED ) Advancing Projects in Major Gold Provinces Mark Calderwood, Managing Director November 2005
Slide 2: Overview
€ 5 Overview Perseus Mining listed on the ASX in late 2004 to explore for and develop large gold deposits within regions that host numerous “World Class” gold deposits. Perseus has built a strong portfolio of exploration projects in West Africa and the Kyrgyz Republic which have been selected using
Slide 3: West Africa and Kyrgyz Republic project locations
MINING MITED ) West Africa is amongst the most prolific regions in the world for recent gold discoveries. Ivory Coast Ghana * Politics improving. ».- An African success * Newmont, Randgold, story. Golden Star, Equigold, «.- Anglogold-Ashanti, Etruscan, Cloff. Newmont, Golden “Star, Red Back, Adamus.
Slide 4: Capital & Finances
Listed Sep 2004 Capital & Finances Ord. Shares : 72.02M Options : 29:03M Tradeable shares (PRU) - 38.58M Tradeable options (PRUO) 19.29M Top 20 80.0% *..CIG/Directors 32.2% *- RAB Capital 15.9% «Macquarie Bank. 4.8% Cash at hand Oct 05 A$3.0M Market Cap. 28 Nov.05..°-A$20.0M CIG = Caspian Oil & Gas
Slide 5: Key Projects
€ Key Projects Tengrela — Ivory Coast (80%) One of the best group of untested soil anomalies in West Africa. Tolubay — Kyrgyz Republic (100%) Significant insitu mineralisation discovered in “Carlin Style” setting. Savoyardy — Kyrgyz Republic (100%) Significant Soviet resource and recent discoveries.
Slide 6: Progress
Taken Obdilla prospect from soil anomaly to insitu discovery to resource drilling i in 5 months; First resource at Obdilla expected — well before anniversary of discovery; Drilling started at Tengrela in Ivory Coast and; Maquarie Bank Limited has taken an initial 4.8% stake Progress
Slide 7: The Perseus Team
€ The Perseus Team * Quality management and board — Extensive ‘in country’ experience in West Africa and the Kyrgyz Republic; — Strong geological credentials — with discovery history; and — Extensive corporate and ASX experience.
Slide 8: Board of Directors
€ | Board of Directors Reg Gillard (Chairman) Public company director for 17-years, current mineral industry directorships include Caspian Oil & Gas, Pioneer Nickel, Aspen Group and producer Lafayette. Mark Calderwood (Managing Director) 10 years West African exploration management, 3 years Kyrgyz e
Slide 9: Tengrela project location
Located on the border of Ivory Coast and Mali in an area known for: * Large gold deposits including one of the top mines in the world — Morila; * Few large coherent anomalies, but a high conversion rate of these to gold deposits; ¢ Being an under explored region. The Tengrela project covers 65km str
Slide 10: Tengrela (80%)
€ 7 = Tengrela (80%) Drilling commenced late Nov 2005 = tet ts >20,000m allocated to 8 prospects: + First drill results expected in early January; * Continuous reconnaissance drilling planned; » Second drill rig wil be used to follow up any significant intercepts. One of the strongest undrilled targ
Slide 11: Tolubay (100%)
Tolubay (100%) Carlin style deposit in Tien Shan, large tonnage potential. Obdilla prospect 2000m long 50-200m wide, trenches 70m# @ 2.0g/t, 52m* @ 2.6g/t, 78m# @ 1.7g/t and 68m# @ 1.7g/t Au. Drilling has commenced 1‘ hole on main zone - 72.5m* @ 2.4g/t, second rig due t to start, 40 holes planned.
Slide 12: Obdilla Prospect - Tolubay Gold Project
Obditia Prospect - Tolubay Goid Project ~ Tolubay (100%) ‘ett zone of ing monerolietion Serpe acetone! (2 eiihecisston 77 Completed dit sccess Progosed cl pads identities 2ere of init mioarauation Garripeted dat acces Proposes cit pads ee 4280 mRL ZDDHOO8 | 3447600 mN Obultte Prospect kw Tolubay os
Slide 13: Savoyardy (100%)
Also located in exceptionally rich Tien Shan gold belt. High grades from recent adit sampling: > 7m @ 12.9g/t; » 2m @38.9g/t, 2m @ 37.3g/t. Plans to drill high grade zones to confirm part of high grade Soviet resource. Soil sampling defined a 3.5km long 0.5km wide target zone east of high grade lode
Slide 14: Grumesa (90%)
~ Grumesa (90%) 450,0000z resource, currently targeting 50,000o0z for toll treatment, 35km away, at Obuasi with Anglogold-Ashanti. Reserve drilling partially completed. Kayeya Gold Prospect registered with EPA, environmental base line completed, terms of reference for EIS submitted. CIL Metallurgica
Slide 15: Kwatechi (76%)
-Kwatechi (76%) Promising regional geological setting. Kobo Zone 10,000m long 700m wide, recent trench intercepts include: > 10m @ 14.3¢/t; * &m @ 10.9g/t; and * 4m @75g/t Au. Previous drilling open intercepts of: + 12m @ 2.2¢/; * 10m @ 2.3g/t; * 8m @ 2.3¢/t; and + 12m @ 1.7¢/t Au. Atua zone 3,000m
Slide 16: Objectives to March
Objectives to Mar 06 Tengrela — results from +20,000m drill program will flow in ona regular basis. Tolubay — ongoing drilling results and ramp up of drilling program to 3 rigs. : Grumesa — completion of feasibility and EIS Savoyardy, Talas, Maly Naryn — detailed planning for 2006 season.
Slide 17: Ashanti and Syama gold belts comparison
Interesting comparison ~ between. geologically similar iene Ashanti and ~~ Syama gold belts. note: . exploration in Ashanti belt started ~100 years prior to . Syama belt Thank You MINING LIMITED i 4 | 2. SVAMA GOLD BELT | ory coast. Mau i i £7 atiasas frimsives woke, = EE rules aisorsokemies: by Mio