Slide 1: African Gold Producer, Developer and Explorer
AFRICAN GOLD PRODUCER, DEVELOPER AND EXPLORER 31 AUGUST 2022 ASX/TSX: PRU | WWW.PERSEUSMINING.COM
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS CAUTION REGARDING FORWARD LOOKING INFORMATION: Sissingué, Fimbiasso and Bagoé This presentation contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management The information in this report that relates to Mineral Resource
Slide 3: About Perseus
ABOUT PERSEUS PERSEUS MINING PERSEUSMINING.COM 3
Slide 4: An African Focused, Mid-Tier Australian Gold Company
AN AFRICAN FOCUSED, MID-TIER AUSTRALIAN GOLD COMPANY African focused multi-mine gold producer, developer & explorer, active in multiple jurisdictions Consistent & profitable gold producer producing at rate of ~500,000oz pa at ~US$950 per ounce Balance sheet capacity and strong earnings & cash flows
Slide 5: That Delivers on Its Promises
THAT DELIVERS ON ITS PROMISES…… Sissingué (86%)1 - Côte d’Ivoire Block 14 (70%)2 - Sudan M&I Mineral Resource: 355koz Indicated Mineral Resource: 3.34Moz Ore Reserve: 271koz Ore Reserve: 2.85Moz Life of Mine: 4 years Life of Mine 14 + years West Africa Yaouré (90%)1 - Côte d’Ivoire M&I Open Pit Mine
Slide 6: FY22 - Gold Production & AISC at Top End of Guidance
FY22 - GOLD PRODUCTION & AISC AT TOP END OF GUIDANCE Gold Production AISC Gold Price Producing at rate Positioned for 494,014 oz US$952/oz US$1,683/oz of 500,000 oz/yr future growth Notes: 1. Twelve months ending 30 June 2022; 2. FY2022 Production Guidance: 471,164 to 506,164 ounces; 3. FY2022 Cost
Slide 7: FY22 – Strong Financial Performance
FY22 – STRONG FINANCIAL PERFORMANCE (2) REVENUE PROFIT AFTER TAX OPERATING CASH FLOW NET CASH & BULLION SUSTAINABLE DIVIDEND POLICY A$1,126M A$280M A$523M A$476M Total 2.45 cps Up 66%(1) Up 101%(1) Up 73%(1) Up $268M Including bonus 1.5% yield Notes: 1. FY2022 compared to HY1 FY2021; 2. Net cash inf
Slide 8: Sudan & Block 14 Project
SUDAN & BLOCK 14 PROJECT PERSEUS MINING PERSEUSMINING.COM 8
Slide 9: Sudan – A Land of Opportunity
SUDAN – A LAND OF OPPORTUNITY An Investor’s Perspective • Sudan is a highly prospective, underexplored and attractive mineral province • One of Africa’s largest producers of gold • The country has an emerging economy and is transitioning to a democratic form of government • New investment laws desig
Slide 10: Perseus's Block 14 Development Project
PERSEUS’S BLOCK 14 DEVELOPMENT PROJECT Sukhaybarat Sukari Bulghah Al Amar Mahd Ad’Dahab Masarrah Mansourah Miskah Block 14 ArRjum Ad Duwayhi Project Managem Tahe Hassai N VMS 400 Kilometres Zara Bisha VMS * The resource and reserve estimates mentioned above are prepared in accordance with Canadian N
Slide 11: Block 14 – A Near 'Development Ready' Gold Project
BLOCK 14 – A NEAR ‘DEVELOPMENT READY’ GOLD PROJECT • Project fully permitted including Mining Lease, Royalty Agreement & Water Permit • Favourable fiscal terms negotiated with the Sudanese government and incorporated into the terms of the Mining Lease • Original Feasibility Study of Block 14 Project
Slide 12: Creating Value for Our Stakeholders
CREATING VALUE FOR OUR STAKEHOLDERS PERSEUS MINING PERSEUSMINING.COM 12
Slide 13: Establishing Commercial Gold Mining in Sudan
ESTABLISHING COMMERCIAL GOLD MINING IN SUDAN Perseus will construct and operate a world-class commercial gold mine including a fully self-sufficient mine, processing plant, power station, accommodation, fuel depot, workshops & administration building in the remote Sahara Desert location. BLOCK 14 PE
Slide 14: Creating Long-Term Sustainable Value, The Perseus Way
CREATING LONG-TERM SUSTAINABLE VALUE, THE PERSEUS WAY JOBS & TRAINING LOCAL PROCUREMENT 450 400 350 96% 300 Local / National 250 Employment US$ Millions 200 150 4% 100 Expatriates 50 0 CY2018 CY2019 CY2020 FY2021 FY2022 Local purchases made in Ghana Local purchases made in Côte d'Ivoire PERSEUS MINI
Slide 15: Delivering Benefits to Our Host Country of Sudan
DELIVERING BENEFITS TO OUR HOST COUNTRY OF SUDAN • Total Foreign Investment ~ $450 Million • Significant local procurement and local employment for both skilled and unskilled workers • Foreign currency earnings in the form of: • Royalties to the Sudanese Government at 7% NSR • Dividends to our share
Slide 16: Creating Value for Perseus and Our Shareholders
CREATING VALUE FOR PERSEUS AND OUR SHAREHOLDERS • Block 14 Project adds an important fourth ‘string to the Perseus’s bow’, in a value accretive manner • Improves Perseus’s risk profile through further technical and geo-political diversity of our asset portfolio • Upgrades the quality of Perseus’s as
Slide 17: In Closing
IN CLOSING • Sudan has been largely overlooked by Western mining companies as a place to invest, however this is slowly changing • Sudan is located at the crossroads of the African and Arab worlds and with this comes challenges, but the potential rewards far outweigh the risks • In the context of Pe
Slide 18: For more information please contact
The Managing Director & CEO, Jeff Quartermaine, authorized the release of this presentation. For more information please contact: Jeff Quartermaine Managing Director & CEO jeff.quartermaine@perseusmining.com +61 411 725 521 ASX/TSX: PRU | WWW.PERSEUSMINING.COM