Slide 1: December 2025 Quarter Report Webinar
Perseds MINING DECEMBER 2025 QUARTER REPORT WEBINAR 29 JANUARY 2026 ASX/TSX: PRU
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS COMPETENT PERSON STATEMENT: All production targets referred to in this report are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code. The information in this report that relates to the Mineral
Slide 3: Overview of Operating & Financial Results
OVERVIEW OF OPERATING & FINANCIAL RESULTS PERSEUS MINING LIMITED PERSEUSMINING.COM 3
Slide 4: December 2025 Quarter Operating Performance
DECEMBER 2025 QUARTER OPERATING PERFORMANCE GOLD ALL-IN AVG GOLD CASH NOTIONAL NET CASH SAFETY PRODUCED SITE COST SALE PRICE MARGIN (2) CASHFLOW(2) & BULLION FATAL ACCIDENT 88,888 oz US$1,800/oz US$3,437/oz US$1,637/oz US$145M US$755M (3) January 2026 Down 11,065 oz (1) Up US$284/oz(1) Up US$362/oz(
Slide 5: December Half Year Performance
DECEMBER 25 HALF YEAR PERFORMANCE Perseus firmly on track AVG GOLD NOTIONAL to fund growth & GOLD ALL-IN PRODUCED SITE COST SALE PRICE CASHFLOW(1) continue capital returns 188,841 oz US$1,649/oz – US$3,241/oz US$301M – Dec 25 HY Dec 25 HY – Dec 25 HY – Dec 25 HY to shareholders (1) Notional Cashflow
Slide 6: Yaouré Gold Mine – December Quarter Performance
YAOURÉ GOLD MINE– DECEMBER 25 QUARTER PERFORMANCE • 32,045 oz produced, ~36% of Perseus’s total production, 42% lower than Sept-25 quarter. • Lower production due to lower head grade (1.18g/t vs 1.96g/t in Sept’25 quarter), lower mill-run time of (90% vs 94% in Sept’25 quarter) and gold recovery was
Slide 7: Edikan Gold Mine – December Quarter Performance
EDIKAN GOLD MINE – DECEMBER 25 QUARTER PERFORMANCE • 38,352 oz produced, ~ 43% of Perseus’s total production, 17% higher than Sept-25 quarter. Result based on runtime metrics (89%), head grade (0.77g/t, higher from 0.67g/t in the Sept-25 quarter), recovery (88%). • Production cost of US$1,097 per ou
Slide 8: Sissingué Gold Complex – December Quarter Performance
SISSINGUÉ GOLD COMPLEX- DECEMBER 25 QUARTER PERFORMANCE • 18,491 oz produced, ~ 21% of Perseus’s total production, 58% increase over Sept-25 quarter, based on sound runtime metrics (97%), grade (1.64g/t), and recovery (89.5%) • Production cost of US$1,545 per ounce (down 37% on the Sept-25 quarter),
Slide 9: FY 2026 Production and Cost Guidance
FY 2026 PRODUCTION AND COST GUIDANCE PARAMETER UNITS 2026 FINANCIAL YEAR (FORECAST) YAOURÉ GOLD MINE Group production guidance remains Production Ounces 168,000-184,000 unchanged All-in Site Cost USD per ounce $1,620-$1,790 Group AISC updated to reflect: • Increased gold price assumptions EDIKAN GOL
Slide 10: Financial Position
FINANCIAL POSITION PERSEUS MINING LIMITED PERSEUSMINING.COM 10
Slide 11: Cashflow and Balance Sheet
CASHFLOW AND BALANCE SHEET Cash ($683 million) and Zero debt, with US$229 million of Includes: Operating CF bullion ($72 million) at US$400 million investments in • Operating margin contributed by 31 December totaling undrawn credit line listed securities US$132 million Yaouré (49%), Edikan US$755 m
Slide 12: Hedge Position Update as at 31-Dec-2025
HEDGE POSITION UPDATE AS AT 31-DEC-2025 Hedge position as at 31 December’25 Perseus hedging programme focuses on HEDGES UNIT YEAR 1 1 YEAR 2 1 YEAR 31 TOTAL maintaining downside protection whilst retaining Fixed Forwards oz 55,000 15,000 0 70,000 Gold Price US$/oz $2,636 $2,592 $0 $2,626 as much ups
Slide 13: Reconciliation of All-in Site Cost to All-in Sustaining Cost
RECONCILIATION OF “ALL-IN SITE COST” TO “ALL-IN SUSTAINING COST” (US$/OUNCE) Note: Included in both the All-In-Site-Cost and All-In-Sustaining-Cost in Q2 FY26 is US$4.7 million of costs relating to excess waste stripping. When reporting cost of sales, in line with accepted practice under IFRS, this
Slide 14: Organic Growth
ORGANIC GROWTH PERSEUS MINING LIMITED PERSEUSMINING.COM 14
Slide 15: Nyanzaga Development Project – December Quarter Progress
NYANZAGA DEVELOPMENT PROJECT – DECEMBER 25 QUARTER PROGRESS Progress Project on track for first gold pour January 27. US$262 million committed (50% of approved budget) with US$161 million incurred to 31 December 2025. Concurrent work streams underway Implementation of the Resettlement Action Plan (R
Slide 16: CMA Underground Project – Yaouré Gold Mine
CMA UNDERGROUND PROJECT – YAOURÉ GOLD MINE • January 2026 - key milestone achieved with first ore mined from the Blika portal. • All highwall ground support installed and portals successfully fully established. • Total of 800m of development achieved across the four declines. • Surface infrastructur
Slide 17: Sustainability
SUSTAINABILITY PERSEUS MINING LIMITED PERSEUSMINING.COM 17
Slide 18: A Resilient and Reliable Partner
A RESILIENT AND RELIABLE PARTNER Generating material benefits for all our stakeholders, in fair and equitable proportions $269M 95% 0.83 0.00 LTIFR in economic of national TRIFR contribution employment (as of 31 Dec 2025) (as of 31 Dec 2025) $14.6M in Employee wages and 12.6% benefits $85.6M % OF in
Slide 19: For Information Contact
For Thismore information presentation wasplease contact: authorised for release by Perseus Managing Director and CEO, Craig Jones ASX/TSX: PRU | WWW.PERSEUSMINING.COM