Slide 1: 2007 AGM
www.perseusmining.com ASX: PRU 2007 AGM
Slide 2: Sep 06 - Sep 07
Sep 06 - Sep 07 Expenditure Exploration A$12.69M(92%), Admin A$1.06M (8%) Drilling 100,816m Resources 2.0Moz to 4.0Moz (+100%) A$6.3/oz discovery cost. Discoveries Sissingue eastern zone - target +1Moz AF-GAP - 0.4Moz, target 0.6Moz Shambesai - target +1Moz
Slide 3: Sep 07 - Sep 08
Sep 07 - Sep 08 Perseus Vision for Sep 07 - Sep 08 Drilling 160,000m (50% increase) Resources targets: Ghana 4.8Moz (+40%), incl. 2.3M Meas. Ind. Ivory coast 1.0Moz Reserve target 2.0Moz in Ghana with completion of Ayanfuri and Grumesa detailed feasibilities Production time tables Objectives to Apri
Slide 4: Corporate Activities
Corporate Activities Proposed Kyrgyz Assets Spin-off By the end of December 2007: • Decision on if and how to spin out • Structure of possible spin out including Perseus Shareholder entitlements, size of float, brokers etc Proposed TSX listing • Completion of NI 43-101 reports – January 2008 • Consi
Slide 5: Personnel
Personnel Progress in 2007 restrained by lack of key personnel Perseus team has been built up with recent recruitment drive Should insure growth into 2008 Staff Additions in 2007 Corporate Management 1 (starts in Feb 2008) Senior Exploration Staff 2 (1 starts in Dec 07) Senior Local Exploration Staf
Slide 6: West Africa Ghana
West Africa Ghana • 6 licences 2 mining leases 650sq km • Central Ashanti belt near 60Moz Obuasi mine • 2007 resources 3.4Moz – 832,000oz Indicated – 2,592,000oz Inferred • 2008 target resources 4.8Moz – 2,300,000oz Meas. & Ind. – 2,500,000oz Inferred
Slide 7: West Africa - Ghana Ayanfuri
West Africa - Ghana Ayanfuri Detailed Feasibility Awarded to - Mintrex (Holtfreters, Tom Kendall) Targeting May 2007 Pre-Feasibility Perseus aim to follow Equigold model of significant in country manufacturing and construction management Building a strong owners team with 3 people starting in Jan 20
Slide 8: West Africa - Ghana Ayanfuri
West Africa - Ghana Ayanfuri Abnabna - Fobinso Trend 8km long - under explored 2km strike drilled to avg. ~100m vertical 0.9Moz to date
Slide 9: West Africa - Ghana Ayanfuri
West Africa - Ghana Ayanfuri • Ayanfuri and adjoining licences - under explored • More than 20 targets waiting drilling • 2Moz discovered in last 12months • Recently doubled drilling capacity, 4 rigs now on site
Slide 10: West Africa - Ghana Grumesa (90%)
West Africa - Ghana Grumesa (90%) • 195,000oz Indicated 619,000oz Inferred resources • Low grade mineralisation, but suitable for low cost heap leach extraction • Deposit 4km long by 500m wide and only drilled to average depth of 40m • Rig currently on site doing infill resource drilling • Likely sa
Slide 11: West Africa – Ivory Coast Tengrela
West Africa – Ivory Coast Tengrela Sissingue: 1st of 9 anomalies to be drilled: • RAB drilling in 2006 discovered strong mineralisation over 4km tested to date of 7km anomaly • Early RC drilling highlights the potential of 800m by 250m Eastern Zone, including: 8m at 113.8g/t; 4m at 175g/t; 24m at 4.
Slide 12: West Africa – Ivory Coast Tengrela
West Africa – Ivory Coast Tengrela
Slide 13: West Africa – Ivory Coast Tengrela
West Africa – Ivory Coast Tengrela
Slide 14: West Africa – Ivory Coast Tengrela
West Africa – Ivory Coast Tengrela • Sissingue East similar size footprint to 6.4Moz Syama mine along strike to the north • Drilling to 200m commencing December 2007 • Targeting Resource from Sissingue east zone by April 2008, potential for 0.5Moz to 1Moz ounces to 150m depth • Overall Sissingue has
Slide 15: Central Asia Kyrgyz Republic
Central Asia Kyrgyz Republic Main Perseus prospects in the Kyrgyz Republic – •Tolubay 0.6Moz resource at Obdilla - numerous drill targets – “Carlin Style” •Isfairamsai - high grade gold in trenching incl. 31m at 30g/t, 57.7m at 7.3g/t Au “Carlin Style” •Savoyardy - Kentor spending US$6M to earn 70%
Slide 16: O Persea;
O Persea; 27711707 EMAC30> = PRU Daily = 1.50 1.25 1.00 0.75 0.50 a7 Feb Mar Apr May Jun Jul Aug Sep Oct Now Nillions
Slide 17: www.perseusmining.com
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