Slide 1: 28 August 2024
28 AUGUST 2024 ASX/TSX: PRU | WWW.PERSEUSMINING.COM
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS COMPETENT PERSON STATEMENT: Canadian National Instrument NI43-101 disclosure All production targets referred to in this report are underpinned by estimated Ore Reserves which have been prepared by The information in this release relating to the Nyanzaga Gold Project is extracte
Slide 3: Operating & Financial Results
OPERATING & FINANCIAL RESULTS PERSEUS MINING LIMITED PERSEUSMINING.COM 3
Slide 4: Excellent Results for the 2024 Financial Year
EXCELLENT RESULTS FOR THE 2024 FINANCIAL YEAR GOLD PRODUCED ALL-IN SITE COST AVG GOLD SALE PRICE CASH MARGIN (3) NOTIONAL CASHFLOW(2) NET CASH & BULLION 509,977 oz(1) US$1,053/oz(1) US$2,014/oz US$961/oz US$490M US$587M (4) Down 4.7% (2) Up US$94/oz(2) Up US$211/oz(2) Up $117/oz(2) Up US$38M(2) Up U
Slide 5: Strong Performance Across Key Financial Metrics
STRONG PERFORMANCE ACROSS KEY FINANCIAL METRICS REVENUE PROFIT BEFORE TAX PROFIT AFTER TAX OPERATING CASH FLOW (2) NET TANGIBLE ASSETS FINAL DIVIDEND US$1,025.8M US$467.1M US$364.8M US$429.2M US$1,216.7M 3.75 cents/ps (A$) Up 7%(1) Up 22%(1) Up 14%(1) Up 1%(1) Up 9%(1) (1) Financial Year ended 30 Ju
Slide 6: Growth in Earnings
GROWTH IN EARNINGS (1) EARNINGS (US$M) Revenue EBITDA (2) Gross Profit from 625 US$1,025.8M US$625.2M Operations 553 Up 7% Up 13% US$483.5M 484 Up 19% 409 406 365 321 254 226 FY24 Profit Basic Earnings Earnings Per 203 After Tax Per Share (3) Ounce (4) 149 US$364.8M 23.62cps US$717.1 104 Up 14% Up 1
Slide 7: Growth in Cashflow
GROWTH IN CASHFLOW (1) CASHFLOW FROM OPERATIONS (2) (US$M) 500 Operating Cash Flow from Operations US$429.2M (2) 400 Up 1% 300 Operating Cash Flow Per Share 31.26cps (3) 200 Up 0% Operating Cash Flow Per Ounce 100 US$844 (4) Up 6% 0 FY21 FY22 FY23 FY24 (1) FY24 compared to FY23 (2) Net cash inflows
Slide 8: Growth in Gold Production at Attractive Margins
GROWTH IN GOLD PRODUCTION AT ATTRACTIVE MARGINS • Perseus group has: – Averaged 513,091 ounces of gold production at AISC of US$988/ounce for the last 3 financial years. – Achieved or exceeded production & AISC market guidance since H1 2020 (Start Covid). • AISCs reasonably stable in an inflationary
Slide 9: No Debt
GROWTH IN NET TANGIBLE ASSETS (1) NET CASH POSITION US$ MILLION Cash and bullion(2) 587 NO DEBT Total Interest-Bearing Liabilities - US$300m of undrawn capacity Net Cash Position 30 June 2024 587 NET TANGIBLE ASSETS PER TOTAL ASSETS3 NET TANGIBLE ASSETS3 SHARE3 US$2.0B US$1.2B US$0.89 (1) Net Tangib
Slide 10: Continue to Successfully Execute Our Business Plans
CONTINUE TO SUCCESSFULLY EXECUTE OUR BUSINESS PLANS Consistently deliver production & costs in line with market expectations PERSEUS MINING 10
Slide 11: Delivering on Both Production and Cost Guidance
DELIVERING ON BOTH PRODUCTION AND COST GUIDANCE JUNE 2024 HALF YEAR 2024 FINANCIAL YEAR PARAMETER UNITS Guidance Actual Guidance Actual Yaouré Gold Mine Production Ounces 100,000 to 113,000 116,478 235,000 to 247,000 250,857 All-in Site Cost USD per ounce 1,150 to 1,300 1,103 900 to 1000 943 Edikan
Slide 12: Production & Cost Market Guidance – December 2024 Half Year
PRODUCTION & COST MARKET GUIDANCE – DECEMBER 2024 HALF YEAR JUNE 2024 DECEMBER 2024 2024 CALENDAR PARAMETER UNITS HALF YEAR HALF YEAR YEAR (ACTUAL) (FORECAST) (FORECAST) Yaouré Gold Mine Production Ounces 116,478 108,000 to 124,000 224,478 to 240,478 All-in Site Cost USD per ounce 1,103 1,175 to 1,2
Slide 13: Capital Management Framework
CAPITAL MANAGEMENT FRAMEWORK Targets & Priorities FY 24 Delivery ➢ RELIABLE AND STRONG OPERATING CASH FLOW FY24 generated US$429M in Operating Cash Flow • Optimise Operating Cash flow Dividends paid to Government Shareholders US$11.6M • Ensure commitments to all stakeholders are fully funded. Income
Slide 14: Dividends Per Share Paid by PRU
Interim (cps) Total Final cps DIVIDENDS PER SHARE PAID BY PRU DISTRIBUTIONS TO SHAREHOLDERS (CPS) 5.0 cps CENTS PER SHARE • Perseus’s Dividend Policy aims to reward shareholders while maintaining 3.75 balanced capital structure and capacity to fund corporate growth. 2.48 • Considering Perseus’s FY24
Slide 15: Sustainability Performance
SUSTAINABILITY PERFORMANCE PERSEUS MINING LIMITED PERSEUSMINING.COM 15
Slide 16: Sustainability
SUSTAINABILITY SAFETY • Safety performance across the Group improved in FY24. Group 12-month rolling average Total Recordable Injury Frequency Rate (TRIFR) for FY24 was 1.06, below the target of 1.14, and 12% lower than 1.20 achieved in FY23. • Group 12-month rolling average Lost Time Injury Frequen
Slide 17: Organic Growth
ORGANIC GROWTH PERSEUS MINING LIMITED PERSEUSMINING.COM 17
Slide 18: CMA Underground Mine Development Project
CMA UNDERGROUND MINE DEVELOPMENT PROJECT Sound progress made towards FID on the CMA Underground Mine Development Project in October 2024. Critical Pre-FID Activities ➢ Recruitment of UG Mining Team Key Personnel • UG Manager – Commenced 2 July 2024. • Initial task to oversee operational readiness ac
Slide 19: CMA Underground Development Project
CMA UNDERGROUND DEVELOPMENT PROJECT Critical Pre-FID Activities ➢ UG Mining Tender (ITT) • Tenders received. • Detailed technical and commercial assessment underway. • Longer contract terms will be considered. ➢ Mine Services Area and Administration • Infrastructure design and layouts will be valida
Slide 20: High-Level Schedule
HIGH-LEVEL SCHEDULE PERSEUS MINING PERSEUSMINING.COM 20
Slide 21: Inorganic Growth
INORGANIC GROWTH PERSEUS MINING LIMITED PERSEUSMINING.COM 17
Slide 22: Inorganic Business Growth: Nyanzaga Gold Project - Tanzania
INORGANIC BUSINESS GROWTH NYANZAGA GOLD PROJECT - TANZANIA • Nyanzaga Gold Project, is a pre-development project located in northwest Tanzania with a reported Probable Ore Reserve of 40.08 Mt @ 2.02 g/t gold for 2.60 million ounces of gold1. • An 80% interest in the project was acquired by Perseus t
Slide 23: High Level Schedule
HIGH LEVEL SCHEDULE PERSEUS MINING PERSEUSMINING.COM 23
Slide 24: For information contact
For Thismore information presentation wasplease contact: authorised for release by the Board of Perseus Mining Limited ASX/TSX: PRU | WWW.PERSEUSMINING.COM