Slide 1: Review of March Quarter 2013
For personal use only ASX/TSX: PRU www.perseusmining.com Review of March Quarter 2013 Jeff Quartermaine – CEO 19 April 2013
Slide 2: Cautionary Statements
Cautionary Statements Forward-Looking Statements For personal use only This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected deve
Slide 3: Summary - Edikan Gold Mine Operations
Summary - Edikan Gold Mine Operations Quarterly production record of 57,179oz of gold at Edikan Gold Mine, For personal use only Ghana Increase of 12% from December 2012 Quarter (51,090oz) Remediation work on primary crusher shaft and core completed Average SAG mill throughput rate of 934dtp
Slide 4: Summary - Sissingué Gold Project, Cote D'Ivoire
Summary - Sissingué Gold Project, Cote D'Ivoire Perseus well positioned to start development of Sissingué Gold Mine, For personal use only when fiscal stability arrangements with Government are finalised Ivorian Ministry of Mines and Petroleum has drafted new Mining Code and amendments to legisl
Slide 5: Summary - Exploration and Corporate
Summary - Exploration and Corporate Exploration For personal use only 40,882m of drilling completed including 7,994m in Ghana and 32,938m in Côte d’Ivoire Significant drill intercepts from multiple prospects Corporate Available cash balance of $38.4M (excludes $9.1M in escrow) 16,237oz of bu
Slide 6: Operations - Edikan Gold Mine
Operations - Edikan Gold Mine Parameter Unit March December September For personal use only Quarter Quarter Quarter 2013 2012 2012 Total material mined bcm1 3,688,301 4,056,246 4,119,664 tonnes 7,509,354 8,547,094 8,858,557 Waste to ore strip ratio bcm:bcm 4.81 5.59 4.66 tonnes:tonnes 3.63 4.20 3.41
Slide 7: Mining - Edikan Gold Mine
Mining - Edikan Gold Mine 3,688,301bcm of ore and waste mined during the Quarter For personal use only Nearly 9% less than in the December Quarter, including 326,615t of oxide ore at 0.7g/t gold and 1,296,779t of transition and primary ore at 1.4g/t gold Ore stockpiles including both ROM high
Slide 8: Processing - Edikan Gold Mine
Processing - Edikan Gold Mine Total SAG mill throughput was 1,493,961 dmt, increase of 10% and 16% For personal use only on December and September 2012 Quarters respectively. Mar Description Unit Jan-13 Feb-13 Mar-13 Qtr Primary Crusher Tonnes Crushed wmt1 356,564 409,097 543,911 1,309,572 Availab
Slide 9: Site Operating Costs - Edikan Gold Mine
Site Operating Costs- Edikan Gold Mine For personal use only • Total site costs of $1,132/oz, including range of non-recurring costs e.g. repairs of primary crusher, back pay of salaries, back pay of electricity, back pay of medical and catering R&F. • Increases in underlying mining (US$3.57/t mined
Slide 10: Key Quarterly Financial Statistics - Edikan
Key Quarterly Financial Statistics - Edikan Parameter Units March December September Quarter Quarter Quarter For personal use only 2012 2012 2012 Gold produced oz 57,179 51,090 52,610 Total gold sales1 oz 53,618 48,080 50,785 Average sales price US$/oz of gold sold 1,494 1,581 1,463 Mining cost US$/
Slide 11: Project Development - Sissingué
Project Development - Sissingué - Amended Mining Code expected to be passed into law in June 2013 Quarter For personal use only with Mining Convention to follow - Project currently fully funded but development decision contingent on Mining Convention and re-confirmation of financing plan - Total det
Slide 12: Updated Mineral Resource - Sissingué
Updated Mineral Resource - Sissingué Measured and Indicated Mineral Resources For personal use only Weathering Measured Indicated Measured + Indicated Domain Tonnes Grade (g/t Contained Tonnes Grade (g/t Contained Tonnes Grade Contained Au1) Gold (oz) Au) Gold (oz) (g/t Au) Gold (oz) Oxides 925,000
Slide 13: Updated Mineral Resource - Sissingué
Updated Mineral Resource - Sissingué • Mineral Resource estimate prepared by consultant, Widenbar and Associates. For personal use only Previous estimate by Runge Limited. • Different assumptions used for updated Mineral Resource estimate - Significant increase in sample composites - More conservati
Slide 14: Exploration - Ghana
Exploration - Ghana - US$2.1M spent on exploration in Ghana during March Quarter For personal use only - 6,796m drilling at EGM and adjoining licences March Quarter (10,792m December Quarter) - Significant intercepts from Pokukrom prospect on Nsuaem Prospecting Licence included: - 10m at 2.1g/t Au f
Slide 15: Exploration - Côte d'Ivoire
Exploration - Côte d’Ivoire - US$0.4M spent on exploration at Tengrela, Mbengue and Napié licence areas in For personal use only Côte d’Ivoire during March Quarter - Tengrela – Sissingue: - 32,938m of drilling during the Quarter (24,564m December Quarter), with 2,650m RC and 272.5m DD drilled on the
Slide 16: Corporate – Cash Position
Corporate – Cash Position - Available cash at 31 March 2013 was $38.4M plus bullion holdings on site and For personal use only at refinery totalled 16,237oz valued at a further $25.1M – slight increase over previous Quarter. Available Cash Balance - 31 December 2012 Vs 31 March 2013 20 60 55 50 (5)
Slide 17: Corporate
Corporate For personal use only - A further $9.1M cash on deposit for environmental commitments - Undrawn line of credit with a limit of US$100M with term to December 2015 - Associated hedge commitment reduced to 193,000oz at average of US$1,389/oz including 70,000oz for delivery in 2015 at US$1,600
Slide 18: Outlook for June 2013 Quarter - Edikan
Outlook for June 2013 Quarter - Edikan Produce between 48-68,000oz of gold at total site cost of US$1,000/oz For personal use only to achieve Half Year guidance (105-125,000oz at US$1,100/oz) Fine tune plant metallurgical performance and maximise SAG mill throughput Continue expansion of plant
Slide 19: Outlook for June 2013 Quarter - Sissingué
Outlook for June 2013 Quarter - Sissingué For personal use only Negotiate terms of a Mining Convention Commit to full scale development Update mine plan based on updated Mineral Resource estimate Continue exploration for additional Mineral Resources 19
Slide 20: For personal use only
For personal use only ASX/TSX: PRU www.perseusmining.com Jeff Quartermaine Nathan Ryan CEO Investor Relations +61 8 6144 1700 +61 420 582 887 Rebecca Greco Investor Relations +1 416 822 6483 20