Perseus Mining Limited · ASX:PRU
Perseus Mining — Investor Presentation (June 2006)
22 slides from Perseus Mining's investor presentation, June 2006
Slide 1: Advancing Projects in Major Gold Provinces
ASX: PRU www.perseusmining.com Advancing Projects in Major Gold Provinces June 2006
Slide 2: Overview
Overview Perseus Mining listed on the ASX in late 2004 to explore for and develop large gold deposits within regions that host numerous “World Class” gold deposits. Perseus has built a strong portfolio of exploration projects in West Africa and the Kyrgyz Republic. Exploration progress has reached t
Slide 3: Project Locations
Project Locations West Africa - amongst the most The Kyrgyz Republic - the prolific regions for gold discoveries rich Tien Shan gold belt in last 15 years Ivory Coast Ghana • Politics improving. • An African success • Good infrastructure, mining story. history. • Newmont, Randgold, Golden Star, Equi
Slide 4: Listed Sep 2004 - Capital & Finances
Listed Sep 2004 Capital & Finances Ord. Shares 31 May 2006 88.88M Options 30.05M Tradeable shares (PRU) 55.45M Tradeable options (PRUO) 19.29M Top 20 69.79% • CIG/Directors 29.5% • Macquarie Bank 10.4% Cash at hand 1 June A$6.3M Monaro Shares & Options A$1.3M Market Cap. 10 March 2006 A$42M CIG = Ca
Slide 5: Key Projects
Key Projects Tengrela - Ivory Coast (80%) Strong results from first pass drilling, two rigs allocated for second half of 2006 Grumesa - Ayanfuri - Ghana (90%) Feasibility underway, exploration being undertaken to expand 1M oz resource base Tolubay - Kyrgyz Republic (100%) Obdilla, a “Carlin Style” d
Slide 6: Highlights 2005-06
Highlights 2005-06 • Jun 2005 - Obdilla discovery. • Nov 2005 - Start drilling Obdilla. • Nov 2005 - Start drilling Tengrela. • Jan 2006 - Sissingue discovery. • Feb 2006 - Kanakono discovery. • Apr 2006 – Southern Krygyz land holding increased to 4,846 sq km. • May 2006 - Ayanfuri project option.
Slide 7: The Perseus Team
The Perseus Team • Management and board – Extensive ‘in country’ experience in West Africa (10yrs) and the Kyrgyz Republic (3yrs); – Strong geological credentials – with discovery history (Tarmoola, Moto etc); and – Extensive corporate and ASX experience.
Slide 8: Board of Directors
Board of Directors Reg Gillard (Chairman) Public company director for 20 years, current directorships include Caspian Oil & Gas, Pioneer Nickel, Aspen Group, Lafayette Mining, Tiger Resources, Eneabba Gas. Mark Calderwood (Managing Director) 10 years West African exploration management, 3 years Kyrg
Slide 9: Tengrela - Ivory Coast
Tengrela - Ivory Coast (80%) Located on the border of Ivory Coast and Mali in an area known for: • Large gold deposits, including one of the top mines in the world - Morila (Anglogold Ashanti, Randgold); • A high conversion rate of strong anomalies to gold deposits and gold deposits to mines; • Very
Slide 10: Tengrela - Ivory Coast
Tengrela - Ivory Coast (80%) Drilling commenced late Nov 2005 >20,000m allocated to 8 prospects: • 9,333m completed on 2 prospects totaling 11km strike -10 drill traverses to date; • Results include 33m* at 11.1g/t, 25m* at 3.2g/t, 4m at 42.6g/t, 31m* at 1.4g/t Au from wide spaced drilling • Continu
Slide 11: Syama – Ashanti Belts
Syama – Ashanti Belts Syama Gold Belt, geologically very similar to the, 100M oz, Ashanti Gold Belt, though less explored Perseus has access to the lions share of the Syama gold belt and a significant slice of the Ashanti belt
Slide 12: Central Ashanti - Ghana
Central Ashanti - Ghana. (up to 90%) • Three projects, located in Ashanti Belt 25-65km from Anglogold Ashanti 60Moz Obuasi deposit. • Current JORC resources 268,000oz Indicated 726,000oz Inferred. • Total tenement area of 650 sq km, 70% unexplored. Several non JORC deposits and other prospects await
Slide 13: Ayanfuri - Ghana
Ayanfuri - Ghana. (option for 90%) • 306,000oz produced from shallow oxide pits 1994-2001 and heap leach, closed when gold price was $270 per oz. • Current resources 268,000oz Indicated 276,000oz Inferred; plus Non JORC classified. • Substantial exploration upside.
Slide 14: Ayanfuri - Ghana
Ayanfuri - Ghana. (option for 90%) • Existing mining leases, feasibility underway to re-open with CIL . • Good Infrastructure - power, water, haul roads, waste dumps, office, near sealed highway. • Non refractory granite lodes. • Feasibility 2Mtpa at 1.7g/t for 100,000ozpa. • Low waste to ore ratio.
Slide 15: Grumesa – Ghana (90%)
Grumesa – Ghana (90%) • 450,000oz resource, currently considering 2.0Mt - 50,000ozpa heap leach operation. • Reserve drilling partially completed. Potential for large resource upgrade • Kayeya Gold Prospect registered with EPA, draft environmental impact statement near completion. • Heap leach metal
Slide 16: Tolubay - Kyrgyz Rep.
Tolubay - Kyrgyz Rep. (100%) • Carlin style deposit in Tien Shan, large tonnage potential. • Obdilla prospect 2,000m long 50-200m wide Drill hits include; 71.7m at 3.3g/t, 70.0m at 3.0g/t, 100.3m at 1.9g/t, 72.5m at 2.4g/t, 135.6m at 1.6g/t, 46m at 3.6g/t Au, etc. • Three rigs now working, 28 drill
Slide 17: Tolubay - Kyrgyz Rep.
Tolubay - Kyrgyz Rep. (100%) • New 2km long zone (Chip-Tash Tegerman) identified on strike of Obdilla. • Tolubay trend 3km long, 32m# at 3.7g/t, 20m at 1.9g/t and 21m at 1.8g/t Au. • Sart-Istagan 2.3km long, 49m# at 0.8g/t Au. # Started and ended in mineralisation
Slide 18: Tolubay - Kyrgyz Rep.
Tolubay - Kyrgyz Rep. • Perseus’s Obdilla discovery a confirmed Carlin style deposit. • Carlin deposits typically occur in clusters. • 4,846 sq km of prospective major thrust belt now held by Perseus in search for similar deposits . • Research and regional exploration commenced, encouraging early re
Slide 19: Savoyardy - Kyrgyz Rep.
Savoyardy - Kyrgyz Rep. (100%) • Also located in exceptionally rich Tien Shan gold belt. • High grades from recent adit sampling: • 7m @ 12.9g/t; • 2m @ 38.9g/t, 2m @ 37.3g/t. • Plans to drill high grade zones to confirm part of high grade Soviet resource. • Soil sampling defined a 3.5km long 0.5km
Slide 20: Objectives to Dec 2006
Objectives to Dec 2006 • Drilling - RAB - 40,000m RC - 40,000m DDH- 10,000m • Spend - (Exploration-Feasibility) July-Dec - A$5M • JORC Resources (Current - Proposed) Current 268,000oz indicated 726,000 inferred (AMC* = US$30 per oz) Jun Qtr - Initial resources from Obdilla Sept Qtr - Resource Upgrad
Slide 21: Vision
Vision By September 2006 Perseus aims to define significant resources on one or more of its five most advanced gold projects, with the further objective that, by December 2006, at least two projects are sufficiently advanced to proceed to feasibility assessment. The longer term goal is to generate c
Slide 22: Thank You
Perseac Thank You MINING LIMITED? - Mineralisation Zone © Drill Pad Fay srkcatitd