Slide 1: March 2024 Quarter Report Webinar
Perseds MINING MARCH 2024 QUARTER REPORT WEBINAR 24 APRIL 2024 ASX/TSX: PRU
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS COMPETENT PERSON STATEMENT: resource in accordance with the JORC Code and it is uncertain that following evaluation and/or further exploration work that the estimate will be able to be reported as a mineral resource or ore reserve in accordance with the JORC Code. This release
Slide 3: Overview of Operating & Financial Results
OVERVIEW OF OPERATING & FINANCIAL RESULTS PERSEUS MINING LIMITED PERSEUSMINING.COM 3
Slide 4: Perseus Continues Market Leading Performance in March 2024 Quarter
PERSEUS CONTINUES MARKET LEADING PERFORMANCE IN MARCH 2024 QUARTER GOLD PRODUCED ALL-IN SITE COST AVG GOLD SALE PRICE CASH MARGIN (2) NOTIONAL CASHFLOW(2) NET CASH & BULLION 127,471 oz US$1,091/oz US$2,025/oz US$934/oz US$119M US$702M (3) Down 1% (1) Up US$68/oz(1) Up US$62/oz(1) Down $6/oz(1) Down
Slide 5: Increasing Gold Production at Attractive Margins
INCREASING GOLD PRODUCTION AT ATTRACTIVE MARGINS • All 3 mines performing well, consistently achieving or exceeding production & AISC market guidance • Gold production and AISC performance consistent as gold price rises 7% in March Quarter • Steadily rising cash margin increases Perseus cash and bul
Slide 6: Yaouré
YAOURÉ • 61,283 ounces of gold produced, ~ 48% of Perseus’s total production, 1% higher than December 23 quarter. Result based on sound metrics of runtime (91.9%), head grade (2.17g/t), recovery (93.2%) • Production cost of US$874 per ounce and AISC of US$1,025 per oz up on prior quarter by $65/oz (
Slide 7: Edikan
EDIKAN • 49,096 ounces of gold produced, ~ 38% of Perseus’s total production, 2% less than December 23 quarter. Result based on sound metrics of runtime (91.1%), head grade (1.07g/t), recovery (92.2%) • Production cost of US$788 per ounce (up 2% on Dec-23 quarter) and AISC of US$982 per oz, 6% up on
Slide 8: Sissingué
SISSINGUÉ • 17,092 ounces of gold produced, ~ 14% of Perseus’s total production, 5% decrease over Dec 23 quarter, based on sound metrics of runtime (87%), grade (1.43g/t), recovery (90.2%) • Production cost of US$1,475 per ounce and AISC of US$1,628 per oz, , 9% up on December quarter. • Sales of 12
Slide 9: FY 2024 Guided Production and Cost Outlook Remains Unchanged
FY 2024 GUIDED PRODUCTION AND COST OUTLOOK REMAINS UNCHANGED PARAMETER UNITS DECEMBER 2023 JUNE 2024 HALF 2024 FINANCIAL HALF YEAR (ACTUAL) YEAR FORECAST YEAR FORECAST Yaouré Gold Mine Production Ounces 134,379 100,000 to 113,000 235,000 to 247,000 All-in Site Cost USD per ounce 805 $1,150 to $1,300
Slide 10: Financial Position
FINANCIAL POSITION PERSEUS MINING LIMITED PERSEUSMINING.COM 10
Slide 11: Cashflow and Balance Sheet
• Cash ($608 million) and bullion CASHFLOW AND BALANCE SHEET ($93 million) at 31 March totaling US$702 million • Zero debt, with US$300 million undrawn credit line • US$60 million net increase in cash and bullion • Includes: • Operating margin US$100M • Tax payments $19M • Dividend of US$11M • Opera
Slide 12: Sustainability Performance
SUSTAINABILITY PERFORMANCE PERSEUS MINING LIMITED PERSEUSMINING.COM 12
Slide 13: Sustainability
SUSTAINABILITY SAFETY • Safety performance across the Group remained stable. Group 12-month rolling average Total Recordable Injury Frequency Rate (TRIFR) increased slightly from 0.89 last quarter to 1.02 at the end of March 2024. There were 3 recordable injuries for the March quarter across the Gro
Slide 14: Organic Growth
ORGANIC GROWTH PERSEUS MINING LIMITED PERSEUSMINING.COM 14
Slide 15: Côte d'Ivoire – Yaouré and Fimbiasso Exploitation Permits
EXPLORATION & STUDIES COTE D’IVOIRE – Yaouré and Fimbiasso Exploitation Permits • A market update was released in February documenting details of exploration successes at our Yaouré and Sissingué/Fimbiasso operations (1). • Extensional and infill drilling and studies continued on the Yaouré, Zain 1,
Slide 16: Ghana – Edikan Mining Lease and adjoining Exploration Permits
EXPLORATION & STUDIES GHANA – Edikan Mining Lease and adjoining Exploration Permits • Exploration activities focused on generation and testing high priority targets primarily located within known mineralised structural corridors, many of which host mineralised intrusive bodies. • Much of the AC/RC a
Slide 17: Cooperation Agreement – KSA & North Africa
EXPLORATION & STUDIES COOPERATION AGREEMENT – KSA & NORTH AFRICA • In January 2024, entered into a binding Cooperation Agreement with Ajlan & Bros Mining & Metals Company (ABM), the mining division of a Kingdom of Saudi Arabia based investment conglomerate company, Ajlan Brothers. • Perseus and ABM
Slide 18: Project Development
PROJECT DEVELOPMENT MEYAS SANDS GOLD PROJECT - SUDAN • Key staff remain on site and are engaged re-establishing services and logistics support in preparation for Perseus to resume exploration activities. • Perseus also aims to recommence exploration and drilling activity in the Galat Sufur South (GS
Slide 19: Inorganic Growth
INORGANIC GROWTH PERSEUS MINING LIMITED PERSEUSMINING.COM 17
Slide 20: Inorganic Business Growth
INORGANIC BUSINESS GROWTH ACQUISITION OF NYANZAGA GOLD PROJECT - TANZANIA • On Monday 22 January 2024, announced intention to make an off-market cash takeover offer for all of the issued shares in OreCorp Limited whose key asset was an 86% contributing interest in the Nyanzaga Gold Project in northw
Slide 21: Capital Management
CAPITAL MANAGEMENT • Perseus is clearly generating significant quantities of free cash given elevated gold prices and relatively low AISC • We have a clearly articulated plan to improve the quality of our asset portfolio through a combination of organic growth and opportunistic M & A – this will req
Slide 22: For more information contact
For Thismore information presentation wasplease contact: authorised for release by Perseus Executive Chairman and CEO, Jeff Quartermaine ASX/TSX: PRU | WWW.PERSEUSMINING.COM