Slide 1: Africa Down Under Presentation
Jeff Quartermaine, Managing Director and CEO 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: Perseus Mining Limited
PERSEUS MINING LIMITED PERSEUSMINING.COM 17
Slide 4: A Successful, African Focused, Gold Company
PERSEUS MINING LIMITED A SUCCESSFUL, ✓ African focused, multi-mine gold AFRICAN producer, developer & explorer, active in multiple jurisdictions on the continent FOCUSED, GOLD ✓ Consistent & profitable gold producer COMPANY producing at rate of >500,000oz pa at ~US$1,000 per ounce ✓ Balance Sheet ca
Slide 5: Perseus Mining Limited
PERSEUS MINING LIMITED PERSEUSMINING.COM 5
Slide 6: Three Producing Gold Mines
THREE PRODUCING GOLD MINES Sissingué (86%) - Côte d’Ivoire As a multi-mine, M&I Mineral Resource: 441koz multi-jurisdictional Ore Reserve: 254koz operator, Perseus can Life of Mine: ~3.0 years manage risk through portfolio diversity. Yaouré (90%) - Côte d’Ivoire M&I Mineral Resource: 2.71Moz Ore Res
Slide 7: 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 8: Perseus Mining Limited
PERSEUS MINING LIMITED PERSEUSMINING.COM 8
Slide 9: Yaouré Underground Mine Development Project
YAOURE UNDERGROUND MINE DEVELOPMENT PROJECT First industrial scale CMA Underground Project (Yaouré) (90%) - underground gold Côte d’Ivoire mine in Cote d’Ivoire. M&I Mineral Resource: 2.71Moz Ore Reserve: 1.73Moz 12+ Life of Mine: years PERSEUS MINING PERSEUSMINING.COM 99
Slide 10: High-Level Schedule
HIGH-LEVEL SCHEDULE PERSEUS MINING PERSEUSMINING.COM 10
Slide 11: Nyanzaga Gold Project – Tanzania
NYANZAGA GOLD PROJECT – TANZANIA Growth potential in a geologically blessed jurisdiction with a long history of successful mining ventures Nyanzaga (80%)1 - Tanzania Indicated Mineral Resource: 2.83 Moz Mineral Reserve: 2.60 Moz Life of Mine 12 + years 1. OreCorp Limited ASX announcement dated 22 Au
Slide 12: Nyanzaga Gold Project – A Significant Acquisition
NYANZAGA GOLD PROJECT – A SIGNIFICANT ACQUISITION Potential near term development opportunity in Tanzania • Nyanzaga owned 80% by Perseus and 20% by Tanzanian Government • Strong support for Project from the Tanzanian Government • All key licences have been granted for development and operation of t
Slide 13: Nyanzaga - Pictorial
NYANZAGA - PICTORIAL Above left: Perseus’s management team meets with Tanzanian Minister for Minerals, Honourable Anthony Mavunde (centre) Above centre: Key infrastructure under construction near the Nyanzaga mine site. Above right: Site of the proposed Nyanzaga Gold Mine. Right: First of Capital Dr
Slide 14: Major Milestone Nyanzaga Gold Project Construction Commenced
MINING Major Milestone Nyanzaga Gold Project Construction Commenced Resettlement Housing 31 August 2024
Slide 15: High Level Schedule
HIGH LEVEL SCHEDULE PERSEUS MINING PERSEUSMINING.COM 15
Slide 16: Meyas Sand Gold Project – Sudan
MEYAS SAND GOLD PROJECT – SUDAN Meyas Sand (70%)1 - Sudan Indicated Mineral Resource: 3.34Moz Mineral Reserve: 2.85Moz Life of Mine 14 + years First mover advantage in a highly prospective region providing further portfolio diversity Notes: 1 These estimates are prepared in accordance with Canadian
Slide 17: Perseus Mining Limited
PERSEUS MINING LIMITED PERSEUSMINING.COM 17
Slide 18: Excellent Operating Results for the 2024 Financial Year
EXCELLENT OPERATING 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$3
Slide 19: 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 DIVIDEND US$1,025.8M US$467.1M US$364.8M US$429.2M US$1,216.7M Final (A$) dividend 3.75 cps & 5.00 cps Up 7%(1) Up 22%(1) Up 14%(1) Up 1%(1) Up 9%(1) for FY24 Perseu
Slide 20: Steady Improvement Across All Key Financial Metrics
STEADY IMPROVEMENT ACROSS ALL KEY FINANCIAL METRICS CASHFLOW FROM OPERATIONS (2) (US$M) 500 400 EARNINGS (US$M) 300 625 553 200 484 PRODUCTION, COSTS & GOLD PRICE 409 406 365 100 321 254 226 203 0 149 104 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Profit after tax Gross profit from operations EBITDA fr
Slide 21: Perseus Mining Limited
PERSEUS MINING LIMITED PERSEUSMINING.COM 21
Slide 22: Our Approach to Sustainability
OUR APPROACH TO SUSTAINABILITY We believe that responsible gold mining can have a positive impact in fostering APPROACH, DISCLOSURE AND REPORTING GUIDED BY KEY sustainable growth in emerging countries while delivering sustainable returns to GLOBAL FRAMEWORKS AND STANDARDS… shareholders. …AND SUPPORT
Slide 23: Sustainability: Generating Benefits for All Our Stakeholders in FY24
SUSTAINABILITY: GENERATING BENEFITS FOR ALL OUR STAKEHOLDERS IN FY24 US$735M 96% 89% 1 1.06 THIRD-PARTY LIMITED TOTAL ECONOMIC LOCAL LOCAL SIGNIFICANT STABLE TRIFR, ASSURANCE OF KEY CONTRIBUTION TO EMPLOYMENT PROCUREMENT COMMUNITY BELOW INDUSTRY SUSTAINABILITY HOST COUNTRIES INCIDENT METRICS PERSEUS
Slide 24: Economic Benefits for Host Countries Generated by Perseus
ECONOMIC BENEFITS FOR HOST COUNTRIES GENERATED BY PERSEUS ECONOMIC BENEFITS GENERATED BY PERSEUS FY21-24 DISTRIBUTION OF FY24 ECONOMIC BENEFITS (USD 000S) PERSEUS MINING PERSEUSMINING.COM 24
Slide 25: Conclusion
CONCLUSION • Africa is open for business with the right attitude and approach - All stakeholders must benefit from the activity • Success or failure is not location dependent – success or failure can be achieved anywhere • Perseus Mining is succeeding in our endeavours in Africa – many reasons for t
Slide 26: This presentation was authorised for release by Jeff Quartermaine, Managing Director and CEO
For more information please contact: This presentation was authorised for release by Jeff Quartermaine, Managing Director and CEO ASX/TSX: PRU | WWW.PERSEUSMINING.COM