Perth, July 17, 2026 (GLOBE NEWSWIRE) -- PERSEUS MINING PURSUES VALUE CREATING ORGANIC GROWTH OPPORTUNITES AT THE YAOURE GOLD MINE
Perth, Western Australia/July 17, 2026/Perseus Mining Limited (ASX/TSX: PRU) is pleased to provide an update on the suite of growth projects being pursued at its Yaouré Gold Project in Côte d'Ivoire, including results from on-going resource definition drilling, deposit reconciliation performance, and planned work programs. Below is a summary of the release. The full report is available at www.perseusmining.com, www.sedarplus.ca and www.asx.com.au.
Highlights
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CMA underground performing well and transitioning to operation.
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An additional jumbo to be mobilised to increase future ore delivery and develop future underground exploration drill drives
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Yaouré open pit has identified +24% more metal from the trailing 6 months to March'26 against Reserve model with additional mineralisation domains being defined
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Drilling at depth and along strike of existing mining areas has strengthened confidence in the potential to extend mine life
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Extension drilling at CMA underground delivers encouraging results indicating potential extension of mineralisation beyond current defined Mineral Resource.
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Exploration drilling beyond the boundary fence has produced positive results at both the CMA Southwest and ROZA deposits.
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$34M committed to drilling in FY27 to increase the Mineral Resource base.
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The FY27 work plan targets the conversion of Inferred Resources to extend the Yaouré open pit
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Competent Person Statement:
The information in this report and the attachments that relate to exploration drilling results for the Yaouré Gold Mine is based on, and fairly represents, information and supporting documentation prepared by Mr Daniel Saunders, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr Saunders is a full-time employee of Perseus Mining Limited. Mr Saunders has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'" and to qualify as a "Qualified Person" under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr Saunders consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.