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PERSEUS MINING LIMITED Capital/Financing Update 2022

Jan 18, 2022

46513_rns_2022-01-18_881b44b6-04f3-499b-9ead-ccd2481f74db.pdf

Capital/Financing Update

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19 JANUARY 2022 NEWS RELEASE

HIGH GRADE RESULTS CONTINUE AT YAOURÉ GOLD MINE

Perseus Mining Limited (ASX/TSX: PRU) is pleased to report continued exploration success at its Yaouré Gold Mine in Côte d’Ivoire.

HIGHLIGHTS

  • Recent results from Perseus’s ongoing infill and down-dip extension drilling on the CMA structure at Yaouré confirm strong potential for further mineral resources beneath the CMA open pit (“ CMA Underground prospect ”).

  • Infill drilling of the Inferred resource continues to confirm gold mineralisation consistent with previous results from this area, with recent drill intercepts including:

  • YRC1881D: 10m @ 6.61 g/t Au from 236m

  • YRC1883D: 8.10m @ 7.27 g/t Au from 328.10m

  • YRC1903D: 10m @ 3.03 g/t Au from 337, including 3m @ 8.76 g/t Au from 337m

  • YRC1904D: 13m @ 3.77 g/t Au from 294m

  • YRC1905D: 9.8m @ 4.18 g/t Au from 245m

  • YRC1909D: 6m @ 7.57 g/t Au from 304m

  • YRC1911D: 8m @ 4.40 g/t Au from 227m

    • YRC1913D: 6.3m @ 4.52 g/t from 194.7 and 5.1m @ 6.12 g/t from 305.9m

  • YRC1915D: 10.60m @ 4.36 g/t from 271.4m

  • YRC1916D: 4m @ 4.93 g/t Au from 214.4m, 5.2m @ 2.69 g/t Au from 221.7m, 4m @ 4.21 g/t Au from 235m & 13.2m @ 1.31 g/t Au from 242m

  • YRC1947D: 16.2m @ 5.58 g/t Au from 270m

  • YRC2019D: 15m @ 3.49 g/t Au from 268m including 7m @ 4.91 g/t Au from 268m

  • Results returned high-grade intersections in the CMA hanging-wall, reflecting either CMA splays or oblique S- structures:

  • YRC1883D: 1.67m @ 62.29 g/t Au from 314.80m

  • YRC1897D: 4m @ 17.09 g/t Au from 64m

  • YRC1989D: 8m @ 11.42 g/t Au from 60m

  • YRC2047D: 16m @ 3.39 g/t Au from 56m including 4m @ 10.75 g/t Au from 68m

  • Perseus will use results to upgrade the CMA Underground Inferred Mineral Resource estimate to Indicated status, enabling a Pre-Feasibility Study (PFS) for an underground mining operation to be completed by late June 2022, including an initial Ore Reserve estimate.

PERSEUS MINING LIMITED

Level 2, 437 Roberts Road, Subiaco WA 6008 ABN: 27 106 808 986

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NEWS RELEASE | HIGH GRADE RESULTS CONTINUE AT YAOURÉ GOLD MINE

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  • Step-out drilling on the down-dip extensions of the CMA structure also returned encouraging results, including:

  • YRC1850AD: 5m @ 3.93 g/t Au from 605m and 4m @ 3.98 g/t Au from 628m

  • YRC1855D: 11.10m @ 3.39 g/t Au from 450.40m, including 5m @ 7.16 g/t Au from 452m.

Perseus’s Managing Director and CEO Jeff Quartermaine said:

“With our three gold mines, Yaouré, Edikan and Sissingué, now producing gold at an annualised rate of over 500,000 ounces per year, Perseus’s focus has turned to maintaining this level of production out to the end of the current decade and beyond.

“Our latest infill and step out drilling results from below Yaouré’s CMA open pit confirm previous drill results that indicated that material quantities of additional Indicated Mineral Resources, capable of being economically mined using underground mining methods, may be delineated.

“We are aiming to complete a Preliminary Feasibility Study of this mining operation by the end of the June Quarter 2022, however, timing of the completion of this work will depend on the ultimate footprint size of the orebody as determined by the current drilling programme.”

CMA UNDERGROUND RESOURCE DRILLING, YAOURÉ

Perseus focused recent exploration activities on the Yaouré permits at CMA Underground and CMA down-dip extensions within 2 kilometres of the Yaouré mill (Appendix 1 - Figure 1.1). Results continue to demonstrate the potential for the Company to materially grow its gold inventory at Yaouré organically, through further drilling success.

As noted in Perseus’s ASX release “Positive Exploration Results at Perseus’s Yaouré Mine” dated 14 October 2021, recent drilling at the CMA Underground prospect focused on infill drilling to firm up previously defined underground resources extending below the currently planned CMA pit. Perseus defined an Inferred Mineral Resource of 1.8 million tonnes grading 6.1 g/t Au, extending to a maximum 275 metre down dip beneath the open pit resource (refer Resources and Reserves ASX announcement 24 August 2021), with potential to extend mineralisation further down dip beyond this (Appendix 1 – Figure 1.2). Perseus has also completed a Scoping Study which identified the potential to mine the CMA structure using underground mining methods (refer to “Perseus Mining Completes Scoping Study for Potential Underground Mine at Yaouré” dated 5th November 2018).

Following completion of drilling within the cutback zone of the CMA South open pit, Perseus extended infill drilling north along the CMA structure where grades are generally higher than at the southern end. Drilling during the last quarter comprised 12,437 metres in 56 reverse circulation (“RC”) pre-collared diamond (“DD”) holes, infilling the existing 50 x 50 metres coverage to a nominal 25 x 25 metres pattern to allow conversion of the Inferred resource to Indicated. Results continued to provide encouragement, with intercepts generally consistent with those previously encountered in both thickness and grade (Appendix 1 - Figures 1.3-1.4) . Of note has been the presence of 2-3 stacked lodes in places, either as a result of anastomosing of the main lode or structural repetition. This feature has also been noted in the open pit workings, locally significantly increasing the ounces of gold per vertical metre.

The style of mineralisation remains consistent with that encountered previously, comprising pervasive, moderate to strong, pink-pale brown albite and carbonate alteration developed within a well-defined structure marked by quartz carbonate veins, fault veins, multi dilatant fault breccia, cataclasis and shearing.

Better intercepts from the CMA infill drilling are shown in Table 1 below, with a complete summary of significant results included in Appendix 2 – Table 2.1 .

CMA DOWN-DIP DRILLING, YAOURÉ

Perseus stepped up drilling to investigate the next 300 metre down-dip from the current CMA Underground resource, with 9,511 metres drilled in 18 RC pre-collared DD holes. This work focused within the “Magazine Zone” ahead of

PERSEUSMINING.COM

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stocking of the magazine with explosives. The step-out program is also guided by Perseus’s early 2020 3D seismic survey that clearly identified the CMA structure extending to depth beyond the current drill coverage.

Perseus is undertaking drilling on an initial 100 x 200 metres pattern to better define the position of the CMA structure and the intensity of mineralisation. If results are encouraging, this will be infilled to 100 x 100 metres to allow an initial Inferred Mineral Resource Estimate.

Better intercepts from the Yaouré step out drilling are shown in Table 1 below and in Appendix 1 - Figures 1.5 & 1.6 , with a complete summary of significant results included in Appendix 2 – Table 2.2 .

Table 1: Intercepts from CMA Underground and CMA Down-dip Drilling

Hole ID From (m) To (m) Gold Intercept Comment
CMA Underground Resource Drilling
YRC1874D
237.15
245
7.85m @ 3.51 g/t
CMA FW lode
YRC1876D
218
227
9m @ 2.63 g/t
CMA FW lode
YRC1877D
170.1
172
1.9m @ 3.23 g/t
CMA FW lode
YRC1877D
176
177.4
1.4m @ 4.13 g/t
CMA FW lode
YRC1878D
285.8
288
2.2m @ 2.84 g/t
CMA FW lode
YRC1878D
322
324
2m @ 2.9 g/t
CMA FW lode
YRC1878D
338
345
7m @ 2.27 g/t
CMA FW lode
YRC1879D
97
99
2m @ 2.27 g/t
CMA HW lode
YRC1879D
282.7
286
3.3m @ 1.4 g/t
CMA FW lode
YRC1880D
232
242
10m @ 3.71 g/t
CMA FW lode
YRC1881D
236
246
10m @ 6.61 g/t
CMA FW lode
YRC1882D
298
301
3m @ 3.86 g/t
CMA FW lode
YRC1883D
314.8
316.47
1.67m @ 62.29 g/t
S-structure
YRC1883D
328.1
336.2
8.1m @ 7.27 g/t
CMA FW lode
YRC1885D
282.3
285.3
3m @ 2.04 g/t
CMA FW lode
YRC1886D
279
293
14m @ 2.05 g/t
CMA FW lode
Including
279
283
4m @ 6.34 g/t
CMA FW lode
YRC1887D
297.7
298.8
1.1m @ 7.28 g/t
CMA FW lode
YRC1888D
237
241
4m @ 2.17 g/t
CMA FW lode
YRC1888D
282
287
5m @ 2.29 g/t
CMA FW lode
Including
284
286
2m @ 5.18 g/t
CMA FW lode
YRC1889D
283
286
3m @ 2.55 g/t
CMA FW lode
YRC1891D
277
291
14m @ 2.83 g/t
CMA FW lode
Including
277
286
9m @ 4.06 g/t
CMA FW lode
YRC1897D
64
68
4m @ 17.09 g/t
CMA HW Splay
YRC1899D
285
287
2m @ 8.58 g/t
CMA FW lode
YRC1899D
295
297
2m @ 4.15 g/t
CMA FW lode
YRC1900D
235
237
2m @ 2.48 g/t
CMA FW lode
YRC1902D
280
288
8m @ 4.24 g/t
CMA FW lode
YRC1903D
337
347
10m @ 3.03 g/t
CMA FW lode
Including
337
340
3m @ 8.76 g/t
CMA FW lode

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Hole ID From (m) To (m) Gold Intercept Comment
YRC1904D
52
56		 4m @ 8.14 g/t
CMA HW Splay
YRC1904D
294
307		 13m @ 3.77 g/t
CMA FW lode
YRC1905D
245
254.8		 9.8m @ 4.18 g/t
CMA FW lode
YRC1906D
256
268		 12m @ 3.16 g/t
CMA FW lode
YRC1907D
255
262		 7m @ 2.06 g/t
CMA FW lode
Including
255
259		 4m @ 3.48 g/t
CMA FW lode
YRC1908D
289
291		 2m @ 2.3 g/t
CMA FW lode
YRC1909D
304
310		 6m @ 7.57 g/t
CMA FW lode
YRC1911D
227
235		 8m @ 4.4 g/t
CMA FW lode
YRC1912AD
240
244.3		 4.3m @ 8.83 g/t
CMA FW lode
YRC1913D
194
204		 10m @ 2.95 g/t
CMA FW lode
Including
194.7
201		 6.3m @ 4.52 g/t
CMA FW lode
YRC1913D
302
314		 12m @ 2.82 g/t
CMA FW lode
Including
305.9
311		 5.1m @ 6.12 g/t
CMA FW lode
YRC1914D
257
264		 7m @ 4.82 g/t
CMA FW lode
YRC1915D
165
167		 2m @ 2.27 g/t
CMA HW Splay
YRC1915D
271.4
282		 10.6m @ 4.36 g/t
CMA FW lode
YRC1916D
214.4
218.4		 4m @ 4.93 g/t
CMA FW lode
YRC1916D
221.7
226.9		 5.2m @ 2.69 g/t
CMA FW lode
YRC1916D
235
239		 4m @ 4.21 g/t
CMA FW lode
YRC1918D
261
263.1		 2.1m @ 3.53 g/t
CMA FW lode
YRC1921D
56
60		 4m @ 2.67 g/t
CMA HW Splay
YRC1922D
229
239.5		 10.5m @ 4.36 g/t
CMA FW lode
YRC1923D
258
267		 9m @ 3.22 g/t
CMA FW lode
YRC1929D
342.6
348		 5.4m @ 2.16 g/t
CMA FW lode
YRC1938D
281
286		 5m @ 3.5 g/t
CMA FW lode
YRC1939D
257
261		 4m @ 2.1 g/t
CMA FW lode
YRC1943D
314
320		 6m @ 2.29 g/t
CMA FW lode
YRC1943D
336.65
340		 3.35m @ 5.87 g/t
CMA FW lode
YRC1945D
305.8
312		 6.2m @ 4.62 g/t
CMA FW lode
YRC1945D
327
331.6		 4.6m @ 3.64 g/t
CMA FW lode
YRC1946D
267.6
270		 2.4m @ 4.69 g/t
CMA FW lode
YRC1946D
276
282		 6m @ 5.26 g/t
CMA FW lode
YRC1946D
285
288		 3m @ 3.69 g/t
CMA FW lode
YRC1947D
270
286.2		 16.2m @ 5.58 g/t
CMA FW lode
YRC1963D
290
296		 6m @ 4.18 g/t
CMA FW lode
YRC1989D
60
68		 8m @ 11.42 g/t
CMA HW Splay
YRC1990D
72
76		 4m @ 3.75 g/t
CMA HW Splay
YRC2005D
56
60		 4m @ 3.08 g/t
CMA HW Splay
YRC2019D
268
283		 15m @ 3.49 g/t
CMA FW lode
YRC2044D
278.4
284.6		 6.2m @ 2.99 g/t
CMA FW lode

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Hole ID From (m) To (m) Gold Intercept Comment
YRC2045D
271
273		 2m @ 4.36 g/t
CMA FW lode
YRC2045D
278
283		 5m @ 3.44 g/t
CMA FW lode
YRC2047D
56
72		 16m @ 3.39 g/t
CMA HW Splay
Including
68
72		 4m @ 10.75 g/t
CMA HW Splay
YRC2047D
138.3
142		 3.7m @ 3.11 g/t
CMA FW lode
CMA Down-dip Drilling
YRC1850AD
604
612		 8m @ 2.64 g/t
CMA FW lode
Including
605
610		 5m @ 3.93 g/t
CMA FW lode
YRC1850AD
625
632		 7m @ 2.52 g/t
CMA FW lode
Including
628
632		 4m @ 3.98 g/t
CMA FW lode
YRC1854D
193
196		 3m @ 1.87 g/t
CMA HW Splay
Including
194
196		 2m @ 2.59 g/t
CMA HW Splay
YRC1855AD
450.4
461.5		 11.1m @ 3.39 g/t
CMA FW lode
Including
452
457		 5m @ 7.16 g/t
CMA FW lode
YRC1857D
464
470		 6m @ 2.32 g/t
CMA FW lode
YRC1858D
479
487		 8m @ 2.22 g/t
CMA FW lode
Including
482
485		 3m @ 5.07 g/t
CMA FW lode
YRC1859D
473
477		 4m @ 2.2 g/t
CMA FW lode
YRC1861D
549
555		 6m @ 2.48 g/t
CMA FW lode
Including
550
552		 2m @ 6.9 g/t
CMA FW lode
YRC1871D
532
534		 2m @ 6.32 g/t
CMA FW lode
YRC1871D
549
551		 2m @ 2.66 g/t
CMA FW lode
YRC2033D
586
588		 2m @ 2.13 g/t
CMA FW lode
YRC2043D
60
64		 4m @ 3.8 g/t
CMA HW Splay

NEXT STEPS AT CMA

Perseus’s ongoing exploration and study programmes at Yaouré will focus on:

  • Continuation of drilling to convert the Inferred Resource at CMA to an Ore Reserve to be potentially exploited by underground mining methods and drilling down dip of the Inferred Resource to identify the potential for further resource extensions.

  • Perseus is completing drilling to convert the Inferred CMA resource to an Ore Reserve as the first part of a PreFeasibility Study (PFS). Geotechnical, hydrological, mining and metallurgical studies have commenced as drilling and assaying results become available. Target completion for the PFS remains the end of the June Quarter 2022, with timing dependent on the ultimate footprint size of the orebody.

  • Continuation of drill testing of targets generated from the 3D seismic survey, with an initial focus on near-surface targets.

  • Aircore drilling and augering at early-stage regional prospects such as Degbezere NE.

This announcement has been approved for release by Perseus’s Managing Director and Chief Executive Officer, Jeff Quartermaine.

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Competent Person Statement:

The information in this report and the attachments that relate to exploration drilling results at the Yaouré Project is based on, and fairly represents, information and supporting documentation prepared by Dr Douglas Jones, a Competent Person who is a Chartered Professional Geologist. Dr Jones is the Group General Manager Exploration of the Company. Dr Jones 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”). Dr Jones consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Caution Regarding Forward Looking Information:

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 developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaouré Gold Mine, the Edikan Gold Mine and the Sissingué Gold Mine without any major disruption due to the COVID-19 pandemic or otherwise, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. The Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration and development activities, the timely receipt of required approvals, the price of gold, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

ASX/TSX CODE: PRU CONTACTS: Jeff Quartermaine REGISTERED OFFICE: Managing Director & CEO Level 2 [email protected] 437 Roberts Road Subiaco WA 6008 Nathan Ryan Telephone: +61 8 6144 1700 Media Relations Email: [email protected] +61 4 20 582 887 [email protected]

www.perseusmining.com

Claire Hall Corporate Communications [email protected]

PERSEUSMINING.COM

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APPENDIX 1 - FIGURES

Figure 1.1: Yaouré Gold Project – Tenements and Prospects

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Figure 1.2: CMA Underground Resource Drilling and Results Summary

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Figure 1.3: CMA Underground Resource – Long Section
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Figure 1.4: CMA Underground Resource – Drill Section 777485mN

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Figure 1.5: CMA Down-Dip Extensions Drilling & Results Summary

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Figure 1.6: CMA Down-Dip Extensions Drilling – Drill Section 777435mN

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APPENDIX 2 – SIGNIFICANT INTERCEPTS TABLES

Table 2.1: CMA Underground Resource Drilling - drill holes and significant assays

(Based on lower cut-off of 0.5 g/t Au with maximum 2m internal waste <0.5 g/t)

Hole ID East North Drill
Type		 Azimuth Dip Depth No of
samples		 From To Width Grade
YRC1874D
221644.55
777035.52
RC_DD
270
-60
253.5
1
16
20
4
0.22
YRC1874D
221644.55
777035.52
RC_DD
270
-60
253.5
10
154.6
163
8.4
0.45
YRC1874D
221644.55
777035.52
RC_DD
270
-60
253.5
3
170.8
173
2.2
0.42
YRC1874D
221644.55
777035.52
RC_DD
270
-60
253.5
7
178
185
7
0.41
YRC1874D
221644.55
777035.52
RC_DD
270
-60
253.5
5
191.7
196
4.3
0.37
YRC1874D
221644.55
777035.52
RC_DD
270
-60
253.5
2
204
206
2
0.37
YRC1874D
221644.55
777035.52
RC_DD
270
-60
253.5
8
237.2
245
7.85
3.51
YRC1875D
221701.84
777035.19
RC_DD
270
-60
270.7
2
74
76
2
0.57
YRC1875D
221701.84
777035.19
RC_DD
270
-60
270.7
2
118
120
2
0.32
YRC1875D
221701.84
777035.19
RC_DD
270
-60
270.7
10
133
141.3
8.3
3.49
YRC1875D
221701.84
777035.19
RC_DD
270
-60
270.7
4
158
161.15
3.15
0.46
YRC1875D
221701.84
777035.19
RC_DD
270
-60
270.7
4
196
200
4
0.47
YRC1875D
221701.84
777035.19
RC_DD
270
-60
270.7
2
264
266
2
0.7
YRC1876D
221631.3
776985.27
RC_DD
270
-60
240.4
1
16
20
4
0.29
YRC1876D
221631.3
776985.27
RC_DD
270
-60
240.4
1
28
32
4
0.27
YRC1876D
221631.3
776985.27
RC_DD
270
-60
240.4
1
40
44
4
0.23
YRC1876D
221631.3
776985.27
RC_DD
270
-60
240.4
3
180
183
3
0.4
YRC1876D
221631.3
776985.27
RC_DD
270
-60
240.4
4
204
208
4
0.3
YRC1876D
221631.3
776985.27
RC_DD
270
-60
240.4
12
216
228
12
2.01
YRC1877D
221859.52
776985.28
RC_DD
270
-60
387.7
2
0
8
8
0.57
YRC1877D
221859.52
776985.28
RC_DD
270
-60
387.7
6
124
130
6
0.62
YRC1877D
221859.52
776985.28
RC_DD
270
-60
387.7
2
138
140
2
0.24
YRC1877D
221859.52
776985.28
RC_DD
270
-60
387.7
2
144
146
2
0.34
YRC1877D
221859.52
776985.28
RC_DD
270
-60
387.7
14
166
177.4
11.4
1.33
Including
2
170.1
172
1.9
3.23
Including
2
176
177.4
1.4
4.13
YRC1877D
221859.52
776985.28
RC_DD
270
-60
387.7
5
237
242
5
0.69
YRC1877D
221859.52
776985.28
RC_DD
270
-60
387.7
6
257
262
5
0.28
YRC1877D
221859.52
776985.28
RC_DD
270
-60
387.7
5
268.8
273
4.2
0.98
YRC1878D
221790.83
776984.8
RC_DD
270
-60
354.3
1
16
20
4
0.43
YRC1878D
221790.83
776984.8
RC_DD
270
-60
354.3
33
268.2
298
29.8
0.7
Including
285.8
288
2.2
2.84
YRC1878D
221790.83
776984.8
RC_DD
270
-60
354.3
17
307
324
17
0.9
Including
322
324
2
2.9
YRC1878D
221790.83
776984.8
RC_DD
270
-60
354.3
2
329
331
2
2.27
YRC1878D
221790.83
776984.8
RC_DD
270
-60
354.3
7
338
345
7
2.27

PERSEUSMINING.COM

12

NEWS RELEASE | HIGH GRADE RESULTS CONTINUE AT YAOURÉ GOLD MINE

==> picture [110 x 35] intentionally omitted <==

Hole ID East North Drill
Type		 Azimuth Dip Depth No of
samples		 From To Width Grade
YRC1879D
221862.13
776984.86		 RC_DD
270
-60
396.7
1
0
4
4
0.4
YRC1879D
221862.13
776984.86		 RC_DD
270
-60
396.7
4
97
101
4
1.21
Including 2
97
99
2
2.27
YRC1879D
221862.13
776984.86		 RC_DD
270
-60
396.7
2
137
139
2
0.85
YRC1879D
221862.13
776984.86		 RC_DD
270
-60
396.7
13
256
269
13
0.67
YRC1879D
221862.13
776984.86		 RC_DD
270
-60
396.7
4
282.7
286
3.3
1.4
YRC1880D
221647.19
776934.85		 RC_DD
270
-55
254.9
2
153
155
2
0.52
YRC1880D
221647.19
776934.85		 RC_DD
270
-55
254.9
3
159
162
3
0.66
YRC1880D
221647.19
776934.85		 RC_DD
270
-55
254.9
12
232
242
10
3.71
Including 10
232
240
8
4.52
YRC1881D
221650.05
776935.02		 RC_DD
270
-60
255.6
2
44
52
8
0.43
YRC1881D
221650.05
776935.02		 RC_DD
270
-60
255.6
1
64
68
4
0.72
YRC1881D
221650.05
776935.02		 RC_DD
270
-60
255.6
10
236
246
10
6.61
YRC1882D
221862.21
776935.01		 RC_DD
270
-65
378.3
1
0
4
4
0.39
YRC1882D
221862.21
776935.01		 RC_DD
270
-65
378.3
3
298
301
3
3.86
YRC1882D
221862.21
776935.01		 RC_DD
270
-65
378.3
6
321
327
6
0.99
YRC1882D
221862.21
776935.01		 RC_DD
270
-65
378.3
6
330
336
6
0.66
YRC1883D
221780.17
776884.96		 RC_DD
270
-50
354.7
2
0
8
8
0.36
YRC1883D
221780.17
776884.96		 RC_DD
270
-50
354.7
9
328.1
336.2
8.1
7.27
YRC1884D
221785.13
776884.89		 RC_DD
270
-65
346.8
1
0
4
4
0.38
YRC1884D
221785.13
776884.89		 RC_DD
270
-65
346.8
4
142.5
146.7
4.2
0.68
YRC1884D
221785.13
776884.89		 RC_DD
270
-65
346.8
25
269
294
25
0.54
YRC1884D
221785.13
776884.89		 RC_DD
270
-65
346.8
23
316.4
339
22.6
0.85
YRC1885D
221713.76
776835.11		 RC_DD
270
-60
301.9
1
0
4
4
0.28
YRC1885D
221713.76
776835.11		 RC_DD
270
-60
301.9
1
56
60
4
0.42
YRC1885D
221713.76
776835.11		 RC_DD
270
-60
301.9
8
279
287.3
8.3
0.91
Including 282.3
285.3
3
2.04
YRC1886D
221719.48
776785.18		 RC_DD
270
-55
297
2
0
8
8
0.45
YRC1886D
221719.48
776785.18		 RC_DD
270
-55
297
1
44
48
4
0.39
YRC1886D
221719.48
776785.18		 RC_DD
270
-55
297
2
188
190
2
0.28
YRC1886D
221719.48
776785.18		 RC_DD
270
-55
297
14
279
293
14
2.05
Including 4
279
283
4
6.34
YRC1887D
221723.44
776785.23		 RC_DD
270
-65
303.2
2
0
8
8
0.27
YRC1887D
221723.44
776785.23		 RC_DD
270
-65
303.2
1
40
44
4
0.49
YRC1887D
221723.44
776785.23		 RC_DD
270
-65
303.2
1
72
76
4
0.5
YRC1887D
221723.44
776785.23		 RC_DD
270
-65
303.2
2
249.5
251.5
2
0.67
YRC1887D
221723.44
776785.23		 RC_DD
270
-65
303.2
10
288.5
298.8
10.3
1.33
Including 297.7
298.8
1.1
7.28
YRC1888D
221718.75
776735.16		 RC_DD
270
-55
300.4
2
0
8
8
0.31
YRC1888D
221718.75
776735.16		 RC_DD
270
-55
300.4
8
203
211
8
0.22

PERSEUSMINING.COM

13

NEWS RELEASE | HIGH GRADE RESULTS CONTINUE AT YAOURÉ GOLD MINE

==> picture [110 x 35] intentionally omitted <==

Hole ID East North Drill
Type		 Azimuth Dip Depth No of
samples		 From To Width Grade
YRC1888D
221718.75
776735.16		 RC_DD
270
-55
300.4
7
222
227
5
1.26
YRC1888D
221718.75
776735.16		 RC_DD
270
-55
300.4
5
237
241
4
2.17
YRC1888D
221718.75
776735.16		 RC_DD
270
-55
300.4
5
282
287
5
2.29
Including 284
286
2
5.18
YRC1889D
221714.49
776735.05		 RC_DD
270
-45
300.1
2
0
8
8
0.46
YRC1889D
221714.49
776735.05		 RC_DD
270
-45
300.1
2
249
251
2
0.59
YRC1889D
221714.49
776735.05		 RC_DD
270
-45
300.1
7
282
289
7
1.35
Including 283
286
3
2.55
YRC1890D
221699.21
776685.04		 RC_DD
270
-45
285
2
0
8
8
0.7
YRC1890D
221699.21
776685.04		 RC_DD
270
-45
285
1
64
68
4
0.28
YRC1890D
221699.21
776685.04		 RC_DD
270
-45
285
7
225
231
6
0.78
YRC1890D
221699.21
776685.04		 RC_DD
270
-45
285
4
274
278
4
0.64
YRC1891D
221709.7
776834.9		 RC_DD
270
-45
302.2
1
0
4
4
0.25
YRC1891D
221709.7
776834.9		 RC_DD
270
-45
302.2
14
277
291
14
2.83
Including 277
286
9
4.06
YRC1892D
221649.74
776584.57		 RC_DD
270
-65
252.1
1
44
48
4
0.4
YRC1892D
221649.74
776584.57		 RC_DD
270
-65
252.1
1
72
76
4
0.29
YRC1892D
221649.74
776584.57		 RC_DD
270
-65
252.1
3
227
230
3
1.45
YRC1893D
221658.13
776534.89		 RC_DD
270
-55
267.8
1
4
8
4
0.72
YRC1893D
221658.13
776534.89		 RC_DD
270
-55
267.8
2
28
36
8
0.77
YRC1893D
221658.13
776534.89		 RC_DD
270
-55
267.8
1
44
48
4
0.26
YRC1893D
221658.13
776534.89		 RC_DD
270
-55
267.8
2
112
114
2
0.2
YRC1893D
221658.13
776534.89		 RC_DD
270
-55
267.8
3
240
243
3
1.59
YRC1893D
221658.13
776534.89		 RC_DD
270
-55
267.8
5
247
252
5
0.56
YRC1894D
221662.28
776534.95		 RC_DD
270
-65
275.9
1
8
12
4
0.3
YRC1894D
221662.28
776534.95		 RC_DD
270
-65
275.9
1
16
20
4
1.11
YRC1894D
221662.28
776534.95		 RC_DD
270
-65
275.9
11
161
172
11
0.81
YRC1894D
221662.28
776534.95		 RC_DD
270
-65
275.9
9
176
185
9
0.36
YRC1894D
221662.28
776534.95		 RC_DD
270
-65
275.9
3
237
240
3
0.88
YRC1895D
221821.37
777036.08		 RC_DD
270
-65
369.5
1
28
32
4
1.05
YRC1895D
221821.37
777036.08		 RC_DD
270
-65
369.5
1
56
60
4
0.22
YRC1895D
221821.37
777036.08		 RC_DD
270
-65
369.5
5
140
144
4
0.43
YRC1895D
221821.37
777036.08		 RC_DD
270
-65
369.5
2
335
337
2
2.95
YRC1895D
221821.37
777036.08		 RC_DD
270
-65
369.5
6
357
362
5
1.94
YRC1896D
221776.01
777035.1		 RC_DD
270
-65
327.3
1
12
16
4
0.25
YRC1896D
221776.01
777035.1		 RC_DD
270
-65
327.3
2
310
312
2
0.52
YRC1897D
221569.43
776484.82		 RC_DD
270
-55
210.7
1
4
8
4
0.22
YRC1897D
221569.43
776484.82		 RC_DD
270
-55
210.7
1
12
16
4
0.36
YRC1897D
221569.43
776484.82		 RC_DD
270
-55
210.7
1
56
60
4
0.93
YRC1897D
221569.43
776484.82		 RC_DD
270
-55
210.7
1
64
68
4
17.09

PERSEUSMINING.COM

14

NEWS RELEASE | HIGH GRADE RESULTS CONTINUE AT YAOURÉ GOLD MINE

==> picture [110 x 35] intentionally omitted <==

Hole ID East North Drill
Type		 Azimuth Dip Depth No of
samples		 From To Width Grade
YRC1897D
221569.43
776484.82		 RC_DD
270
-55
210.7
2
144
146
2
0.42
YRC1897D
221569.43
776484.82		 RC_DD
270
-55
210.7
5
196
201
5
0.58
YRC1898D
221572.09
776484.99		 RC_DD
270
-65
219.7
2
0
8
8
0.43
YRC1898D
221572.09
776484.99		 RC_DD
270
-65
219.7
2
108
110
2
0.8
YRC1898D
221572.09
776484.99		 RC_DD
270
-65
219.7
4
154
158
4
0.23
YRC1898D
221572.09
776484.99		 RC_DD
270
-65
219.7
3
173.3
176
2.7
0.57
YRC1898D
221572.09
776484.99		 RC_DD
270
-65
219.7
7
180
186
6
0.47
YRC1898D
221572.09
776484.99		 RC_DD
270
-65
219.7
9
196
205
9
0.68
YRC1899D
221741.49
777135.16		 RC_DD
270
-65
312.7
1
40
44
4
0.45
YRC1899D
221741.49
777135.16		 RC_DD
270
-65
312.7
2
285
287
2
8.58
YRC1899D
221741.49
777135.16		 RC_DD
270
-65
312.7
9
294
303
9
1.29
Including 295
297
2
4.15
YRC1900D
221619.77
777184.91		 RC_DD
270
-60
253.3
2
125
127
2
1.18
YRC1900D
221619.77
777184.91		 RC_DD
270
-60
253.3
4
234
238
4
1.49
Including 235
237
2
2.48
YRC1901AD
221657.27
777185.2		 RC_DD
270
-60
271.2
4
105
108
3
1.03
YRC1901AD
221657.27
777185.2		 RC_DD
270
-60
271.2
6
252
258
6
0.72
YRC1902D
221711.18
777084.89		 RC_DD
270
-63
300
1
0
4
4
1.44
YRC1902D
221711.18
777084.89		 RC_DD
270
-63
300
1
60
64
4
0.2
YRC1902D
221711.18
777084.89		 RC_DD
270
-63
300
16
277
293
16
2.27
Including 280
288
8
4.24
YRC1903D
221819.58
777084.87		 RC_DD
270
-58
363.2
2
0
8
8
0.41
YRC1903D
221819.58
777084.87		 RC_DD
270
-58
363.2
2
154
156
2
0.78
YRC1903D
221819.58
777084.87		 RC_DD
270
-58
363.2
15
337
352
15
2.71
Including 337
347
10
3.03
YRC1904D
221765.22
777185.04		 RC_DD
270
-71
327.2
1
36
40
4
0.4
YRC1904D
221765.22
777185.04		 RC_DD
270
-71
327.2
1
52
56
4
8.14
YRC1904D
221765.22
777185.04		 RC_DD
270
-71
327.2
2
85
87
2
0.46
YRC1904D
221765.22
777185.04		 RC_DD
270
-71
327.2
13
294
307
13
3.77
Including 296
307
11
4.33
YRC1905D
221663.62
777285.32		 RC_DD
270
-73
267.3
4
199
203
4
0.46
YRC1905D
221663.62
777285.32		 RC_DD
270
-73
267.3
11
245
254.8
9.8
4.18
YRC1906D
221670.08
777334.56		 RC_DD
270
-56
283.3
2
250
252
2
0.4
YRC1906D
221670.08
777334.56		 RC_DD
270
-56
283.3
12
256
268
12
3.16
YRC1907D
221672.47
777334.47		 RC_DD
270
-63
270.9
7
255
262
7
2.06
Including 255
259
4
3.48
YRC1907D
221672.47
777334.47		 RC_DD
270
-63
270.9
2
266
268
2
0.24
YRC1908D
221738.52
777334.39		 RC_DD
270
-70
306.2
1
36
40
4
0.23
YRC1908D
221738.52
777334.39		 RC_DD
270
-70
306.2
6
125
131
6
0.88
YRC1908D
221738.52
777334.39		 RC_DD
270
-70
306.2
2
289
291
2
2.3

PERSEUSMINING.COM

15

NEWS RELEASE | HIGH GRADE RESULTS CONTINUE AT YAOURÉ GOLD MINE

==> picture [110 x 35] intentionally omitted <==

Hole ID East North Drill
Type		 Azimuth Dip Depth No of
samples		 From To Width Grade
YRC1909D
221762
777385.29		 RC_DD
270
-66
315.4
2
168
170
2
0.72
YRC1909D
221762
777385.29		 RC_DD
270
-66
315.4
6
304
310
6
7.57
Including 304
309
5
9.02
YRC1911D
221619.49
777434.94		 RC_DD
270
-61
255.7
6
8
32
24
0.48
YRC1911D
221619.49
777434.94		 RC_DD
270
-61
255.7
8
227
235
8
4.4
Including 227
232
5
6.85
YRC1911D
221619.49
777434.94		 RC_DD
270
-61
255.7
11
238
249.4
11.4
0.3
YRC1911D
221619.49
777434.94		 RC_DD
270
-61
255.7
2
252.5
254.6
2.1
0.76
YRC1912AD
221650.57
777435.08		 RC_DD
270
-62
267.3
1
20
24
4
0.29
YRC1912AD
221650.57
777435.08		 RC_DD
270
-62
267.3
4
240
244.3
4.3
8.83
YRC1913D
221761.56
777434.93		 RC_DD
270
-62
317.9
2
134
136
2
0.5
YRC1913D
221761.56
777434.93		 RC_DD
270
-62
317.9
11
194
204
10
2.95
Including 194.7
201
6.3
4.52
YRC1913D
221761.56
777434.93		 RC_DD
270
-62
317.9
12
302
314
12
2.82
Including 305.9
311
5.1
6.12
YRC1914D
221669.2
777485.08		 RC_DD
270
-59
270.9
3
168
171
3
0.45
YRC1914D
221669.2
777485.08		 RC_DD
270
-59
270.9
8
257
264
7
4.82
YRC1914D
221669.2
777485.08		 RC_DD
270
-59
270.9
4
267
270.9
3.9
0.22
YRC1915D
221700.01
777484.96		 RC_DD
270
-61
294.7
1
8
12
4
0.23
YRC1915D
221700.01
777484.96		 RC_DD
270
-61
294.7
1
48
52
4
0.26
YRC1915D
221700.01
777484.96		 RC_DD
270
-61
294.7
2
165
167
2
2.27
YRC1915D
221700.01
777484.96		 RC_DD
270
-61
294.7
2
180
182
2
0.23
YRC1915D
221700.01
777484.96		 RC_DD
270
-61
294.7
11
271.4
282
10.6
4.36
YRC1916D
221564.91
777535.38		 RC_DD
270
-61
261.3
3
44
56
12
0.37
YRC1916D
221564.91
777535.38		 RC_DD
270
-61
261.3
14
213.2
226.9
13.7
2.6
Including 214.4
218.4
4
4.93
Including 221.7
226.9
5.2
2.69
YRC1916D
221564.91
777535.38		 RC_DD
270
-61
261.3
32
229
261.3
32.3
1.24
YRC1917AD
221679.78
776634.68		 RC_DD
270
-59
267.7
1
0
4
4
0.2
YRC1917AD
221679.78
776634.68		 RC_DD
270
-59
267.7
2
91
93
2
1.77
YRC1917AD
221679.78
776634.68		 RC_DD
270
-59
267.7
2
252
254
2
0.73
YRC1918D
221709.67
777534.61		 RC_DD
270
-70
272.2
1
0
4
4
0.37
YRC1918D
221709.67
777534.61		 RC_DD
270
-70
272.2
2
68
76
8
0.95
YRC1918D
221709.67
777534.61		 RC_DD
270
-70
272.2
3
107.4
110
2.6
1.3
YRC1918D
221709.67
777534.61		 RC_DD
270
-70
272.2
8
257
263.1
6.1
1.61
Including 261
263.1
2.1
3.53
YRC1922D
221639.72
777034.48		 RC_DD
270
-60
249.2
1
4
8
4
0.2
YRC1922D
221639.72
777034.48		 RC_DD
270
-60
249.2
5
177.2
181.9
4.7
0.33
YRC1922D
221639.72
777034.48		 RC_DD
270
-60
249.2
3
216.2
219.2
3
0.55
YRC1922D
221639.72
777034.48		 RC_DD
270
-60
249.2
21
225.7
246.2
20.5
2.56

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16

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==> picture [110 x 35] intentionally omitted <==

Hole ID East North Drill
Type		 Azimuth Dip Depth No of
samples		 From To Width Grade
Including 229
239.5
10.5
4.36
YRC1923D
221699.12
777034.43		 RC_DD
270
-60
270.1
3
107
109.4
2.4
0.36
YRC1923D
221699.12
777034.43		 RC_DD
270
-60
270.1
4
112
116
4
0.39
YRC1923D
221699.12
777034.43		 RC_DD
270
-60
270.1
3
119
121.4
2.4
0.31
YRC1923D
221699.12
777034.43		 RC_DD
270
-60
270.1
10
141
149
8
0.23
YRC1923D
221699.12
777034.43		 RC_DD
270
-60
270.1
7
155.3
162
6.75
0.34
YRC1923D
221699.12
777034.43		 RC_DD
270
-60
270.1
4
188
192
4
0.45
YRC1923D
221699.12
777034.43		 RC_DD
270
-60
270.1
4
197.7
201
3.3
1.48
YRC1923D
221699.12
777034.43		 RC_DD
270
-60
270.1
7
204
211
7
0.34
YRC1923D
221699.12
777034.43		 RC_DD
270
-60
270.1
10
258
267
9
3.22
YRC1925D
221859.83
776934.23		 RC_DD
270
-67
377
1
0
4
4
0.45
YRC1925D
221859.83
776934.23		 RC_DD
270
-67
377
32
316.9
347.2
30.3
0.8
YRC1925D
221859.83
776934.23		 RC_DD
270
-67
377
4
355
359
4
0.5
YRC1926D
221712.03
776834.49		 RC_DD
270
-58
297.3
2
0
8
8
0.27
YRC1926D
221712.03
776834.49		 RC_DD
270
-58
297.3
4
141.4
144
2.6
1.43
YRC1926D
221712.03
776834.49		 RC_DD
270
-58
297.3
5
265
270
5
1.3
YRC1926D
221712.03
776834.49		 RC_DD
270
-58
297.3
12
277
288.2
11.2
0.81
YRC1926D
221712.03
776834.49		 RC_DD
270
-58
297.3
8
291
297.3
6.3
0.77
YRC1927D
221716.46
776834.78		 RC_DD
270
-68
303.3
1
0
4
4
0.39
YRC1927D
221716.46
776834.78		 RC_DD
270
-68
303.3
2
260.3
262.5
2.2
0.76
YRC1927D
221716.46
776834.78		 RC_DD
270
-68
303.3
2
277.7
279.7
2
0.53
YRC1927D
221716.46
776834.78		 RC_DD
270
-68
303.3
7
284.9
291.3
6.4
1.18
YRC1928D
221789.84
776984.54		 RC_DD
270
-59
342
1
68
72
4
0.21
YRC1928D
221789.84
776984.54		 RC_DD
270
-59
342
3
335.6
338.1
2.5
2.34
YRC1929D
221793.3
776985.16		 RC_DD
270
-68
360.1
1
12
16
4
0.53
YRC1929D
221793.3
776985.16		 RC_DD
270
-68
360.1
6
238.9
243.5
4.65
1.02
YRC1929D
221793.3
776985.16		 RC_DD
270
-68
360.1
4
245.6
248
2.4
0.9
YRC1929D
221793.3
776985.16		 RC_DD
270
-68
360.1
9
261
268.9
7.9
0.49
YRC1929D
221793.3
776985.16		 RC_DD
270
-68
360.1
2
328
330
2
2
YRC1929D
221793.3
776985.16		 RC_DD
270
-68
360.1
12
337
348
11
1.21
Including 342.6
348
5.4
2.16
YRC1929D
221793.3
776985.16		 RC_DD
270
-68
360.1
3
353
355
2
1.97
YRC1938D
221721.76
776784.57		 RC_DD
270
-63
297.5
2
0
8
8
0.38
YRC1938D
221721.76
776784.57		 RC_DD
270
-63
297.5
1
44
48
4
0.75
YRC1938D
221721.76
776784.57		 RC_DD
270
-63
297.5
1
64
68
4
0.43
YRC1938D
221721.76
776784.57		 RC_DD
270
-63
297.5
5
281
286
5
3.5
YRC1939D
221716.49
776734.95		 RC_DD
270
-55
296
2
0
8
8
0.29
YRC1939D
221716.49
776734.95		 RC_DD
270
-55
296
4
257
261
4
2.1
YRC1939D
221716.49
776734.95		 RC_DD
270
-55
296
5
285
290
5
0.35
YRC1940D
221701.83
776684.41		 RC_DD
270
-66
288.4
2
0
8
8
0.48

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==> picture [110 x 35] intentionally omitted <==

Hole ID East North Drill
Type		 Azimuth Dip Depth No of
samples		 From To Width Grade
YRC1940D
221701.83
776684.41		 RC_DD
270
-66
288.4
3
132
135
3
0.76
YRC1940D
221701.83
776684.41		 RC_DD
270
-66
288.4
4
183
187
4
1.36
YRC1940D
221701.83
776684.41		 RC_DD
270
-66
288.4
6
273
279
6
0.53
YRC1943D
221779.59
776934.95		 RC_DD
270
-66
348.2
2
0
8
8
0.28
YRC1943D
221779.59
776934.95		 RC_DD
270
-66
348.2
1
28
32
4
0.51
YRC1943D
221779.59
776934.95		 RC_DD
270
-66
348.2
1
40
44
4
0.22
YRC1943D
221779.59
776934.95		 RC_DD
270
-66
348.2
5
104.2
109
4.8
0.56
YRC1943D
221779.59
776934.95		 RC_DD
270
-66
348.2
2
284
286
2
0.44
YRC1943D
221779.59
776934.95		 RC_DD
270
-66
348.2
2
308
310
2
0.46
YRC1943D
221779.59
776934.95		 RC_DD
270
-66
348.2
15
313.1
326.4
13.3
1.44
Including 314
320
6
2.29
YRC1943D
221779.59
776934.95		 RC_DD
270
-66
348.2
13
329
341
12
2.01
YRC1945D
221782.44
776884.65		 RC_DD
270
-64
341.2
1
0
4
4
0.52
YRC1945D
221782.44
776884.65		 RC_DD
270
-64
341.2
2
290
292
2
1.42
YRC1945D
221782.44
776884.65		 RC_DD
270
-64
341.2
7
305.8
312
6.2
4.62
YRC1945D
221782.44
776884.65		 RC_DD
270
-64
341.2
9
324.8
332.2
7.4
2.51
Including 327
331.6
4.6
3.64
YRC1946D
221717.4
776934.99		 RC_DD
270
-70
291.8
4
267.6
270
2.4
4.69
YRC1946D
221717.4
776934.99		 RC_DD
270
-70
291.8
17
275
291.8
16.8
2.72
Including 276
282
6
5.26
Including 285
288
3
3.69
YRC1947D
221715.51
776934.8		 RC_DD
270
-65
294.4
1
0
4
4
0.23
YRC1947D
221715.51
776934.8		 RC_DD
270
-65
294.4
2
125
127
2
0.21
YRC1947D
221715.51
776934.8		 RC_DD
270
-65
294.4
17
270
286.2
16.2
5.58
YRC1947D
221715.51
776934.8		 RC_DD
270
-65
294.4
4
289
293
4
0.23
YRC1948D
221648.15
776584.97		 RC_DD
270
-65
243.2
1
28
32
4
0.62
YRC1948D
221648.15
776584.97		 RC_DD
270
-65
243.2
1
36
40
4
0.24
YRC1948D
221648.15
776584.97		 RC_DD
270
-65
243.2
2
77.6
80
2.4
0.58
YRC1948D
221648.15
776584.97		 RC_DD
270
-65
243.2
2
97
99
2
0.21
YRC1948D
221648.15
776584.97		 RC_DD
270
-65
243.2
6
225
231
6
1.56
YRC1950D
221656.25
776535.11		 RC_DD
270
-52
270.6
3
24
36
12
0.59
YRC1950D
221656.25
776535.11		 RC_DD
270
-52
270.6
9
239.6
247.6
8
0.43
YRC1950D
221656.25
776535.11		 RC_DD
270
-52
270.6
2
262
264
2
0.23
YRC1963D
221762.89
777285.22		 RC_DD
270
-66
310.2
1
20
24
4
0.47
YRC1963D
221762.89
777285.22		 RC_DD
270
-66
310.2
6
290
296
6
4.18
YRC1989D
221646.97
776560.28		 RC_DD
270
-58
258
1
0
4
4
0.27
YRC1989D
221646.97
776560.28		 RC_DD
270
-58
258
2
60
68
8
11.42
YRC1989D
221646.97
776560.28		 RC_DD
270
-58
258
4
134
138
4
0.66
YRC2019D
221700
776910		 RC_DD
270
-50
299.8
2
159
161
2
0.33
YRC2019D
221700
776910		 RC_DD
270
-50
299.8
17
268
283
15
3.49

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==> picture [110 x 35] intentionally omitted <==

Hole ID East North Drill
Type		 Azimuth Dip Depth No of
samples		 From To Width Grade
YRC2044D
221701.26
776910.13		 RC_DD
270
-55
293.8
2
90
92
2
1.09
YRC2044D
221701.26
776910.13		 RC_DD
270
-55
293.8
14
271
284.6
13.6
1.68
Including 278.4
284.6
6.2
2.99
YRC2045D
221707.41
776857.18		 RC_DD
270
-55
290.8
2
271
273
2
4.36
YRC2045D
221707.41
776857.18		 RC_DD
270
-55
290.8
5
278
283
5
3.44
YRC2046D
221631.7
776509.84		 RC_DD
270
-51
260.9
1
0
4
4
0.24
YRC2046D
221631.7
776509.84		 RC_DD
270
-51
260.9
1
12
16
4
0.58
YRC2046D
221631.7
776509.84		 RC_DD
270
-51
260.9
4
180.4
184.8
4.4
0.34
YRC2046D
221631.7
776509.84		 RC_DD
270
-51
260.9
3
210.3
213
2.7
0.2
YRC2046D
221631.7
776509.84		 RC_DD
270
-51
260.9
8
224
232
8
0.53
YRC2046D
221631.7
776509.84		 RC_DD
270
-51
260.9
18
235
253
18
1.19
YRC2047D
221644.7
776559.8		 RC_DD
270
-52
254.8
1
0
4
4
0.23
YRC2047D
221644.7
776559.8		 RC_DD
270
-52
254.8
4
56
72
16
3.39
Including 68
72
4
10.75
YRC2047D
221644.7
776559.8		 RC_DD
270
-52
254.8
4
138.3
142
3.7
3.11
YRC2047D
221644.7
776559.8		 RC_DD
270
-52
254.8
7
226
233
7
0.52
YRC2047D
221644.7
776559.8		 RC_DD
270
-52
254.8
5
236
241
5
1.33

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==> picture [110 x 35] intentionally omitted <==

Table 2.2: CMA Down-Dip Extension - drill holes and significant assays

Hole ID East North Drill
Type		 Azimuth Dip Depth No of
samples		 From To Width Grade
YRC1850AD
222234.5
777335.2
RC_DD
270
-60
678.4
2
0
8
8
0.93
YRC1850AD
222234.5
777335.2
RC_DD
270
-60
678.4
1
76
80
4
0.25
YRC1850AD
222234.5
777335.2
RC_DD
270
-60
678.4
9
604
612
8
2.64
Including
6
605
610
5
3.93
YRC1850AD
222234.5
777335.2
RC_DD
270
-60
678.4
7
625
632
7
2.52
Including
4
628
632
4
3.98
YRC1850AD
222234.5
777335.2
RC_DD
270
-60
678.4
6
635
641
6
0.44
YRC1850AD
222234.5
777335.2
RC_DD
270
-60
678.4
2
653
655
2
1.37
YRC1850AD
222234.5
777335.2
RC_DD
270
-60
678.4
9
661
668
7
0.52
YRC1852D
222180.68
777135.16
RC_DD
270
-60
633.9
1
24
28
4
0.38
YRC1852D
222180.68
777135.16
RC_DD
270
-60
633.9
1
96
100
4
0.29
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
1
0
4
4
0.29
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
1
16
20
4
0.32
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
1
24
28
4
0.22
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
1
32
36
4
0.26
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
2
177
179
2
0.51
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
3
193
196
3
1.87
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
2
231
233
2
0.3
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
4
247
251
4.05
0.22
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
6
264
270
6
0.4
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
2
347
349
2
0.32
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
4
356
360
4
0.88
YRC1854D
222102.52
776934.69
RC_DD
270
-55
541.7
4
489
493
4
0.69
YRC1855AD
221973.92
777435.47
RC_DD
270
-60
486.2
1
48
52
4
0.24
YRC1855AD
221973.92
777435.47
RC_DD
270
-60
486.2
3
442
445
3
0.31
YRC1855AD
221973.92
777435.47
RC_DD
270
-60
486.2
12
450.4
461.
5
11.1
3.39
Including
5
452
457
5
7.16
YRC1857D
221987.23
777535.06
RC_DD
270
-60
502.5
2
434
436
2
0.89
YRC1857D
221987.23
777535.06
RC_DD
270
-60
502.5
11
464
475
11
1.44
Including
6
464
470
6
2.32
YRC1858D
221978.02
777635.2
RC_DD
270
-60
528.1
3
473
476
3
1.17
YRC1858D
221978.02
777635.2
RC_DD
270
-60
528.1
11
479
487
8
2.22
Including
4
482
485
3
5.07
YRC1859D
221919.44
777734.92
RC_DD
270
-60
489.6
4
473
477
4
2.2
YRC1860D
222061.08
777735.27
RC_DD
270
-60
564.5
2
92
100
8
0.65
YRC1860D
222061.08
777735.27
RC_DD
270
-60
564.5
3
552
555
3
0.57
YRC1861D
222131.66
777635.59
RC_DD
270
-60
611.5
3
506
509
3
0.51
YRC1861D
222131.66
777635.59
RC_DD
270
-60
611.5
6
549
555
6
2.48
Including
2
550
552
2
6.9

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==> picture [110 x 35] intentionally omitted <==

Hole ID East North Drill
Type		 Azimuth Dip Depth No of
samples		 From To Width Grade
YRC1862D
222021.17
777234.97
RC_DD
270
-60
510.1
1
40
44
4
0.31
YRC1862D
222021.17
777234.97
RC_DD
270
-60
510.1
7
460
467
7
0.35
YRC1871D
222133.11
777535.1
RC_DD
270
-60
588.5
1
36
40
4
0.2
YRC1871D
222133.11
777535.1
RC_DD
270
-60
588.5
1
88
92
4
0.52
YRC1871D
222133.11
777535.1
RC_DD
270
-60
588.5
2
525
527
2
0.3
YRC1871D
222133.11
777535.1
RC_DD
270
-60
588.5
2
532
534
2
6.32
YRC1871D
222133.11
777535.1
RC_DD
270
-60
588.5
5
546
551
5
1.25
YRC1871D
222133.11
777535.1
RC_DD
270
-60
588.5
4
554
558
4
0.53
YRC2033D
222145.53
777432.85
RC_DD
270
-60
603.3
1
4
8
4
0.32
YRC2033D
222145.53
777432.85
RC_DD
270
-60
603.3
4
24
40
16
0.28
YRC2033D
222145.53
777432.85
RC_DD
270
-60
603.3
5
48
68
20
0.39
YRC2033D
222145.53
777432.85
RC_DD
270
-60
603.3
2
72
80
8
0.42
YRC2033D
222145.53
777432.85
RC_DD
270
-60
603.3
2
84
90
6
0.24
YRC2033D
222145.53
777432.85
RC_DD
270
-60
603.3
2
545
547
2
0.34
YRC2033D
222145.53
777432.85
RC_DD
270
-60
603.3
3
569.5
572
2.5
1
YRC2033D
222145.53
777432.85
RC_DD
270
-60
603.3
2
586
588
2
2.13
YRC2036D
222203.35
777735.18
RC_DD
270
-60
619.5
3
76
88
12
0.57
YRC2036D
222203.35
777735.18
RC_DD
270
-60
619.5
1
92
96
4
0.3
YRC2037D
222210.18
777534.99
RC_DD
270
-60
648.2
2
0
8
8
0.43

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APPENDIX 3 – JORC TABLE 1 – YAOURÉ EXPLORATION

JORC 2012 Table 1 – Section 1 sampling techniques and data

(Criteria in this section apply to all succeeding sections)

Criteria JORC Code Explanation Commentary
Sampling Nature and quality of sampling (e.g. cut Drilling to define underground resources at CMA Lode commenced in July
techniques channels, random chips, or specific 2021 and is ongoing at the date of the report to which this table refers. Drilling
specialised industry standard measurement completed in the period to 8 January 2022 comprises:
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc.).		 5,675 metres of RC drilling and 16,689 metres of core drilling in 78 completed
pre-collared diamond core holes, and
These examples should not be taken as 6.997 metres of RC drilling in 95 pre-collars drilled ahead of core drilling.
limiting the broad meaning of sampling.
Drilling to test down-dip of the CMA Lode Inferred resource commenced in
Include reference to measures taken to August 2021. Drilling completed in the period to 8 January 2022 comprises:
ensure sample representivity and the
appropriate calibration of any measurement 1,551 metres of RC drilling and 6,655 metres of core drilling in 16 completed
tools or systems used. pre-collared diamond core holes, and
Aspects of the determination of 1,622 metres of RC drilling in 18 pre-collars drilled ahead of core drilling.
mineralisation that are Material to the Public
Report. In cases where ‘industry standard’
work has been done this would be relatively
simple (e.g. ‘reverse circulation drilling was
used to obtain 1 m samples from which 3 kg
was pulverised to produce a 30 g charge for
fire assay’). In other cases more explanation
RC drilling used face-sampling hammers with 136mm hole diameter. Samples
were collected at one metre intervals and logged visually for recovery, sample
condition (dry, damp, wet) and contamination. Sample recoveries were
measured by weighing bulk recovered samples. RC samples from pre-collars
where mineralisation is not expected were normally composited to 4m
intervals for assaying.
may be required, such as where there is Diamond drilling utilised HQ triple-tube (61.1mm Ø) drilling in weathered
coarse gold that has inherent sampling materials and NQ2 (50.6mm Ø) or NQ (47.6mm Ø) core in fresh rock.
problems. Unusual commodities or
mineralisation types (e.g. submarine
nodules) may warrant disclosure of detailed
information.
Drilling Drill type (e.g. core, reverse circulation, RC drilling used face-sampling hammers with 136mm hole diameter. Samples
techniques open-hole hammer, rotary air blast, auger, were collected at one metre intervals. RC samples from pre-collars where
Bangka, sonic, etc.) and details (e.g. core mineralisation is not expected were normally composited to 4m intervals for
diameter, triple or standard tube, depth of assaying.
diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by
what method, etc.).		 Diamond drilling utilised HQ triple-tube (61.1mm Ø) drilling in weathered
materials and NQ2 (50.6mm Ø) or NQ (47.6mm Ø) core in fresh rock. Core in
fresh rock was oriented using a MAGSHOT II (Wellforce) and an ORISHOT II
(Reflex) device.
Drill sample
Method of recording and assessing core and		 RC drill samples were logged visually for sample condition (dry, damp, wet)
recovery chip sample recoveries and results assessed. and contamination. Sample recoveries were measured by weighing bulk
Measures taken to maximise sample
recovery and ensure representative nature of
the samples.
recovered samples. Preliminary evaluation indicates that RC sample
recoveries have been satisfactory. There were no wet samples logged in the
CMA UG RC pre-collar holes.
Whether a relationship exists between
sample recovery and grade and whether		 Diamond core recoveries were measured linearly per drill run. Core recoveries
average approximately 85% in weathered materials and 100% in fresh rock.
sample bias may have occurred due to The Competent Person considers that there are presently insufficient data
preferential loss/gain of fine/coarse available to permit a meaningful examination of potential relationships
material. between sample recovery and gold grade.
Logging Whether core and chip samples have been Geological logs are available for the entire lengths of all drill holes. The logging
geologically and geotechnically logged to a is qualitative in nature.
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.
Sieved samples of RC chips from each metre of drilling were logged for colour,
rock type, alteration type and intensity, vein quartz content, sulphide
mineralisation, weathering and oxidation. The chips are stored in plastic chip
Whether logging is qualitative or trays and the trays photographed.
quantitative in nature. Core (or costean,
channel, etc.) photography.		 Diamond drill core was logged for geology, structure and geotechnical
characteristics. Geological logging included colour, lithology, weathering,
The total length and percentage of the oxidation, vein type and vein volume percentage, sulphide species and their
relevant intersections logged. estimated percentage, alteration and alteration intensity. Structural logging
included fault, fold, cleavage and joint orientation, lithological contacts and
vein orientations. Drill core was photographed prior to cutting.

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Criteria JORC Code Explanation Commentary
Sub- If core, whether cut or sawn and whether RC drill samples were collected at drill sites over one metre intervals and
sampling quarter, half or all core taken. manually split using multi-stage riffle splitters to produce assay sub-samples
techniques averaging around 3kg. All RC holes have been assayed in entirety. RC samples
and sample from pre-collars where mineralisation is not expected were normally
preparation If non-core, whether riffled, tube sampled, composited to 4m intervals for assaying.
rotary split, etc. and whether sampled wet or
dry.
In weathered materials, diamond core was halved using spatulas or knives. In
fresh rock, core was sawn in half using a diamond blade saw, with one half
For all sample types, the nature, quality and sent for assaying and the other half stored in core trays for reference. Samples
appropriateness of the sample preparation were normally taken at 1 metre intervals. For CMA underground resource
technique. definition holes, only core intervals with visible alteration and mineralisation
plus approximately 10m up- and down-hole were sampled. For exploration
Quality control procedures adopted for all drill holes, all diamond drill core has been assayed.
sub-sampling stages to maximise
representivity of samples. All sample preparation has been undertaken at Perseus’s Yaouré sample
preparation facility operated and supervised by Perseus personnel.
Measures taken to ensure that the sampling
is representative of the in-situ material Preparation of core and RC samples followed a standard path of drying at 105
collected, including for instance results for degrees C for at least 12 hours, crushing the entire sample to 85% passing -
field duplicate/second-half sampling. 2mm and grinding a 1.5kg split to 85% passing 75 microns. 300g pulp
subsamples are selected by multiple scoop passes.
Whether sample sizes are appropriate to the
grain size of the material being sampled. Quality control measures adopted to confirm the representivity of samples
from RC and diamond drilling include:
•
Field re-splits of RC samples at an average frequency of around one
duplicate per 20 primary samples respectively.
•
Submission of coarse blanks at an average of around 1 blank per 20
primary samples
•
Use of quartz wash between every sample in crushing and pulverising
equipment
•
Screening of approximately 1:20 pulp samples to check grind size
Sample preparation techniques are considered appropriate to the style of
mineralisation. Available information indicates that sample sizes are
appropriate to the grain size of the material being sampled.
Quality of The nature, quality and appropriateness of All RC and diamond core samples have been assayed by 50g fire assay with
assay data the assaying and laboratory procedures used
AAS determination by Intertek Testing Services Ghana at their Tarkwa assay
and and whether the technique is considered laboratory or by Bureau Veritas at their Abidjan laboratory. The technique is
laboratory partial or total. considered a total extraction technique.
tests
For geophysical tools, spectrometers, Quality control procedures include submission of coarse blanks (1:20) and
handheld XRF instruments, etc., the certified reference standards (1:20).
parameters used in determining the analysis
including instrument make and model,
reading times, calibrations factors applied		 The available information indicates that the assaying of RC and core samples
is free from any significant biases and is of acceptable accuracy.
and their derivation, etc.
Nature of quality control procedures
adopted (e.g. standards, blanks, duplicates,
external laboratory checks) and whether
acceptable levels of accuracy (i.e. lack of
bias) and precision have been established.
Verification The verification of significant intersections by
Numerous significant mineralised intersections have been checked against
of sampling either independent or alternative company visual alteration and sulphide mineralisation in drill chips and core.
and
assaying		 personnel.
The use of twinned holes.		 None of the holes in the report to which this table relates have been
deliberately twinned.
Documentation of primary data, data entry Geology, structure and geotechnical logs are paper based. Sample intervals
procedures, data verification, data storage are recorded in pre-numbered sample ticket books. All logging, sample
(physical and electronic) protocols. interval and survey data are manually entered to digital form on site and
Discuss any adjustment to assay data. stored in an acQuire relational database. Data exports are normally in the
form of MS Access files.
Data verification procedures include automated checks to:

  • prevent repetition of sample numbers

  • • prevent overlap of from-to intervals in logging and sample interval data • ensure that total hole depths in collar, assay and geology tables match

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Criteria JORC Code Explanation Commentary
•
ensure that drill collar coordinates are within the project’s geographic
limits
Down-hole survey data are examined for large deviations in dip or azimuth
that may represent erroneous data or data entry errors and corrected on a
case-by-case basis including estimates of dips and azimuths where the original
data appear to be in error.
Additional data checks include viewing drill hole traces, geological logging and
assays in plan and section views.
Location of Accuracy and quality of surveys used to Drill hole collars have been surveyed by qualified mine surveyors using
data points
locate drill holes (collar and down-hole		 differential GPS equipment with coordinates recorded in UTM grid, WGS84
surveys), trenches, mine workings and other Zone 30N datum.
locations used in Mineral Resource
estimation. All RC and diamond core holes have been surveyed at 12m depth and at
approximately 30m down-hole increments using digital compass instruments.
Specification of the grid system used. A topographic surface has been established by a LiDAR survey conducted in
Quality and adequacy of topographic 2017. The topographic surface is reliable to +/- 0.2m.
control.
Topographic control is adequate for the current work being undertaken at
Yaouré.
Data Data spacing for reporting of Exploration The CMA Lode is delineated by regular drilling at 50mN x 25mE spaced holes
spacing Results. to between 150 and 200 metres below natural surface. Partial coverage at
and
distribution
Whether the data spacing and distribution is
sufficient to establish the degree of
geological and grade continuity appropriate		 50mN x 50mE spacing extends to between 200 and 275 metres below surface.
Holes have generally been drilled dipping at -55 to -75 degrees toward 270
degrees (UTM grid) azimuth.
for the Mineral Resource and Ore Reserve
estimation procedure(s) and classifications
applied.
Whether sample compositing has been
applied.
Orientation
Whether the orientation of sampling		 Drill holes are oriented approximately orthogonal to the dip and strike of the
of data in achieves unbiased sampling of possible CMA Lode. Drill intercept lengths closely approximate true widths of
relation to structures and the extent to which this is mineralisation.
geological
structure		 known, considering the deposit type. The relationship between drill intercept lengths and true widths of
If the relationship between the drilling mineralisation in the CMA East Seismic Target area is not known at the time of
orientation and the orientation of key this report.
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
Sample The measures taken to ensure sample RC and core samples were delivered to the secure core yard compound at
security security. Yaouré mine by Perseus personnel. RC field sample splits and samples of half
diamond core were placed in numbered bags and those bags, in turn, placed
into polywoven sacks that were closed with plastic cable ties prior to transport
to the Yaouré sample preparation facility by Perseus personnel. Security
guards were employed at drilling sites, the core yard compound and the
sample preparation facility on a 24 hour per day basis.
Results of field duplicates along with the general consistency of assay results
between neighbouring drill holes and drilling methods provide confidence in
the general reliability of the assay data.
Audits or The results of any audits or reviews of The Yaouré sample preparation facility has previously been subject to formal
reviews sampling techniques and data. audit, the last being in 2017. Standard operating procedures have not changed
materially since that audit.
The Competent Person has reviewed the available sampling and assaying
quality control data and found no errors or bias likely to significantly affect the
reliability of the exploration data. These reviews included review of database
consistency, comparisons between database records and laboratory source
files, and review of QAQC information.
The Competent Person considers that the sample preparation, security and
analytical procedures adopted for the CMA resource drilling provide an
adequate basis for the reporting of Exploration Results.

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JORC 2012 Table 1 – Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section)

Criteria
JORC Code explanation		 Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location
and ownership including agreements or
material issues with third parties such as
joint ventures, partnerships, overriding
royalties, native title interests, historical
sites, wilderness or national park and
environmental settings.
The security of the tenure held at the time
of reporting along with any known
impediments to obtaining a licence to
operate in the area.		 The drill holes discussed in the report to which this table relates are located
within the Yaouré exploitation permit (PE50). The permit has an expiry date
of 23 April 2030. The permit is held by Perseus’s subsidiary Perseus Mining
Yaouré SA in which the government of Côte d’Ivoire holds 10% free carried
interest. Additionally, the Government of Côte d’Ivoire is entitled to a royalty
on nett revenue (revenue minus transport and refining costs) as follows:
Spot price per ounce - London PM Fix
Royalty
Rate
Less than or equal to US$1,000
3%
Higher than US$1,000 and less than or equal to US$1,300
3.5%
Higher than US$1,300 and less than or equal to US$1,600
4%
Higher than US$1,600 and less than or equal to US$2,000
5%
Higher than US$2,000
6%
A further 0.5% of nett revenue is required to be paid to a local community
development fund.
The reported exploration areas have no known exploration-specific
environmental liabilities.
Exploration
done by other
parties
Acknowledgment and appraisal of
exploration by other parties.		 Exploration geochemical sampling, trenching and exploration and resource
definition drilling have previously been carried out by BRGM, Cluff and Amara.
Drill hole data deriving from work by Cluff and Amara are considered reliable.
Geology
Deposit type, geological setting and style
of mineralisation.		 Yaouré may be described as orogenic lode-style gold mineralisation. The
Yaouré project comprises two adjacent deposits, Yaouré and CMA, that occur
near the south-eastern flank of the Bouaflé greenstone belt in central Côte
d’Ivoire. Mineralisation is hosted by Paleoproterozoic aged metabasalts and
felsic intrusive rocks of the Birimian Supergroup. The rocks are
metamorphosed to lower greenschist facies and only locally feature
penetrative deformation fabrics.
In both deposits, gold is associated with disseminated pyrite. At CMA deposit,
mineralisation is associated with quartz-albite-carbonate veining in reverse
fault structures that dip at 25 to 35 degrees to the east. Yaouré deposit
comprises several mineralisation styles controlled by east-dipping structures,
similar to CMA, in addition to mineralisation associated with quartz-
tourmaline-chlorite-carbonate veining controlled by NE and NW striking, sub-
vertical faults and also stockwork quartz veins with associated alteration
selvages hosted by a granodiorite intrusive body.
The combined deposits extend over an area around 1.4 km east west by 2.1
km north-south.

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Criteria JORC Code explanation Commentary
Drill hole A summary of all information material to A table of drill hole and intercept details is included in the report to which this
Information the understanding of the exploration table relates.
results including a tabulation of the
following information for all Material drill
holes:
•
easting and northing of the drill
hole collar
•
elevation or RL (Reduced Level –
elevation above sea level in metres)
of the drill hole collar
•
dip and azimuth of the hole
•
down hole length and interception
depth
•
hole length.
If the exclusion of this information is
justified on the basis that the information
is not Material and this exclusion does not
detract from the understanding of the
report, the Competent Person should
clearly explain why this is the case.
Data In reporting Exploration Results, The cut-off grade, minimum down-hole length and maximum included
aggregation weighting averaging techniques, internal waste are clearly stated in the report to which this table relates.
methods maximum and/or minimum grade Higher-grade “included” intercepts are clearly reported.
truncations (e.g. cutting of high grades) Drill hole intercepts have not been reported as metal equivalents.
and cut-off grades are usually Material
and should be stated.
Where aggregate intercepts incorporate
short lengths of high-grade results and
longer lengths of low-grade results, the
procedure used for such aggregation
should be stated and some typical
examples of such aggregations should be
shown in detail.
The assumptions used for any reporting of
metal equivalent values should be clearly
stated.
Relationship These relationships are particularly The geometry of the CMA Lode has been clearly demonstrated by previous
between important in the reporting of Exploration drilling. The lengths of drill intercepts of that structure in the report to which
mineralization Results. this table relates closely approximate true widths.
widths and If the geometry of the mineralisation with
intercept respect to the drill hole angle is known, its The relationship between drill intercept lengths and true widths of
lengths nature should be reported. mineralisation in the CMA East Seismic Target is not known at the time of this
If it is not known and only the down hole report .
lengths are reported, there should be a
clear statement to this effect (e.g. ‘down
_hole length, true width not known’). _
Diagrams Appropriate maps and sections (with Appropriate plans and sections are included in the report to which this table
scales) and tabulations of intercepts relates.
should be included for any significant
discovery being reported These should
include, but not be limited to a plan view
of drill hole collar locations and
appropriate sectional views.
Balanced Where comprehensive reporting of all Holes that did not intercept significant mineralisation are shown on plans and
reporting Exploration Results is not practicable, cross-sections and “NSI” holes are included in tables of intercepts.
representative reporting of both low and
high grades and/or widths should be
practiced to avoid misleading reporting of
Exploration Results.

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Criteria JORC Code explanation Commentary Commentary
Other Other exploration data, if meaningful and The Yaouré property has been subject to extensive exploration, including:
substantive
exploration		 material, should be reported including
(but not limited to): geological		 • Soil sampling, surface mapping
data observations; geophysical survey results; • Approximately 300,000 metres of drilling
geochemical survey results; bulk samples
– size and method of treatment; • Previous mining by_Compagnie Miniere d’Afrique_(CMA) and Cluff
metallurgical test results; bulk density, Mining
groundwater, geotechnical and rock
characteristics; potential deleterious or		 • Airborne EM, gravity, radiometrics and magnetic surveys
contaminating substances. • 2D & 3D seismic surveys.
The CMA Lode is presently being exploited by open pit mining.
Further work The nature and scale of planned further Perseus intends to continue drilling at CMA to delineate an Indicated Mineral
work (e.g. tests for lateral extensions or Resource and to undertake such studies as are required to complete an
depth extensions or large-scale step-out economic evaluation of material that may be exploited by underground
drilling). mining.
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future
drilling areas, provided this information is
not commercially sensitive.

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