PERSEUS MINING LIMITED — Management Reports 2022

Jan 17, 2022

PERSEUS ACHIEVES NEAR-MINE EXPLORATION SUCCESS IN GHANA

**PERTH, Western Australia, January 18, 2022/**Perseus Mining Limited (ASX/TSX: PRU) is pleased to provide details of exploration success at its Edikan Gold Mine in Ghana during the December 2021 quarter.

HIGHLIGHTS

• Perseus has recorded further impressive drilling results at Nkosuo prospect on the Agyakusu Prospecting Licence, just seven kilometres from its Edikan Gold Mine in Ghana.
• Results continue to demonstrate strong potential for shallow, granite-hosted open-pitable gold resources, including:
  • NKS0034RC: 37m @ 1.49g/t Au from 3m
  • NKS0050RD: 60m @ 1.28g/t from 6m
  • NKS0037DD: 43m @ 1.79 g/t from 0m
  • NKS0050RD: 24m @ 2.04g/t Au from 6m
  • NKS0059RD: 37m @ 1.74 g/t Au from 8m
  • NKS0060RC: 51m @ 2.09 g/t Au from 20m
  • NKS0081RC: 46m @ 2.31g/t Au from 18m
  • NKS0086RD: 13m @ 4.18g/t Au from 1m & 54m @ 1.63g/t Au from 54m
  • NKS0091RD: 34m @ 1.3g/t Au from surface & 14m @ 2.17 g/t from 58m
  • NKS0092RD: 38m @ 1.83g/t Au from 38m & 24m @ 1.65g/t Au from 90m
  • NKS0102RD: 26m @ 1.55g/t Au from surface
  • NKS0117RC: 22m @ 3.92 g/t from 8m
  • NKS0120RC: 16m @ 4.17 g/t Au from 24m
• Results confirm Nkosuo hosts near-surface, granite-hosted gold mineralisation similar in style to that mined in Edikan's Fobinso and Abnabna ("AG") pits.
• Resource definition drilling is ongoing. Perseus expects to complete a maiden Mineral Resource estimate for Nkosuo early in the June 2022 quarter.
• Nkosuo discovery has the potential to extend Edikan's mine life beyond forecast end in FY2026-2027.

Perseus's Managing Director and CEO Jeff Quartermaine said:

"As Perseus moves closer to achieving our goal of producing 500,000 ounces of gold per year, we have turned our sights to finding ways of sustaining this level of gold production to the end of the decade and beyond.

"Our exploration programme at Nkosuo has returned impressive results that demonstrate this prospect's potential to add to Edikan's mine life, with further successful drilling. We are particularly encouraged by similarities between the Nkosuo deposit and the Fobinso and Abnabna deposits which we've already successfully developed, mined and processed at Edikan.

"While we are working towards completing a maiden Mineral Resource estimate for Nkosuo in the first half of CY2022, we intend to continue exploring on the Agyakusu, Agyakusu-DML and Domenase exploration licence areas, all of which are under option to Perseus and all of which are located within trucking distance of our Edikan mill."

NKOSUO EXPLORATION DRILLING

Results from Perseus's recent exploration activities adjacent to its Edikan Gold Mine (Edikan) in Ghana continue to confirm the outstanding potential to grow its gold inventory at Edikan through further drilling success.

Perseus secured an option to acquire the 23.85km2Agyakusu prospecting licence (Appendix 1 - Figure 1.1), currently held by Ghanaian company Adio-Mabas Ghana Ltd, in November 2019 (see ASX announcement 4 November 2019). Perseus subsequently conducted soil sampling and airborne geophysical surveys whilst negotiating access from farmers to drill the granite-hosted Nkosuo gold prospect. Perseus achieved access in June 2021, with drilling continuing uninterrupted since that date.

Perseus commenced exploration drilling at the Nkosuo prospect on the Agyakusu permit on 1 July 2021, with the first highly encouraging results being reported in our ASX release dated 13 October 2021. Since that date, Perseus had drilled a further 13,008 metres in 36 Reverse Circulation ("RC"), 5 diamond ("DD") holes and 46 RC pre-collared diamond holes ("RD"). Drilling has been conducted on a nominal 80 x 80 metre grid to scope out the extent and overall geometry of the host granite and contained mineralisation, partially infilled to 40 x 40 metres and locally to 40 x 20 metres. Results have continued to provide strong support for the presence of a shallow open-pitable gold resource within trucking distance of the Edikan mill.

Mineralisation at Nkosuo is hosted by a NNE-trending granitic plug extending at least 1,200 metres in strike, with widths ranging from around 120 metres in the northern part to up to 160 metres in the southern part. The northern part of the intrusive body is dislocated by a roughly NW-SE fault that offsets the northern 400 metres of the body ~160 metres to the northwest (Appendix 1 - Figure 1.2).

The strongest mineralisation is focused in the offset northern part of the intrusion and the northern central section of the southern part of the intrusion, gradually waning to the southwest. The granite body dips at around 700 to the west in the northern part of the intrusion, steepening to near vertical towards the south. Mineralisation within the granite consists of variably intense quartz stockwork veining with associated quartz-carbonate-sericite alteration. The veining and alteration are accompanied by 1-2% disseminated and selvage pyrite and arsenopyrite, with better gold grades generally associated with higher concentrations of arsenopyrite. The granite remains open to the south, with indications from surface workings that mineralisation may strengthen within the southern apex of the intrusion, analogous to the situation in the northern apex. Drilling to test this hypothesis is planned for the coming quarter.

Overall, the Nkosuo mineralisation bears strong similarities in style and scale to the western granite-hosted deposits at Edikan such as Fobinso and Abnabna.

Better intercepts from the Nkosuo drilling received between 13 October 2021 and 8 January 2022 are shown below in Table 1 and on Appendix 1 – Figure 2, with a complete summary included in Appendix 2 - Table 1. Representative sections are presented in Appendix 1 – Figures 1.3 to 1.5.

Table 1: Intercepts from Agyakusu Prospecting Licence - Nkosuo Prospect

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

Hole ID	From (m)	To (m)	Gold Intercept
NKS0024RD	125	127	2m @ 7.2 g/t
NKS0024RD	135	147	12m @ 0.91 g/t

2

Hole ID	From (m)	To (m)	Gold Intercept
NKS0024RD	157	169	12m @ 1.53 g/t
NKS0024RD	187	192	5m @ 1.29 g/t
NKS0024RD	201	207	6m @ 1.11 g/t
NKS0025RD	116	124	8m @ 1.15 g/t
NKS0025RD	140	159.1	19.1m @ 0.72 g/t
NKS0025RD	273	281.8	8.8m @ 1.07 g/t
NKS0034RC	3	40	37 @ 1.49 g/t
NKS0036RD	162	164	2m @ 6.27 g/t
NKS0036RD	284	292.65	8.7m @ 1.21 g/t
NKS0037DD	6.9	44	37.1m @ 2.05 g/t
NKS0037DD	48.6	60.15	11.6m @ 1.83 g/t
NKS0038DD	0	5.59	5.6m @ 1.26 g/t
NKS0040DD	13.3	28.3	15m @ 0.97 g/t
NKS0043RD	234.85	238.13	3.3m @ 3.15 g/t
NKS0044RD	18	24	6m @ 1.95 g/t
NKS0044RD	18	20	2m @ 4.06 g/t
NKS0044RD	28	40	12m @ 0.82 g/t
NKS0044RD	46	64	18m @ 0.65 g/t
NKS0046DD	0	23.9	23.9m @ 0.66 g/t
NKS0046DD	27.3	29.3	2m @ 3.29 g/t
NKS0047RD	12	28	16m @ 1.16 g/t
NKS0047RD	32	64	32m @ 0.89 g/t
NKS0048RD	68	70	2m @ 8.35 g/t
NKS0048RD	102	104	2m @ 3.58 g/t
NKS0048RD	250.5	253	2.5m @ 87.30 g/t
NKS0049RD	28	36	8m @ 1.31 g/t
NKS0049RD	46	50	4m @ 1.35 g/t
NKS0049RD	116	120	4m @ 2.05 g/t
NKS0050RD	6	30	24m @ 2.04 g/t
NKS0050RD	36	42	6m @ 1.51 g/t
NKS0050RD	56	66	10m @ 1.15 g/t
NKS0053RD	104	112	8m @ 1.07 g/t
NKS0059RD	0	4	4m @ 2.47 g/t
NKS0059RD	8	45	37m @ 1.74 g/t
NKS0060RC	20	71	51m @ 2.09 g/t

Hole ID	From (m)	To (m)	Gold Intercept
NKS0061RD	11	50	39m @ 0.98 g/t
NKS0061RD	64	69	5m @ 4.36 g/t
NKS0062RD	74	90	16m @ 1.08 g/t
NKS0063RC	40	52	12m @ 1.74 g/t
NKS0064RD	62	68	6m @ 2.40 g/t
NKS0064RD	82	87	5m @ 2.44 g/t
NKS0065RD	72	78	6m @ 1.62 g/t
NKS0065RD	116	120	4m @ 1.92 g/t
NKS0066RD	62	66	4m @ 2.62 g/t
NKS0066RD	82	92	10m @ 0.81 g/t
NKS0066RD	96	98	2m @ 4.64 g/t
NKS0067RD	46	54	8m @ 3.51 g/t
NKS0067RD	66	78	12m @ 1.31 g/t
NKS0067RD	94	110	16m @ 2.45 g/t
NKS0068RD	36	74	38m @ 0.8 g/t
NKS0068RD	84	106	22m @ 1.76 g/t
NKS0072RD	68	76	8m @ 1.68 g/t
NKS0076RD	2	6	4m @ 1.50 g/t
NKS0079DD	58	95.1	37m @ 0.89 g/t
NKS0079DD	115.3	128.33	13m @ 1.23 g/t
NKS0079DD	142.13	151.5	9.4m @ 2.93 g/t
NKS0081RC	4	8	4m @ 2.01 g/t
NKS0081RC	18	64	46m @ 2.31 g/t
NKS0081RC	86	98	12m @ 0.79 g/t
NKS0082RC	0	4	4m @ 25.8 g/t
NKS0082RC	30	50	20m @ 0.88 g/t
NKS0082RC	70	72	2m @ 3.77 g/t
NKS0083RC	20	66	46m @ 1.2 g/t
NKS0085RD	82	84	2m @ 5.28 g/t
NKS0085RD	96	108	12m @ 2.39 g/t
NKS0085RD	106	108	2m @ 5.4 g/t
NKS0086RD	1	14	13m @ 4.18 g/t
NKS0086RD	54	10854m @ 1.63 g/t
NKS0087RD	2	16	14m @ 1.15 g/t
NKS0087RD	24	30	6m @ 1.87 g/t

Hole ID	From (m)	To (m)	Gold Intercept
NKS0087RD	46	60	14m @ 1.21 g/t
NKS0087RD	66	86	20m @ 0.63 g/t
NKS0087RD	90	124	34m @ 0.96 g/t
NKS0088RD	10	28	18m @ 0.75 g/t
NKS0088RD	38	60	22m @ 0.89 g/t
NKS0091RD	0	34	34m @ 1.3 g/t
NKS0091RD	58	72	14m @ 2.17 g/t
NKS0091RD	106	128	22m @ 1.01 g/t
NKS0092RD	38	76	38m @ 1.83 g/t
NKS0092RD	80	86	6m @ 1.11 g/t
NKS0092RD	90	114	24m @ 1.65 g/t
NKS0093RC	10	22	12m @ 1.69 g/t
NKS0093RC	36	54	18m @ 1.64 g/t
NKS0093RC	62	72	10m @ 3.78 g/t
NKS0097RC	1	12	11m @ 1.23 g/t
NKS0097RC	20	42	22m @ 1.21 g/t
NKS0102RD	0	26	26m @ 1.55 g/t
NKS0102RD	60	62	2m @ 8.82 g/t
NKS0102RD	120	126	6m @ 2.49 g/t
NKS0103RC	0	28	28m @ 0.95 g/t
NKS0104RD	44	48	4m @ 5.51 g/t
NKS0104RD	52	84	32m @ 1.28 g/t
NKS0104RD	118	124	6m @ 1.69 g/t
NKS0104RD	142	148	6m @ 1.76 g/t
NKS0114RC	42	58	16m @ 0.77 g/t
NKS0114RC	64	76	12m @ 2.22 g/t
NKS0117RC	8	30	22m @ 3.92 g/t
NKS0120RC	24	40	16m @ 4.17 g/t
NKS0121RD	12	14	2m @ 6.99 g/t
NKS0121RD	28	42	14m @ 1.69 g/t
NKS0123RD	9	12	3m @ 6.97 g/t
NKS0123RD	24	42	18m @ 1.96 g/t
NKS0123RD	48	60	12m @ 2.42 g/t
NKS0124RD	18	24	6m @ 2.0 g/t

Results available to date from the Nkosuo drilling confirm the previously declared potential for an Exploration Target of 10 to 15 Mt grading 0.9 to 1.1 g/t gold for 275 to 500koz contained gold (ASX release dated 13 October 2021). Current indications are that the bulk of this resource will be at depths shallower than 150 metres.

The Exploration Target is conceptual in nature and takes no account of geological complexity, possible mining method or metallurgical recovery factors. The Exploration Target was estimated to enable an early assessment of the discovery's potential to add to Edikan's mine life

The potential quantity and grade of the Exploration Target is conceptual in nature and therefore is an approximation. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in estimation of a Mineral Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code and NI 43-101.

The Exploration Target is defined by:

• A wireframe of the host granite body used to limit the extent of interpreted mineralisation volume.
• Drill sample intervals composited to uniform 2 metre down-hole lengths with composite gold grades capped at 10g/t.
• Gold grades estimated by inverse distance squared weightings (IDW) into parent blocks with dimensions 20 metres east x 20 metres north x 10 metres elevation using a 50 metres east x 100 metres north x 100 metre elevation search ellipsoid with a minimum of four samples required to make an estimate.
• Estimates informed only by samples within the granite.
• Parent blocks sub-blocked against the granite wireframe and interpreted weathering surfaces using a minimum 5 metres east x 5 metres north x 2.5 metres elevation sub-block to reliably estimate the mineralisation volume.
• Densities for weathered, transition and fresh rock assumed to be 1.8, 2.1 and 2.7 tonnes per cubic metre.
• Sub-blocks grading greater than 0.4g/t gold and to a maximum vertical depth of approximately 170 metres.

NEXT STEPS

• Drilling now underway at Nkosuo will focus on extending 80 x 80 metres coverage to the southern limits of the granite, completing the 40 x 40 metres infill coverage and commencing systematic infill to 40 x 20 metresto support a Mineral Resource estimate to be undertaken in the June 2022 quarter.
• Metallurgical testwork has commenced and Perseus will complete geotechnical drilling to evaluate Ore Reserve potential early in the September Quarter of 2022.
• In anticipation that this work will lead to a positive outcome, the Company is in the process of exercising its option over the Agyakusu permit and has completed some baseline studies to meet the requirements of the ESIA process.
• Exploration more broadly at Edikan will investigate high-order prospects on the adjacent Agyakusu DML and Domenase permits where soil geochemical sampling has identified strong gold-in-soil anomalies associated with mineralised granites.

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

COMPETENT PERSON STATEMENT:

The information in this report and the attachments that relate to exploration drilling results and the Nkosuo Exploration Target on the Agyakusu permit 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, Edikan Gold Mine and 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

REGISTERED OFFICE:

Level 2 437 Roberts Road Subiaco WA 6008

Telephone: +61 8 6144 1700 Email: IR@perseusmining.com

ABN: 27 106 808 986

www.perseusmining.com

CONTACTS:

Jeff Quartermaine Managing Director & CEO jeff.quartermaine@perseusmining.com

Nathan Ryan Media Relations +61 4 20 582 887 nathan.ryan@nwrcommunications.com.au

Claire Hall Corporate Communications claire.hall@perseusmining.com

7

APPENDIX 1 - FIGURES

Figure 1.1: Edikan Gold Project – Regional Geology, Tenements and Prospects

8

Figure 1.2: Nkosuo Prospect – Drilling and Selected Results. Locations of Sections 1-3 shown.

Figure 1.3: Nkosuo Prospect – Drill Section 1 – 20,160N Local Grid

Figure 1.5: Nkosuo Prospect – Drill Section 3 - 19,920N Local Grid

APPENDIX 2 – SIGNIFICANT INTERCEPTS

Table 2.1: Nkosuo drill holes and significant assays

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	1	3	4	1	1.57
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	1	19	20	1	1.93
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	2	55	57	2	1.82
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	1	67.2	68	0.8	0.6
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	2	79	81	2	1.13
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	1	85	86	1	0.9
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	3	98.2	100	2.8	0.67
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	1	106	107	1	0.78
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	2	125	127	2	7.2
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	12	135	147	12	0.91
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	1	153.9	155	1.1	0.52
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	12	157	169	12	1.53
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	5	187	192	5	1.29
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	6	201	207	6	1.11
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	2	223	225	2	1.09
NKS0024RD	10878.43	20118.21	RD	119	-55	270.6	1	250.32	251.8	1.48	1.37
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	4	109	113	4	0.72
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	8	116	124	8	1.15
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	6	131	137	6	0.74
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	19	140	159.1	19.1	0.72
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	172	173	1	1.95
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	3	177	180.1	3.1	0.98
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	186	187	1	0.84
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	198	199	1	1.02
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	216	217.1	1.1	0.91
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	9	273	281.8	8.8	1.07
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	4	297.1	301	3.9	1.16
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	300	301	1	3.65
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	320	321	1	0.54
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	326	327	1	1.19
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	331	331.5	0.5	0.93
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	3	335	338	3	0.51
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	346	347	1	0.66
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	366	367	1	0.66
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	374.1	375.2	1.1	0.71
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	1	379	380.1	1.1	0.54
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	5	383.1	387.9	4.8	0.81
NKS0025RD	10921.06	19920.41	RD	119	-55	414.3	2	396	398.1	2.1	0.98
NKS0027RD	11033.98	19677.63	RD	119	-55	210.3	1	96	98	1	0.74
NKS0027RD	11033.98	19677.63	RD	119	-55	210.3	1	103	104	1	0.78
NKS0027RD	11033.98	19677.63	RD	119	-55	210.3	1	117	118	1	0.5
NKS0027RD	11033.98	19677.63	RD	119	-55	210.3	1	165	166.5	1.5	0.74
NKS0028RD	10915.46	19758.01	RD	119	-55	390.3	1	137	138.3	1.3	0.69

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0028RD	10915.46	19758.01	RD	119	-55	390.3	1	150	151.5	1.5	0.56
NKS0028RD	10915.46	19758.01	RD	119	-55	390.3	1	169	170.5	1.5	0.54
NKS0028RD	10915.46	19758.01	RD	119	-55	390.3	3	173.5	177.5	4	0.79
NKS0028RD	10915.46	19758.01	RD	119	-55	390.3	1	272	273	1	0.68
NKS0028RD	10915.46	19758.01	RD	119	-55	390.3	3	290	294	4	1.1
NKS0028RD	10915.46	19758.01	RD	119	-55	390.3	1	367	368	1	1.05
NKS0029RD	10999.04	19635.76	RD	119	-55	246.3	1	17	18	1	1.17
NKS0029RD	10999.04	19635.76	RD	119	-55	246.3	1	30	31	1	1.31
NKS0029RD	10999.04	19635.76	RD	119	-55	246.3	1	34	35	1	1.67
NKS0029RD	10999.04	19635.76	RD	119	-55	246.3	1	48	49	1	0.86
NKS0029RD	10999.04	19635.76	RD	119	-55	246.3	1	74	75	1	1.43
NKS0029RD	10999.04	19635.76	RD	119	-55	246.3	1	218.5	220	1.5	0.66
NKS0029RD	10999.04	19635.76	RD	119	-55	246.3	3	224.9	228	3.1	0.8
NKS0029RD	10999.04	19635.76	RD	119	-55	246.3	1	235	236	1	0.79
NKS0030RD	11035.32	19599.79	RD	119	-55	192.2	1	45	46	1	0.61
NKS0030RD	11035.32	19599.79	RD	119	-55	192.2	1	49	50	1	1.33
NKS0030RD	11035.32	19599.79	RD	119	-55	192.2	1	54	55	1	0.52
NKS0030RD	11035.32	19599.79	RD	119	-55	192.2	1	176.7	177.2	0.5	0.59
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	3	1	4	3	1.1
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	6	13	19	6	0.63
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	1	22	23	1	0.52
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	1	27	28	1	0.73
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	1	40	41	1	0.89
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	3	46	49	3	0.55
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	1	51	52	1	1
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	1	59	60	1	0.52
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	1	66	67	1	4.19
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	1	104.5	105.2	0.7	1.14
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	1	108.2	109.5	1.3	0.66
NKS0031RD	10997.39	19761.58	RD	119	-55	252.2	1	122.5	124	1.5	0.63
NKS0032RD	10998.27	19597.35	RC	119	-55	115	1	1	2	1	1.31
NKS0032RD	10998.27	19597.35	RC	119	-55	115	4	7	11	4	0.61
NKS0032RD	10998.27	19597.35	RC	119	-55	115	1	14	15	1	1.82
NKS0032RD	10998.27	19597.35	RC	119	-55	115	1	23	24	1	1.07
NKS0032RD	10998.27	19597.35	RC	119	-55	115	1	42	43	1	0.54
NKS0032RD	10998.27	19597.35	RC	119	-55	115	1	55	56	1	1.37
NKS0032RD	10998.27	19597.35	RC	119	-55	115	1	100	101	1	0.94
NKS0032RD	10998.27	19597.35	RC	119	-55	115	1	114	115	1	0.88
NKS0033RC	11113.34	19838.81	RC	119	-55	70	1	3	4	1	1.07
NKS0033RC	11113.34	19838.81	RC	119	-55	70	4	8	12	4	0.92
NKS0033RC	11113.34	19838.81	RC	119	-55	70	1	17	18	1	0.56
NKS0033RC	11113.34	19838.81	RC	119	-55	70	10	21	31	10	0.5
NKS0034RC	11115.02	19876.78	RC	119	-55	55	37	3	40	37	1.49
NKS0035RD	11075.02	19758.51	RD	119	-55	141.7	1	3	4	1	2.59
NKS0035RD	11075.02	19758.51	RD	119	-55	141.7	1	10	11	1	0.58
NKS0035RD	11075.02	19758.51	RD	119	-55	141.7	1	26	27	1	0.9

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0035RD	11075.02	19758.51	RD	119	-55	141.7	1	29	30	1	0.89
NKS0036RD	10842.27	19759.70	RD	119	-55	465	2	162	164	2	6.27
NKS0036RD	10842.27	19759.70	RD	119	-55	465	1	171	172	1	1
NKS0036RD	10842.27	19759.70	RD	119	-55	465	3	175	178	3	1.71
NKS0036RD	10842.27	19759.70	RD	119	-55	465	1	244	245	1	2.45
NKS0036RD	10842.27	19759.70	RD	119	-55	465	1	251	252.3	1.3	3.06
NKS0036RD	10842.27	19759.70	RD	119	-55	465	1	270	270.85	0.85	3.43
NKS0036RD	10842.27	19759.70	RD	119	-55	465	1	273	274	1	0.58
NKS0036RD	10842.27	19759.70	RD	119	-55	465	8	284	292.65	8.65	1.21
NKS0036RD	10842.27	19759.70	RD	119	-55	465	1	302.6	304	1.4	0.76
NKS0036RD	10842.27	19759.70	RD	119	-55	465	1	335.5	336.24	0.74	1.36
NKS0036RD	10842.27	19759.70	RD	119	-55	465	1	350	351	1	0.68
NKS0036RD	10842.27	19759.70	RD	119	-55	465	3	422	425	3	0.56
NKS0037DD	10959.31	20161.06	DD	119	-55	80.9	5	0	6	6	0.74
NKS0037DD	10959.31	20161.06	DD	119	-55	80.9	34	6.9	44	37.1	2.05
NKS0037DD	10959.31	20161.06	DD	119	-55	80.9	13	48.6	60.15	11.55	1.83
NKS0038DD	11012.27	20080.98	DD	119	-55	45.3	7	0	5.59	5.59	1.26
NKS0038DD	11012.27	20080.98	DD	119	-55	45.3	5	9.82	12.3	2.48	1.62
NKS0039DD	11037.19	20040.20	DD	119	-55	12.5	1	2.05	2.8	0.75	0.93
NKS0040DD	11020.69	20002.48	DD	119	-55	45	1	0	1.3	1.3	0.95
NKS0040DD	11020.69	20002.48	DD	119	-55	45	11	13.3	28.3	15	0.97
NKS0040DD	11020.69	20002.48	DD	119	-55	45	1	31.3	32.8	1.5	0.5
NKS0040DD	11020.69	20002.48	DD	119	-55	45	1	38.8	39.64	0.84	0.52
NKS0040DD	11020.69	20002.48	DD	119	-55	45	1	44	45	1	1.21
NKS0041DD	11035.62	19922.24	DD	119	-55	45.1	3	0	3.3	3.3	0.51
NKS0041DD	11035.62	19922.24	DD	119	-55	45.1	2	20.8	22.6	1.8	1.49
NKS0042RD	10835.13	19924.12	RD	119	-55	246.1	1	214.65	215.65	1	4.07
NKS0042RD	10835.13	19924.12	RD	119	-55	246.1	2	225	227	2	0.83
NKS0042RD	10835.13	19924.12	RD	119	-55	246.1	1	244	245	1	0.61
NKS0043RD	10959.8	19674.66	RD	119	-55	330.6	1	2	4	2	0.87
NKS0043RD	10959.88	19674.66	RD	119	-55	330.6	1	34	36	2	0.59
NKS0043RD	10959.88	19674.66	RD	119	-55	330.6	1	46	48	2	0.57
NKS0043RD	10959.88	19674.66	RD	119	-55	330.6	3	70	76	6	0.58
NKS0043RD	10959.88	19674.66	RD	119	-55	330.6	1	135.6	136.3	0.7	0.59
NKS0043RD	10959.88	19674.66	RD	119	-55	330.6	1	141.3	142.3	1	0.59
NKS0043RD	10959.88	19674.66	RD	119	-55	330.6	4	228.2	231.84	3.64	0.61
NKS0043RD	10959.88	19674.66	RD	119	-55	330.6	3	234.85	238.13	3.28	3.15
NKS0043RD	10959.88	19674.66	RD	119	-55	330.6	1	253.1	254.27	1.17	0.57
NKS0043RD	10959.88	19674.66	RD	119	-55	330.6	1	265	266	1	1.27
NKS0043RD	10959.88	19674.66	RD	119	-55	330.6	1	314.77	315.6	0.83	2.09
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	3	18	24	6	1.95
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	1	18	20	2	4.06
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	6	28	40	12	0.82
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	9	46	64	18	0.65
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	2	72	76	4	0.57
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	1	80	82	2	0.72

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	1	92	93	1	0.5
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	1	98.5	99	0.5	0.5
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	1	101	102	1	0.69
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	1	133	134	1	0.77
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	1	136	137	1	1.53
NKS0044RD	11037.62	19756.27	RD	119	-55	198.2	1	191.25	192	0.75	0.62
NKS0045RD	10963.9	19601.62	RD	119	-55	234	1	8	10	2	0.5
NKS0045RD	10963.9	19601.62	RD	119	-55	234	1	30	32	2	0.55
NKS0045RD	10963.9	19601.62	RD	119	-55	234	2	36	40	4	0.62
NKS0045RD	10963.9	19601.62	RD	119	-55	234	1	140.15	141.5	1.35	0.56
NKS0045RD	10963.9	19601.62	RD	119	-55	234	2	144.5	146	1.5	0.51
NKS0045RD	10963.9	19601.62	RD	119	-55	234	1	183.45	184.5	1.05	0.89
NKS0045RD	10963.9	19601.62	RD	119	-55	234	3	203	206	3	0.65
NKS0046DD	11017.85	19840.31	DD	119	-55	45.3	18	0	23.9	23.9	0.66
NKS0046DD	11017.85	19840.31	DD	119	-55	45.3	2	27.3	29.3	2	3.29
NKS0046DD	11017.85	19840.31	DD	119	-55	45.3	1	42	45.3	3.3	0.55
NKS0047RD	11077.35	19798.05	RD	119	-55	125.3	3	2	8	6	0.62
NKS0047RD	11077.35	19798.05	RD	119	-55	125.3	8	12	28	16	1.16
NKS0047RD	11077.35	19798.05	RD	119	-55	125.3	16	32	64	32	0.89
NKS0047RD	11077.35	19798.05	RD	119	-55	125.3	1	68	69	1	0.57
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	68	70	2	8.35
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	102	104	2	3.58
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	3	114	120	6	0.94
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	131.32	132	0.68	0.59
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	147.1	147.6	0.5	0.66
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	183	184	1	0.72
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	6	209	214.9	5.9	1.01
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	226	227	1	1.46
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	229	229.6	0.6	6.18
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	233.5	234.5	1	1.66
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	236	237	1	0.64
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	244.7	245.2	0.5	0.72
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	3	250.5	253	2.5	87.3
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	257	257.5	0.5	0.56
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	260	260.7	0.7	0.99
NKS0048RD	10916.56	19679.64	RD	119	-55	378.3	1	353.5	355	1.5	1.18
NKS0049RD	10957.08	19838.30	RD	119	-55	323	4	28	36	8	1.31
NKS0049RD	10957.08	19838.30	RD	119	-55	323	2	46	50	4	1.35
NKS0049RD	10957.08	19838.30	RD	119	-55	323	1	60	62	2	0.53
NKS0049RD	10957.08	19838.30	RD	119	-55	323	1	104	106	2	0.98
NKS0049RD	10957.08	19838.30	RD	119	-55	323	2	116	120	4	2.05
NKS0049RD	10957.08	19838.30	RD	119	-55	323	1	126	128	2	0.88
NKS0049RD	10957.08	19838.30	RD	119	-55	323	1	132	134	2	1.21
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	12	6	30	24	2.04
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	3	36	42	6	1.51
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	2	46	50	4	0.75

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	5	56	66	10	1.15
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	5	72	77	5	0.96
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	1	83	84	1	2.4
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	1	90	90.6	0.6	1.6
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	1	102	103	1	1.04
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	2	111	113	2	1.42
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	1	123.6	124.1	0.5	6.1
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	1	132.25	133	0.75	0.54
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	4	158	162	4	0.95
NKS0050RD	11035.07	19836.95	RD	119	-55	180.1	1	166.45	167.4	0.95	0.54
NKS0051RD	10998.13	19677.42	RCDD	119	-55	249.2					NSI
NKS0052RD*	11073.80	19676.61	RCDD	119	-55	159.1	1	100	102	2	0.62
NKS0053RD	11035.07	19836.95	RD	119	-55	312	2	56	60	4	0.88
NKS0053RD	11035.07	19836.95	RD	119	-55	312	1	70	72	2	1.87
NKS0053RD	10959.88	19674.66	RD	119	-55	312	4	104	112	8	1.07
NKS0053RD*	10959.88	19674.66	RD	119	-55	312	1	128	130	2	0.54
NKS0054RD	11036.39	19715.47	RD	119	-55	251.1	4	1	8	7	0.76
NKS0054RD	11036.39	19715.47	RD	119	-55	251.1	1	18	20	2	0.65
NKS0054RD	11036.39	19715.47	RD	119	-55	251.1	1	46	48	2	0.5
NKS0054RD*	11036.39	19715.47	RD	119	-55	251.1	1	66	68	2	0.62
NKS0055RD*	11032.26	19636.53	RD	119	-55	213					NSI
NKS0057RD	10957.68	19635.74	RD	119	-55	273.2	1	20	22	2	1.42
NKS0057RD	10957.68	19635.74	RD	119	-55	273.2	2	30	34	4	0.65
NKS0057RD	10957.68	19635.74	RD	119	-55	273.2	1	42	44	2	0.77
NKS0057RD	10957.68	19635.74	RD	119	-55	273.2	1	48	50	2	0.53
NKS0057RD*	10957.68	19635.74	RD	119	-55	273.2	1	64	66	2	0.72
NKS0058RD	10955.28	19714.11	RD	119	-55	303.2	1	36	38	2	0.78
NKS0058RD	10955.28	19714.11	RD	119	-55	303.2	1	68	70	2	1.31
NKS0058RD*	10955.28	19714.11	RD	119	-55	303.2	1	90	91	1	2.52
NKS0059RD	10957.68	19635.74	RD	119	-55	48	1	0	4	4	2.47
NKS0059RD*	10957.68	19635.74	RD	119	-55	48	18	8	45	37	1.74
NKS0060RC	10936.75	20180.10	RC	119	-55	62	29	20	71	51	2.09
NKS0061RD	10893.36	20157.38	RD	119	-55	171.1	20	11	50	39	0.98
NKS0061RD*	10893.36	20157.38	RD	119	-55	171.1	3	64	69	5	4.36
NKS0062RD	10857.38	20157.94	RD	119	-55	231	1	20	24	4	0.78
NKS0062RD	10857.38	20157.94	RD	119	-55	231	1	30	31	1	0.73
NKS0062RD*	10857.38	20157.94	RD	119	-55	231	8	74	90	16	1.08
NKS0063RC	11112.01	19721.23	RC	119	-55	66	1	18	20	2	0.92
NKS0063RC	11112.01	19721.23	RC	119	-55	66	1	24	26	2	1.09
NKS0063RC	11112.01	19721.23	RC	119	-55	66	1	32	34	2	0.98
NKS0063RC	11112.01	19721.23	RC	119	-55	66	6	40	52	12	1.74
NKS0064RD	10874.77	20137.64	RD	119	-55	225.1	1	4	6	2	1.39
NKS0064RD	10874.77	20137.64	RD	119	-55	225.1	1	10	12	2	2
NKS0064RD	10874.77	20137.64	RD	119	-55	225.1	3	62	68	6	2.4
NKS0064RD*	10874.77	20137.64	RD	119	-55	225.1	3	82	87	5	2.44
NKS0065RD	10957.63	19796.73	RD	119	-55	309	1	0	4	4	0.6

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0065RD	10957.63	19796.73	RD	119	-55	309	1	62	64	2	0.68
NKS0065RD	10957.63	19796.73	RD	119	-55	309	3	72	78	6	1.62
NKS0065RD	10957.63	19796.73	RD	119	-55	309	1	84	86	2	1.59
NKS0065RD	10957.63	19796.73	RD	119	-55	309	1	90	92	2	0.94
NKS0065RD*	10957.63	19796.73	RD	119	-55	309	2	116	120	4	1.92
NKS0066RD	10995.92	19796.99	RD	119	-55	237.3	2	32	36	4	0.92
NKS0066RD	10995.92	19796.99	RD	119	-55	237.3	1	50	52	2	0.5
NKS0066RD	10995.92	19796.99	RD	119	-55	237.3	2	62	66	4	2.62
NKS0066RD	10995.92	19796.99	RD	119	-55	237.3	1	76	78	2	0.57
NKS0066RD	10995.92	19796.99	RD	119	-55	237.3	5	82	92	10	0.81
NKS0066RD*	10995.92	19796.99	RD	119	-55	237.3	1	96	98	2	4.64
NKS0067RD	10954.10	19875.91	RD	119	-55	329.9	1	36	38	2	1.9
NKS0067RD	10954.10	19875.91	RD	119	-55	329.9	4	46	54	8	3.51
NKS0067RD	10954.10	19875.91	RD	119	-55	329.9	6	66	78	12	1.31
NKS0067RD	10954.10	19875.91	RD	119	-55	329.9	1	82	84	2	1.64
NKS0067RD	10954.10	19875.91	RD	119	-55	329.9	8	94	110	16	2.45
NKS0067RD*	10954.10	19875.91	RD	119	-55	329.9	1	115	117	2	0.55
NKS0068RD	11037.15	19876.94	RD	119	-55	207.3	1	1	2	1	0.67
NKS0068RD	11037.15	19876.94	RD	119	-55	207.3	5	6	16	10	0.59
NKS0068RD	11037.15	19876.94	RD	119	-55	207.3	19	36	74	38	0.8
NKS0068RD	11037.15	19876.94	RD	119	-55	207.3	1	78	80	2	0.61
NKS0068RD*	11037.15	19876.94	RD	119	-55	207.3	11	84	106	22	1.76
NKS0069RD	10918.09	19713.76	RD	119	-55	393.2	3	86	92	6	0.97
NKS0069RD*	10918.09	19713.76	RD	119	-55	393.2	1	98	100	2	0.57
NKS0070RD*	10916.41	19880.39	RD	119	-55	448					NSI
NKS0071RD*	10916.41	19880.39	RD	119	-55	363.5	1	40	44	4	1.02
NKS0072RD	11035.17	19914.27	RD	119	-55	231	5	42	52	10	0.81
NKS0072RD	11035.17	19914.27	RD	119	-55	231	2	58	62	4	0.76
NKS0072RD	11035.17	19914.27	RD	119	-55	231	4	68	76	8	1.68
NKS0072RD*	11035.17	19914.27	RD	119	-55	231	1	92	94	2	0.85
NKS0073RD	10916.41	19880.39	RD	119	-55	427.2	1	74	76	2	2.8
NKS0073RD*	10916.41	19880.39	RD	119	-55	427.2	1	88	90	2	2.06
NKS0074RD*	10879.52	19797.03	RD	119	-55	285.3					NSI
NKS0075RD*	10837.12	19879.27	RD	119	-55	495.2					NSI
NKS0076RD	10998.52	19714.18	RD	119	-55	273.1	2	2	6	4	1.5
NKS0076RD	10998.52	19714.18	RD	119	-55	273.1	2	12	16	4	0.69
NKS0076RD	10998.52	19714.18	RD	119	-55	273.1	1	24	26	2	0.76
NKS0076RD*	10998.52	19714.18	RD	119	-55	273.1	1	58	60	2	0.61
NKS0077RD	11030.35	19793.66	RD	119	-55	219.1	2	36	40	4	0.76
NKS0077RD	11030.35	19793.66	RD	119	-55	219.1	1	44	46	2	2.23
NKS0077RD	11030.35	19793.66	RD	119	-55	219.1	1	54	56	2	1.31
NKS0077RD	11030.35	19793.66	RD	119	-55	219.1	1	84	86	2	0.96
NKS0077RD	11030.35	19793.66	RD	119	-55	219.1	1	90	92	2	0.56
NKS0077RD	11030.35	19793.66	RD	119	-55	219.1	1	108	110	2	1.31
NKS0077RD*	11030.35	19793.66	RD	119	-55	219.1	2	114	118	4	0.74
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	1	0	1.2	1.2	0.57

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	6	11.3	16.6	5.3	0.88
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	1	24.1	24.39	0.29	1.97
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	1	27.1	27.6	0.5	0.62
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	2	36.6	37.91	1.31	0.96
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	4	50.28	54.9	4.62	1.3
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	36	58	95.1	37.1	0.89
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	13	115.3	128.33	13.03	1.23
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	3	133.1	137	3.9	0.66
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	8	142.13	151.5	9.37	2.93
NKS0079DD	11080.76	19911.51	DD	119	-55	168.3	1	154	155	1	0.84
NKS0081RC	11076.31	19874.16	RC	119	-55	114	2	4	8	4	2.01
NKS0081RC	11076.31	19874.16	RC	119	-55	114	1	12	14	2	0.72
NKS0081RC	11076.31	19874.16	RC	119	-55	114	16	18	64	46	2.31
NKS0081RC	11076.31	19874.16	RC	119	-55	114	2	78	82	4	0.87
NKS0081RC	11076.31	19874.16	RC	119	-55	114	6	86	98	12	0.79
NKS0081RC	11076.31	19874.16	RC	119	-55	114	1	102	106	4	0.7
NKS0082RC	11095.58	19855.67	RC	119	-55	78	2	0	4	4	25.8
NKS0082RC	11095.58	19855.67	RC	119	-55	78	2	10	14	4	0.7
NKS0082RC	11095.58	19855.67	RC	119	-55	78	10	30	50	20	0.88
NKS0082RC	11095.58	19855.67	RC	119	-55	78	4	60	68	8	0.83
NKS0082RC	11095.58	19855.67	RC	119	-55	78	1	70	72	2	3.77
NKS0083RC	11075.47	19856.28	RC	119	-55	108	4	3	11	8	0.91
NKS0083RC	11075.47	19856.28	RC	119	-55	108	23	20	66	46	1.2
NKS0083RC	11075.47	19856.28	RC	119	-55	108	1	86	88	2	0.51
NKS0083RC	11075.47	19856.28	RC	119	-55	108	1	94	96	2	0.56
NKS0084RD*	11054.32	19797.45	RD	119	-55	153.4	1	108	110	2	1.33
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	2	4	8	4	0.67
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	1	32	34	2	1.34
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	1	42	44	2	0.84
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	1	70	72	2	1.4
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	1	82	84	2	5.28
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	6	96	108	12	2.39
NKS0085RD*	10973.22	19797.97	RD	119	-55	288.2	1	106	108	2	5.4
NKS0086RD	11078.04	19938.14	RD	119	-55	213.6	7	1	14	13	4.18
NKS0086RD	11078.04	19938.14	RD	119	-55	213.6	4	18	26	8	0.83
NKS0086RD	11078.04	19938.14	RD	119	-55	213.6	27	32	36	4	0.66
NKS0086RD	11078.04	19938.14	RD	119	-55	213.6	2	40	44	4	1.13
NKS0086RD	11078.04	19938.14	RD	119	-55	213.6	2	48	50	2	0.73
NKS0086RD*	11078.04	19938.14	RD	119	-55	213.6	1	54	108	54	1.63
NKS0087RD	11036.71	19894.57	RD	119	-55	216.3	7	2	16	14	1.15
NKS0087RD	11036.71	19894.57	RD	119	-55	216.3	3	24	30	6	1.87
NKS0087RD	11036.71	19894.57	RD	119	-55	216.3	7	46	60	14	1.21
NKS0087RD	11036.71	19894.57	RD	119	-55	216.3	10	66	86	20	0.63
NKS0087RD*	11036.71	19894.57	RD	119	-55	216.3	17	90	124	34	0.96
NKS0088RD	11097.11	20000.10	RD	119	-55	127.1	3	0	6	6	0.93
NKS0088RD	11097.11	20000.10	RD	119	-55	127.1	9	10	28	18	0.75

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0088RD	11097.11	20000.10	RD	119	-55	127.1	1	32	34	2	0.95
NKS0088RD	11097.11	20000.10	RD	119	-55	127.1	11	38	60	22	0.89
NKS0090RC	11035.57	20017.78	RC	119	-55	36	1	8	10	2	1.58
NKS0091RD	11013.63	19995.30	RD	119	-55	282.3	17	0	34	34	1.3
NKS0091RD	11013.63	19995.30	RD	119	-55	282.3	1	44	46	2	1.04
NKS0091RD	11013.63	19995.30	RD	119	-55	282.3	1	50	52	2	1.14
NKS0091RD	11013.63	19995.30	RD	119	-55	282.3	7	58	72	14	2.17
NKS0091RD*	11013.63	19995.30	RD	119	-55	282.3	11	106	128	22	1.01
NKS0092RD	10933.02	20077.71	RD	119	-55	131.6	1	0	2	2	1.09
NKS0092RD	10933.02	20077.71	RD	119	-55	131.6	1	6	8	2	0.69
NKS0092RD	10933.02	20077.71	RD	119	-55	131.6	1	30	32	2	0.88
NKS0092RD	10933.02	20077.71	RD	119	-55	131.6	19	38	76	38	1.83
NKS0092RD	10933.02	20077.71	RD	119	-55	131.6	3	80	86	6	1.11
NKS0092RD*	10933.02	20077.71	RD	119	-55	131.6	12	90	114	24	1.65
NKS0093RC	10933.02	20077.71	RC	119	-55	78	6	10	22	12	1.69
NKS0093RC	10933.02	20077.71	RC	119	-55	78	9	36	54	18	1.64
NKS0093RC	10978.41	20099.35	RC	119	-55	78	7	62	72	10	3.78
NKS0095RD	10874.54	20075.53	RD	119	-55	213.1	1	12	14	2	1.01
NKS0095RD	10874.54	20075.53	RD	119	-55	213.1	2	30	34	4	0.63
NKS0095RD	10874.54	20075.53	RD	119	-55	213.1	1	44	46	2	0.72
NKS0095RD*	10874.54	20075.53	RD	119	-55	213.1	1	50	52	2	1.05
NKS0097RC	10995.09	19997.72	RC	299	-50	94	6	1	12	11	1.23
NKS0097RC	10995.09	19997.72	RC	299	-50	94	11	20	42	22	1.21
NKS0097RC	10995.09	19997.72	RC	299	-50	94	1	64	65	1	0.5
NKS0101RC	11074.49	19717.74	RC	119	-55	133	1	20	22	2	2.38
NKS0101RC	11074.49	19717.74	RC	119	-55	133	1	14	16	2	0.52
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	13	0	26	26	1.55
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	48	50	2	1.28
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	54	56	2	0.88
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	60	62	2	8.82
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	2	82	86	4	0.89
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	90	92	2	1.4
NKS0102RD*	10973.58	19837.31	RD	119	-55	294.2	1	102	104	2	0.75
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	3	120	126	6	2.49
NKS0103RC	11112.95	19915.23	RC	119	-55	97	14	0	28	28	0.95
NKS0103RC	11112.95	19915.23	RC	119	-55	97	4	32	40	8	0.71
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	2	44	48	4	5.51
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	16	52	84	32	1.28
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	1	88	90	2	1.03
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	2	98	102	4	0.67
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	3	118	124	6	1.69
NKS0104RD*	11052.99	19916.20	RD	119	-55	192.2	3	142	148	6	1.76
NKS0105RD*	11052.07	19755.88	RD	119	-55	183.1					NSI
NKS0106RD	10974.63	19760.15	RD	119	-55	275.8	1	58	60	2	1.07
NKS0106RD	10974.63	19760.15	RD	119	-55	275.8	1	98	100	2	0.56
NKS0106RD	10974.63	19760.15	RD	119	-55	275.8	1	102	104	2	0.78

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0113RC	10918.56	20179.69	RC	28.5	-50	80					NSI
NKS0114RC	11157.48	20036.38	RC	208	-50	80	1	36	38	2	0.98
NKS0114RC	11157.48	20036.38	RC	208	-50	80	8	42	58	16	0.77
NKS0114RC	11157.48	20036.38	RC	208	-50	80	6	64	76	12	2.22
NKS0114RC	11157.48	20036.38	RC	208	-50	80	1	78	80	2	0.77
NKS0115RC	11158.99	20078.32	RC	208	-50	75	1	74	75	1	2.64
NKS0117RC	10898.72	20130.51	RC	28.5	-50	100	11	8	30	22	3.92
NKS0117RC	10898.72	20130.51	RC	28.5	-50	100	1	64	65	1	1.33
NKS0118RC	11078.88	20075.19	RC	208	-50	120	4	66	74	8	1.07
NKS0118RC	11078.88	20075.19	RC	208	-50	120	7	78	92	14	1
NKS0118RC	11078.88	20075.19	RC	208	-50	120	2	112	116	4	1.64
NKS0120RC	10918.25	20158.78	RC	28	-50	110	4	24	40	16	4.17
NKS0121RD	10892.72	20076.69	RD	119	-55	174.2	1	6	8	2	0.59
NKS0121RD	10892.72	20076.69	RD	119	-55	174.2	1	12	14	2	6.99
NKS0121RD	10892.72	20076.69	RD	119	-55	174.2	7	28	42	14	1.69
NKS0123RC	10956.18	20156.95	RC	119	-55	78	2	9	12	3	6.97
NKS0123RC	10956.18	20156.95	RC	119	-55	78	9	24	42	18	1.96
NKS0123RC	10956.18	20156.95	RC	119	-55	78	6	48	60	12	2.42
NKS0124RD	10854.04	20074.96	RD	119	-55	242.4	1	4	6	2	0.53
NKS0124RD	10854.04	20074.96	RD	119	-55	242.4	3	18	24	6	2
NKS0124RD	10854.04	20074.96	RD	119	-55	242.4	2	64	68	4	1.65
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	1	32	34	2	1.34
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	1	42	44	2	0.84
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	1	70	72	2	1.4
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	1	82	84	2	5.28
NKS0085RD	10973.22	19797.97	RD	119	-55	288.2	6	96	108	12	2.39
NKS0085RD*	10973.22	19797.97	RD	119	-55	288.2	1	106	108	2	5.4
NKS0086RD	11078.04	19938.14	RD	119	-55	213.6	7	1	14	13	4.18
NKS0086RD	11078.04	19938.14	RD	119	-55	213.6	4	18	26	8	0.83
NKS0086RD	11078.04	19938.14	RD	119	-55	213.6	27	32	36	4	0.66
NKS0086RD	11078.04	19938.14	RD	119	-55	213.6	2	40	44	4	1.13
NKS0086RD	11078.04	19938.14	RD	119	-55	213.6	2	48	50	2	0.73
NKS0086RD*	11078.04	19938.14	RD	119	-55	213.6	1	54	108	54	1.63
NKS0087RD	11036.71	19894.57	RD	119	-55	216.3	7	2	16	14	1.15
NKS0087RD	11036.71	19894.57	RD	119	-55	216.3	3	24	30	6	1.87
NKS0087RD	11036.71	19894.57	RD	119	-55	216.3	7	46	60	14	1.21
NKS0087RD	11036.71	19894.57	RD	119	-55	216.3	10	66	86	20	0.63
NKS0087RD*	11036.71	19894.57	RD	119	-55	216.3	17	90	124	34	0.96
NKS0088RD	11097.11	20000.10	RD	119	-55	127.1	3	0	6	6	0.93
NKS0088RD	11097.11	20000.10	RD	119	-55	127.1	9	10	28	18	0.75
NKS0088RD	11097.11	20000.10	RD	119	-55	127.1	1	32	34	2	0.95
NKS0088RD	11097.11	20000.10	RD	119	-55	127.1	11	38	60	22	0.89
NKS0090RC	11035.57	20017.78	RC	119	-55	36	1	8	10	2	1.58
NKS0091RD	11013.63	19995.30	RD	119	-55	282.3	17	0	34	34	1.3
NKS0091RD	11013.63	19995.30	RD	119	-55	282.3	1	44	46	2	1.04
NKS0091RD	11013.63	19995.30	RD	119	-55	282.3	1	50	52	2	1.14

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0091RD	11013.63	19995.30	RD	119	-55	282.3	7	58	72	14	2.17
NKS0091RD*	11013.63	19995.30	RD	119	-55	282.3	11	106	128	22	1.01
NKS0092RD	10933.02	20077.71	RD	119	-55	131.6	1	0	2	2	1.09
NKS0092RD	10933.02	20077.71	RD	119	-55	131.6	1	6	8	2	0.69
NKS0092RD	10933.02	20077.71	RD	119	-55	131.6	1	30	32	2	0.88
NKS0092RD	10933.02	20077.71	RD	119	-55	131.6	19	38	76	38	1.83
NKS0092RD	10933.02	20077.71	RD	119	-55	131.6	3	80	86	6	1.11
NKS0092RD*	10933.02	20077.71	RD	119	-55	131.6	12	90	114	24	1.65
NKS0093RC	10933.02	20077.71	RC	119	-55	78	6	10	22	12	1.69
NKS0093RC	10933.02	20077.71	RC	119	-55	78	9	36	54	18	1.64
NKS0093RC	10978.41	20099.35	RC	119	-55	78	7	62	72	10	3.78
NKS0095RD	10874.54	20075.53	RD	119	-55	213.1	1	12	14	2	1.01
NKS0095RD	10874.54	20075.53	RD	119	-55	213.1	2	30	34	4	0.63
NKS0095RD	10874.54	20075.53	RD	119	-55	213.1	1	44	46	2	0.72
NKS0095RD*	10874.54	20075.53	RD	119	-55	213.1	1	50	52	2	1.05
NKS0097RC	10995.09	19997.72	RC	299	-50	94	6	1	12	11	1.23
NKS0097RC	10995.09	19997.72	RC	299	-50	94	11	20	42	22	1.21
NKS0097RC	10995.09	19997.72	RC	299	-50	94	1	64	65	1	0.5
NKS0101RC	11074.49	19717.74	RC	119	-55	133	1	20	22	2	2.38
NKS0101RC	11074.49	19717.74	RC	119	-55	133	1	14	16	2	0.52
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	13	0	26	26	1.55
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	48	50	2	1.28
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	54	56	2	0.88
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	60	62	2	8.82
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	2	82	86	4	0.89
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	90	92	2	1.4
NKS0102RD*	10973.58	19837.31	RD	119	-55	294.2	1	102	104	2	0.75
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	3	120	126	6	2.49
NKS0103RC	11112.95	19915.23	RC	119	-55	97	14	0	28	28	0.95
NKS0103RC	11112.95	19915.23	RC	119	-55	97	4	32	40	8	0.71
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	2	44	48	4	5.51
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	16	52	84	32	1.28
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	1	88	90	2	1.03
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	2	98	102	4	0.67
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	3	118	124	6	1.69
NKS0104RD*	11052.99	19916.20	RD	119	-55	192.2	3	142	148	6	1.76
NKS0105RD*	11052.07	19755.88	RD	119	-55	183.1					NSI
NKS0106RD	10974.63	19760.15	RD	119	-55	275.8	1	58	60	2	1.07
NKS0106RD	10974.63	19760.15	RD	119	-55	275.8	1	98	100	2	0.56
NKS0106RD	10974.63	19760.15	RD	119	-55	275.8	1	102	104	2	0.78
NKS0113RC	10918.56	20179.69	RC	28.5	-50	80					NSI
NKS0114RC	11157.48	20036.38	RC	208	-50	80	1	36	38	2	0.98
NKS0114RC	11157.48	20036.38	RC	208	-50	80	8	42	58	16	0.77
NKS0114RC	11157.48	20036.38	RC	208	-50	80	6	64	76	12	2.22
NKS0114RC	11157.48	20036.38	RC	208	-50	80	1	78	80	2	0.77
NKS0115RC	11158.99	20078.32	RC	208	-50	75	1	74	75	1	2.64

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0117RC	10898.72	20130.51	RC	28.5	-50	100	11	8	30	22	3.92
NKS0117RC	10898.72	20130.51	RC	28.5	-50	100	1	64	65	1	1.33
NKS0118RC	11078.88	20075.19	RC	208	-50	120	4	66	74	8	1.07
NKS0118RC	11078.88	20075.19	RC	208	-50	120	7	78	92	14	1
NKS0118RC	11078.88	20075.19	RC	208	-50	120	2	112	116	4	1.64
NKS0120RC	10918.25	20158.78	RC	28	-50	110	4	24	40	16	4.17
NKS0121RD	10892.72	20076.69	RD	119	-55	174.2	1	6	8	2	0.59
NKS0121RD	10892.72	20076.69	RD	119	-55	174.2	1	12	14	2	6.99
NKS0121RD	10892.72	20076.69	RD	119	-55	174.2	7	28	42	14	1.69
NKS0123RC	10956.18	20156.95	RC	119	-55	78	2	9	12	3	6.97
NKS0123RC	10956.18	20156.95	RC	119	-55	78	9	24	42	18	1.96
NKS0123RC	10956.18	20156.95	RC	119	-55	78	6	48	60	12	2.42
NKS0124RD	10854.04	20074.96	RD	119	-55	242.4	1	4	6	2	0.53
NKS0124RD	10854.04	20074.96	RD	119	-55	242.4	3	18	24	6	2
NKS0124RD	10854.04	20074.96	RD	119	-55	242.4	2	64	68	4	1.65
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	48	50	2	1.28
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	54	56	2	0.88
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	60	62	2	8.82
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	2	82	86	4	0.89
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	1	90	92	2	1.4
NKS0102RD*	10973.58	19837.31	RD	119	-55	294.2	1	102	104	2	0.75
NKS0102RD	10973.58	19837.31	RD	119	-55	294.2	3	120	126	6	2.49
NKS0103RC	11112.95	19915.23	RC	119	-55	97	14	0	28	28	0.95
NKS0103RC	11112.95	19915.23	RC	119	-55	97	4	32	40	8	0.71
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	2	44	48	4	5.51
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	16	52	84	32	1.28
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	1	88	90	2	1.03
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	2	98	102	4	0.67
NKS0104RD	11052.99	19916.20	RD	119	-55	192.2	3	118	124	6	1.69
NKS0104RD*	11052.99	19916.20	RD	119	-55	192.2	3	142	148	6	1.76
NKS0105RD*	11052.07	19755.88	RD	119	-55	183.1					NSI
NKS0106RD	10974.63	19760.15	RD	119	-55	275.8	1	58	60	2	1.07
NKS0106RD	10974.63	19760.15	RD	119	-55	275.8	1	98	100	2	0.56
NKS0106RD*	10974.63	19760.15	RD	119	-55	275.8	1	102	104	2	0.78
NKS0113RC	10918.56	20179.69	RC	28.5	-50	80					NSI
NKS0114RC	11157.48	20036.38	RC	208	-50	80	1	36	38	2	0.98
NKS0114RC	11157.48	20036.38	RC	208	-50	80	8	42	58	16	0.77
NKS0114RC	11157.48	20036.38	RC	208	-50	80	6	64	76	12	2.22
NKS0114RC	11157.48	20036.38	RC	208	-50	80	1	78	80	2	0.77
NKS0115RC	11158.99	20078.32	RC	208	-50	75	1	74	75	1	2.64
NKS0117RC	10898.72	20130.51	RC	28.5	-50	100	11	8	30	22	3.92
NKS0117RC	10898.72	20130.51	RC	28.5	-50	100	1	64	65	1	1.33
NKS0118RC	11078.88	20075.19	RC	208	-50	120	4	66	74	8	1.07
NKS0118RC	11078.88	20075.19	RC	208	-50	120	7	78	92	14	1
NKS0118RC	11078.88	20075.19	RC	208	-50	120	2	112	116	4	1.64
NKS0120RC	10918.25	20158.78	RC	28	-50	110	4	24	40	16	4.17

Hole ID	East(mE)	North(mN)	Drill Type	Azimuth(°)	Dip(°)	Depth(m)	No ofsamples	From(m)	To(m)	Width(m)	Grade(g/t)
NKS0121RD	10892.72	20076.69	RD	119	-55	174.2	1	6	8	2	0.59
NKS0121RD	10892.72	20076.69	RD	119	-55	174.2	1	12	14	2	6.99
NKS0121RD*	10892.72	20076.69	RD	119	-55	174.2	7	28	42	14	1.69
NKS0123RC	10956.18	20156.95	RC	119	-55	78	2	9	12	3	6.97
NKS0123RC	10956.18	20156.95	RC	119	-55	78	9	24	42	18	1.96
NKS0123RC	10956.18	20156.95	RC	119	-55	78	6	48	60	12	2.42

* Partial assays received RC portion only.

* RC chips ended in mineralisation; partial assays received for RC portion only.

APPENDIX 3: JORC TABLE 1 – NKOSUO PROPERTY

JORC 2012 Table 1 – Section 1 sampling techniques and data

(Criteria in this section apply to all succeeding sections)

Commentary

Criteria	JORC Code Explanation	Commentary
Samplingtechniques	Nature and quality of sampling (e.g. cutchannels, random chips, or specificspecialised industry standard measurementtools appropriate to the minerals underinvestigation, such as down hole gamma	Other than for soil sampling and an airborne EM-magnetics-radiometricssurvey conducted in 2020 there has been no previous mineral exploration atNkosuo. The presence of gold mineralisation was first revealed by artisanalminers in 2019. Perseus commenced drilling in July 2021. Drilling completed1 October 2021 to the end of 31 December 2021 is tabulated below.
	sondes, or handheld XRF instruments, etc.).These examples should not be taken as	Drilling Type	No. Holes	RC metres	DD metres
	limiting the broad meaning of sampling.	RC	13	1,133.00	0.00
	Include reference to measures taken toensure sample representivity and the	Pre-collared DD	26	2,665.30	3,451.80
	appropriate calibration of any measurement	DD from surface	8	0.00	551.00
	tools or systems used.	Totals	47	3,798.30	4,002.80
	Aspects of the determination ofmineralisation that are Material to the PublicReport. In cases where 'industry standard'work has been done this would be relativelysimple (e.g. 'reverse circulation drilling wasused to obtain 1 m samples from which 3 kgwas pulverised to produce a 30 g charge forfire assay'). In other cases more explanationmay be required, such as where there iscoarse gold that has inherent samplingproblems. Unusual commodities ormineralisation types (e.g. submarinenodules) may warrant disclosure of detailedinformation.	RC drilling used face-sampling hammers with 136mm hole diameter. Sampleswere collected at one metre intervals and logged visually for recovery, samplecondition (dry, damp, wet) and contamination. Sample recoveries weremeasured by weighing bulk recovered samples.Diamond drilling utilised HQ triple-tube (61.1mm Ø) drilling in weatheredmaterials and NQ2 (50.6mm Ø) diameter core in fresh rock. Diamond corerecoveries were measured linearly per drill run. Core recoveries average 70%in weathered materials and 100% in fresh rock.
Drillingtechniques	Drill type (e.g. core, reverse circulation, openhole hammer, rotary air blast, auger,Bangka, sonic, etc.) and details (e.g. corediameter, triple or standard tube, depth ofdiamond tails, face-sampling bit or othertype, whether core is oriented and if so, bywhat method, etc.).	RC drilling used face-sampling hammers with 136mm hole diameter. Sampleswere collected at one metre intervals.Diamond drilling utilised HQ triple-tube (61.1mm Ø) drilling in weatheredmaterials and NQ2 (50.6mm Ø) diameter core in fresh rock. Core in fresh rockwas oriented using a "Reflex ACT II" device.
Drill samplerecovery	Method of recording and assessing core andchip sample recoveries and results assessed.Measures taken to maximise samplerecovery and ensure representative nature ofthe samples.Whether a relationship exists betweensample recovery and grade and whethersample bias may have occurred due to	RC drill samples were logged visually for recovery, sample condition (dry,damp, wet) and contamination.Sample recoveries were measured byweighing bulk recovered samples. Preliminary evaluation indicates that RCsample recoveries have averaged 19.3kg in weathered material and 29.3kg infresh rock. 64 samples (3%) have been logged as being wetDiamond core recoveries were measured linearly per drill run. Core recoveriesaverage 70% in weathered materials and 100% in fresh rock.The Competent Person considers that there are presently insufficient data
	preferential loss/gain of fine/coarsematerial.	available to permit a meaningful examination of potential relationshipsbetween sample recovery and gold grade.
Logging	Whether core and chip samples have beengeologically and geotechnically logged to alevel of detail to support appropriate MineralResource estimation, mining studies andmetallurgical studies.Whether logging is qualitative orquantitative in nature. Core (or costean,channel, etc.) photography.The total length and percentage of therelevant intersections logged.	Geological logs are available for the entire lengths of all drill holes. The loggingis qualitative in nature.Sieved samples of RC chips from each metre of drilling were logged for colour,rock type, alteration type and intensity, vein quartz content, sulphidemineralisation, weathering and oxidation. The chips are stored in plastic chiptrays and the trays photographed.Diamond drill core was logged for geology, structure and geotechnicalcharacteristics. Geological logging included colour, lithology, weathering,oxidation, vein type and vein volume percentage, sulphide species and theirestimated percentage, alteration and alteration intensity. Structural loggingincluded fault, fold, cleavage and joint orientation, lithological contacts and

vein orientations. Drill core was photographed prior to cutting.

Criteria	JORC Code Explanation	Commentary
Subsamplingtechniques	If core, whether cut or sawn and whetherquarter, half or all core taken.	RC drill samples were collected at drill sites over one metre intervals andmanually split using multi-stage riffle splitters to produce assay sub-samplesaveraging around 3kg. All RC holes have been assayed in entirety.
and samplepreparation	If non-core, whether riffled, tube sampled,rotary split, etc. and whether sampled wet ordry.	In weathered materials, diamond core was halved using spatulas or knives. Infresh rock, core was sawn in half using a diamond blade saw, with one halfsent for assaying and the other half stored in core trays for reference. Sampleswere normally taken at 1 metre intervals. All diamond drill core has been
	For all sample types, the nature, quality andappropriateness of the sample preparationtechnique.	assayed.Preparation of core and RC samples followed a standard path of drying at 105degrees C for at least 12 hours, crushing the entire sample to 85% passing -
	Quality control procedures adopted for allsub-sampling stages to maximiserepresentivity of samples.	2mm and grinding a 1.5kg split to 85% passing 75 microns. 300g pulpsubsamples are selected by multiple scoop passes.
	Measures taken to ensure that the sampling	Quality control measures adopted to confirm the representivity of samplesfrom RC and diamond drilling include:
	is representative of the in-situ materialcollected, including for instance results forfield duplicate/second-half sampling.	•Field re-splits of RC samples at an average frequency of around oneduplicate per 20 primary samples respectively.
	Whether sample sizes are appropriate to the	•Submission of coarse blanks at an average of around 1 blank per 20primary samples
	grain size of the material being sampled.	•Use of pressurised air between every sample in crushing and pulverisingequipment and quartz wash/prep blank every 25th sample
		•Screening of approximately 1:20 crushed and pulp samples to checkgrind size
		Sample preparation techniques are considered appropriate to the style ofmineralisation.Available information indicates that sample sizes areappropriate to the grain size of the material being sampled.
Quality ofassay dataand	The nature, quality and appropriateness ofthe assaying and laboratory procedures usedand whether the technique is considered	All RC and diamond core samples have been assayed by 50g fire assay withAAS determination by Intertek Testing Services Ghana at their Tarkwa assaylaboratory. The technique is considered a total extraction technique.
laboratorytests	partial or total.For geophysical tools, spectrometers,	Quality control procedures include submission of coarse blanks (1:20) andcertified reference standards (1:20).
	handheld XRF instruments, etc., theparameters used in determining the analysisincluding instrument make and model,reading times, calibrations factors appliedand their derivation, etc.	The available information indicates that the assaying of RC and core samplesis free from any significant biases and is of acceptable accuracy.
	Nature of quality control procedures adopted(e.g. standards, blanks, duplicates, externallaboratory checks) and whether acceptablelevels of accuracy (i.e. lack of bias) andprecision have been established.
Verificationof sampling	The verification of significant intersections byeither independent or alternative company	Numerous significant mineralised intersections have been checked againstvisual alteration and sulphide mineralisation in drill chips and core.
andassaying	personnel.	No holes have been deliberately twinned.
	The use of twinned holes.Documentation of primary data, data entryprocedures, data verification, data storage(physical and electronic) protocols.	Geology, structure and geotechnical logs are paper based. Sample intervalsare recorded in pre-numbered sample ticket books. All logging, sampleinterval and survey data are manually entered to digital form on site andstored in an acQuire relational database. Data exports are normally in theform of MS Access files.
	Discuss any adjustment to assay data.	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
		•ensure that drill collar coordinates are within the project's geographiclimits
		Down-hole survey data are examined for large deviations in dip or azimuththat 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.

Criteria	JORC Code Explanation	Commentary
		Additional data checks include viewing drill hole traces, geological logging andassays in plan and section views.
		The Competent Person's independent checks of database validity included:Comparison of assay values between nearby holes, checking for internalconsistency between, and within database tables, comparisons between assayresults from different sampling phases. Additional checking includedcomparing database assay entries with laboratory source files. These checksshowed no significant discrepancies in the database used for resourceestimation
Location ofdata points	Accuracy and quality of surveys used tolocate drill holes (collar and down-holesurveys), trenches, mine workings and otherlocations used in Mineral Resource	Drill hole collars have been surveyed by qualified mine surveyors usingdifferential GPS equipment with coordinates recorded in UTM grid, WGS84Zone 30N datum.
	estimation.	All RC and diamond core holes have been surveyed at 12m depth and atapproximately 30m down-hole increments using digital compass instruments.
	Specification of the grid system used.Quality and adequacy of topographic	A topographic surface has been established by a drone photogrammetricsurvey conducted in 2020. The topographic surface is expected to be reliable
	control.	to +/- 0.2m.Topographic control is adequate for the current work being undertaken atNkosuo.
Dataspacinganddistribution	Data spacing for reporting of ExplorationResults.Whether the data spacing and distribution issufficient to establish the degree of	The Nkosuo prospect is delineated by regular drilling at 80m x 80m X-Y spacingin holes dipping at -55 degrees toward 160 degrees (UTM grid) azimuth. Thedrill pattern has been partially infilled to 40m x 80m in places. Drill coveragegenerally extends to about 150m vertical depth and to a maximum of about280m depth.
	geological and grade continuity appropriatefor the Mineral Resource and Ore Reserveestimation procedure(s) and classificationsapplied.	The data spacing has established geological continuity of the host granite buthas not defined the continuity of mineralisation sufficiently to permit reliableestimation of Mineral Resources.
	Whether sample compositing has beenapplied.
Orientationof data inrelation togeologicalstructure	Whether the orientation of samplingachieves unbiased sampling of possiblestructures and the extent to which this isknown, considering the deposit type.	Drill holes are oriented approximately orthogonal to the trend of the granitebody that hosts mineralisation. The orientation of mineralised structureswithin the granite is presently unconfirmed but there is no indication thatexploration results to date are affected by a significant bias due to orientation.
	If the relationship between the drillingorientation and the orientation of keymineralised structures is considered to haveintroduced a sampling bias, this should beassessed and reported if material.
Samplesecurity	The measures taken to ensure samplesecurity.	RC and core samples were delivered to the secure core yard compound atEdikan mine by Perseus personnel. RC field sample splits and samples of halfdiamond core were placed in numbered bags and those bags, in turn, placedinto polywoven sacks that were closed with plastic cable ties prior to transportto the assay laboratory by laboratory personnel.Security guards wereemployed at drilling sites and at the core yard compound on a 24 hour per daybasis.
		Results of field duplicates along with the general consistency of assay resultsbetween adjacent drill holes and drilling methods provide confidence in thegeneral reliability of the assay data.
Audits or	The results of any audits or reviews of	Nkosuo drill hole data have not been subject to any formal audit.
reviews	sampling techniques and data.	The Competent Person has reviewed the available sampling and assayingquality control data and found no errors or bias likely to significantly affect thereliability of the exploration data. These reviews included review of databaseconsistency, comparisons between database records and laboratory sourcefiles, and review of QAQC information.
		The Competent Person considers that the sample preparation, security andanalytical procedures adopted for the Nkosuo drilling provide an adequatebasis for the reporting of Exploration Results.

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
Mineraltenement andland tenurestatus	Type, reference name/number, locationand ownership including agreements ormaterial issues with third parties such asjoint ventures, partnerships, overridingroyalties, native title interests, historicalsites, wilderness or national park andenvironmental settings.The security of the tenure held at the timeof reporting along with any knownimpediments to obtaining a licence tooperate in the area.	The Nkosuo prospect is located on the Agyakusu Prospecting Licence PL2/177granted to Adio-Mabas Ghana Limited and renewed on 15th January2020. The permit is valid until 14th January 2023. In 2019 Perseus Mining(Ghana) Limited entered into an agreement with Adio-Mabas Ghana Limitedunder which it has an option to purchase the permit. Perseus has exercisedits option and ministerial approval to transfer the permit to Perseus Mining(Ghana) Limited is being applied for. Should Perseus apply for a mining lease,the Government of Ghana shall retain a 10% free carried interest in holdingcompany Perseus Mining (Ghana) Limited. Additionally, the Government ofGhana is entitled to a 5% royalty on nett revenue (revenue minus transportand refining costs). Adio-Mabas Ghana Limited will also retain a 1.5% NSRroyalty.
		A further 0.5% of nett revenue is required to be paid to a local communitydevelopment fund.
		The Nkosuo prospect area is not affected by sites of historical orenvironmental significance. Ongoing drilling to delineate a resource requiresnegotiation of access agreements with farmers and payment ofcompensation for affected crops. Exploitation of the deposit will require anenvironmental and social impact assessment, community consultation andthe grant of an Exploitation Permit. Nkosuo is located 7km from the Edikanmine processing plant.
Explorationdone by otherparties	Acknowledgment and appraisal ofexploration by other parties.	There has been no exploration by other parties.
Geology	Deposit type, geological setting and style ofmineralisation.	The Nkosuo prospect is a granite-hosted orogenic gold deposit similar toseveral deposits exploited at Perseus's nearby Edikan Gold Mine. Edikangold deposits occur near the western flank of the Ashanti Greenstone Beltalong the Obuasi-Akropong gold corridor. The Central Ashanti property isunderlain principally by Paleoproterozoic Birimian metasediments of theKumasi-Afema basin, positioned between the Ashanti and Sefwi GreenstoneBelts. The flysch type metasediments consist of dacitic volcaniclastics,greywackes plus argillaceous (phyllitic) sediments, intensely folded, faultedand metamorphosed to upper green schist facies. Minor cherty andmanganiferous exhalative sediments are locally present, and graphiticschists coincide with the principal shear (thrust) zones. Numerous smallBasin-type or Cape Coast-type granitoids have intruded the sediments alongseveral regional structures. Structurally controlled gold mineralisationoccurs in two principal modes: disseminated pyrite-arsenopyritemineralisation associated with quartz veining and sericite alteration hostedby granitoids and shear-zone hosted mineralisation associated with pyritearsenopyrite mineralisation in and adjacent to quartz veins in deformedmetasedimentary rocks.The Nkosuo deposit comprises mineralisation hosted by a single NNE strikinggranitoid body measuring at least 600m along strike, typically 250mhorizontal width and dipping approximately 75° toward WNW. Drilling hasconfirmed that the body is continuous to at least 250m vertical depth belowsurface. The entire granite is not mineralised throughout but drilling to dateindicates substantial zones of gold mineralisation up to 100m horizontalwidth.
Drill holeInformation	A summary of all information material tothe understanding of the explorationresults including a tabulation of thefollowing information for all Material drillholes:•easting and northing of the drill holecollar•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 interceptiondepth hole length.	A table of drill hole and intercept details is included in the report to whichthis table relates.

Criteria JORC Code explanation Commentary

	If the exclusion of this information isjustified on the basis that the information isnot Material and this exclusion does notdetract from the understanding of thereport, the Competent Person shouldclearly explain why this is the case.
Dataaggregationmethods	In reporting Exploration Results, weightingaveraging techniques, maximum and/orminimum grade truncations (e.g. cutting ofhigh grades) and cut-off grades are usuallyMaterial and should be stated.Where aggregate intercepts incorporateshort lengths of high-grade results andlonger lengths of low-grade results, theprocedure used for such aggregationshould be stated and some typicalexamples of such aggregations should beshown in detail.The assumptions used for any reporting ofmetal equivalent values should be clearlystated.	The cut-off grade, minimum down-hole length and maximum includedinternal waste are clearly stated in the report to which this table relates.Higher-grade "included" intercepts are clearly reported.Drill hole intercepts have not been reported as metal equivalents.
Relationshipbetweenmineralizationwidths andinterceptlengths	These relationships are particularlyimportant in the reporting of ExplorationResults.If the geometry of the mineralisation withrespect to the drill hole angle is known, itsnature should be reported.If it is not known and only the down holelengths are reported, there should be aclear statement to this effect (e.g. 'downhole length, true width not known').	The geometry of the host granite body has been established but theorientation(s) of mineralised zones within the granite are not yet defined.Intercepts are clearly described as down-hole lengths because true widthsare not presently known.
Diagrams	Appropriate maps and sections (withscales) and tabulations of intercepts shouldbe included for any significant discoverybeing reported These should include, butnot be limited to a plan view of drill holecollar locations and appropriate sectionalviews.	Appropriate plans and cross-sections are included in the report to which thistable relates.
Balancedreporting	Where comprehensive reporting of allExploration Results is not practicable,representative reporting of both low andhigh grades and/or widths should bepracticed to avoid misleading reporting ofExploration Results.	Holes that did not intercept significant mineralisation are shown on plans andcross-sections and "NSI" holes are included in tables of intercepts.
Othersubstantiveexplorationdata	Other exploration data, if meaningful andmaterial, should be reported including (butnot limited to): geological observations;geophysical survey results; geochemicalsurvey results; bulk samples – size andmethod of treatment; metallurgical testresults; bulk density, groundwater,geotechnical and rock characteristics;potential deleterious or contaminatingsubstances.	Soil sampling has defined a strong gold-in-soil anomaly over the Nkosuoprospect. The airborne geophysical survey has helped elucidate the generalgeology of the area. Otherwise, there are no other material exploration datayet available for Nkosuo prospect.
Further work	The nature and scale of planned furtherwork (e.g. tests for lateral extensions ordepth extensions or large-scale step-outdrilling).Diagrams clearly highlighting the areas ofpossible extensions, including the maingeological interpretations and futuredrilling areas, provided this information isnot commercially sensitive.	Perseus intends to continue drilling at Nkosuo to delineate a MineralResource and to undertake such other studies as are required to complete afeasibility study, economic evaluation and estimate of Ore Reserves that willcontribute to the Life-of-Mine plan at Edikan.