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Perseus Mining Updates Edikan Mineral Resource and Ore Reserves

20 Feb 2020  |  08:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Perseus updates Edikan Mineral Resource and Ore Reserves

Perseus Mining updated its estimates of the Mineral Resources and Ore Reserves at its Edikan Gold Mine in Ghana as at 31 December 2019. Estimated Measured and Indicated Mineral Resources total 2.699m OZ of gold at 31 December 2019, and Inferred Mineral Resources were estimated at 0.348m OZ of gold. All Mineral Resource estimations were based on a US$1,800 per OZ gold price. The Company represents a 22% increase in Proved and Probable Ore Reserves before depletion relative to last reported Ore Reserve estimate or a 16% increase after depletion. The Ore Reserve estimates were based on a gold price of US$1,300 per OZ.

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