Friday, 23 July 2021 06:22 GMT

Perseus Mining Limited: June 2021 Quarter Report


( MENAFN - GlobeNewsWire - Nasdaq <)strong> Record quarter for Perseus

Half and Full Year gold production exceeds guidance

PERTH, Western Australia, July 20, 2021 (GLOBE NEWSWIRE) -- Perseus Mining Limited (“Perseus” or the“Company”) (TSX & ASX: PRU) reports on its activities for the three months' period ended June 30, 2021 (the“Quarter”). The report with JORC tables is available for download from and .

Executive Summary

  • Record quarterly gold production of 102,788 ounces , up 16% on the March 2021 quarter and up 50% on the December 2020 quarter.
  • Half year gold production of 191,246 ounces 1 and FY2021 gold production of 328,632 ounces 1 , both exceeding the top end of their respective production guidance ranges.
  • Quarterly gold sales increased 23% to 106,899 ounces at an average realised gold price of US$1,652 per ounce, 1.5% more than the prior quarter.
  • Weighted average all-in site cost (AISC) was US$1,047 per ounce, US$48 more than in the last quarter2.
  • Notional cashflows from operations for the quarter totalled US$62.1 million , US$20.9 million or 51% more than in the March 2021 quarter.

Table 1: Operating and Financial Summary

Performance Indicator Unit December
2020

Half Year
March
2021
Quarter
June
2021
Quarter
June
2021
Half Year
2021
Financial
Year
Gold recovered1 Ounces 137,386 88,458 102,788 191,246 328,632
Gold poured1 Ounces 133,717 86,042 105,468 191,510 325,227
Production Cost2 US$/ounce 868 852 921 894 883
All-In Site Cost (AISC)2 US$/ounce 1,000 999 1,047 1,030 1,016
Gold sales1 Ounces 127,085 87,215 106,899 194,114 321,199
Average sales price2 US$/ounce 1,643 1,628 1,652 1,642 1,642
Notional Cashflow2 US$ million 87.1 41.2 62.1 103.3 190.4

Notes:
1. Includes Yaouré data from commencement of operations in December 2020 quarter.
2. Includes Yaouré data from declaration of Commercial Production on 31 March 2021.

  • Half year and financial year AISCs of US$1,030 and US$1,016 per ounce respectively, both positioned in the lower half of their respective cost guidance ranges.
  • Guidance for gold production and AISC for the December 2021 half year set at 225,000 to 255,000 ounces at a cost of US$925 to US$1,025 per ounce.
  • Perseus remains on track to achieve its goal of producing more than 500,000 ounces of gold per year at a cash operating margin of not less than US$400 per ounce in FY2022.
  • Available cash and bullion on hand of US$156.1 million and debt of US$100.0 million, giving a net cash position of US$56.1 million at quarter end, US$50.3 million more than at the end of last quarter.
  • Exploration programmes continued to generate encouraging results from prospects close to each operating mine, demonstrating potential to organically grow the Group's inventory of Mineral Resources and Ore Reserves.

MINING OPERATIONS

GROUP PRODUCTION, COSTS AND NOTIONAL CASHFLOW

Perseus's three operating gold mines, Edikan in Ghana, and Sissingué and Yaouré in Côte d'Ivoire, performed strongly in the June 2021 quarter, producing a combined total of 102,788 ounces of gold, 16% more than in the prior quarter (see Table 2 for a summary of cost and production by mine) and 50% more than in the December 2020 quarter.

For the Half Year to 30 June 2021, Group gold production totalled 191,246 ounces1 compared to production guidance for the same period of 175,000 to 190,0000 ounces while gold production during the Financial Year to 30 June 2021 totalled 328,6321 ounces compared to production guidance of 312,386 to 327,386 ounces. In both periods, gold production exceeded the top end of the guidance range.

Gold sales from all three operations totalled 106,899 ounces, 23% more than last quarter. The weighted average gold price2 realised from sales of gold was US$1,652 per ounce, 1.5% more than the price received in the March 2021 quarter.

The weighted average production costs2 at Yaouré, Sissingué and Edikan were US$921 per ounce, while AISCs of US$1,047 per ounce of gold were recorded during the quarter. These costs were 8% and 5% higher respectively than comparative costs incurred in the previous quarter.

Table 2: Cost and Production Summary by Mine

Total Gold Produced (Ounces) All in Site Cost (US$/ounce)
Mine Dec 2020
Quarter
March 2021
Quarter
June 2021
Quarter
Dec 2020
Quarter
March 2021
Quarter
June 2021
Quarter
Edikan 39,105 40,824 42,221 1,266 1,202 1,217
Sissingué 26,822 25,539 23,224 701 675 676
Yaouré 2,687 22,095 37,343 - - 1,036
Perseus Group1,2 68,614 88,458 102,788 1,036 999 1,047

Perseus's average cash margin for the quarter was US$605 per ounce, approximately US$24 per ounce less than that achieved during the March 2021 quarter. Notional operating cashflow from operations of US$62.1 million, was US$20.9 million or 51% more than that generated in the prior period, driven by the inclusion of notional cashflow from Yaouré following declaration of commercial production at the end of March 2021 and by quarter-on-quarter production growth of 16%.

Table 3 below summarises the quarterly realised gold price and cash flow across the operations.

Table 3: Realised Gold Price and Notional Cash Flow by Mine

Realised Gold Price (US$ per ounce) Notional Cash Flow from Operations (US$ Million)
Mine Dec 2020
Quarter
March 2021
Quarter
June 2021
Quarter
Dec 2020
Quarter
March 2021
Quarter
June 2021
Quarter
Edikan 1,614 1,574 1,628 13.6 15.2 17.4
Sissingué 1,795 1,693 1,637 29.3 26 20.5
Yaouré - - 1,684 - - 24.2
Perseus Group1,2 1,687 1,628 1,652 42.9 41.2 62.1

Total Recordable Injury Frequency Rates (TRIFR) at each producing mine up to the end of the June 2021 quarter were Edikan 1.49, Sissingué 1.37 and Yaouré 1.59. Sissingué and Yaouré performed better than their 2021 Financial Year TRIFR continuous improvement targets while Edikan fell short of its target. The Group maintained its record of zero fatalities across the business during the 2021 Financial Year.

Notes:
1. Includes Yaouré production data from commencement of operations in December 2020 quarter.
2. All costs and sales associated with gold produced at Yaouré in the December 2020 and March 2021 quarters are excluded from the Group's reported combined AISC, sales price, cash margin and notional operating cash flow, as these were capitalised in accordance with IFRS, pending declaration of Commercial Production at Yaouré on 31 March 2021.

YAOURÉ GOLD MINE, CÔTE D'IVOIRE

Following declaration of commercial production at the end of the March 2021 quarter, operations at Yaouré have settled into a steady rhythm with most KPIs being regularly achieved or exceeded, delivering results that surpassed Half Year production and cost guidance to the market.

During the quarter, Yaouré produced 37,343 ounces of gold at a production cost of US$951 per ounce and an AISC of US$1,036 per ounce. The weighted average sales price of the 42,264 ounces of gold sold during the quarter was US$1,684 per ounce, giving rise to a cash margin of US$648 per ounce. Notional cashflow generated from the Yaouré operations amounted to US$24.2 million for the quarter.

As the quarter progressed, the availability of higher-grade fresh ore from the CMA pit increased and this material was progressively added to the blend of ore fed to the plant, displacing lower grade material drawn from decommissioned heap leach pads and low-grade oxide ore stockpiles.

On a half yearly basis, Yaouré produced 59,438 ounces of gold at a production cost of US$951 per ounce and an AISC of US$1,036 per ounce. This exceeded the previously announced market guidance of 48-52,000 ounces at an AISC of US$1,100-1,300 per ounce for the period. The weighted average sales price of the 54,182 ounces of gold sold during the Half Year was US$1,692 per ounce.

Table 4 below summarises the key performance statistics achieved at Yaouré during the quarter, half and financial year.

BACK UP POWER SUPPLY

As a result of nationwide power restrictions in Côte d'Ivoire imposed by power generating authorities, power draw at Yaouré during the quarter was periodically reduced, limiting process plant throughput rates. In response to these restrictions, an 18 MW standby diesel fired power station was acquired and installed during the quarter. Since the end of the quarter, the power station has been fully commissioned, eliminating the potential for future power shortages. In the coming quarter, a study will commence to investigate the potential for replacing the diesel fired generators with a longer-term power solution involving either the full or partial use of renewable energy sources including solar and or wind power.

MINERAL RESOURCE TO MILL RECONCILIATION

The reconciliation of processed ore tonnes, grade and contained gold relative to the Yaouré Mineral Resource block model during the quarter and for the seven months from commencement of ore processing in November 2020 are shown in Table 5 . During the last 3 months, 20% more ore tonnes at 4% higher grade have been produced compared to the Mineral Resource model. Over the first seven months of operation, Yaouré has produced slightly more metal than predicted by the Mineral Resource model. The month of June 2021 was the first period in which most of the ore feed derived from newly mined open pit ore. Prior to this, most of the ore feed comprised material reclaimed from decommissioned heap leach pads built during from previous operations. The performance of the Yaouré Mineral Resource model to date is considered satisfactory.

Table 4: Yaouré Quarterly Performance

Parameter Unit December
2020
Half Year
March
2021
Quarter
June
2021
Quarter
June
2021
Half Year
2021
Financial
Year
Gold Production & Sales 1
Total material mined Tonnes 6,449,440 8,816,630 8,162,858 16,979,488 23,428,928
Total ore mined Tonnes 128,148 163,476 496,144 659,620 787,768
Average ore grade g/t gold 0.78 0.82 1.37 1.23 1.16
Strip ratio t:t 49.3 52.9 15.45 24.74 28.74
Ore milled Tonnes 122,545 624,827 837,350 1,462,177 1,584,722
Milled head grade g/t gold 1.01 1.27 1.51 1.40 1.37
Gold recovery % 67.7 86.8 92.09 90.01 88.74
Gold produced ounces 2,687 22,095 37,343 59,438 62,125
Gold sales3 ounces 0 11,918 42,264 54,182 54,182
Average sales price US$/ounce 0 1,719 1,684 1,692 1,692
Unit Production Costs 2
Mining cost US$/t mined 0 0 2.71 2.71 2.71
Processing cost US$/t milled 0 0 9.90 9.90 9.90
G & A cost US$M/month 0 0 1.70 1.70 1.70
All-In Site Cost 2 - -
Production cost US$/ounce 0 0 951 951 951
Royalties US$/ounce 0 0 83 83 83
Sub-total US$/ounce 0 0 1,033 1,033 1,033
Sustaining capital US$/ounce 0 0 3 3 3
Total All-In Site Cost4 US$/ounce 0 0 1,036 1,036 1,036
Notional Cash Flow from Operations 2 - -
Cash Margin US$/ounce 0 0 648 648 648
Notional Cash Flow US$M 0 0 24.2 24.2 24.2

Notes:
1. Includes Yaouré data from commencement of operations in December 2020 quarter.
2. Includes Yaouré data from declaration of Commercial Production on 31 March 2021.
3. Gold sales are recognised in Perseus' accounts when gold is delivered to the customer from Perseus' metal account.
4. Included in the June quarter All-In Site Costs is US$5.28 million of costs relating to excess waste stripping. When reporting Cost of sales, in line with accepted practice under IFRS, this cost will be capitalised to the balance sheet and the costs amortised over the remainder of the relevant pit life.

Table 5: Yaouré Block Model to Mill Reconciliation

Parameter
Block Model to Mill Correlation Factor
3 Months 7 Months to Date
Tonnes of Ore 1.20 1.00
Head Grade 1.04 1.04
Contained Gold 1.25 1.04

REVISED LIFE OF MINE PLAN

To coincide with the release of Perseus's annual Ore Reserve and Mineral Resource Statement update during the September 2021 quarter, Perseus will also release an updated life of mine plan (LOMP) for Yaouré. This plan will not be materially different to previously released Yaouré LOMPs although it will reflect incremental additions to Yaouré's Mineral Resources and Ore Reserves resulting from successful exploration programmes conducted during the financial year as well as incorporate operating costs based on current consumable supply contracts and workforce structure.

SISSINGUÉ GOLD MINE, CÔTE D'IVOIRE

On a half yearly basis, Sissingué produced 48,763 ounces of gold at a production cost of US$580 per ounce and an AISC of US$715 per ounce. This exceeded the previously announced market guidance of 39,500-43,000 ounces at an AISC of US$650-725 per ounce for the period. For the 2021 financial year, gold production totalled 104,672 ounces at an AISC of US$676 per ounce. This also compared very well to financial year market guidance of 95,409 – 98,909 ounces at US$646-677 per ounce. The weighted average sales price of the 55,519 ounces of gold sold during the half year was US$1,670 per ounce while the 102,635 ounces sold during the 2021 financial year were sold at a weighted average sales price of US$1,682 per ounce.

During the quarter, 23,224 ounces of gold were produced at Sissingué at a production cost of US$628 per ounce and an AISC of US$754 per ounce. The weighted average sales price of the 21,672 ounces of gold sold during the quarter was US$1,637 per ounce, giving rise to a cash margin of US$883 per ounce. Notional cashflow generated from the Sissingué operations amounted to US$20.5 million for the quarter, US$5.5 million less than in the prior quarter largely due to 12% higher AISC, lower realised gold price and a 9% decrease in the mine's quarter-on-quarter gold production.

The total of 327,043 dry metric tonnes of ore milled during the quarter was 21% more than in the prior quarter, reflecting materially improved runtime of 95% during the quarter and a 10% increase in throughput rates. The improved quantity of material processed was however offset by two factors. At 91%, the gold recovery rate was lower than the rate of 94% achieved in the prior quarter reflecting the expected lower recovery of fresh ore. The impact of this decrease was compounded by a decrease in head grade of ore treated from 3.13g/t to 2.42g/t which was also expected as we moved out of a zone of particularly high-grade ore in the bottom of the stage 3 pit.

Unit production costs for the quarter at US$628 per ounce were 18% higher than in the prior period partially due to lower gold production. The rise in unit mining costs was largely a function of reduced tonnes mined, caused by weather and also deepening of the pit. The rise in unit processing costs was higher than expected given that tonnes of ore processed also increased. This was due to several factors including the USD:CFA exchange rate that caused an increase in power costs in USD terms, higher reagent consumption as ore types changed and also the timing of a mill reline that increased maintenance costs.

AISCs at US$754 per ounce were 12% higher than the AISC recorded in the prior period. As noted above, production costs were higher in the period, as were royalty costs however sustaining capital expenditure was lower, falling from US$40 per ounce to US$12 per ounce reflecting a reduction of work on raising the level of the tailings dam.

Table 6 below summarises the key performance statistics at Sissingué during the quarter as well as in prior periods.

MINERAL RESOURCE TO MILL RECONCILIATION

The reconciliation of processed ore tonnes, grade and contained ounces relative to the Sissingué Mineral Resource block model on which mine plans are based is shown in Table 7 . During the last 3 months, 8% more ore tonnes at 5% higher grade have been produced compared to the Mineral Resource model. Over each of the last six and 12-month periods, Sissingué has produced more metal than predicted by the Mineral Resource model, primarily because of grade control outlining increased tonnages of ore. Perseus regards the outperformance as being within normal industry standards.

FEASIBILITY STUDY FOR DEVELOPMENT OF THE VÉRONIQUE, ANTOINETTE AND JULIETTE ORE DEPOSITS

Work advanced during the quarter on a Definitive Feasibility Study (DFS) of an operation involving mining ore from three satellite deposits located on the Bagoé exploration permit and trucking the ore back to the Sissingué plant for processing.

Work on the DFS is due to be completed at the end of July 2021, after which it will be lodged with the Ivorian Department of Mines, Petroleum and Energy along with an Environmental and Social Impact Assessment (ESIA) being prepared by local consultants (CECAF). These documents will form the basis of an application for an Exploitation Permit (EP) covering the Bagoé exploration permit area.

Table 6: Sissingué Quarterly Performance

Parameter Unit December
2020
Half Year
March
2021
Quarter
June
2020
Quarter
June
2021
Half Year
2021
Financial
Year
Gold Production & Sales
Total material mined Tonnes 1,978,650 1,047,159 690,977 1,738,136 3,716,786
Total ore mined Tonnes 847,537 515,902 335,650 851,552 1,699,089
Average ore grade g/t gold 2.42 2.34 1.80 2.13 2.28
Strip ratio t:t 1.3 1.0 1.1 1.0 1.2
Ore milled Tonnes 665,279 269,373 327,043 596,416 1,261,695
Milled head grade g/t gold 2.78 3.13 2.42 2.7 2.8
Gold recovery % 94.2 93.7 91.4 92.6 93.4
Gold produced ounces 55,909 25,539 23,224 48,763 104,672
Gold sales1 ounces 47,116 33,847 21,672 55,519 102,635
Average sales price US$/ounce 1,695 1,693 1,637 1,670 1,682
Unit Costs
Mining cost US$/t mined 5.78 5.40 7.30 6.20 6.00
Processing cost US$/t milled 17.67 18.61 19.0 18.8 18.2
G & A cost US$M/month 1.15 0.99 1.10 1.05 1.10
All-In Site Costs
Production cost US$/ounce 539 533 628 580 558
Royalties US$/ounce 86 102 114 107 96
Sub-total US$/ounce 625 635 742 687 654
Sustaining capital US$/ounce 18 40 12 28 22
Total All-In Site Cost US$/ounce 643 675 754 715 676
Notional Cash Flow from Operations
Cash Margin US$/ounce 1,052 1,018 883 956 1,006
Notional Cash Flow US$M 58.8 26.0 20.5 46.6 105.3

Notes:
1. Gold sales are recognised in Perseus' accounts when gold is delivered to the customer from Perseus' metal account.

Table 7: Sissingué Block Model to Mill Reconciliation

Parameter
Block Model to Mill Correlation Factor
3 Months 6 Months 1 Year
Tonnes of Ore 1.33 1.25 1.08
Head Grade 0.98 0.93 0.97
Contained Gold 1.31 1.16 1.07

EXPLOITATION LICENCE GRANTED FOR FIMBIASSO ORE DEPOSIT

In early July 2021, the Ivorian Council of Ministers and the President of the Republic of Côte d'Ivoire approved and executed a decree granting an EP covering the Fimbiasso gold deposit in the departments of Tengréla, Madinani and Kouto in Northern Côte d'Ivoire to one of Perseus's subsidiary companies.

With the granting of the EP, detailed mine planning can now proceed with certainty. Following the completion of the DFS for the development of Véronique, Antoinette and Juliette satellite deposits referred to above, an updated LOMP combining activities on each of the Sissingué, Fimbiasso and Bagoé ore deposits will be completed. The target date for the public release of this revised LOMP, which is expected to extend the life of the Sissingué processing operation to at least FY2024 without further discovery of ore, is the end of the September 2021 quarter.

EDIKAN GOLD MINE, GHANA

During the half year to 30 June 2021, Edikan produced 83,045 ounces of gold at a production cost of US$1,054 per ounce and an AISC of US$1,213 per ounce. For the 2021 financial year, gold production totalled 161,835 ounces at an AISC of US$1,231 per ounce. The weighted average sales price of the 84,412 ounces of gold sold during the half year was US$1,602 per ounce while the 164,381 ounces sold during the full 2021 financial year were sold at a weighted average sales price of US$1,607 per ounce.

In the June 2021 quarter, Perseus produced 42,221 ounces of gold at Edikan (3% more than in the March quarter) at a production cost of US$1,057 per ounce and an AISC of US$1,217 per ounce. These costs were in line with comparable costs recorded in the prior period. Gold sales (42,962 ounces) were 4% more than in the prior quarter, at a weighted average realised gold price of US$1,628 per ounce. This generated a cash margin of US$411 per ounce, 10% more than in the March quarter and notional cashflow of US$17.4 million, 14% more than in the prior period.

During the quarter, Edikan processed ore from the AG and Fetish pits as well as from the ROM stockpiles. Runtime of the plant improved from 90% to 93%. Reflecting the properties of the mill feed, throughput rates increased by 1%, head grade was reasonably steady at 0.92 g/t and the average gold recovery rate for the quarter was steady at 85%. While these KPIs resulted in a 3% increase in gold production, both head grade and recovery rates were below expectations, due in part to a shortfall of available ore from the Fetish pit. This resulted in the addition to the feed blend of more lower grade ore from the ROM stockpiles than planned, to maintain throughput rates.

As noted above, production costs for the quarter at US$1,057 per ounce were reasonably steady reflecting slightly higher unit mining costs and G & A costs, largely offset by lower unit processing costs. Unit mining costs at US$3.30 per tonne were 6% higher than in the prior period, but with 4% more tonnes mined this reflected a larger increase in the mining cost base due to equipment availability issues of contractors and an increase in the amount of grade control drilling required in the Fetish pit. Unit processing costs at $9.00 per tonne were 12% lower than the prior period, reflecting a 6% increase in tonnes of ore milled as well as lower maintenance costs and lower reagent usage during the quarter, offset slightly by higher power costs due to regular use of stand by generators to provide power to the processing facility. G & A costs at US$1.38 million per month were in line with costs incurred in the preceding quarter.

The quarterly AISC at US$1,217 per ounce was US$15.00 per ounce or 1% higher than the prior quarter. While higher production costs accounted for US$6 per ounce of the US$15 per ounce increase, a significant increase in sustaining capital (US$69 per ounce compared to US$30 per ounce) related to purchase of maintenance materials to be installed later in the year, partially offset by a decrease in royalties resulting from the timing of royalty payments, accounted for the remaining US$9 per ounce increase in AISC.

Table 8 below summarises the key performance statistics at Edikan during the quarter as well as in prior periods.

MINERAL RESOURCE TO MILL RECONCILIATION

Reconciliation of processed tonnes and grade of ore relative to the Mineral Resource block models for Edikan's Fetish and AG pits indicated a continuation of the deteriorating performance of the Fetish Resource model recorded in prior periods. After infill drilling (1,122 metres in 9 RC holes) and updating of the geological interpretation, Perseus updated the Fetish Mineral Resource model during the quarter to more closely reflect the tonnes and grades located by grade control during the March quarter. The improved reconciliation figures shown in Table 9 for the three months period to 30 June reflect adoption of the new Resource model from the beginning of May 2021.

Table 9: Edikan Block Model to Mill Reconciliation

Parameter
Block Model to Mill Correlation Factor
3 Months 6 Months 12 months
Tonnes of Ore 0.93 0.89 0.96
Head Grade 0.85 0.86 0.90
Contained Gold 0.80 0.76 0.87

Table 8: Edikan Quarterly Performance

Parameter Unit December
2020
Half Year
March
2021
Quarter
June
2020
Quarter
June
2021
Half Year
2021
Financial
Year
Gold Production & Sales
Total material mined Tonnes 14,534,282 7,266,051 7,563,884 14,829,935 29,364,217
Total ore mined Tonnes 1,868,339 887,650 1,081,133 1,968,783 3,837,122
Average ore grade g/t gold 1.17 1.06 1.10 1.08 1.13
Strip ratio t:t 6.8 7.2 6.00 6.5 6.7
Ore milled Tonnes 3,422,149 1,595,443 1,684,992 3,280,435 6,702,584
Milled head grade g/t gold 0.95 0.95 0.92 0.93 0.94
Gold recovery % 75.2 85.1 85.0 85.0 79.9
Gold produced ounces 78,790 40,824 42,221 83,045 161,835
Gold sales1 ounces 79,969 41,450 42,962 84,412 164,381
Average sales price US$/ounce 1,612 1,574 1,628 1602 1607
Unit Costs
Mining cost US$/t mined 3.09 3.10 3.30 3.22 3.15
Processing cost US$/t milled 9.50 10.20 9.00 9.60 9.60
G & A cost US$M/month 1.57 1.36 1.38 1.39 1.47
All-In Site Costs
Production cost US$/ounce 1,102 1,051 1,057 1,054 1,077
Royalties US$/ounce 111 121 91 106 108
Sub-total US$/ounce 1,213 1,172 1,148 1,160 1,185
Sustaining capital US$/ounce 40 30 69 53 45
Total All-In Site Cost2 US$/ounce 1,253 1,202 1,217 1,213 1,231
Notional Cash Flow from Operations
Cash Margin US$/ounce 359 372 411 389 376
Notional Cash Flow US$M 28.3 15.2 17.4 32.3 60.9

Notes:
1. Gold sales are recognised in Perseus' accounts when gold is delivered to the customer from Perseus' metal account.
2. Included in the June quarter All-In Site Costs is US$6.77 million of costs relating to excess waste stripping. When reporting Cost of sales, in line with accepted practice under IFRS, this cost will be capitalised to the balance sheet and the costs amortised over the remainder of the relevant pit life
GROUP PRODUCTION AND COST GUIDANCE

Production and cost guidance for the December 2021 Half Year and the 2021 Calendar Year are summarised in Table 10 .

Table 10: Production and Cost Guidance

Parameter Units June 2021
Half Year
(Actual)
December 2021
Half Year
(Forecast)
2021
Calendar Year
(Forecast)
Yaouré Gold Mine
Production Ounces 59,438 130,000 – 140,000 189,438 – 199,438
All-in Site Cost USD per ounce 1,036 675 – 775 790 – 850
Sissingué Gold Mine
Production Ounces 48,763 25,000 – 35,000 73,763 – 83,763
All-in Site Cost USD per ounce 715 950 – 1,070 825 – 885
Edikan Gold Mine
Production Ounces 83,045 70,000 – 80,000 153,046 – 163,046
All-in Site Cost USD per ounce 1,213 1,350 – 1,450 1,270 – 1,330
PERSEUS GROUP
Production Ounces 191,246 225,000 255,000 416,247 446,247
All-in Site Cost USD per ounce 1,030 925 1,025 975 1,035

EXPLORATION

CÔTE D'IVOIRE EXPLORATION

YAOURÉ EXPLORATION & EXPLOITATION PERMITS

Exploration activities during the quarter on the Yaouré exploration and exploitation permits included air core (AC) drilling at Degbezere, and reverse circulation (RC) and diamond drilling (DD) at each of the CMA SW, CMA East, Kongonza and Govisou prospects ( Appendix 1 – Figure 1.1 ).

At Degbezere, AC drilling on the Yaouré West exploitation permit was undertaken to follow up strong gold-in-auger anomalies, with 4,703 metres drilled in 91 holes. Scattered narrow gold hits were recorded related to structures developed primarily in basalts. Better intercepts are tabulated below in Table 11 .

Table 11: Degbezere AC Drilling - Significant Intersections

BHID From (m) To (m) Gold Intercept
YAC2133 44 50 6m @ 1.29 g/t
YAC2162 0 4 4m @ 1.03 g/t
YAC2297 0 4 4m @ 1.81 g/t
YAC2352 0 4 4m @ 2.07 g/t

Elsewhere on the Yaouré West exploration permit, augering commenced along the Degbezere NE trend, with 1,662 metres drilled in 156 holes. This work extends previous augering and covers a structural target identified in the 2D seismic line surveyed in 2020. Results remain pending.

Infill RC and DD drilling was completed at the CMA SW (previously South Extension) and Govisou prospects to better define mineralisation in these areas in preparation for estimation of Resources. At CMA SW, 139 RC holes were drilled for 8,255 metres. Drilling results were consistent with previous drilling, confirming consistent mineralisation over approximately 5-metre widths for a 750-metre strike length ( Appendix 1 – Figures 1.2 and 1.3 ). The better intersections recorded are tabulated below in Table 12 .

The drilling at Govisou followed up drilling previously reported in Perseus's ASX release of 7 April 2021, that returned highly encouraging intercepts including YRC1574: 93m @ 2.74 g/t Au from 0m; YRC1596: 65m @ 2.73 g/t Au from 24m and 35m @ 3.49 g/t Au from 105m; YRC1457: 25m @ 3.33 g/t Au from 55m; and YRC1458: 52m @ 3.02 g/t Au from 28m. Drilling targeted the potential deeper extensions of the interpreted ruler-like mineralised zone, with 11 RC pre-collared DD holes and three RC holes drilled for 1,925 metres. Only partial results have been received for this drilling to date, with assays for the deeper and more prospective DD sections of most holes still pending.

Following processing and interpretation of data from the Yaouré 3D seismic program during the previous quarter, drilling commenced to test near-surface extensions of CMA look-alike structures in the hanging wall of the main CMA structure, now termed the CMA East prospect. By quarter end, Perseus had drilled 3,760 metres in 42 RC holes, with assays for these holes still pending.

In addition to the above, Perseus completed 2,104 metres in 22 RC holes plus a single 220 metre DD hole at the Kongonza prospect on the interpreted south-eastern extension of the CMA. Assays for these holes remain pending.

Complete results for the Yaouré drilling discussed above are presented in Appendix 1 – Table 1.1 .

Table 12: CMA SW – Significant Intersections

BHID From (m) To (m) Gold Intercept
YRC1629 18 21 3m @ 1.61 g/t
YRC1631 59 70 11m @ 1.16 g/t
YRC1638 61 64 3m @ 1.95 g/t
YRC1638 77 85 8m @ 1.58 g/t
YRC1641 71 77 6m @ 1.86 g/t
YRC1642 77 84 7m @ 2.66 g/t
YRC1643 79 87 8m @ 1.91 g/t
YRC1644 67 70 3m @ 3.32 g/t
YRC1645 77 85 8m @ 1.69 g/t
YRC1647 80 84 4m @ 1.23 g/t
YRC1648 10 16 6m @ 1.09 g/t
YRC1648 62 70 8m @ 1.14 g/t
YRC1649 57 70 13m @ 1.31 g/t
YRC1650 60 69 9m @ 2.53 g/t
YRC1672 74 81 7m @ 1.77 g/t
YRC1673 63 65 2m @ 2.94 g/t
YRC1674 72 78 6m @ 1.24 g/t
YRC1675 49 62 13m @ 1.08 g/t
YRC1676 82 88 6m @ 2.48 g/t
YRC1678 44 47 3m @ 3.83 g/t

BAGOÉ EXPLORATION PERMIT

Perseus completed infill and extensional AC and RC drilling at the Veronique South and SE, Juliette, and Brigitte prospects on the Bagoé permit ( Appendix 1 – Figures 1.4 and 1.5 ). A total of 6,448 metres was drilled in 82 AC and 56 RC holes. Assays for these holes remain pending.

Details for the Bagoé drilling are presented in Appendix 1 – Table 1.2 .

SISSINGUÉ EXPLOITATION PERMIT

Exploration on the Sissingué Exploitation Permit during the quarter involved the completion of a three-hole deep diamond drilling program beneath the Sissingué Gold Mine ( Appendix 1 – Figure 1.4 ), with SD0386 completed at 830 metres and SD0386 completed at 650 metres.

The deep diamond holes were designed to investigate possible extensions or repetitions of the main granite body hosting the bulk of mineralisation at Sissingué. Results from these three holes reported only weak mineralisation. Although narrow mineralised porphyry dykes were intersected in each hole, the hoped-for repetitions of the large granite bodies hosting the bulk of mineralisation at Sissingué were not present. Better intercepts are tabled below in Table 13 .

Table 13: Sissingué Deeps – Significant Intersections

BHID From (m) To (m) Gold Intercept
SD0386 270 283 13m @ 1.85 g/t
SD0387 435 439 4m @ 1.08 g/t
SD0387 486 501 15m @ 1.23 g/t

Results were received from AC drilling completed at the Gbeni (Tiana South) prospect last quarter. This drilling covered the southerly extensions of the Tiana and Cashew Farm zones where extensive artisanal surface workings are associated with small dioritic plugs. Single hits were recorded on three fences with highlights including 4m @ 1.38 g/t from 28m in GBAC0025 and 8m @ 4.21 g/t from 76m in GBAC0043.

Full details of the Sissingué Deeps and Gbeni drilling, including all assays, are provided in Appendix 1 - Table 1.3 .

MINIGNAN EXPLORATION PERMIT

Elsewhere in Cote d'Ivoire, Perseus drilled 3,020 metres in 434 auger holes on its Minignan exploration permit located in north-western Côte d'Ivoire. This work followed up a 7km-long gold-in-soil anomaly identified along the regionally prospective Bafing Shear Zone where it extends through the permit. Assays from this work remain pending.

DRILLING, SAMPLING AND ASSAYING DETAILS FOR CÔTE D'IVOIRE EXPLORATION

YAOURÉ

Geology
The Yaouré project lies 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. The CMA-SW and Kongonza prospects lie on interpreted segments of a major mineralised reverse fault system, the CMA thrust structure. The two prospects lie on its southern end where it bifurcates into SW and SE branches. The CMA SW structure strikes NE and dips at about 30 degrees toward the SE. Mineralisation comprises gold associated with pyrite in a quartz-albite-carbonate alteration assemblage in metabasalts. The mineralised structure is typically 6-8 metres true thickness. At Kongonza, gold is associated with quartz veining and silicification in a structure striking NNW and dipping at about 40 degrees east. At low gold grade thresholds (e.g. 0.2g/t) the Kongonza mineralisation is up to 70 metres true thickness but potentially economic grades are generally limited to 10-15 metre true thicknesses.

The Govisou prospect is underlain by andesitic basalts intruded by granodiorite bodies. Mineralisation occurs as disseminations of pyrite and arsenopyrite in the granodiorite and in quartz-carbonate veins in both the intrusive and basalts.

The CMA East drilling was designed to investigate CMA-like structures identified from a 3D seismic survey where these structures were interpreted to project to surface.

The Degbezere prospects are located along a major regional shear zone around 15-20km west of the CMA area. The geology there comprises mafic volcanics locally intruded by granodiorite bodies.

CMA mineralisation is associated with quartz-albite-carbonate veining in reverse fault structures that dip at 25 to 30 degrees to the east. The adjacent intrusive-hosted Yaouré deposit comprises mineralisation 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.

No significant concentrations of other economic metals or deleterious metals occur with the mineralisation. Arsenopyrite and molybdenite occur in trace quantities.

Drilling Techniques
Exploration drilling described in this report included aircore (AC) drilling, reverse circulation (RC) and diamond core (DD) drill holes. Air core drilling (AC) used a 105mm face-sampling blade bit. Reverse Circulation drilling (RC) used a 135mm face sampling hammer.

Ground surveys of drill hole collars are presently incomplete. The locations provided in the announcement derive from a mixture of DGPS and hand-held GPS readings. The former are expected to be reliable to Drill Coverage
Recent resource definition drilling at Govisou and CMA-SW has infilled drill spacing to nominal 40m x 20m or 20m x 20m in plan view.

Drill coverage on the earlier stage prospects such as CMA-East, Kongonza and Degbezere has been appropriate for the level of investigation – typically traverses 120-160m apart with holes drilled 'heel-to-toe' on 40m spacings. Most holes have been drilled at -55 to -60 degree dips.

CMA-SW and Kongonza mineralization dip at approximately 30 and 40 degrees respectively. In holes drilled at -60 degrees dip, true widths are approximately equal to down-hole intercept lengths.

The geometry of the Govisou mineralisation is not well understood and hence true widths are uncertain. The geometry of the scattered mineralisation intersected at Degbezere is not well understood and hence true widths are uncertain.

Sampling
Air core drill samples were collected at the drill site over 1m intervals, with each 1m spear sampled and the spear samples composited into 4m intervals to produce a subsample of 2.4 – 3kg for submission for assay.

RC drill samples were collected at drill sites over 1 metre intervals and split using multi-stage riffle splitters. Sample weights were nominally 3 kilograms. Sample recovery was measured by weighing bulk recovered samples. Samples were logged visually for recovery, moisture and contamination. The majority of RC samples were logged as dry and sample contamination in RC holes is not considered a significant risk to the reliability of resource estimates.

Diamond core was generally sawn in half using a diamond blade saw, with one half sent for assaying and the other half stored on site in core trays for reference. Samples were normally taken over 1 metre intervals (in some cases being adjusted for geology to shorter intervals). Core recoveries were measured and averaged in excess of 90%.

Reject RC samples have been retained at site in“sample farms” with all assay pulps retained at the relevant laboratory for 3 months before return to site for long term storage.

Sample Analytical Methods
The majority of sample preparation has been carried out on site in a dedicated sample preparation facility owned and operated by Perseus. Sample preparation typically comprised drying, crushing to -2 millimetres and pulverising of a 1.5 kg subsample. Internal laboratory checks required at least 85% of the pulp passing -75 microns. The pulverised product was then dumped on a rubber mat, rolled and approximately 300g selected by multiple dips of a spatula and packaged in a kraft paper packet.

Sample grind size was monitored by screening 1:100 samples. Duplicate field split samples were collected for each 1:20 samples. Duplicate pulp samples were created for each 1:20 samples.

The majority of samples have been assayed by 50g fire assay technique with AAS determination at independent commercial laboratories in Côte d'Ivoire, predominantly Bureau Veritas Laboratory in Abidjan and MSA Laboratory in Yamoussoukro.

A consistent regime of quality assurance has been employed including submission of duplicate pulp samples, coarse blanks and certified reference materials. The performances of blanks and standards were monitored as assay results were received. The commercial laboratory's internal QAQC includes the use of certified reference materials and pulp replicates.

Sample Security
Chain of custody was managed by Perseus. Perseus employees retained custody of subsamples from drill sites through transport to the Yaouré sample preparation laboratory, through that facility and then transport of subsample pulps to the commercial laboratories in either Abidjan or Yamoussoukro.

BAGOÉ

Geology
The Bagoé Gold Project is located in the West African Craton and covers Palaeoproterozoic (Birimian) rocks of the southern extension of the Syama Greenstone Belt and the western margin of the Senoufo Greenstone Belt. Gold deposits at Bagoé are of the orogenic, greenstone-hosted type and probably lie within the Senoufo belt. The main prospect within the Bagoé project area is the Antoinette deposit (not covered in this release) which lies on a major NE trending shear zone within a mafic volcanic and metasediment sequence with intruded dioritic bodies.

The Juliette gold deposit is located 3.5km SW of Antoinette and is also hosted by the Antoinette sequence/structure. Mineralisation is subvertical, extends over about 300m strike and generally comprises a single lens 4-10m wide. Weathering extends to 30-40m depth.

The Brigitte prospect is located ~2-3km NE of Antoinette and is hosted by the extension of the Antoinette sequence/structure. Mineralisation is insufficiently understood at present to comment other than it appears to lie between mafic volcanics to the NW and mixed diorite and sediments to the SE. Weathering extends to 30-40m depth. Véronique gold deposit and its satellites are located 16km SSE of Antoinette. Mineralisation extends over 900m strike and generally comprises a single NW-striking quartz vein 1-2m thick that dips at 45 degrees to the SW. The vein is hosted by an extensive granodiorite stock. Alteration selvages extending 2-3m either side of the vein result, in places, in 6-8m true thickness of mineralisation. Weathering extends to 50-60m depth.

No significant concentrations of other economic metals or deleterious metals occur with the mineralisation. Arsenopyrite occurs in trace quantities.

Drilling Techniques
Exploration drilling described in this report included aircore (AC) drilling and reverse circulation (RC) drill holes. Air core drilling (AC) used a 105mm face-sampling blade bit. Reverse Circulation drilling (RC) used a 135mm face sampling hammer.

Ground surveys of drill hole collars are presently incomplete. The locations provided in the announcement derive from a mixture of DGPS and hand-held GPS readings. The former are expected to be reliable to Drill Coverage
Recent resource definition drilling at Véronique SE and Juliette has extended previous drilling on nominal 40 x 20m centres in plan view.

Drill coverage on the earlier stage prospects such as Brigitte and Véronique South has been appropriate for the level of investigation – typically traverses 120-160m apart with holes drilled 'heel-to-toe' on 40m spacings. Most holes have been drilled at -55 to -60 degree dips.

Veronique South and SE mineralization strikes NW and dips at approximately 45 degrees toward the SW. In holes drilled at -60 degrees dip toward 045 degrees azimuth, true widths are approximately equal to down-hole intercept lengths. Mineralisation at Juliette is essentially subvertical and hence for drill holes at -55 degrees true widths are approximately 70% of drilled widths. The geometry of the Brigitte mineralisation is not well understood and hence true widths are uncertain.

Sampling
Air core drill samples were collected at the drill site over 1m intervals, with each 1m spear sampled and the spear samples composited into 4m intervals to produce a subsample of 2.4 – 3kg for submission for assay.

RC drill samples were collected at drill sites over 1 metre intervals and split using multi-stage riffle splitters. Sample weights were nominally 3 kilograms. Sample recovery was measured by weighing bulk recovered samples. Samples were logged visually for recovery, moisture and contamination. The majority of RC samples were logged as dry and sample contamination in RC holes is not considered a significant risk to the reliability of resource estimates. Reject RC samples have been retained at site in“sample farms” with all assay pulps retained at the relevant laboratory for 3 months before return to site for long term storage.

Sample Analytical Methods
The majority of sample preparation has been carried out on site at Yaouré in a dedicated sample preparation facility owned and operated by Perseus. Sample preparation typically comprised drying, crushing to -2 millimetres and pulverising of a 1.5 kg subsample. Internal laboratory checks required at least 85% of the pulp passing -75 microns. The pulverised product was then dumped on a rubber mat, rolled and approximately 300g selected by multiple dips of a spatula and packaged in a kraft paper packet.

Sample grind size was monitored by screening 1:100 samples. Duplicate field split samples were collected for each 1:20 samples. Duplicate pulp samples were created for each 1:20 samples.

The majority of samples have been assayed by 50 g fire assay technique with AAS determination for gold only at independent commercial laboratories in Côte d'Ivoire, predominantly Bureau Veritas Laboratory in Abidjan and MSA Laboratory in Yamoussoukro.

A consistent regime of quality assurance has been employed including submission of duplicate pulp samples, coarse blanks and certified reference materials. The performances of blanks and standards were monitored as assay results were received. The commercial laboratory's internal QAQC also includes the use of certified reference materials and pulp replicates.

Sample Security
Chain of custody was managed by Perseus. Perseus employees retained custody of subsamples from drill sites through transport to the Yaouré sample preparation laboratory, through that facility and then transport of subsample pulps to the commercial laboratories in either Abidjan or Yamoussoukro.

SISSINGUÉ

Geology
The Sissingué Gold Project is located in the West African Craton and covers Paleoproterozoic (Birimian) rocks of the central part of the Syama Greenstone Belt. Gold deposits at Sissingué are of the orogenic, greenstone-hosted type.

The Sissingué area is dominated by clastic basinal metasediments intruded by major felsic (granodioritic) and minor mafic intrusions.

Gold mineralisation at Sissingué occurs predominantly in quartz veins within dykes and plug-like granite intrusions that host strong quartz veining and sericite-carbonate + pyrite ± arsenopyrite alteration. These are intruded into metapelites and sandstones that are also strongly mineralised, particularly above the main intrusive plug(s).

Gold mineralisation at Gbeni is hosted by quartz-veined and variably altered metasediments, often in close proximity to 'dioritic' plugs. The latter do not appear to be mineralised.

No significant concentrations of other economic metals or deleterious metals occur with the mineralisation. Arsenopyrite occurs in trace quantities.

Drilling Techniques
Exploration drilling at Sissingué described in this report included aircore (AC) drilling and diamond core (DD) drill holes. Air core drilling (AC) used a 105mm face-sampling blade bit. Diamond drillholes were cored HQ from surface to around 200m depth, cased off and drilled NQ to final depth.

Ground surveys of drill hole collars are presently incomplete. The locations provided in the announcement derive from a mixture of DGPS (diamond holes) and hand-held GPS readings. The former are expected to be reliable to Drill Coverage
The three diamond holes drilled beneath the Sissingué deposit were reconnaissance in nature and designed to test specific geological concepts at depth; consequently, drill holes were not located on a set spacing. The holes were drilled at -55 degrees dip and true widths are estimated to be around 70% of drilled widths.

Drill coverage on the early stage Gbeni prospect was appropriate for the level of investigation – typically single traverses across soil anomalies with holes drilled 'heel-to-toe' on 40m spacings. Most holes have been drilled at -55 degree dips. The geometry of the mineralisation is not well understood, and hence true widths are uncertain.

Sampling
Air core drill samples were collected at the drill site over 1m intervals, with each 1m spear sampled and the spear samples composited into 4m intervals to produce a subsample of 2.4 – 3kg for submission for assay.

Diamond core was generally sawn in half using a diamond blade saw, with one half sent for assaying and the other half stored on site in core trays for reference. Samples were normally taken over 1 metre intervals (in some cases being adjusted for geology to shorter intervals). Core recoveries were measured and averaged in excess of 90%.

All assay pulps are retained at the relevant laboratory for 3 months before return to site for long term storage.

Sample Analytical Methods
The majority of sample preparation has been carried out at Yaouré in a dedicated sample preparation facility owned and operated by Perseus. Sample preparation typically comprised drying, crushing to -2 millimetres and pulverising of a 1.5 kg subsample. Internal laboratory checks required at least 85% of the pulp passing -75 microns. The pulverised product was then dumped on a rubber mat, rolled and approximately 300g selected by multiple dips of a spatula and packaged in a kraft paper packet.

Sample grind size was monitored by screening 1:100 samples. Duplicate field split samples were collected for each 1:20 samples. Duplicate pulp samples were created for each 1:20 samples.

The majority of samples have been assayed by 50 g fire assay technique with AAS determination for gold only at independent commercial laboratories in Côte d'Ivoire, predominantly Bureau Veritas Laboratory in Abidjan.

A consistent regime of quality assurance has been employed including submission of duplicate pulp samples, coarse blanks and certified reference materials. The performances of blanks and standards were monitored as assay results were received. The commercial laboratory's internal QAQC also includes the use of certified reference materials and pulp replicates.

Sample Security
Chain of custody was managed by Perseus. Perseus employees retained custody of subsamples from drill sites through transport to the Yaouré sample preparation laboratory, through that facility and then transport of subsample pulps to the Bureau Veritas laboratory in Abidjan.

GHANA

AGYAKUSU OPTION

Negotiations continued with the local community and farmers to allow first-pass RC and DD drilling over the Breman granite prospect. An agreement was reached late in the quarter with access and drill pad preparations commencing immediately thereafter. The first drill hole was collared on 1 July 2021 and subject to continued access to land, further drilling is planned for the September 2021 quarter.

AGYAKUSU-DML OPTION

Community sensitisation activities commenced ahead of an initial 10,000m AC program to test gold-in-soil anomalism along the main structural/intrusive corridor extending SW from the Breman prospect on the adjoining Agyakusu permit ( Appendix A - Figure 4 ). AC drilling is expected to commence during the next quarter.

DOMENASE OPTION

Planned first-pass soil sampling covering the main structural/intrusive corridors on this property was delayed pending resolution of issues with the option agreement.

EXPLORATION EXPENDITURE

Expenditure on exploration activities throughout West Africa during the periods ending 30 June 2021 in outlined in Table 14 below.

Table 14: Group Exploration Expenditure June Quarter

Region Units December
2020
Half Year
March
2021
Quarter
June
2021
Quarter
June
2021
Half Year
2021
Financial
Year
Ghana US$ million 1.83 0.46 0.39 0.85 2.68
Côte d'Ivoire
Sissingué US$ million 1.78 1.86 2.55 4.41 6.19
Yaouré US$ million 5.08 2.43 3.52 5.95 11.03
Regional US$ million -0.05 0.12 0.07 0.19 0.14
Sub-total US$ million 6.81 4.41 6.14 10.55 17.36
Total West Africa US$ million 8.65 4.87 6.53 11.40 20.04

GROUP FINANCIAL POSITION

CASHFLOW AND BALANCE SHEET (UNAUDITED)

Perseus continues to strengthen its balance sheet and reports a US$50.3 million increase in its overall net cash position (i.e. cash & bullion less interest-bearing debt) relative to the prior quarter.

Based on the spot gold price of US$1,763 per ounce and a A$:US$ exchange rate of 0.7508 at 30 June 2021, the total value of cash and bullion on hand at the end of the quarter was A$207.9 million, (US$156.1 million) including cash of A$181.3 million (US$136.1 million) and 11,347 ounces of bullion on hand, valued at A$26.7 million (US$20.0 million).

During the quarter, outstanding corporate debt was reduced by US$30 million to US$100 million, resulting in the net cash and bullion balance of US$56.1 million. By comparison, at the end of the prior quarter, the cash and bullion balance amounted to US$135.8 million and with outstanding debt of US$130 million, the net cash and bullion balance stood at US$5.8 million, approximately US$50.3 million less than the current net balance.

The increase in net cash of US$50.3 million resulted from achieving consistent operating margins at Sissingué and Edikan, as well as the ramp up in production and operating cash flows from Yaouré, and reduced capital expenditure following the completion of the development of the mine. Notional cash inflows from Yaouré ramped up to US$24.2 million for the quarter, whilst inflows from Sissingué and Edikan remained reasonably steady contributing a further US$37.9 million.

The graph below ( Figure 1 ) shows the notional operating cash flows from the three mines, the largest single driver of cash movement.

The overall movement in cash and bullion during the quarter as shown below in Figure 2 takes account of the positive notional operating margins from the Edikan (A$22.5 million), Sissingué (A$26.6 million), and Yaouré (A$31.4 million) operations, Australian and West African corporate costs (A$4.9 million), exploration (A$12.3 million), debt service (A$41.8 million – of which a principal repayment of US$30 million, or A$39.7 million), and other capex of (A$5.9 million).

Figure 1: Notional Operating Cashflow is available at 

Figure 2: Quarterly cash and bullion movements is available at 

GOLD PRICE HEDGING

At the end of the quarter, Perseus held gold forward sales contracts for 210,313 ounces of gold at a weighted average sales price of US$1,564 per ounce. These hedges are designated for delivery progressively over the period up to 30 September 2022. Perseus also held spot deferred sales contracts for a further 90,441 ounces of gold at a weighted average sales price of US$1,668 per ounce. Combining both sets of sales contracts, Perseus's total hedged position at the end of the quarter was 300,754 ounces at a weighted average sales price of US$1,595 per ounce.

Perseus's hedge position has decreased by 11,353 ounces since the end of the March 2021 quarter. As a result of our policy of replacing lower priced hedges with higher priced hedge contracts when possible, the weighted average sales price of the hedge book increased by US$43 per ounce or 2.8% during the quarter.

Hedging contracts currently provide downside price protection to approximately 20% of Perseus's currently forecast gold production for the next three years, leaving 80% of forecast production potentially exposed to movements (both up and down) in the gold price.

SUSTAINABILITY (UNAUDITED)

In financial year 2021, Perseus continued to perform strongly against its social and environmental objectives and targets.

Performance highlights from the financial year 2021 were:

  • Continued to maintain safe, stable operations whilst managing the impacts of the COVID-19 virus, and supporting our communities through the pandemic;
  • Board gender diversity is now at 33% with the appointment of Ms Amber Banfield as a Non-Executive Director in May 2021. Executive Level Diversity (reporting to the CEO) is 40%;
  • Economic contribution to our host countries of US$428 million (greater than 80% of revenue), including ~US$323 million to local suppliers, US$52 million for local salaries, wages and associated taxes, US$51 million in payments to government in taxes, royalties and other payments, and US$2 million in social investment;
  • Local and national employment and procurement 96% and 81% respectively; and
  • Zero significant environmental events or tailings dam integrity issues.

Sustainability challenges during the 2021 financial year included:

  • Whilst Sissingué and Yaouré performed strongly against their continuous improvement TRIFR targets, targets were not achieved at Edikan or at Group level.
  • Community unrest was experienced at Sissingué in January 2021 caused by a misunderstanding by a small group of residents in a local village on the distribution of community benefits by the mine. This misunderstanding was resolved through enhanced engagement with the village leadership including representatives of the“youth” group and re-focus of the projects undertaken under the Sissingué Community Development Fund.
  • Illegal mining activities on Perseus's mining and exploration licence areas also presented challenges for the Company at both the Edikan and Yaouré mines.

Perseus's Sustainable Development Report for the financial year ended 30 June 2021 will provide full details of the Company's environmental and social performance during this period and will be published around the same time as our Annual Report early in the December 2021 quarter.

PLANNED ANNOUNCEMENTS FOR SEPTEMBER 2021 QUARTER

  • Yaouré Life of Mine Plan Update – August 2021
  • Reserve & Resource Update – August 2021
  • Bagoé Feasibility Study – August 2021
  • FY21 Financial Statements – August 2021
  • Sissingué Life of Mine Update – September 2021
  • This market announcement was authorised for release by the Board

    DATE OF RELEASE: 21 JULY 2021
    ASX/TSX code: PRU
    Capital structure as at 20 July 2021
    Ordinary shares: 1,226,969,570
    Performance rights: 23,428,673
    REGISTERED OFFICE:
    Level 2
    437 Roberts Road
    Subiaco WA 6008
    Telephone: +61 8 6144 1700
    Email:
    Website:
    DIRECTORS:
    Mr Sean Harvey
    Non-Executive Chairman
    Mr Jeff Quartermaine
    Managing Director & CEO
    Ms Amber Banfield
    Non-Executive Director
    Ms Elissa Brown
    Non-Executive Director
    Mr Dan Lougher
    Non-Executive Director
    Mr John McGloin
    Non-Executive Director
    Mr David Ransom
    Non-Executive Director
    CONTACTS:
    Jeff Quartermaine
    Managing Director & CEO

    Claire Hall
    Corporate Communications

    Nathan Ryan
    Media Relations
    +61 4 20 582 887

    Competent Person Statement:
    All production targets for Edikan, Sissingué and Yaouré referred to in this report are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code. The information in this report that relates to Esuajah North Mineral Resources estimate was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement entitled“Perseus Mining Updates Mineral Resources & Ore Reserves” released on 29 August 2018. The information in this report that relates to the Mineral Resource and Ore Reserve estimates for the Bokitsi South and AFG Gap deposits at the EGM was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement released on 26 August 2020. The information in this report that relates to the Mineral Resource and Ore Reserve estimates for the other EGM deposits (Fetish and Esuajah South Underground) was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement released on 20 February 2020 and was updated for depletion until 30 June 2020 in a market announcement released on 26 August 2020. The Company confirms that it is not aware of any new information or data that materially affect the information in those market releases and that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in“Technical Report — Central Ashanti Gold Project, Ghana” dated 30 May 2011 continue to apply.

    The information in this report that relates to Mineral Resources and Ore Reserves for Sissingué was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement released on 29 October 2018 and includes an update for depletion as at 30 June 2020.The information in this report that relates to Mineral Resources and Ore Reserves for the Fimbiasso East and West deposits, previously Bélé East and West respectively, was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement released on 26 August 2020. The Company confirms that material assumptions underpinning the estimates of Mineral Resources and Ore Reserves described in those market announcements. The Company confirms that it is not aware of any new information or data that materially affect the information in these market releases and that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in“Technical Report — Sissingué Gold Project, Côte d'Ivoire” dated 29 May 2015 continue to apply.

    The information in this report in relation to Yaouré Mineral Resource and Ore Reserve estimates was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement on 28 August 2019. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in“Technical Report — Yaouré Gold Project, Côte d'Ivoire” dated 18 December 2017 continue to apply.

    The information in this report and the attachments that relates to exploration drilling results 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.

    APPENDIX 1

    Figure 1.1: Yaouré Gold Project – Exploration Targets June 2021 Quarter is available at 

    Figure 1.2: Yaouré Gold Project – CMA SW Prospect June Quarter Results is available at 

    Figure 1.3: Yaouré Gold Project – CMA SW Cross Section is available at 

    Figure 1.4: Sissingué Gold Project - Regional Geology, Permits and Prospects is available at 

    Figure 1.5: Bagoé Gold Project – Main Prospects is available at 

    Fi gure 1.6: Edikan Gold Project – Regional Geology, Tenements and Prospects is available at 

    Table 1.1: Yaouré drill holes and significant assays

    Hole ID East
    (mE)
    North
    (mN)
    Drill Type Azimuth
    (°)
    Dip
    (°)
    Depth
    (m)
    No of samples From
    (m)
    To
    (m)
    Width
    (m)
    Grade
    (g/t)
    Degbezere
    YAC2076 207229 771601 AC 270 -60 50 NSI
    YAC2077 207195 771590 AC 270 -60 50 NSI
    YAC2078 207170 771590 AC 270 -60 50 NSI
    YAC2079 207145 771596 AC 270 -60 50 NSI
    YAC2080 207120 771596 AC 270 -60 50 NSI
    YAC2081 207095 771607 AC 270 -60 52 NSI
    YAC2082 207069 771605 AC 270 -60 50 NSI
    YAC2083 207044 771605 AC 270 -60 50 NSI
    YAC2084 207019 771605 AC 270 -60 58 NSI
    YAC2085 206990 771598 AC 270 -60 50 NSI
    YAC2086 206965 771600 AC 270 -60 50 NSI
    YAC2087 206940 771600 AC 270 -60 54 NSI
    YAC2088 206913 771600 AC 270 -60 52 NSI
    YAC2089 206887 771600 AC 270 -60 50 NSI
    YAC2090 206862 771607 AC 270 -60 50 NSI
    YAC2091 206837 771613 AC 270 -60 50 NSI
    YAC2092 206812 771623 AC 270 -60 50 NSI
    YAC2093 206787 771632 AC 270 -60 50 NSI
    YAC2094 206762 771631 AC 270 -60 50 NSI
    YAC2095 206737 771611 AC 270 -60 52 NSI
    YAC2096 206711 771581 AC 270 -60 50 NSI
    YAC2097 206686 771568 AC 270 -60 50 NSI
    YAC2098 206661 771565 AC 270 -60 50 NSI
    YAC2099 206636 771557 AC 270 -60 50 NSI
    YAC2100 206611 771563 AC 270 -60 50 NSI
    YAC2101 206586 771575 AC 270 -60 50 NSI
    YAC2102 206561 771590 AC 270 -60 51 NSI
    YAC2103 206536 771592 AC 270 -60 50 NSI
    YAC2104 206511 771598 AC 270 -60 50 NSI
    YAC2105 206486 771602 AC 270 -60 50 NSI
    YAC2106 206472 771603 AC 270 -60 50 NSI
    YAC2107 206436 771605 AC 270 -60 50 NSI
    YAC2108 206411 771609 AC 270 -60 50 NSI
    YAC2109 206386 771607 AC 270 -60 50 NSI
    YAC2110 206361 771607 AC 270 -60 52 NSI
    YAC2111 206336 771607 AC 270 -60 50 NSI
    YAC2112 206311 771603 AC 270 -60 50 NSI
    YAC2113 206286 771597 AC 270 -60 50 NSI
    YAC2114 206261 771595 AC 270 -60 52 NSI
    YAC2115 206235 771594 AC 270 -60 50 NSI
    YAC2116 206210 771603 AC 270 -60 50 NSI
    YAC2117 206185 771606 AC 270 -60 50 NSI
    YAC2118 206160 771605 AC 270 -60 47 NSI
    YAC2119 206135 771602 AC 270 -60 49 NSI
    YAC2120 206110 771602 AC 270 -60 50 NSI
    YAC2121 206085 771605 AC 270 -60 48 NSI
    YAC2122 206061 771602 AC 270 -60 54 NSI
    YAC2123 206033 771601 AC 270 -60 50 NSI
    YAC2124 206009 774603 AC 270 -60 50 NSI
    YAC2125 205984 771601 AC 270 -60 50 NSI
    YAC2126 205959 771595 AC 270 -60 50 NSI
    YAC2127 205934 771593 AC 270 -60 50 1 12 16 4 0.56
    YAC2128 205909 771597 AC 270 -60 50 NSI
    YAC2129 205884 771601 AC 270 -60 52 NSI
    YAC2130 205858 771604 AC 270 -60 50 NSI
    YAC2131 205833 771601 AC 270 -60 50 3 40 50 10 0.3
    YAC2132 205808 771603 AC 270 -60 50 1 20 24 4 0.23
    YAC2132 205808 771603 AC 270 -60 50 1 36 40 4 0.22
    YAC2133 205783 771604 AC 270 -60 50 2 44 50 6 1.29
    YAC2134 205758 771613 AC 270 -60 52 NSI
    YAC2135 205732 771621 AC 270 -60 52 NSI
    YAC2136 205707 771623 AC 270 -60 50 NSI
    YAC2137 205682 771607 AC 270 -60 50 NSI
    YAC2138 205657 771600 AC 270 -60 50 NSI
    YAC2139 205627 771579 AC 270 -60 55 NSI
    YAC2140 205600 771564 AC 270 -60 50 NSI
    YAC2141 205464 771613 AC 270 -60 48 NSI
    YAC2142 205439 771614 AC 270 -60 51 NSI
    YAC2143 205415 771611 AC 270 -60 50 NSI
    YAC2144 207139 771998 AC 270 -60 52 NSI
    YAC2145 207113 771997 AC 270 -60 50 NSI
    YAC2146 207088 771997 AC 270 -60 50 NSI
    YAC2147 207063 771995 AC 270 -60 58 NSI
    YAC2148 207035 771994 AC 270 -60 50 NSI
    YAC2149 207010 771997 AC 270 -60 50 NSI
    YAC2150 206985 771998 AC 270 -60 50 NSI
    YAC2151 206960 772001 AC 270 -60 50 NSI
    YAC2152 206935 772005 AC 270 -60 50 NSI
    YAC2153 206910 772002 AC 270 -60 52 1 48 52 4 0.28
    YAC2154 206884 772003 AC 270 -60 51 NSI
    YAC2155 206859 772002 AC 270 -60 50 NSI
    YAC2156 206834 772000 AC 270 -60 54 NSI
    YAC2157 206807 772000 AC 270 -60 50 NSI
    YAC2158 206782 772000 AC 270 -60 50 NSI
    YAC2159 206757 772000 AC 270 -60 50 NSI
    YAC2160 206728 771998 AC 270 -60 51 1 32 36 4 0.2
    YAC2161 206703 772000 AC 270 -60 58 NSI
    YAC2162 206673 7771998 AC 270 -60 50 1 0 4 4 1.03
    YAC2163 206648 772001 AC 270 -60 50 1 0 4 4 0.31
    YAC2164 206624 771994 AC 270 -60 50 NSI
    YAC2165 206599 772002 AC 270 -60 54 NSI
    YAC2166 206572 771997 AC 270 -60 50 1 0 8 8 0.22
    YAC2167 206547 772002 AC 270 -60 53 NSI
    YAC2168 206514 772000 AC 270 -60 55 NSI
    YAC2169 206487 772000 AC 270 -60 48 NSI
    YAC2170 206460 772007 AC 270 -60 50 NSI
    YAC2171 206435 772003 AC 270 -60 50 NSI
    YAC2172 206410 772005 AC 270 -60 54 NSI
    YAC2173 206383 772001 AC 270 -60 58 NSI
    YAC2174 206354 772000 AC 270 -60 48 NSI
    YAC2175 206328 771996 AC 270 -60 54 NSI
    YAC2176 206301 771991 AC 270 -60 50 NSI
    YAC2177 206276 771995 AC 270 -60 50 NSI
    YAC2178 206251 771998 AC 270 -60 50 NSI
    YAC2179 206226 772002 AC 270 -60 50 1 48 50 2 0.91
    YAC2180 206201 772001 AC 270 -60 50 NSI
    YAC2181 206176 772002 AC 270 -60 50 NSI
    YAC2182 206151 772002 AC 270 -60 50 1 12 16 4 0.21
    YAC2183 206126 772002 AC 270 -60 50 NSI
    YAC2184 206101 772002 AC 270 -60 51 NSI
    YAC2185 206076 771995 AC 270 -60 51 1 44 48 4 0.29
    YAC2186 206051 771995 AC 270 -60 51 NSI
    YAC2187 206026 772003 AC 270 -60 50 1 0 4 4 0.27
    YAC2188 206001 772002 AC 270 -60 50 NSI
    YAC2189 205976 772009 AC 270 -60 50 NSI
    YAC2190 205951 772009 AC 270 -60 50 NSI
    YAC2191 205926 772006 AC 270 -60 50 1 4 8 4 0.26
    YAC2192 205901 772006 AC 270 -60 50 1 28 32 4 0.25
    YAC2193 205876 772008 AC 270 -60 52 NSI
    YAC2194 205848 772010 AC 270 -60 50 NSI
    YAC2195 205823 772006 AC 270 -60 50 NSI
    YAC2196 205798 772008 AC 270 -60 50 NSI
    YAC2197 205773 772006 AC 270 -60 50 NSI
    YAC2198 205748 772002 AC 270 -60 50 1 4 8 4 0.29
    YAC2199 205723 771998 AC 270 -60 50 NSI
    YAC2200 205698 771996 AC 270 -60 50 1 0 4 4 0.3
    YAC2200 205698 771996 AC 270 -60 50 4 12 28 16 0.33
    YAC2201 205673 771997 AC 270 -60 50 NSI
    YAC2202 205648 772000 AC 270 -60 50 NSI
    YAC2203 205623 771996 AC 270 -60 54 NSI
    YAC2204 205596 772000 AC 270 -60 50 NSI
    YAC2205 205571 772006 AC 270 -60 52 NSI
    YAC2206 205545 772000 AC 270 -60 50 NSI
    YAC2207 205520 771998 AC 270 -60 50 NSI
    YAC2208 205495 771997 AC 270 -60 50 NSI
    YAC2209 205470 771998 AC 270 -60 52 NSI
    YAC2210 205444 771999 AC 270 -60 50 NSI
    YAC2211 205419 772001 AC 270 -60 50 NSI
    YAC2212 208697 772000 AC 270 -60 54 NSI
    YAC2213 208670 772000 AC 270 -60 52 NSI
    YAC2214 208644 772000 AC 270 -60 50 NSI
    YAC2215 208619 772000 AC 270 -60 50 NSI
    YAC2216 208594 772002 AC 270 -60 50 NSI
    YAC2217 208569 772004 AC 270 -60 50 NSI
    YAC2218 208544 772005 AC 270 -60 50 NSI
    YAC2219 208519 772007 AC 270 -60 50 NSI
    YAC2220 208494 772009 AC 270 -60 50 NSI
    YAC2221 208469 772007 AC 270 -60 50 NSI
    YAC2222 208444 772002 AC 270 -60 50 1 20 24 4 0.21
    YAC2223 208419 772001 AC 270 -60 51 NSI
    YAC2224 208394 772001 AC 270 -60 51 NSI
    YAC2225 208369 771998 AC 270 -60 52 1 16 20 4 0.33
    YAC2226 208343 771993 AC 270 -60 50 NSI
    YAC2227 208318 771997 AC 270 -60 52 NSI
    YAC2228 208267 771985 AC 270 -60 50 NSI
    YAC2229 208242 771989 AC 270 -60 52 NSI
    YAC2230 208216 771992 AC 270 -60 51 NSI
    YAC2231 208191 771997 AC 270 -60 52 NSI
    YAC2232 208165 771995 AC 270 -60 54 NSI
    YAC2233 208138 772002 AC 270 -60 50 NSI
    YAC2234 208113 772012 AC 270 -60 54 NSI
    YAC2235 208086 771995 AC 270 -60 54 NSI
    YAC2236 208059 771995 AC 270 -60 53 NSI
    YAC2237 208023 772002 AC 270 -60 50 NSI
    YAC2238 207998 772011 AC 270 -60 50 1 44 48 4 0.28
    YAC2239 207973 772019 AC 270 -60 0 NSI
    YAC2240 207955 772021 AC 270 -60 51 NSI
    YAC2241 207933 772014 AC 270 -60 50 NSI
    YAC2242 207912 772005 AC 270 -60 50 NSI
    YAC2243 207879 772008 AC 270 -60 50 NSI
    YAC2244 207854 772006 AC 270 -60 50 NSI
    YAC2245 207829 772011 AC 270 -60 52 NSI
    YAC2246 207804 772006 AC 270 -60 50 1 28 32 4 0.22
    YAC2247 207779 772003 AC 270 -60 50 NSI
    YAC2248 207754 771997 AC 270 -60 50 NSI
    YAC2249 207621 771994 AC 270 -60 50 1 8 12 4 0.28
    YAC2250 207596 772000 AC 270 -60 54 NSI
    YAC2251 207569 772002 AC 270 -60 54 NSI
    YAC2252 207542 772000 AC 270 -60 54 NSI
    YAC2253 207515 772004 AC 270 -60 54 NSI
    YAC2254 207488 772000 AC 270 -60 50 NSI
    YAC2255 207463 772006 AC 270 -60 52 NSI
    YAC2256 207437 772000 AC 270 -60 52 NSI
    YAC2257 207411 772003 AC 270 -60 50 NSI
    YAC2258 207386 772004 AC 270 -60 50 NSI
    YAC2259 207361 772005 AC 270 -60 54 NSI
    YAC2260 207335 772000 AC 270 -60 54 NSI
    YAC2261 207309 771993 AC 270 -60 50 1 4 8 4 0.3
    YAC2262 207284 771997 AC 270 -60 50 1 40 44 4 0.23
    YAC2263 207259 772000 AC 270 -60 50 NSI
    YAC2264 207234 772003 AC 270 -60 50 1 24 28 4 0.3
    YAC2265 207209 772003 AC 270 -60 52 2 32 40 8 0.32
    YAC2266 207183 772003 AC 270 -60 50 NSI
    YAC2267 207158 772001 AC 270 -60 50 NSI
    YAC2268 208280 772400 AC 270 -60 50 NSI
    YAC2269 208255 772402 AC 270 -60 54 NSI
    YAC2270 208228 772402 AC 270 -60 50 NSI
    YAC2271 208203 772401 AC 270 -60 54 NSI
    YAC2272 208178 772400 AC 270 -60 60 NSI
    YAC2273 208149 772399 AC 270 -60 56 NSI
    YAC2274 208121 772400 AC 270 -60 52 NSI
    YAC2275 208095 772405 AC 270 -60 51 NSI
    YAC2276 208070 772400 AC 270 -60 54 NSI
    YAC2277 208043 772401 AC 270 -60 54 NSI
    YAC2278 208016 772400 AC 270 -60 50 NSI
    YAC2279 207991 772400 AC 270 -60 51 NSI
    YAC2280 207966 772400 AC 270 -60 50 NSI
    YAC2281 207941 772400 AC 270 -60 51 NSI
    YAC2282 207916 772398 AC 270 -60 50 NSI
    YAC2283 207891 772401 AC 270 -60 50 NSI
    YAC2284 207866 772402 AC 270 -60 54 NSI
    YAC2285 207839 772400 AC 270 -60 54 NSI
    YAC2286 207812 772401 AC 270 -60 54 NSI
    YAC2287 207785 772401 AC 270 -60 51 NSI
    YAC2288 207766 772396 AC 1 8 12 4 0.4
    YAC2289 207741 772401 AC 270 -60 52 NSI
    YAC2290 207715 772398 AC 270 -60 50 NSI
    YAC2291 207690 772397 AC 270 -60 50 NSI
    YAC2292 207665 772396 AC 270 -60 51 NSI
    YAC2293 207640 772397 AC 270 -60 51 NSI
    YAC2294 207615 772397 AC 270 -60 52 NSI
    YAC2295 207589 772398 AC 270 -60 51 NSI
    YAC2296 207563 772396 AC 270 -60 50 NSI
    YAC2297 207538 772397 AC 1 0 4 4 1.81
    YAC2298 207513 772395 AC 270 -60 51 NSI
    YAC2299 207488 772397 AC 270 -60 54 NSI
    YAC2300 207441 772401 AC 270 -60 44 NSI
    YAC2301 207419 772400 AC 270 -60 44 NSI
    YAC2302 207397 772400 AC 270 -60 52 NSI
    YAC2303 207371 772403 AC 1 48 52 4 0.22
    YAC2304 207345 772400 AC 1 12 16 4 0.83
    YAC2305 207318 772400 AC 270 -60 54 NSI
    YAC2306 207291 772395 AC 270 -60 54 NSI
    YAC2307 207264 772388 AC 270 -60 54 NSI
    YAC2308 207222 772392 AC 270 -60 57 NSI
    YAC2309 207194 772398 AC 270 -60 54 NSI
    YAC2310 207167 772400 AC 2 12 20 8 0.27
    YAC2310 207167 772400 AC 1 40 44 4 0.93
    YAC2311 207142 772404 AC 270 -60 50 NSI
    YAC2312 207117 772406 AC 270 -60 50 NSI
    YAC2313 207092 772404 AC 270 -60 50 NSI
    YAC2314 207067 772402 AC 270 -60 50 NSI
    YAC2315 207042 772402 AC 270 -60 50 NSI
    YAC2316 207017 772400 AC 270 -60 50 NSI
    YAC2317 206992 772400 AC 270 -60 53 NSI
    YAC2318 206966 772396 AC 1 4 8 4 0.67
    YAC2319 206966 772396 AC 270 -60 50 NSI
    YAC2320 206939 772396 AC 270 -60 50 NSI
    YAC2321 206882 772400 AC 270 -60 54 NSI
    YAC2322 206855 772400 AC 1 20 24 4 0.24
    YAC2323 206830 772400 AC 270 -60 52 NSI
    YAC2324 206804 772400 AC 270 -60 60 NSI
    YAC2325 206774 772400 AC 1 12 16 4 0.2
    YAC2326 206744 772400 AC 270 -60 54 NSI
    YAC2327 206717 772400 AC 270 -60 54 NSI
    YAC2328 206690 772399 AC 1 16 20 4 0.28
    YAC2329 206665 772400 AC 270 -60 54 NSI
    YAC2330 206638 772402 AC 270 -60 50 NSI
    YAC2331 206613 772400 AC 270 -60 50 NSI
    YAC2332 206588 772402 AC 270 -60 50 NSI
    YAC2333 206563 772406 AC 270 -60 50 NSI
    YAC2334 206538 772404 AC 270 -60 50 NSI
    YAC2335 206513 772405 AC 270 -60 50 NSI
    YAC2336 206488 772404 AC 270 -60 51 NSI
    YAC2337 206459 772399 AC 1 0 4 4 0.81
    YAC2338 206434 772402 AC 270 -60 54 NSI
    YAC2339 206407 772402 AC 270 -60 54 NSI
    YAC2340 206380 772400 AC 270 -60 54 NSI
    YAC2341 206353 772400 AC 270 -60 51 NSI
    YAC2342 206328 772402 AC 270 -60 50 NSI
    YAC2343 206303 772396 AC 1 8 12 4 0.3
    YAC2344 206278 772400 AC 270 -60 51 NSI
    YAC2345 206253 772404 AC 270 -60 50 NSI
    YAC2346 206228 772401 AC 270 -60 50 NSI
    YAC2347 206203 772404 AC 270 -60 52 NSI
    YAC2348 206177 772400 AC 270 -60 51 NSI
    YAC2349 206152 772401 AC 1 28 32 4 0.31
    YAC2350 206127 772401 AC 1 52 55 3 0.25
    YAC2351 206100 772401 AC 270 -60 51 NSI
    YAC2352 206075 772400 AC 1 0 4 4 2.07
    YAC2353 206050 772406 AC 270 -60 50 NSI
    YAC2354 206025 772402 AC 1 32 36 4 0.21
    YAC2355 206000 772400 AC 270 -60 50 NSI
    CMA East
    YRC1760 223150 777010 RC 104 Assay pending
    YRC1761 223565 776400 RC 100 Assay pending
    YRC1762 223764 776280 RC 102 Assay pending
    YRC1763 223355 776359 RC 100 Assay pending
    YRC1764 223669 776375 RC 100 Assay pending
    YRC1765 223455 776359 RC 100 Assay pending
    YRC1766 223263 776404 RC 100 Assay pending
    YRC1767 223334.29 776893.94 RC 100 Assay pending
    YRC1768 223443 776902 RC 120 Assay pending
    YRC1769 223575 775900 RC 102 Assay pending
    YRC1770 223250 776900 RC 100 Assay pending
    YRC1782 221900 777815 RC 120 Assay pending
    YRC1783 221817 777805 RC 80 Assay pending
    YRC1784 221780 777800 RC 60 Assay pending
    YRC1785 221935 777587 RC 80 Assay pending
    YRC1786 221895 777587 RC 80 Assay pending
    YRC1787 221855 777587 RC 80 Assay pending
    YRC1788 221815 777587 RC 60 Assay pending
    YRC1789 221925 777387 RC 80 Assay pending
    YRC1790 221885 777387 RC 80 Assay pending
    YRC1791 221845 777387 RC 80 Assay pending
    YRC1792 221805 777387 RC 60 Assay pending
    YRC1793 221880 777187 RC 60 Assay pending
    YRC1794 221920 777187 RC 80 Assay pending
    YRC1795 221960 777187 RC 80 Assay pending
    YRC1796 222000 777187 RC 80 Assay pending
    YRC1797 221960 776987 RC 60 Assay pending
    YRC1798 222000 776987 RC 80 Assay pending
    YRC1799 222220 776580 RC 100 Assay pending
    YRC1800 222190 776820 RC 80 Assay pending
    YRC1801 222160 776790 RC 80 Assay pending
    CMA SW
    YRC1624 221202 776461 RC 325 -55 30 15 0 15 15 0.48
    YRC1624 221202 776461 RC 325 -55 30 4 18 22 4 0.57
    YRC1625 221216 776441 RC 325 -55 45 2 0 4 4 0.45
    YRC1625 221216 776441 RC 325 -55 45 5 14 20 6 0.37
    YRC1625 221216 776441 RC 325 -55 45 18 23 41 18 0.75
    YRC1626 221229 776421 RC 325 -55 60 2 0 4 4 0.35
    YRC1626 221229 776421 RC 325 -55 60 1 8 10 2 0.22
    YRC1626 221229 776421 RC 325 -55 60 4 55 59 4 0.65
    YRC1627 221243 776402 RC 325 -55 70 1 0 2 2 0.2
    YRC1627 221243 776402 RC 325 -55 70 1 26 28 2 0.22
    YRC1627 221243 776402 RC 325 -55 70 3 64 67 3 0.55
    YRC1628 221181 776446 RC 325 -55 30 20 2 22 20 0.37
    YRC1629 221196 776426 RC 325 -55 45 1 0 2 2 0.37
    YRC1629 221196 776426 RC 325 -55 45 3 18 21 3 1.61
    YRC1629 221196 776426 RC 325 -55 45 15 24 39 15 0.3
    YRC1630 221209 776406 RC 325 -55 60 2 0 4 4 0.29
    YRC1630 221209 776406 RC 325 -55 60 5 39 44 5 0.5
    YRC1630 221209 776406 RC 325 -55 60 3 53 56 3 1.12
    YRC1631 221223 776387 RC 325 -55 70 1 0 2 2 0.32
    YRC1631 221223 776387 RC 325 -55 70 1 32 34 2 0.25
    YRC1631 221223 776387 RC 325 -55 70 2 42 44 2 0.5
    YRC1631 221223 776387 RC 325 -55 70 11 59 70 11 1.16
    YRC1632 221217 776352 RC 325 -55 75 2 50 52 2 0.81
    YRC1633 221203 776371 RC 325 -55 65 1 30 32 2 0.61
    YRC1634 221191 776345 RC 325 -55 65 6 46 52 6 0.23
    YRC1634 221191 776345 RC 325 -55 65 4 57 61 4 0.26
    YRC1635 221194 776298 RC 325 -55 95 4 80 84 4 0.92
    YRC1635 221194 776298 RC 325 -55 95 2 88 90 2 1.11
    YRC1636 221164 776297 RC 325 -55 90 15 64 79 15 0.29
    YRC1636 221164 776297 RC 325 -55 90 3 83 86 3 0.32
    YRC1637 221174 776282 RC 325 -55 95 5 78 83 5 0.74
    YRC1637 221174 776282 RC 325 -55 95 3 92 95 3 0.57
    YRC1638 221141 776286 RC 325 -55 85 2 0 4 4 0.35
    YRC1638 221141 776286 RC 325 -55 85 3 61 64 3 1.95
    YRC1638 221141 776286 RC 325 -55 85 8 77 85 8 1.58
    YRC1639 221124 776267 RC 325 -55 80 2 0 4 4 0.33
    YRC1639 221124 776267 RC 325 -55 80 1 32 34 2 0.26
    YRC1639 221124 776267 RC 325 -55 80 4 60 64 4 0.67
    YRC1639 221124 776267 RC 325 -55 80 8 67 75 8 0.8
    YRC1640 221154 776267 RC 325 -55 95 1 38 40 2 0.27
    YRC1640 221154 776267 RC 325 -55 95 8 72 80 8 0.35
    YRC1640 221154 776267 RC 325 -55 95 2 90 92 2 1.37
    YRC1641 221126 776220 RC 325 -55 90 1 54 56 2 0.34
    YRC1641 221126 776220 RC 325 -55 90 6 71 77 6 1.86
    YRC1642 221119 776187 RC 325 -55 96 5 69 74 5 0.33
    YRC1642 221119 776187 RC 325 -55 96 7 77 84 7 2.66
    YRC1643 221098 776172 RC 325 -55 95 1 2 4 2 0.29
    YRC1643 221098 776172 RC 325 -55 95 8 79 87 8 1.91
    YRC1644 221051 776153 RC 325 -55 80 1 0 2 2 0.23
    YRC1644 221051 776153 RC 325 -55 80 2 8 12 4 0.87
    YRC1644 221051 776153 RC 325 -55 80 3 67 70 3 3.32
    YRC1645 221046 776116 RC 325 -55 91 2 6 10 4 0.26
    YRC1645 221046 776116 RC 325 -55 91 8 77 85 8 1.69
    YRC1646 221031 776138 RC 325 -55 75 1 28 30 2 0.2
    YRC1646 221031 776138 RC 325 -55 75 4 65 69 4 0.96
    YRC1647 221027 776100 RC 325 -55 95 1 24 26 2 0.71
    YRC1647 221027 776100 RC 325 -55 95 4 80 84 4 1.23
    YRC1648 221013 776121 RC 325 -55 80 1 4 6 2 0.21
    YRC1648 221013 776121 RC 325 -55 80 3 10 16 6 1.09
    YRC1648 221013 776121 RC 325 -55 80 1 20 22 2 0.32
    YRC1648 221013 776121 RC 325 -55 80 10 44 54 10 0.41
    YRC1648 221013 776121 RC 325 -55 80 8 62 70 8 1.14
    YRC1649 220991 776108 RC 325 -55 76 2 18 21 3 0.35
    YRC1649 220991 776108 RC 325 -55 76 10 24 34 10 0.77
    YRC1649 220991 776108 RC 325 -55 76 13 57 70 13 1.31
    YRC1650 220975 776087 RC 325 -55 80 2 0 4 4 0.29
    YRC1650 220975 776087 RC 325 -55 80 1 16 18 2 0.21
    YRC1650 220975 776087 RC 325 -55 80 9 60 69 9 2.53
    YRC1651 221106 776120 RC 325 -55 126 Assay pending
    YRC1652 221065 776133 RC 325 -55 98 Assay pending
    YRC1653 220943 776134 RC 325 -55 47 Assay pending
    YRC1654 220922 776119 RC 325 -55 45 Assay pending
    YRC1655 221130 776385 RC 165 -90 20 Assay pending
    YRC1656 221121 776357 RC 135 -90 35 Assay pending
    YRC1657 221160 776384 RC 165 -90 20 Assay pending
    YRC1658 221144 776369 RC 270 -90 32 Assay pending
    YRC1659 221106 776336 RC 75 -90 30 Assay pending
    YRC1660 221088 776318 RC 110 -90 31 Assay pending
    YRC1661 220790 775959 RC 325 -70 80 Assay pending
    YRC1662 220787 775963 RC 325 -55 82 Assay pending
    YRC1663 220766 775950 RC 325 -70 80 Assay pending
    YRC1664 220762 775955 RC 325 -55 80 Assay pending
    YRC1665 220733 775910 RC 325 -55 80 Assay pending
    YRC1666 220717 775933 RC 325 -55 65 Assay pending
    YRC1667 220741 775942 RC 325 -55 67 Assay pending
    YRC1668 220710 775899 RC 325 -55 70 Assay pending
    YRC1669 220695 775921 RC 325 -55 69 Assay pending
    YRC1670 220661 775926 RC 325 -50 48 Assay pending
    YRC1671 220990 776068 RC 325 -55 90 1 22 24 2 0.22
    YRC1671 220990 776068 RC 325 -55 90 2 78 80 2 0.68
    YRC1672 220970 776051 RC 325 -55 90 1 8 10 2 0.39
    YRC1672 220970 776051 RC 325 -55 90 7 74 81 7 1.77
    YRC1673 220934 776059 RC 325 -55 80 2 2 6 4 0.56
    YRC1673 220934 776059 RC 325 -55 80 2 63 65 2 2.94
    YRC1673 220934 776059 RC 325 -55 80 2 68 70 2 0.93
    YRC1674 220954 776053 RC 325 -55 95 6 72 78 6 1.24
    YRC1675 220909 776050 RC 325 -55 72 1 0 2 2 0.3
    YRC1675 220909 776050 RC 325 -55 72 2 28 32 4 0.46
    YRC1675 220909 776050 RC 325 -55 72 13 49 62 13 1.08
    YRC1676 220939 776008 RC 325 -55 100 1 38 40 2 0.59
    YRC1676 220939 776008 RC 325 -55 100 6 82 88 6 2.48
    YRC1677 220905 776017 RC 325 -55 90 1 26 28 2 0.37
    YRC1677 220905 776017 RC 325 -55 90 1 52 54 2 0.3
    YRC1677 220905 776017 RC 325 -55 90 5 58 64 6 0.32
    YRC1677 220905 776017 RC 325 -55 90 5 73 78 5 0.52
    YRC1678 220890 776034 RC 325 -55 75 1 32 34 2 0.66
    YRC1678 220890 776034 RC 325 -55 75 3 44 47 3 3.83
    YRC1678 220890 776034 RC 325 -55 75 5 59 64 5 0.79
    YRC1679 220885 775998 RC 325 -55 90 7 36 50 14 1.61
    YRC1679 220885 775998 RC 325 -55 90 5 75 80 5 1.06
    YRC1680 220865 775984 RC 325 -55 90 1 18 20 2 0.54
    YRC1680 220865 775984 RC 325 -55 90 2 24 28 4 0.55
    YRC1680 220865 775984 RC 325 -55 90 1 38 40 2 0.76
    YRC1680 220865 775984 RC 325 -55 90 3 44 50 6 0.28
    YRC1680 220865 775984 RC 325 -55 90 7 70 77 7 0.48
    YRC1681 220861 776032 RC 325 -55 72 5 0 10 10 0.24
    YRC1681 220861 776032 RC 325 -55 72 1 26 28 2 0.36
    YRC1681 220861 776032 RC 325 -55 72 8 55 63 8 0.56
    YRC1682 220871 776018 RC 325 -55 81 4 2 10 8 0.34
    YRC1682 220871 776018 RC 325 -55 81 1 14 16 2 0.28
    YRC1682 220871 776018 RC 325 -55 81 6 60 66 6 0.77
    YRC1683 220851 776003 RC 325 -55 80 6 61 67 6 0.84
    YRC1684 220842 776016 RC 325 -55 73 1 10 12 2 0.21
    YRC1684 220842 776016 RC 325 -55 73 3 16 22 6 0.28
    YRC1684 220842 776016 RC 325 -55 73 11 53 64 11 0.82
    YRC1685 220838 775977 RC 325 -55 85 Assay pending
    YRC1686 220798 775991 RC 325 -50 75 Assay pending
    YRC1687 220809 775975 RC 325 -55 80 Assay pending
    YRC1688 220811 775973 RC 325 -70 85 Assay pending
    YRC1689 220773 775983 RC 325 -55 72 Assay pending
    YRC1690 220749 775975 RC 325 -55 78 Assay pending
    YRC1691 220673 775909 RC 325 -55 58 Assay pending
    YRC1692 220687 775887 RC 325 -55 65 Assay pending
    YRC1693 220654 775892 RC 325 -55 60 Assay pending
    YRC1694 220630 775882 RC 325 -55 60 Assay pending
    YRC1695 220609 775872 RC 325 -55 54 Assay pending
    YRC1696 220582 775864 RC 325 -55 36 Assay pending
    YRC1697 220517 775900 RC 335 -85 45 Assay pending
    YRC1698 220570 775925 RC 105 -85 37 Assay pending
    YRC1699 220586 775946 RC 325 -55 36 Assay pending
    YRC1700 220592 775937 RC 65 -90 36 Assay pending
    YRC1704 220341 775860 RC 325 -55 30 Assay pending
    YRC1705 220354 775841 RC 325 -55 40 Assay pending
    YRC1706 220368 775821 RC 325 -55 50 Assay pending
    YRC1707 220381 775802 RC 325 -55 47 Assay pending
    YRC1708 220403 775814 RC 325 -55 70 Assay pending
    YRC1709 220388 775835 RC 325 -55 55 Assay pending
    YRC1710 220375 775855 RC 325 -55 38 Assay pending
    YRC1710A 220375 775855 RC 325 -55 54 Assay pending
    YRC1711 220361 775875 RC 325 -55 35 Assay pending
    YRC1712 220434 775814 RC 325 -55 74 Assay pending
    YRC1713 220424 775829 RC 325 -55 60 Assay pending
    YRC1714 220405 775859 RC 325 -55 45 Assay pending
    YRC1715 220391 775876 RC 325 -55 30 Assay pending
    YRC1716 220419 775879 RC 325 -55 35 Assay pending
    YRC1717 220448 775838 RC 325 -55 60 Assay pending
    YRC1718 220462 775818 RC 325 -55 90 Assay pending
    YRC1719 220484 775830 RC 325 -55 63 Assay pending
    YRC1720 220499 775808 RC 325 -55 76 Assay pending
    YRC1721 220478 775882 RC 305 -85 50 Assay pending
    YRC1722 221069 776299 RC 165 -85 30 Assay pending
    YRC1723 221055 776278 RC 130 -85 30 Assay pending
    YRC1724 221038 776259 RC 160 -85 25 Assay pending
    YRC1725 220605 775918 RC 200 -85 50 Assay pending
    YRC1726 220583 775906 RC 135 -85 51 Assay pending
    YRC1727 220558 775899 RC 280 -85 36 Assay pending
    YRC1728 220610 775955 RC 325 -85 36 Assay pending
    YRC1729 220637 775960 RC 225 -85 39 Assay pending
    YRC1730 220616 775946 RC 200 -85 40 Assay pending
    YRC1731 220655 775978 RC 300 -85 30 Assay pending
    YRC1732 220650 775984 RC 325 -55 25 Assay pending
    YRC1733 220630 775970 RC 325 -55 30 Assay pending
    YRC1734 220687 775976 RC 325 -55 42 Assay pending
    YRC1735 220672 775997 RC 325 -55 25 Assay pending
    YRC1736 220695 776008 RC 325 -55 25 Assay pending
    YRC1737 220715 776023 RC 325 -55 25 Assay pending
    YRC1738 220743 776026 RC 325 -90 35 Assay pending
    YRC1739 220738 776033 RC 325 -55 25 Assay pending
    YRC1740 220765 776039 RC 325 -90 40 Assay pending
    YRC1741 220786 776053 RC 325 -55 31 Assay pending
    YRC1742 220794 776041 RC 325 -70 40 Assay pending
    YRC1743 220816 776053 RC 325 -65 40 Assay pending
    YRC1744 220720 776016 RC 50 -85 35 Assay pending
    YRC1745 220699 776002 RC 30 -85 35 Assay pending
    YRC1746 221020 776240 RC 170 -85 30 Assay pending
    YRC1747 220900 776107 RC 325 -55 45 Assay pending
    YRC1748 220953 776082 RC 325 -55 80 Assay pending
    YRC1749 220835 776074 RC 325 -70 41 Assay pending
    YRC1750 220823 776092 RC 290 -80 25 Assay pending
    YRC1751 220803 776074 RC 325 -65 25 Assay pending
    YRC1752 220763 776042 RC 325 -50 25 Assay pending
    YRC1753 220856 776081 RC 325 -55 35 Assay pending
    YRC1754 220879 776093 RC 325 -90 35 Assay pending
    YRC1755 220959 776153 RC 325 -55 40 Assay pending
    YRC1756 220979 776168 RC 325 -55 40 Assay pending
    YRC1757 221001 776181 RC 325 -55 40 Assay pending
    YRC1758 221032 776180 RC 325 -50 65 Assay pending
    YRC1759 221069 776215 RC 325 -55 72 Assay pending
    Kongonza
    YDD0563 223025 775019 DD 225 -50 220.4 Assay Pending
    YRC1771 223575 775900 RC 270 -60 84 Assay Pending
    YRC1772 223620 775890 RC 270 -60 90 Assay Pending
    YRC1773 223474 775899 RC 270 -60 87 Assay Pending
    YRC1774 223473 775900 RC 270 -60 90 Assay Pending
    YRC1775 223878 774985 RC 270 -60 103 Assay Pending
    YRC1776 223831 774991 RC 265 -60 95 Assay Pending
    YRC1777 223627 774985 RC 270 -60 90 Assay Pending
    YRC1778 223527 774985 RC 265 -60 84 Assay Pending
    YRC1779 223572 774973 RC 270 -60 96 Assay Pending
    YRC1780 223441 774927 RC 270 -60 90 Assay Pending
    YRC1781 224477 774974 RC 270 -60 95 Assay Pending
    YRC1802 223670 774935 RC 270 -60 84 Assay Pending
    YRC1803 223723 774893 RC 270 -60 120 Assay Pending
    YRC1804 223768 774622 RC 270 -60 81 Assay Pending
    YRC1805 223507 774583 RC 270 -60 96 Assay Pending
    YRC1806 223563 774585 RC 270 -60 100 Assay Pending
    YRC1807 223613 774585 RC 270 -60 100 Assay Pending
    YRC1808 223663 774585 RC 270 -60 84 Assay Pending
    YRC1809 223713 774585 RC 270 -60 87 Assay Pending
    YRC1810 223863 774585 RC 270 -60 84 Assay Pending
    YRC1811 223794 774567 RC 270 -60 88 Assay Pending
    YRC1812 223763 774585 RC 270 -60 84 Assay Pending
    YRC1813 223674 775385 RC 270 -60 90 Assay Pending
    YRC1814 223724 775385 RC 270 -60 86 Assay Pending
    Govisou
    YRC1458D 219298 777439 RC_DD 140 -55 132 Assay Pending
    YRC1558D 219286 777479 RC_DD 140 -55 168.8 Assay Pending
    YRC1592D 219261 777504 RC_DD 135 -55 195.5 Assay Pending
    YRC1597D 219293 777501 RC_DD 135 -55 171.2 Assay Pending
    YRC1617D 219238 777502 RC_DD 135 -55 165.3 Assay Pending
    YRC1618D 219216 777493 RC_DD 140 -55 174.3 Assay Pending
    YRC1619D 219248 777517 RC_DD 135 -55 54 1 21 23 2 1.94
    YRC1619D 219248 777517 RC_DD 135 -55 54 2 37 41 4 0.81
    YRC1619D 219248 777517 RC_DD 135 -55 54 1 47 49 2 0.28
    YRC1620D 219264 777529 RC_DD 135 -55 54 1 3 5 2 0.56
    YRC1621 219298 777524 RC 135 -55 120 2 11 14 3 0.32
    YRC1621 219298 777524 RC 135 -55 120 4 18 26 8 0.21
    YRC1621 219298 777524 RC 135 -55 120 1 32 34 2 0.21
    YRC1621 219298 777524 RC 135 -55 120 9 39 57 18 0.46
    YRC1621 219298 777524 RC 135 -55 120 10 60 74 14 0.35
    YRC1621 219298 777524 RC 135 -55 120 14 77 97 20 0.32
    YRC1621 219298 777524 RC 135 -55 120 5 100 106 6 0.44
    YRC1621 219298 777524 RC 135 -55 120 1 110 112 2 0.26
    YRC1622 219260 777562 RC 135 -65 100 NSI
    YRC1623 219231 777534 RC 140 -70 100 6 9 19 10 0.41
    YRC1623 219231 777534 RC 140 -70 100 3 23 29 6 0.34
    YRC1623 219231 777534 RC 140 -70 100 2 33 37 4 0.36
    YRC1623 219231 777534 RC 140 -70 100 1 48 50 2 0.2
    YRC1701D 219223 777598 RC_DD 140 -55 325.3 Assay Pending
    YRC1702D 219173 777592 RC_DD 140 -50 350.1 Assay Pending
    YRC1703D 219141 777567 RC_DD 140 -55 330.2 Assay Pending

    Table 1.2: Bagoé drill holes and significant assays

    Hole ID East
    (mE)
    North
    (mN)
    Drill Type Azimuth
    (°)
    Dip
    (°)
    Depth
    (m)
    No of samples From
    (m)
    To
    (m)
    Width
    (m)
    Grade
    (g/t)
    Juliette
    BDRC0557 810411 1096469 RC 315 -55 71 Assay pending
    BDRC0558 810400 1096480 RC 315 -55 52 Assay pending
    BDRC0559 810445 1096506 RC 315 -55 71 Assay pending
    BDRC0560 810434 1096517 RC 315 -55 51 Assay pending
    BDRC0561 810637 1096738 RC 315 -55 70 Assay pending
    BDRC0562 810625 1096748 RC 315 -55 52 Assay pending
    BDRC0563 810603 1096702 RC 315 -55 76 Assay pending
    BDRC0564 810592 1096712 RC 315 -55 59 Assay pending
    BDRC0565 810586 1096647 RC 315 -55 86 Assay pending
    BDRC0566 810543 1096620 RC 315 -55 63 Assay pending
    BDRC0567 810532 1096631 RC 315 -55 44 Assay pending
    BDRC0568 810507 1096585 RC 315 -55 66 Assay pending
    BDRC0569 810477 1096544 RC 315 -55 70 Assay pending
    BDRC0570 810466 1096555 RC 315 -55 50 Assay pending
    BDRC0571 810496 1096596 RC 315 -55 48 Assay pending
    BDRC0572 810369 1096442 RC 315 -55 62 Assay pending
    BDRC0573 810397 1096440 RC 315 -55 80 Assay pending
    Brigette
    BDAC001730 814287 1104342 AC 270 -55 33 Assay pending
    BDAC001731 814267 1104339 AC 270 -55 32 Assay pending
    BDAC001732 814251 1104338 AC 270 -55 38 Assay pending
    BDAC001733 814230 1104342 AC 270 -55 41 Assay pending
    BDAC001734 814207 1104341 AC 270 -55 41 Assay pending
    BDAC001735 814187 1104341 AC 270 -55 40 Assay pending
    BDAC001736 814164 1104344 AC 270 -55 36 Assay pending
    BDAC001737 814130 1104355 AC 270 -55 41 Assay pending
    BDAC001738 814108 1104360 AC 270 -55 43 Assay pending
    BDAC001739 814091 1104362 AC 270 -55 55 Assay pending
    BDAC001740 814063 1104368 AC 270 -55 51 Assay pending
    BDAC001741 814035 1104599 AC 270 -55 44 Assay pending
    BDAC001742 814012 1104599 AC 270 -55 44 Assay pending
    BDAC001743 813989 1104600 AC 270 -55 28 Assay pending
    BDAC001744 813974 1104600 AC 270 -55 24 Assay pending
    BDAC001745 813961 1104600 AC 270 -55 22 Assay pending
    BDAC001746 813948 1104600 AC 270 -55 20 Assay pending
    BDAC001747 813936 1104600 AC 270 -55 26 Assay pending
    BDAC001748 813921 1104600 AC 270 -55 23 Assay pending
    BDAC001749 813907 1104600 AC 270 -55 19 Assay pending
    BDAC001750 813899 1104600 AC 270 -55 22 Assay pending
    BDAC001751 813885 1104599 AC 270 -55 23 Assay pending
    BDAC001752 813871 1104600 AC 270 -55 25 Assay pending
    BDAC001753 813856 1104600 AC 270 -55 32 Assay pending
    BDAC001754 813840 1104600 AC 270 -55 57 Assay pending
    BDAC001755 813808 1104599 AC 270 -55 59 Assay pending
    BDAC001756 813775 1104600 AC 270 -55 50 Assay pending
    BDAC001757 813747 1104600 AC 270 -55 40 Assay pending
    BDAC001758 813725 1104597 AC 270 -55 30 Assay pending
    BDAC001759 813709 1104599 AC 270 -55 38 Assay pending
    BDAC001760 813687 1104600 AC 270 -55 32 Assay pending
    BDAC001761 813669 1104600 AC 270 -55 29 Assay pending
    BDAC001762 813655 1104600 AC 270 -55 32 Assay pending
    BDAC001763 813638 1104599 AC 270 -55 30 Assay pending
    BDAC001764 813619 1104600 AC 270 -55 36 Assay pending
    BDAC001765 813599 1104599 AC 270 -55 46 Assay pending
    BDAC001766 813571 1104599 AC 270 -55 47 Assay pending
    BDAC001767 813547 1104600 AC 270 -55 49 Assay pending
    BDAC001768 813518 1104599 AC 270 -55 44 Assay pending
    BDAC001769 813490 1104600 AC 270 -55 41 Assay pending
    BDAC001770 814336 1105000 AC 270 -55 38 Assay pending
    BDAC001771 814315 1105000 AC 270 -55 40 Assay pending
    BDAC001772 814293 1104999 AC 270 -55 42 Assay pending
    BDAC001773 814270 1105001 AC 270 -55 34 Assay pending
    BDAC001774 814247 1105003 AC 270 -55 36 Assay pending
    BDAC001775 814226 1105000 AC 270 -55 45 Assay pending
    BDAC001776 814204 1104993 AC 270 -55 47 Assay pending
    BDAC001777 814175 1104993 AC 270 -55 41 Assay pending
    BDAC001778 814149 1104995 AC 270 -55 40 Assay pending
    BDAC001779 814127 1104997 AC 270 -55 36 Assay pending
    BDAC001780 814104 1104996 AC 270 -55 34 Assay pending
    BDAC001781 814080 1104994 AC 270 -55 46 Assay pending
    BDAC001782 814061 1104977 AC 270 -55 28 Assay pending
    BDAC001783 814044 1104960 AC 270 -55 22 Assay pending
    BDAC001784 814033 1104960 AC 270 -55 22 Assay pending
    BDAC001785 814019 1104960 AC 270 -55 23 Assay pending
    BDAC001786 814005 1104960 AC 270 -55 19 Assay pending
    BDAC001787 813995 1104961 AC 270 -55 22 Assay pending
    BDAC001788 813982 1104961 AC 270 -55 26 Assay pending
    BDAC001789 813968 1104961 AC 270 -55 34 Assay pending
    BDAC001790 813952 1104961 AC 270 -55 40 Assay pending
    BDAC001791 813929 1104965 AC 270 -55 44 Assay pending
    BDAC001792 813905 1104965 AC 270 -55 50 Assay pending
    BDAC001793 813869 1104965 AC 270 -55 42 Assay pending
    BDAC001794 813851 1104965 AC 270 -55 59 Assay pending
    BDAC001795 813833 1104965 AC 270 -55 53 Assay pending
    BDAC001796 813789 1104950 AC 270 -55 53 Assay pending
    BDAC001797 813759 1104950 AC 270 -55 58 Assay pending
    BDAC001798 813724 1104950 AC 270 -55 52 Assay pending
    BDAC001799 813699 1104950 AC 270 -55 55 Assay pending
    BDAC001800 813666 1104950 AC 270 -55 41 Assay pending
    BDAC001801 813646 1104950 AC 270 -55 57 Assay pending
    BDAC001802 813621 1104950 AC 270 -55 59 Assay pending
    BDAC001803 813613 1104902 AC 270 -55 55 Assay pending
    BDAC001804 813582 1104902 AC 270 -55 57 Assay pending
    BDAC001805 813546 1104902 AC 270 -55 52 Assay pending
    BDAC001806 813520 1104902 AC 270 -55 52 Assay pending
    BDAC001807 813492 1104978 AC 90 -55 39 Assay pending
    BDAC001808 813491 1104977 AC 270 -55 40 Assay pending
    BDAC001809 813473 1104978 AC 270 -55 47 Assay pending
    BDAC001810 813445 1104976 AC 270 -55 43 Assay pending
    BDAC001811 813423 1104971 AC 270 -55 50 Assay pending
    BDAC001812 813388 1104967 AC 270 -55 58 Assay pending
    Veronique SE
    BDRC0525 816701 1083305 RC 45 -55 60 Assay pending
    BDRC0526 816691 1083290 RC 45 -55 72 Assay pending
    BDRC0527 816715 1083319 RC 45 -55 36 Assay pending
    BDRC0528 816730 1083333 RC 45 -55 24 Assay pending
    BDRC0529 816704 1083279 RC 45 -55 71 Assay pending
    BDRC0530 816718 1083294 RC 45 -55 54 Assay pending
    BDRC0531 816733 1083308 RC 45 -55 36 Assay pending
    BDRC0532 816747 1083322 RC 45 -55 24 Assay pending
    BDRC0533 816721 1083268 RC 45 -55 72 Assay pending
    BDRC0534 816736 1083283 RC 45 -55 54 Assay pending
    BDRC0535 816750 1083297 RC 45 -55 36 Assay pending
    BDRC0536 816764 1083311 RC 45 -55 24 Assay pending
    BDRC0537 816740 1083259 RC 45 -55 52 Assay pending
    BDRC0538 816754 1083273 RC 45 -55 54 Assay pending
    BDRC0539 816768 1083287 RC 45 -55 36 Assay pending
    BDRC0540 816783 1083301 RC 45 -55 24 Assay pending
    BDRC0541 816758 1083249 RC 45 -55 71 Assay pending
    BDRC0542 816773 1083263 RC 45 -55 54 Assay pending
    BDRC0543 816787 1083277 RC 45 -55 36 Assay pending
    BDRC0544 816801 1083291 RC 45 -55 24 Assay pending
    BDRC0545 816777 1083239 RC 45 -55 72 Assay pending
    BDRC0546 816791 1083253 RC 45 -55 54 Assay pending
    BDRC0547 816805 1083267 RC 45 -55 36 Assay pending
    BDRC0548 816819 1083281 RC 45 -55 24 Assay pending
    BDRC0549 816794 1083228 RC 45 -55 72 Assay pending
    BDRC0550 816809 1083243 RC 45 -55 54 Assay pending
    BDRC0551 816823 1083257 RC 45 -55 36 Assay pending
    BDRC0552 816837 1083271 RC 45 -55 24 Assay pending
    BDRC0553 816851 1083257 RC 45 -55 24 Assay pending
    BDRC0554 816823 1083228 RC 45 -55 54 Assay pending
    BDRC0555 816809 1083214 RC 45 -55 72 Assay pending
    BDRC0556 816738 1083257 RC 45 -55 72 Assay pending
    Veronique South
    BDRC0574 815638 1082954 RC 45 -60 54 Assay pending
    BDRC0575 815623 1082938 RC 45 -60 60 Assay pending
    BDRC0576 815607 1082923 RC 45 -60 75 Assay pending
    BDRC0577 815573 1083115 RC 45 -60 31 Assay pending
    BDRC0578 815553 1083094 RC 45 -60 41 Assay pending
    BDRC0579 815525 1083067 RC 45 -60 72 Assay pending
    BDRC0580 815510 1083052 RC 45 -60 68 Assay pending
    BDRC0581 815538 1083079 RC 45 -60 44 Assay pending
    BDRC0582 815489 1083033 RC 45 -60 72 Assay pending
    BDRC0583 815751 1082841 RC 45 -60 58 Assay pending

    Table 1.3: Sissingué drill holes and significant assays

    Hole ID East
    (mE)
    North
    (mN)
    Drill Type Azimuth
    (°)
    Dip
    (°)
    Depth
    (m)
    No of samples From
    (m)
    To
    (m)
    Width
    (m)
    Grade
    (g/t)
    Tiana South (Gbeni)
    GBAC0012 802514 1129277 AC 250 -55 108 1 24 28 4 0.48
    GBAC0013 800521 1129087 AC 250 -55 65 NSI
    GBAC0014 800494 1129047 AC 250 -55 68 NSI
    GBAC0015 800459 1129041 AC 250 -55 93 NSI
    GBAC0016 800405 1129041 AC 250 -55 91 NSI
    GBAC0017 800357 1129024 AC 250 -55 77 NSI
    GBAC0018 800314 1129009 AC 250 -55 77 1 28 32 4 0.22
    GBAC0019 800270 1128995 AC 250 -55 74 NSI
    GBAC0020 800242 1128928 AC 250 -55 77 NSI
    GBAC0021 800206 1128908 AC 250 -55 81 NSI
    GBAC0022 800169 1128884 AC 250 -55 65 1 63 65 2 0.65
    GBAC0023 800136 1128867 AC 250 -55 71 NSI
    GBAC0024 800100 1128851 AC 250 -55 65 NSI
    GBAC0025 800065 1128837 AC 250 -55 53 1 28 32 4 1.38
    GBAC0026 800037 1128826 AC 250 -55 89 NSI
    GBAC0027 799997 1128812 AC 250 -55 107 NSI
    GBAC0028 799956 1128799 AC 250 -55 88 NSI
    GBAC0029 799922 1128791 AC 250 -55 83 NSI
    GBAC0030 802071 1131242 AC 250 -55 71 NSI
    GBAC0031 802036 1131227 AC 250 -55 72 NSI
    GBAC0032 802000 1131223 AC 250 -55 84 NSI
    GBAC0033 801980 1131155 AC 250 -55 90 NSI
    GBAC0034 801937 1131140 AC 250 -55 84 NSI
    GBAC0035 801898 1131127 AC 250 -55 96 NSI
    GBAC0036 801862 1131122 AC 250 -55 95 1 24 28 4 0.63
    GBAC0037 801819 1131098 AC 250 -55 92 NSI
    GBAC0038 801770 1131079 AC 250 -55 83 NSI
    GBAC0039 801759 1131125 AC 250 -55 74 NSI
    GBAC0040 801720 1131115 AC 250 -55 73 1 32 36 4 0.21
    GBAC0041 801685 1131103 AC 250 -55 77 NSI
    GBAC0042 801648 1131090 AC 250 -55 83 NSI
    GBAC0043 801608 1131070 AC 250 -55 100 1 0 4 4 0.24
    GBAC0043 801608 1131070 AC 250 -55 100 1 52 56 4 0.28
    GBAC0043 801608 1131070 AC 250 -55 100 2 76 84 8 4.21
    GBAC0044 801555 1131055 AC 250 -55 75 NSI
    GBAC0045 801516 1131040 AC 250 -55 101 NSI
    GBAC0046 801466 1131020 AC 250 -55 83 NSI
    GBAC0047 801431 1131008 AC 250 -55 75 NSI
    GBAC0048 801396 1130992 AC 250 -55 89 NSI
    GBAC0049 801353 1130978 AC 250 -55 77 NSI
    GBAC0050 801315 1130968 AC 250 -55 75 NSI
    GBAC0051 801278 1130957 AC 250 -55 65 NSI
    GBAC0052 801245 1130941 AC 250 -55 71 NSI
    GBAC0053 803088 1131079 AC 250 -55 59 NSI
    GBAC0054 803056 1131070 AC 250 -55 65 NSI
    GBAC0055 803023 1131055 AC 250 -55 71 NSI
    GBAC0056 802985 1131043 AC 250 -55 63 NSI
    GBAC0057 802950 1131033 AC 250 -55 59 NSI
    GBAC0058 802919 1131021 AC 250 -55 59 1 0 4 4 0.53
    GBAC0059 802888 1131011 AC 250 -55 62 NSI
    GBAC0060 802852 1130996 AC 250 -55 71 NSI
    GBAC0061 802819 1130983 AC 250 -55 71 NSI
    GBAC0062 802785 1130968 AC 250 -55 71 NSI
    GBAC0063 802749 1130957 AC 250 -55 71 NSI
    GBAC0064 802576 1130800 AC 250 -55 71 NSI
    GBAC0065 802535 1130801 AC 250 -55 77 NSI
    GBAC0066 802419 1130838 AC 250 -55 71 NSI
    GBAC0067 802374 1130817 AC 250 -55 65 1 40 44 4 0.48
    GBAC0067 802374 1130817 AC 250 -55 65 3 52 63 11 0.57
    GBAC0068 802344 1130814 AC 250 -55 65 NSI
    GBAC0069 802713 1130945 AC 250 -55 71 NSI
    GBAC0070 802680 1130933 AC 250 -55 71 NSI
    GBAC0071 802649 1130924 AC 250 -55 71 NSI
    GBAC0072 802613 1130913 AC 250 -55 71 NSI
    GBAC0073 802583 1130898 AC 250 -55 71 NSI
    GBAC0074 802235 1130218 AC 250 -55 71 NSI
    GBAC0075 802196 1130207 AC 250 -55 70 1 44 48 4 0.22
    GBAC0076 802158 1130199 AC 250 -55 71 NSI
    GBAC0077 802121 1130198 AC 250 -55 71 NSI
    GBAC0078 802092 1130186 AC 250 -55 71 NSI
    GBAC0079 802060 1130172 AC 250 -55 63 NSI
    GBAC0080 802028 1130162 AC 250 -55 68 NSI
    GBAC0081 801994 1130153 AC 250 -55 71 NSI
    GBAC0082 801957 1130140 AC 250 -55 72 NSI
    GBAC0083 801921 1130124 AC 250 -55 76 NSI
    GBAC0084 801887 1130114 AC 250 -55 62 NSI
    GBAC0085 801859 1130103 AC 250 -55 71 NSI
    GBAC0086 801826 1130091 AC 250 -55 71 NSI
    GBAC0087 801794 1130074 AC 250 -55 71 NSI
    GBAC0088 801797 1130022 AC 250 -55 71 NSI
    GBAC0089 801757 1130015 AC 250 -55 74 NSI
    GBAC0090 801728 1130010 AC 250 -55 77 1 24 28 4 0.34
    GBAC0091 801709 1129985 AC 250 -55 71 NSI
    GBAC0092 801675 1129975 AC 250 -55 77 NSI
    GBAC0093 801634 1129964 AC 250 -55 71 NSI
    GBAC0094 801602 1129951 AC 250 -55 71 NSI
    GBAC0095 802432 1130307 AC 250 -55 77 NSI
    GBAC0096 802392 1130296 AC 250 -55 77 1 75 77 2 0.2
    GBAC0097 802354 1130278 AC 250 -55 71 NSI
    GBAC0098 802314 1130267 AC 250 -55 59 NSI
    GBAC0099 802268 1130241 AC 250 -55 59 NSI
    GBAC0100 802684 1130397 AC 250 -55 71 NSI
    GBAC0101 802640 1130385 AC 250 -55 71 NSI
    GBAC0102 802605 1130362 AC 250 -55 63 NSI
    GBAC0103 802566 1130361 AC 250 -55 69 NSI
    Sissingué Deeps
    SD0385 806106 1154324 DD 90 -55 853.2 6 6.4 13.9 7.5 0.48
    SD0385 806106 1154324 DD 90 -55 853.2 2 30.4 33.4 3 0.8
    SD0385 806106 1154324 DD 90 -55 853.2 8 481 489 8 0.49
    SD0385 806106 1154324 DD 90 -55 853.2 7 536 542.9 6.9 0.3
    SD0385 806106 1154324 DD 90 -55 853.2 2 655 657 2 0.43
    SD0385 806106 1154324 DD 90 -55 853.2 2 665 667 2 0.53
    SD0385 806106 1154324 DD 90 -55 853.2 4 677 681 4 0.32
    SD0385 806106 1154324 DD 90 -55 853.2 3 730.15 733 2.85 0.24
    SD0385 806106 1154324 DD 90 -55 853.2 4 735.2 738.55 3.35 0.42
    SD0385 806106 1154324 DD 90 -55 853.2 9 747 756 9 0.53
    SD0386 807022 1154220 DD 270 -55 830 3 39.4 43.9 4.5 0.54
    SD0386 807022 1154220 DD 270 -55 830 13 270 283 13 1.85
    SD0386 807022 1154220 DD 270 -55 830 4 355.18 359 3.82 0.38
    SD0386 807022 1154220 DD 270 -55 830 34 449 483.28 34.28 0.99
    SD0387 806191 1154384 DD 90 -55 650 17 216.35 233 16.65 0.3
    SD0387 806191 1154384 DD 90 -55 650 3 427 430 3 0.31
    SD0387 806191 1154384 DD 90 -55 650 4 435 439 4 1.08
    SD0387 806191 1154384 DD 90 -55 650 4 443 446.1 3.1 0.51
    SD0387 806191 1154384 DD 90 -55 650 21 450.05 470 19.95 0.59
    SD0387 806191 1154384 DD 90 -55 650 7 473 480 7 0.37
    SD0387 806191 1154384 DD 90 -55 650 15 486 501 15 1.23
    SD0387 806191 1154384 DD 90 -55 650 12 521 533 12 0.71

    Figure 1 Notional Operating Cashflow Figure 2 Quarterly cash and bullion movements Figure 1.1 Yaouré Gold Project – Exploration Targets June 2021 Quarter Figure 1.2 Yaouré Gold Project – CMA SW Prospect June Quarter Results Figure 1.3 Yaouré Gold Project – CMA SW Cross Section Figure 1.4 Sissingué Gold Project - Regional Geology, Permits and Prospects Figure 1.5 Bagoé Gold Project – Main Prospects Figure 1.6 Edikan Gold Project – Regional Geology, Tenements and Prospects

    MENAFN20072021004107003653ID1102485471


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