Performance Test Passed at Sissingué Gold Mine

Perseus Mining (ASX:PRU) (TSX:PRU) is pleased to advise that:

• Performance tests at Sissingué to verify the construction contractor’s warranted operating capabilities of the crusher and SAG mill have been passed and the Sissingué plant is now running consistently at or above name-plate run times and throughput rates.
• Notwithstanding the fact that low grade oxide ore has been used throughout the commissioning process, gold recovery rates have also consistently exceeded definitive feasibility study estimates.
• The ramp-up to full scale commercial production at Sissingué is progressing as planned and ‘commercial production’ is expected to be declared from 31 March 2018.
• The estimated capital cost of the full development of the Sissingué mine and infrastructure, excluding early works but including operations readiness initiatives, was US$107 million and on current estimates this budget will not be exceeded.

Perseus has now been transformed from a single mine, single country business to a multi-mine, multi-jurisdiction operation and is well on the way to achieving its goal of producing in excess of 500,000 ounces of gold per year from our three West African operations, namely Edikan, Sissingué and Yaouré.

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