Perseus Mining Pursuing Value Creating Organic Growth Opportunities
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Perseus Mining Limited (ASX: PRU) announced on 17 July 2026 an update on the growth projects at its Yaoure Gold Mine in Cote dβIvoire. This is based on ongoing drilling, reconciliation work and planned FY27 programs. The announcement comes as the company points to stronger mine performance, encouraging extension drilling and a wider push to grow the resource base.
The update said the Yaoure open pit delivered positive ore to mill reconciliation over the quarter and the past year while CMA Underground continued ramping up toward steady state production. Perseus also highlighted encouraging drilling results from the open pit, CMA Underground extension, Zain and ROZA which it said point to additional mineralisation potential across the project area.
The company noted the results support its strategy of investing in brownfields exploration, converting inferred resources and extending mine life through targeted drilling and technical studies. It added that Yaoure remains a cornerstone asset with future value expected from both operational improvement and resource growth.
Perseus has committed US$34 million for FY27 to complete about 123 km of resource definition, geotechnical and metallurgical drilling along with studies aimed at plant optimisation and possible expansion pathways. It also said the drilling results will be folded into an updated Ore Reserve statement expected in August 2026.
The announcement positions Yaoure as a long life asset with scope for further upside if current reconciliation trends and exploration success continue.
(Source: Company Announcements)
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