Proactive Investors - Run By Investors For Investors

Perseus Mining major shareholder increases interest to more than 6%

The company has two operating gold mines in West Africa with a third on the way.
Perseus Mining major shareholder increases interest to more than 6%
Perseus’ projects are in Cote d’Ivoire and Ghana

Perseus Mining Limited (ASX:PRU) major shareholder Australian Super Pty Ltd has increased its holding in the gold producer by more than 10.5 million ordinary shares through on-market trades.

The transaction increases Australian Super’s interest in Perseus to 6.08% and is worth $4.22 million at today’s share price of 40 cents.

READ: Perseus Mining auditions project for multi-country mines strategy

Perseus is continuing to advance its strategy of becoming a producer with multiple operating gold mines in multiple jurisdictions.

The company has two operating mines in West Africa - Edikan and Sissingué - with a third, Yaouré, on the near-term horizon.

Drilling at Edikan in November uncovered a substantial mineralised granite body, with assays of 26 metres at 1.11 g/t gold and 13.7 metres at 2.32 g/t from one diamond drill hole.

Based on results returned to date, the discovery exhibits similarities to both the 475,000-ounce Esuajah North and 391,000-ounce Esuajah South deposits.

 

View full PRU profile View Profile

Perseus Mining Ltd Timeline

Related Articles

Map of McDermitt Lithium Project in the US
November 20 2018
An exploration target range has been established for the McDermitt project in the US.
A map of the company’s ground in the Eastern Goldfields subregion of WA
February 14 2019
The company holds ground in the Eastern Goldfields picked up from Saracen and Newmont.
1553096936_W-Resources---Michael-Masterman.jpg
Thu
W Resources is about to make a name for itself as a serious European-based supplier of tungsten

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use