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ASX/TSX: PRU | WWW.PERSEUSMINING.COM
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PERSEUS MINING COMPETENT PERSON STATEMENT: All production targets 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 the Mineral Resources and Ore Reserves was updated by the Company in a market announcement “Perseus Mining updates Mineral Resources and Ore Reserves” released on 26 August 2026. 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 confirms that the material assumptions underpinning the estimates of Ore Reserves described in “Technical Report — Edikan Gold Mine, Ghana” dated 6 April 2022, “Technical Report — Yaouré Gold Project, Côte d’Ivoire” dated 18 December 2023, “Technical Report — Sissingué Gold Project, Côte d’Ivoire” dated 29 May 2015, and “Technical Report — Nyanzaga Gold Project, Tanzania” dated 10 June 2025 continue to apply. 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, development of a mine at Nyanzaga, 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. 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. CAUTIONARY STATEMENTS 2
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PERSEUS MINING LIMITED 3 HIGH MARGIN, CASH GENERATIVE GOLD PRODUCER GROWING RESERVE BASE MISSION To generate material benefits for all of our stakeholders, in fair and equitable proportions GROUP MINERAL RESOURCE – 10.64 MOZ GROUP ORE RESERVE – 7.0 MOZ TARGETING RESOURCE GROWTH AT ALL PRODUCING ASSETS ORGANIC GROWTH PROJECT NYANZAGA – 4TH OPERATING MINE JAN 27 CMA UNDERGROUND RAMPING UP 3 PRODUCING MINES EDIKAN, SISSINGUÉ, YAOURÉ 20+ YEARS OPERATING IN AFRICA
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PERSEUS MINING LIMITED 4 WHY IN AFRICA? WORLD-CLASS GEOLOGY | GROWING ECONOMIES | LASTING VALUE Two decades in Africa. Three producing mines. New mine in Tanzania. Platform for long-term enduring value World-Class Geology Africa holds some of the world's most prospective, underexplored gold belts Growing Economies Supportive Partnerships Proven Returns Rising populations and expanding middle classes are driving regional growth and infrastructure Host governments and communities increasingly back long-term mining investment Decades of successful mine development show Africa can deliver world-class value
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PERSEUS MINING PERSEUSMINING.COM 87% Australia 44% UK 5% Europe (ex-UK) 7% North America 36% Asia 4% Other 4% CORPORATE OVERVIEW 5 AUD$ ASX Share price per share(1) 6.84 Shares outstanding 1,327.1M Market capitalisation 9,077M Less: Cash and Bullion (2) 1,456M Plus: Debt 0M Enterprise value 7,621M 1. ASX:PRU share price as at September 23rd 2026. 2. Cash and bullion balance at 30 June 2026 includes available cash at bank of US$924m and bullion valued at US$110m and converted to AUD at a A$:US$ exchange rate of 0.7101 Data valid at 31 August 2026 GEOGRAPHIC OWNERSHIP BREAKDOWN % held by institutions 45% % held by Top 10 investors 68% % held by Top 25 investors Broker Coverage: ASX & TSX CONSISTENTLY OUTPERFORMING THE US$ GOLD PRICE
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PERSEUS MINING LIMITED 6 BUILT ON SUCCESSFULLY DEVELOPING OREBODIES INTO MINES Perseus has African development capabilities and a proven track record of delivering projects ahead of schedule and below budget, demonstrating its ability to successfully transition assets from acquisition, development and through to sustained long-term operations Edikan (Ghana) Sissingué (Côte d’Ivoire) Yaouré (Côte d’Ivoire) CMA Underground (Côte d’Ivoire) Nyanzaga (Tanzania) ✓ Established as Perseus’s first large-scale operating mine ✓ Delivered ahead of schedule and on budget ✓ Developed satellite operations at Fimbiasso and Bagoé ✓ Achieved production on schedule and below budget ✓ Commercial production to be reached in Q3 CY27 ✓ On track for first gold in Jan CY27 Perseus maintaining sustained operational performance Dependable operational delivery – Perseus has not missed annual group guidance Depth of management✓ Strong Technical Capability ✓ Proven projects team✓ Strong social license✓
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PERSEUS MINING LIMITED Initial Ore Reserve Current Ore Reserve and Perseus gold production 7 TRACK RECORD OF ADDING MATERIAL VALUE THROUGH DRILLING 1. Initial Endowment based on initial Maiden Ore Reserve Estimate published by Perseus on a 100% basis; 2. Current Endowment comprised of Ore Reserves on a 100% basis plus annual contained gold mined since first production (through to 30 June 2026). Ore Reserves (OR) as detailed in the ASX release “Perseus Mining Updates Mineral Resources and Ore Reserve Estimates” dated 26 August 2026. 3. See ASX release dated 20 February 2026 “Perseus Mining Increases Nyanzaga Gold Project Ore Reserves to 4.0 Moz”. MINE LIFE EXTENDED FROM 9 to 15 years MINE LIFE EXTENDED FROM 6 to 12 years MINE LIFE EXTENDED FROM 10 to 20 years Yaouré Sissingué Edikan MINE LIFE EXTENDED FROM 113 to 16 years Nyanzaga 75% Current Ore ReserveInitial Ore Reserve Current Ore Reserve and Mining Depletion FY26 OR2: 1,661 koz Depletion: 1,441 koz 1,520 koz1 Initial Ore Reserve Current Ore Reserve and Mining Depletion Depletion: 696 koz FY26 OR2: 233 koz 657 koz1 104% 41% Initial Ore Reserve Current Ore Reserve and Mining Depletion 90% 2,141 koz1 Depletion: 3,074 koz FY26 OR2 998 koz 2,342 koz1 FY26 OR2: 4,109 koz
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PERSEUS MINING • New Dividend Policy – minimum 20% of operating cash flow (1) • Record shareholder returns – Full year dividend of 14 cents per share • Increased Share buyback to A$350M • Special Distribution of A$100M to be determined in coming months • Ore Reserves up 40% and Mineral Resources up 37% • Yaouré CMA UG first stoping operations commenced April 2026 • Nyanzaga on track for first gold pour January 2027 GROWTH • Record financial performance • Operating cash flow up 24% • Earnings per share up 17% • Industry leading TRIFR 0.91 • Zero Lost Time Injuries across the business • 9M hours LTI free at Nyanzaga project 8 FY26 DELIVERED EXCEPTIONAL RESULTS SUSTAINABILITY (1) Operating Cash Flow is ‘Net cash inflows from operating activities’ within the Consolidated Statement of Cashflows less Dividends and withholding tax paid to Non-Controlling Interests during the period FINANCIAL PERFORMANCE SHAREHOLDER RETURNS SUSTAINABILITY
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PERSEUS MINING (1) Cash Margin equals Average Sales Price minus All-in Site Cost (AISC). Notional Cashflow equals Cash Margin multiplied by Gold Produced and excludes CMA Underground Development Project. GOLD PRODUCED 404,998 oz ALL-IN SITE COST NOTIONAL CASHFLOW(1) NET CASH & BULLION US$1,750/oz US$769M US$1,034M 9 OPERATIONAL DELIVERY DRIVING STRONG FINANCIAL PERFORMANCE
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PERSEUS MINING DELIVERING RECORD RETURNS TO SHAREHOLDERS INCREASED DIVIDENDS PER SHARE RETURN OF FUNDS – SALE OF SUDAN TOTAL FY26 DIVIDEND A$14.0cps A$187M +87% FY26 BUYBACK EXECUTED A$127M FY27 BUYBACK APPROVED A$350M PROPOSED SPECIAL DISTRIBUTION (1) ~A$100M UPSCALED BUYBACK Interim Dividend AUD ($M) Final Dividend AUD ($M) Buyback AUD ($M) Proposed Special Distribution AUD ($M) 22.4 FY22 14.5 34.1 FY23 17.2 51.6 FY24 34.3 67.6 83.6 FY25 67.5 119.4 126.7 100.0 FY26 AUD$M 10.0 1 0 Cumulative returns of A$667M to shareholders 1 0 (1) Split between dividend and capital reduction to be determined and to be announced to shareholders in the coming months.
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PERSEUSMINING.COMPERSEUS MINING 11 RELIABLE OPERATING CASH FLOW Disciplined operational performance SUSTAINING CAPITAL BALANCE SHEET RESILIENCE Minimum liquidity(1) US$500M Undrawn debt US$400M HIGH YIELD GROWTH CAPITAL FY27 ~US$530M Nyanzaga $230M(2) Yaouré CMA $80M Edikan cutbacks $140M Exploration $70 - 80M FY27 US$50-60M Maintain commitment to employees, governments, communities, suppliers and lenders ENHANCED CAPITAL ALLOCATION FRAMEWORK 1. Minimum Liquidity is Cash and Cash equivalents plus debt available for drawdown 2. US$230m includes US$60 million estimate for pre-production costs to be incurred before first gold pour Q3 27. 3. Net Cash Flow from operating activities less the Dividends paid to non-controlling interests (NCI) as per the audited Consolidated Statement of Cash Flow in the audited Annual Financial Statements. SUSTAINABLE DIVIDEND Min 20% of Net Cash Flow from Operations(3) + Supplemental Returns Safe, sustainable operations & asset integrity Grow production, extend mine life, disciplined capital investment focused on high yield returns Maintain strong balance sheet capacity through the cycle for strategic opportunities SUPPLEMENTAL RETURNS Via dividends, share buybacks or capital returns where there is capacity to pay
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PERSEUS MINING PERSEUSMINING.COM 12 GROUP ORE RESERVES 7.0 Moz up 40% GROUP M&I MINERAL RESOURCES 10.6 Moz up 37% PERSEUS MINERAL RESOURCES (1) PERSEUS ORE RESERVES(1) CONTINUED FOCUS ON ORGANIC GROWTH 5,003 1,767 217 19 -4 7,001 EOM June 2025 Nyanzaga Yaouré Edikan Sissingué EOM June 2026 koz Au 500 1,500 2,500 3,500 4,500 5,500 6,500 7,500 1. See ASX release “Perseus Mining Updates Mineral Resources and Ore Reserve Estimates” dated 26 August 2026. Resources include Measured and Indicated only US$70-80M exploration spend in FY27
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PERSEUS MINING 13 GROWING YAOURÉ GOLD MINE - CÔTE D’IVOIRE Planned UG Development Potential Mineralisation Outline Existing drilling Final CMA Pit 1. See ASX release “Perseus Mining Updates Mineral Resources and Ore Reserve Estimates” dated 26 August 2026. O RE RE SE RVE ( 1 ) 1,661 KOZ AVE RAG E G RADE 1.24 g/t M INE RAL RE SO URC E ( 1 ) 2,857 KOZ AVE RAG E G RADE 1.53 g/t Potential extension of the CMA UG Potential dept extensions at Yaouré Mining Yaouré Open Pit Commenced CMA UG Production FY26 Q4 4% 41% 17% 9% 29% CMA SW Yaouré open pit Stockpiles Zain 1 & 2 CMA underground Proved & Probable Reserves by Deposit 13
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PERSEUS MINING PERSEUSMINING.COM Extension Cutbacks commenced Esuajah North (ESN) Fetish - Second mining phase Underpins ore delivery for next 4 years GROWING EDIKAN GOLD MINE – GHANA 1. See ASX release “Perseus Mining Updates Mineral Resources and Ore Reserve Estimates” dated 26 August 2026. ESN Section looking east AG-Fobinso Long-section looking southwest Fetish Long-section looking northwest Planned Drilling Mineralisation Outline O RE RE SE RVE ( 1 ) 998 KOZ AVE RAG E G RADE 0.94 g/t M INE RAL RE SO URC E ( 1 ) 2,528 KOZ AVE RAG E G RADE 0.88 g/t AG-Fobinso FY27-28 drill program Targeting reserve growth and conversion Fetish and ESN FY27-28 drill program Confirm and convert mineralisation below current pit floor 20% 2% 17% 19% 35% 7% Nkosuo AG Annex Esuajah North Fetish Esuajah South (UG) Stockpiles Proved & Probable Reserves by Deposit Commencing cutbacks Mining Nkosuo Pit 14
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PERSEUS MINING PERSEUSMINING.COM 15 Sissingué Stage 5 Planned drilling Mineralisation Outline Reserve Pit Design Mining Depletion GROWING SISSINGUÉ GOLD COMPLEX – CÔTE D’IVOIRE 1. See ASX release “Perseus Mining Updates Mineral Resources and Ore Reserve Estimates” dated 26 August 2026. 61.6% 26.3% 12.1% Sissingué Bagoé Stockpiles Proved & Probable Reserves by Deposit O RE RE SE RVE ( 1 ) 233 KOZ AVE RAG E G RADE 1.41 g/t M INE RAL RE SO U RC E( 1 ) 541 KOZ AVE RAG E G RADE 1.35 g/t FY 27 Drilling program Extension to mineralisation on Sissingué, Fimbiasso and Bagoé concessions Brownfield exploration commitment FY27 Defining potential satellite deposits Mining Veronique, Antoinette and Sissingué pits Commenced Sissingué Stage 5 Cutback 15
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GROWTH CATALYST – NYANZAGA GOLD PROJECT – TANZANIA LONG LIFE / LOW-COST CORNERSTONE ASSET MINERAL RESOURCE(1) 4,715 KOZ AVERAGE GRADE 1.33 g/t ORE RESERVE(1) 4,109 KOZ AVERAGE GRADE 1.34 g/t 16 YEAR LIFE @ >200k pa (FY28 to FY41) AVERAGE AISC(1) US$1,600– US$1,700/oz CONSTRUCTION PROGRESS ON TRACK – FIRST GOLD January 2027 PROGRESS ACHIEVED to August '26 80.5% TOTAL CONSTRUCTION COSTS INCURRED US$374M (77%)(2) TOTAL PRE-PRODUCTION COSTS INCURRED US$26M [1] See ASX release dated 26 August 2026: Perseus Mining Updates Mineral Resources and Ore Reserve Estimates. Resources inclu de Measured and Indicated only. [2] Refer to ASX release dated 28 April 2025: Perseus Proceeds with Development of Nyanzaga Gold Project. Calculated using d evelopment capital of 483M which excludes capitalized preproduction of 39.9M. PERSEUS MINING PERSEUSMINING.COM Deeper holes testing trend completed – good foundation for understanding of ore mineralisation geometry Down plunge potential below Reserve pit Process plant construction 16
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PERSEUS MINING 17 Economic contributions US$ FY26 FY25 Economic value distributed 1.19B 813M Community contributions 5.17M 5.6M Local procurement 714M 545M Government payments and payables 384M 219M Workforce nationalisation 96% 94% Safety indicators FY26 FY25 TRIFR (Target – below 1) 0.91 0.60 LTIFR 0.00 0.08 BUILDING SAFER BEHAVIOURS DEEPENING OUR PARTNERSHIPS First AASB S2 Climate Report published Completed climate risk and opportunity assessment, including climate scenario analysis Improved roads, health and education infrastructures for Nyanzaga communities: lasting value delivered through our Resettlement Action Plan. FY26 SUSTAINABILITY PERFORMANCE
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PERSEUSMINING.COMPERSEUSMINING.COMPERSEUS MINING 18 18 FY 27 - GROUP GUIDANCE PARAMETER UNITS 2027 FINANCIAL YEAR (FORECAST) PRODUCTION Production(1) Ounces 420,000 - 480,000 AISC All-in Site Cost(2) USD per ounce 1,835 - 2,070 SUSTAINING CAPITAL Sustaining capital(3) USD million 50 – 60 DEVELOPMENT CAPITAL Development capital(4) USD million ~450 EXPLORATION Exploration USD million 70 – 80 1. Nyanzaga production included in guidance is based on FID as released in April 2025 - Refer ASX Release - Perseus mining proceeds with development of the Nyanzaga Gold Project. Further guidance for Nyanzaga will be provided in Q3 FY27. All operating costs for Nyanzaga are capitalised until Commercial Production planned for Q4 FY27. 2. AISC guidance is based on a gold price assumption of $4,000 per ounce and Government royalty rates of 8% in Côte d'Ivoire and 11% (applicable at $4,000 per ounce) in Ghana and has only been calculated on the three operating mines (excludes Nyanzaga). 3. Sustaining capital for Yaouré, Edikan and Sissingue is included in calculation of Guidance AISC provided in this table. 4. Comprises Nyanzaga $230M, Yaouré CMA UG $80M, Edikan cutbacks $140M 5. Refer Appendix 2 to this release for FY27 Guidance per operation FY 27 - GROUP GUIDANCE
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PERSEUSMINING.COMPERSEUS MINING 19 Last 3 Year Average EBITDA Margin (%) (1,2) 57.7% 49.2% 50.5% Perseus ASX peers average International peers average Maintains a robust, high-margin business that will deliver through cycles Last 3 Year Average Return on Capital Employed (%) (1,2) 27.0% 21.1% 19.7% Perseus ASX peers average International peers average Efficient deployment of capital, delivering sector leading returns Source: ASX; Company releases; FactSet, S&P Capital IQ. (1) Market data as at 8 September 2026, converted using the spot AUDUSD of 0.722 and spot CADUSD of 0.724 as at 8 September 2026. (2) ASX peer group includes Northern Star, Evolution Mining, Genesis Minerals, Capricorn Metals, Regis Resources, Ramelius Resources, Vault Minerals, Westgold Resources. International gold peer group includes Alamos, Endeavour, B2Gold, Eldorado, IAMGOLD, Equinox, OceanaGold. PEER LEADING MARGINS AND RETURN ON CAPITAL LOW COST OF PRODUCTION AND STRONG COST CULTURE
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PERSEUS MINING PERSEUSMINING.COM OUR INVESTMENT PROPOSITION 20 Cost focused culture Diversified African asset portfolio Growth prospects underpinned by US$1.4B of liquidity Track record of growth through exploration and M&A Proven development and operational excellence capabilities Delivering on promises – ‘We do what we say we are going to do’ PEER LEADING RETURN ON CAPITAL EMPLOYED PORTFOLIO DIVERSIFICATION BALANCE SHEET GROWTH VALUE CREATION PROVEN EXECUTION 1 2 3 4 5 6
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ASX/TSX: PRU | WWW.PERSEUSMINING.COM This presentation was authorised for release by Perseus’s Managing Director and CEO, Craig Jones
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PERSEUS MINING LIMITED PERSEUSMINING.COM APPENDIX 1 FINANCIAL PERFORMANCE 22
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PERSEUS MINING 23 FY26 compared to FY25 REVENUE US$744M EBITDA(1) BASIC EARNINGS PER SHARE EARNINGS PER OUNCE(2) OPERATING CASHFLOW Up 17% Up 41% Up 24% Up 19% (US$236M) Up 27% Up 16% US$1.5B GROSS PROFIT FROM OPERATIONS US$861M PROFIT BEFORE TAX FINAL DIVIDEND Up A$4.0cps Up 27% US$716M US$1,20431.73cps US$666M A$9.0cps FY26 - STRONG FINANCIAL PERFORMANCE 1. Gross profit before depreciation and amortisation 2. Earnings per ounce is calculated as Profit after Tax divided by Gold Ounces Sold
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PERSEUS MINING 24 (1) Net cash inflows from operating activities (2) Operating cash flow per share is calculated as Net cash inflows from operating activities divided by weight average number of outstanding ordinary shares. (3) Operating cash flow per ounce is calculated as Net cash inflows from operating activities divided by ounces sold. OPERATING CASH FLOW FROM OPERATIONS US$666M(1) OPERATING CASH FLOW PER SHARE 49.38cps(2) OPERATING CASH FLOW PER OUNCE US$1,670(3) Up 26%Up 24% Up 54% RESILIENT BALANCE SHEET POSITIONED FOR NEXT PHASE OF GROWTH NET CASH AND BULLION US$1,034M Up US$207M on FY25 LIQUIDITY US$1,434M US$400M undrawn debt LISTED SECURITIES US$233M
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PERSEUS MINING LIMITED PERSEUSMINING.COM APPENDIX 2 FY27 PRODUCTION,COST AND SUSTAINING CAPITAL GUIDNACE 25
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PERSEUS MINING 26 FY 27 PRODUCTION, COST AND SUSTAINING CAPITAL GUIDANCE 1. Nyanzaga production included in guidance is based on FID as released in April 2025 - Refer ASX Release - Perseus mining proceeds with development of the Nyanzaga Gold Project. Further guidance for Nyanzaga will be provided in Q3 FY27. All operating costs for Nyanzaga are capitalised until Commercial Production planned for Q4 FY27. 2. AISC guidance is based on a gold price assumption of $4,000 per ounce and Government royalty rates of 8% in Côte d'Ivoire and 11% (applicable at $4,000 per ounce) in Ghana and has only been calculated on the three operating mines (excludes Nyanzaga). 3. Sustaining capital for Yaouré, Edikan and Sissingue is included in calculation of Guidance AISC provided in this table. FY27 Guidance Gold Production (koz) AISC (2) ($/oz) Sustaining Capital(3) ($M) Exploration ($M) Group 420 – 480 1,835 - 2,070 50 - 60 70 – 80 Yaouré 150 – 170 1,955 - 2,205 28 - 32 Edikan 150 – 170 1,700 - 1,920 15 - 17 Sissingué 65 – 85 1,865 - 2,105 5 - 7 Nyanzaga 55(1) 2 - 4
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PERSEUS MINING LIMITED PERSEUSMINING.COM APPENDIX 3 RESERVES & RESOURCES
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PERSEUSMINING.COMPERSEUS MINING 28 1. See ASX release “Perseus Mining Updates Mineral Resources and Ore Reserve Estimates” dated 26 August 2026. Resources include Measured and Indicated only. 2.53 1.00 6+ MOZ MOZ YEARS M I N E R A L R E S O U R C E O R E R E S E R V E M I N E L I F E Edikan1 Ghana 0.54 0.23 ~4.0 MOZ MOZ YEARS M I N E R A L R E S O U R C E O R E R E S E R V E M I N E L I F E Sissingué1 Côte d’Ivoire 2.86 1.66 9+ MOZ MOZ YEARS M I N E R A L R E S O U R C E O R E R E S E R V E M I N E L I F E Yaouré1 Côte d’Ivoire 4.71 4.11 16+ MOZ MOZ YEARS M I N E R A L R E S O U R C E O R E R E S E R V E MINE LIFE Nyanzaga1 Tanzania DIVERSIFIED 7.0 MOZ RESERVE AFRICAN FOCUSED GOLD MINER GROUP4 GROUP M I N E R A L R E S O U R C E O R E R E S E R V E 10.64 7.0 MOZ MOZ YEARS
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PERSEUS MINING PERSEUS MINERAL RESOURCES & ORE RESERVES 29 JORC Ore Reserve1,2,4 JORC Mineral Resource1,4 PROJECT PROVED PROBABLE PROVED & PROBABLE QUANTITY Mt GRADE g/t gold GOLD '000 oz QUANTITY Mt GRADE g/t gold GOLD '000 oz QUANTITY Mt GRADE g/t gold GOLD '000 oz Edikan 12.7 0.87 355 20.2 0.99 643 32.9 0.94 998 Sissingué 1.0 1.34 43 4.1 1.43 190 5.1 1.41 233 Yaouré 12.4 0.73 292 29.1 1.46 1,369 41.5 1.24 1,661 Nyanzaga - - - 95.7 1.34 4,109 95.7 1.34 4,109 Total 26.1 0.82 690 149.1 1.32 6,312 175.2 1.24 7,001 PROJECT MEASURED RESOURCES INDICATED RESOURCES MEASURED & INDICATED RESOURCES INFERRED RESOURCES QUANTITY Mt GRADE g/t gold GOLD '000 oz QUANTITY Mt GRADE g/t gold GOLD '000 oz QUANTITY Mt GRADE g/t gold GOLD '000 oz QUANTITY Mt GRADE g/t gold GOLD '000 oz Edikan 21.2 0.89 604 68.2 0.88 1,923 89.4 0.88 2,528 16.7 1.0 544 Sissingué 1.7 1.23 66 10.8 1.37 475 12.5 1.35 541 2.1 1.0 64 Yaouré 12.4 0.73 292 45.6 1.75 2,565 58.1 1.53 2,857 32.3 1.5 1,591 Nyanzaga - - - 110.4 1.33 4,715 110.4 1.33 4,715 6.5 1.6 343 Total 35.3 0.85 963 234.9 1.28 9,677 270.3 1.22 10,640 57.5 1.4 2,542 Notes for Table 1 and Table 2: 1 Refer to Notes to individual tables of Mineral Resources and Ore Reserves in respect of each project presented below. See ASX release “Perseus Mining Updates Mineral Resources and Ore Reserve Estimates” dated 26 August 2026 2 Measured and Indicated Mineral Resources are reported inclusive of Ore Reserves. 3 Sissingué Mineral Resources and Ore Reserves include the Fimbiasso and Bagoé Projects in addition to the Sissingué Gold Mine. 4 The Company holds 90% of Edikan Gold Mine (EGM) and Yaouré Gold Mine (YGM), 86% of Sissingué Gold Mine (SGM) except Bagoé at 90%, and 80% of Nyanzaga Gold Project (NGP).
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PERSEUS MINING 30 GROUP MOVEMENTS — JUNE 2025 TO JUNE 2026 Figure 1: Change in Group Ore Reserves by Project Figure 2: Change in Group Mineral Resources Key Drivers • Nyanzaga: largest single contributor to both Reserve and Resource growth, reflecting the February 2026 Feasibility Study update • Yaouré: net Reserve addition driven mainly by the Yaouré open pit; Resource growth split across pit and Inferred material • Edikan and Sissingué: continued to replace mining depletion via cutbacks and drilling, broadly maintaining reserve life • 460 koz of Group depletion in FY26 was more than offset by additions across all four assets
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PERSEUS MINING 31 YAOURÉ GOLD MINE, CÔTE D’IVOIRE — RESOURCES & RESERVES Mineral Resources (M&I + Inferred) Category Mt g/t koz Au M&I 58.1 1.53 2,857 Inferred 32.3 1.5 1,591 Ore Reserves (Proved + Probable) Category Mt g/t koz Au Proved 12.4 0.73 292 Probable 29.1 1.46 1,369 Proved & Probable 41.5 1.24 1,661 Change in Yaouré Ore Reserves – June 2025 to June 2026 Drivers of FY26 Ore Reserve Change • Depletion of the CMA open pit, Yaouré open pit, Zain 2 open pit and CMA Underground via mining and processing during FY26 • Updated Yaouré open pit Mineral Resource from resource definition/grade control drilling; design changes reflecting increased gold price • Zain 1 and Zain 2 pit designs re-optimised on updated cost/revenue and gold price; Zain 2 also gained previously-excluded fresh mineralisation • CMA Southwest pit design re-optimised on updated cost/revenue and gold price • Stockpile changes from mining activity and cut-off-driven reclassification Economic Assumptions • Revenue gold price: US$3,000/oz • Reserve based on a balanced portfolio of ore sources scheduled to an overall AISC • Weighted average LOM AISC: US$1,900–$2,000/oz
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PERSEUS MINING 32 EDIKAN GOLD MINE, GHANA — RESOURCES & RESERVES Mineral Resources (M&I + Inferred) Category Mt g/t koz Au M&I 89.4 0.88 2,528 Inferred 16.7 1.0 544 Ore Reserves (Proved + Probable) Category Mt g/t koz Au Proved 12.7 0.87 355 Probable 20.2 0.99 643 Proved & Probable 32.9 0.94 998 Change in Edikan Ore Reserves – June 2025 to June 2026 Drivers of FY26 Ore Reserve Change • Mining depletion in the Nkosuo, Fetish and Esuajah North open pits to 30 June 2026 • Write-off of 3 koz remnant Ore Reserve in the AG open pit • Cutback at AF Gap Annex; redesigned cutbacks at Esuajah North Stage 3 and Fetish Stage 3 • Model update and redesign for the Esuajah South underground deposit • Stockpile depletion and addition Economic Assumptions • Revenue gold price: US$3,000/oz • Reserve based on a balanced portfolio of ore sources scheduled to an overall AISC • Weighted average LOM AISC: US$1,650–$1,750/oz
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PERSEUS MINING 33 SISSINGUÉ GOLD MINE, CÔTE D’IVOIRE — RESOURCES & RESERVES Mineral Resources (M&I + Inferred) Ore Reserves (Proved + Probable) Category Mt g/t koz Au M&I 12.5 1.35 541 Inferred 2.1 1.0 64 Category Mt g/t koz Au Proved 1.0 1.34 43 Probable 4.1 1.43 190 Proved & Probable 5.1 1.41 233 Change in Sissingué Ore Reserves – June 2025 to June 2026 Drivers of FY26 Ore Reserve Change • Ore depletion from open pit mining at Sissingué, Airport West, Fimbiasso and Antoinette pits to 30 June 2026 • Revised pit designs for Sissingué, Antoinette and Véronique from optimisation work, increased gold price and an updated Sissingué Mineral Resource • Addition of an extended Sissingué Bagoé pit within the Sissingué Main model, from extra drilling and increased gold price • Stockpile depletion and additions Economic Assumptions • Revenue gold price: US$3,000/oz • Reserve based on a balanced portfolio of ore sources scheduled to an overall AISC • Weighted average LOM AISC: US$2,000–$2,100/oz
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PERSEUS MINING 34 NYANZAGA GOLD PROJECT, TANZANIA — RESOURCES & RESERVES Mineral Resources (M&I + Inferred) Category Mt g/t koz Au M&I 110.4 1.33 4,715 Inferred 6.5 1.6 343 Ore Reserves (Proved + Probable) Category Mt g/t koz Au Proved - - - Probable 95.7 1.34 4,109 Proved & Probable 95.7 1.34 4,109 Change in Nyanzaga Ore Reserves – June 2025 to June 2026 Drivers of FY26 Ore Reserve Change • Reserve based on the Nyanzaga Mineral Resource as at 30 June 2026 and an updated Feasibility Study completed in February 2026 • Bulk of the FY26 increase reflects the February 2026 Feasibility Study update (see “Perseus Mining increases Nyanzaga Gold Project Ore Reserves to 4.0 Moz”, 20 Feb 2026) • Further +63 koz added within the February Ore Reserve pit from updated pit allocation and cut-off grade adjustments by June 2026 Economic Assumptions • Revenue gold price used in Reserve economics: US$3,000/oz • Mineral Resource pit shell priced at US$2,700/oz; Ore Reserve pit design priced at US$2,300/oz (a lower, more conservative price than the Resource shell) • Weighted average LOM AISC: US$1,600–$1,700/oz
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PERSEUS MINING 35 CONSOLIDATED KEY ASSUMPTIONS Assumption Yaouré Sissingué Edikan Nyanzaga MR Pit Shell Gold Price US$3,300/oz US$3,300/oz US$3,300/oz US$2,700/oz Weighted Avg LOM AISC US$1,900–$2,000/oz US$2,000–$2,100/oz US$1,650–$1,750/oz US$1,600–$1,700/oz Cut-off Grade Range 0.25–0.45 g/t 0.37–0.83 g/t (Sissingué) 0.30–0.40 g/t 0.28–0.39 g/t Typical Metallurgical Recovery 87.9–93.0% 85-93% 91–93% ≈86.0% LOM avg. Company Interest 90% 86% (90% Bagoé) 90% 80% • All Resources and Reserves reported under the JORC Code (2012) • Reserve revenue gold price (US$3,000/oz) is deliberately more conservative than the Resource pit-shell price(s) used to define “reasonable prospects for eventual economic extraction” • Rounding of tonnes, grade and contained metal to appropriate precision may cause minor discrepancies in totals Sources & References • Perseus Mining Limited, “Perseus Mining Updates Mineral Resources and Ore Reserve Estimates”, News Release, 26 August 2026 • Nyanzaga Gold Project, Tanzania – NI 43-101 Technical Report, 10 June 2025 • Yaouré Operations, Côte d’Ivoire – NI 43-101 Technical Report, 18 December 2023 • Edikan Operations, Ghana – NI 43-101 Technical Report, 6 April 2022 • Sissingué Operations, Côte d’Ivoire – NI 43-101 Technical Report, 29 May 2015 • “Perseus Mining increases Nyanzaga Gold Project Ore Reserves to 4.0 Moz”, News Release, 20 February 2026 • Full reports available at www.perseusmining.com and on SEDAR+ (www.sedarplus.ca)
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PERSEUSMINING.COMPERSEUS MINING YAOURÉ GOLD PROJECT – POSITIVE RECONCILIATION OPPORTUNITY 36 • Trend over 6 months of the grade control (GC) model reporting 30% more ounces as compared to Reserve in the Yaouré OP . • Improvement in creating mineralisation domains with 8m x 5m spaced GC as compared to 25m x 25m resource drilling. Reserve Block Model* - 1,170 m RL ±2.5m Grade Control Block Model* - 1,170 m RL ±2.5m PARAMETER ORE RESERVE TO MILL CORRELATION FACTOR 3 MONTHS 6 MONTHS 1 YEAR Tonnes of Ore 1.57 1.53 1.41 Head Grade 0.81 0.85 0.86 Contained Gold 1.27 1.30 1.21 June 2026 Quarterly Reconciliation Result - Yaouré * - Oblique view from above looking northeast showing model blocks ≥0.5 g/t Au inside Yaouré open pit
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PERSEUS MINING LIMITED PERSEUSMINING.COM 3 APPENDIX 4 MANAGEMENT, BOARD, CORPORATE STRUCTURE
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PERSEUS MINING 38 BOARD OF DIRECTORS Rick Menell Independent Non-Executive Chairman Amber Banfield Independent Non-Executive Director Elissa Cornelius Independent Non-Executive Director Daniel Lougher Independent Non-Executive Director John McGloin Independent Non-Executive Director Craig Jones Managing Director & CEO Thomas (Tommy) McKeith Independent Non-Executive Director James (Jim) Rutherford Independent Non-Executive Director
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PERSEUS MINING 39 EXECUTIVE MANAGEMENT TEAM Craig Jones Managing Director & CEO 25+ years global mining experience; former Global COO, Newcrest Lee-Anne de Bruin Chief Financial Officer 25+ years senior finance & strategy roles incl. Gem Diamonds, BHP, Newmont, Resolute Mining Wade Bickley Chief Operating Officer 25+ years gold & base metals operations; former GM, Obuasi Mine (AngloGold Ashanti) Jacob Ricciardone Chief Development Officer Exploration, project development & technical services; former VP Strategic Planning, Gold Fields Melanie Pollard Chief Corporate Affairs & Sustainability Officer 15+ years international development & resources sustainability, HR and stakeholder engagement Martijn Bosboom General Counsel & Company Secretary 30+ years corporate & commercial law across common law and civil law jurisdictions Jordan Morrissey General Manager People 18 + years of experience in the international Mining Industry
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PERSEUS MINING 40 CORPORATE STRUCTURE Perseus Mining Limited ASX / TSX: PRU · Perth, Western Australia Edikan Gold Mine Ghana 90% owned 10% free-carried – Government of Ghana Nyanzaga Gold Project Tanzania 80% owned 20% free-carried – Government of Tanzania Yaouré Gold Mine Côte d'Ivoire · incl. CMA U/G¹ 90% owned 10% free-carried – Government of Côte d'Ivoire Guinea Greenfields Exploration – Siguiri Basin² 100% owned Pre-development – 15% free-carry to Govt. of Guinea once a mining company is established Sissingué & Fimbiasso Côte d'Ivoire 86% owned 10% free-carried Govt. + 4% local interests Bagoé Gold Project Côte d'Ivoire 90% owned 10% free-carried – Government of Côte d'Ivoire STRATEGIC LISTED EQUITY HOLDINGS Aurum Resources (ASX: AUE) – 9.5% interest Predictive Discovery Ltd (ASX:PDI) – 9.4% interest ¹ Côte d'Ivoire's first mechanised underground mine, within the Yaouré mining licence; commercial production targeted Q3 FY27. ² 5 Reconnaissance Licences granted in Q4 FY26 covering 497.8km² in the southern Siguiri Basin, held via Perseus Guinea Holdings Pty Ltd / Perseus ERX Holdings Pty Ltd (both 100% Perseus).
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PERSEUS MINING LIMITED PERSEUSMINING.COM 3 APPENDIX 5 MINE STATISTICS & HEDGING
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PERSEUS MINING 42 MINE STATISTICS – QUARTERLY FY2026 YAOURÉ CMA UG¹ EDIKAN SISSINGUÉ PARAMETER UNIT Q1 Q2 Q3 Q4 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Gold Production & Sales Total material mined kt 5,198 7,193 8,499 7,892 154 144 3,232 2,469 3,710 3,462 3,109 2,708 3,250 2,637 Total ore mined kt 1,276 1,114 1,349 1,293 31 90 734 1,053 1,655 1,654 258 472 567 576 Average ore grade g/t 1.77 1.01 1.15 1.06 2.85 3.07 0.85 0.92 0.85 0.82 1.50 1.86 1.91 2.06 Strip ratio t:t 3.1 5.5 5.3 5.1 – – 3.4 1.3 1.2 1.1 11.0 4.7 4.7 3.6 Ore milled kt 936 905 906 904 21 94 1,732 1,762 1,884 1,864 302 392 449 411 Milled head grade g/t 1.96 1.18 1.29 1.13 2.58 3.03 0.67 0.77 0.84 0.79 1.33 1.64 1.92 2.37 Gold recovery % 94.0 93.2 93.4 92.5 93.3 92.5 87.7 88.2 88.6 88.7 90.9 89.5 91.6 90.0 Gold produced oz 55,405 32,045 34,960 30,440 1,606 8,472 32,856 38,352 45,123 41,940 11,692 18,491 25,455 28,161 Gold sold oz 57,441 34,835 36,285 31,994 955 7,252 31,274 37,219 43,980 43,868 12,874 14,553 15,040 31,453 Average sales price $/oz 2,959 3,243 4,006 3,920 4,006 3,920 3,337 3,700 4,284 4,347 2,953 3,227 4,059 3,890 Unit Production Costs Mining cost $/t mined 4.35 3.87 3.55 4.03 – – 5.39 7.53 5.88 7.04 4.89 6.09 5.90 6.99 Processing cost $/t milled 16.06 15.78 18.51 15.65 – – 9.16 8.85 8.27 8.85 26.59 16.26 14.28 17.61 G & A cost $M/mth 2.76 2.68 2.58 2.61 – – 2.39 2.62 2.28 2.51 1.84 1.93 2.04 2.26 All-In Site Cost Production cost $/oz 829 1,574 1,564 1,768 – – 1,232 1,097 980 1,155 2,458 1,545 1,246 1,153 Royalties $/oz 306 372 369 332 – – 324 387 517 733 324 279 408 334 Sub-total $/oz 1,135 1,946 1,932 2,100 – – 1,555 1,483 1,497 1,888 2,782 1,824 1,654 1,487 Sustaining capital $/oz 53 146 117 177 – – 48 52 42 71 44 20 54 63 Total All-In Site Cost $/oz 1,188 2,092 2,049 2,277 – – 1,603 1,535 1,539 1,959 2,826 1,844 1,708 1,550 Notional Cashflow from Operations Cash margin $/oz 1,771 1,151 1,957 1,643 – – 1,734 2,165 2,746 2,388 127 1,383 2,351 2,340 Notional cash flow US$M 98 37 68 50 – – 57 83 124 100 1 25 60 66 Source: Perseus Mining Limited Quarterly Reports, September 2025, December 2025, March 2026 and June 2026 quarters (Q1–Q4 FY26). Yaouré figures exclude CMA Underground. 1. CMA Underground was pre-commercial production throughout FY26; development only in Q1–Q2 (no ore mined or gold produced). First ore was mined in Q3 FY26 and stoping commenced in Q4 FY26. Related mining, processing and royalty costs are capitalised. Capitalised mining, processing and royalty costs of $12.0 million ($1,656 per ounce) for Q4 FY26 and $1.3 million ($1,362 per ounce) for Q3 FY26 were recognised as cost of sales for the ounces sold for CMA UG.
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PERSEUS MINING 43 MINE STATISTICS - FULL YEARS FY2024-FY2026 Source: Perseus Mining Limited Quarterly Reports (FY24, FY25, FY26). Yaouré figures exclude CMA Underground for FY24–FY26 open pit rows. 1. CMA Underground is pre-commercial production; related mining, processing and royalty costs are capitalised. Figure shown for Total All-In Site Cost is cost of sales (US$/oz), not AISC. Capitalised mining, processing and royalty costs of $13.3 million ($1,621 per ounce) for FY26 were recognised as cost of sales for the ounces sold for CMA UG. YAOURÉ EDIKAN SISSINGUÉ PARAMETER UNIT FY24 FY25 FY26 CMA UG FY26¹ FY24 FY25 FY26 FY24 FY25 FY26 Gold Production & Sales Total material mined Mt 33.6 34.0 28.8 0.4 11.7 10.8 12.9 10.2 9.2 11.7 Total ore mined Mt 5.3 8.9 5.0 0.1 7.3 6.1 5.1 1.5 1.1 1.9 Average ore grade g/t 1.67 1.35 1.25 3.01 0.98 0.92 0.85 1.41 1.65 1.89 Strip ratio t:t 5.4 2.8 4.7 – 0.6 0.8 1.5 5.8 7.7 5.2 Ore milled Mt 3.9 4.1 3.7 0.1 6.2 6.3 7.2 1.5 1.5 1.6 Milled head grade g/t 2.17 2.10 1.39 2.95 1.06 0.97 0.77 1.42 1.36 1.85 Gold recovery % 92.9 93.4 93.4 92.6 91.7 89.8 88.3 90.9 89.4 90.5 Gold produced koz 250.9 262.2 152.9 10.1 195.1 177.2 158.3 64.0 57.1 83.8 Gold sold koz 253.5 258.0 160.6 8.2 191.7 178.5 156.3 63.5 57.8 73.9 Average sales price $/oz 2,009 2,553 3,449 3,930 2,011 2,564 3,973 2,041 2,435 3,631 Unit Production Costs Mining cost $/t mined 3.43 3.95 3.92 – 6.09 6.12 6.39 5.08 6.07 5.89 Processing cost $/t milled 13.59 13.67 16.49 – 10.76 10.60 8.77 15.95 18.89 18.05 G & A cost $M/mth 2.37 2.66 2.66 – 1.70 2.24 2.45 1.58 1.65 2.02 All-In Site Cost Production cost $/oz 782 851 1,340 – 813 903 1,107 1,486 1,809 1,450 Royalties $/oz 122 176 339 – 151 210 502 130 179 342 Sub-total $/oz 904 1,028 1,679 – 964 1,113 1,609 1,615 1,988 1,792 Sustaining capital $/oz 39 74 112 – 37 46 53 25 101 48 Total All-In Site Cost $/oz 943 1,101 1,791 – 1,001 1,159 1,662 1,641 2,089 1,840 Notional Cashflow from Operations Cash margin $/oz 1,066 1,452 1,658 – 1,010 1,405 2,311 401 346 1,791 Notional cash flow US$M 267 381 253 – 197 249 366 26 20 150
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PERSEUS MINING 44 HEDGE POSITION UPDATE AS AT 30- JUNE-2026 Note: 1.Measured from 1 July to 30 June. Hedge position as at 30-June-26 Perseus hedging programme focuses on maintaining downside protection whilst retaining as much upside opportunity as possible, while still observing prudent cash management practices. ➢Committed hedge position(1) represented 7% of forecast 3-year production as at 30 June 2026. ➢85k Call Strike prices range from US$3,146/oz to US$4,659/oz. ➢200k Put Options (Uncommitted) (2) with an average strike price of US$2,625/oz. (1) Committed hedging means any hedging contract committing a party to deliver an asset at a certain price, or to the payment of any certain loss, where delivery is not made; includes Forwards and Call Options sold. (2) Uncommitted Hedging means any transaction where cover against an adverse movement is afforded but there is no delivery obligation or cost associated other than a known upfront cost at trade entry.
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PERSEUS MINING LIMITED PERSEUSMINING.COM 3 APPENDIX 6 AFRICA & GOLD INSIGHTS
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PERSEUS MINING 46 DISCOVERIES BY REGION/COUNTRY West Africa ranks 1st for discoveries over past decades For the period between 2010–2024 (in millions of ounces) #1 Ranked Gold Discoveries since 2010 60 Moz Discovered since 2010 Source: S&P Global Market Intelligence. West Africa includes Burkina Faso, Côte d’Ivoire, Ghana, Mali, Guinea and Senegal. Perseus's operating countries, Côte d’Ivoire (13.0 Moz) and Ghana (11.9 Moz), both rank inside the global top 15 for discoveries — within the world’s most prospective gold region. 60.0Moz 38.8Moz 38.1Moz 33.8Moz 32.8Moz 29.0Moz 24.8Moz 18.1Moz 18.0Moz 16.7Moz 14.2Moz 13.0Moz 12.9Moz 11.9Moz 7.8Moz 6.8Moz 6.2Moz 5.9Moz 5.5Moz 4.4Moz 4.2Moz 4.1Moz 2.2Moz West Africa Ecuador Canada USA Indonesia Australia Chile China Serbia Burkina Faso South Africa Côte d'Ivoire Mali Ghana DR Congo Mexico Russia Guyana Guinea Brazil Finland Sudan Turkey
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PERSEUS MINING 47 DISCOVERY TO PRODUCTION BY COMMODITY Average lead time from discovery to production, 2002–2023 (127 mines) GOLD IS AMONG THE FASTEST COMMODITIES TO REACH PRODUCTION Across the 127 mines in S&P Global's study, gold mines reach production faster than copper or nickel mines, and only marginally slower than the smaller zinc sample. 15.2 Years — average lead time for the 70 gold mines in the study Source: S&P Global Market Intelligence, “Discovery to production averages 15.7 years for 127 mines,” Paul Manalo, May 4, 2023 (via S&P Capital IQ Pro). Figures reflect the full global sample for each commodity (127 mines that began production 2002–2023, discovered from 1980 onward); one silver mine included in the overall total is not shown separately. S&P Global does not publish this study broken out by both commodity and country/region simultaneously — the country/region view (previous slide) covers all commodities combined, and this commodity view is global only. Gold 70 mines 15.2 yrs 15.7 yrsZinc 9 mines 15.7 yrsAll mines (avg.) 127 mines, all commodities Copper 34 mines 16.2 yrs Nickel 13 mines 17.5 yrs