Perseus secures approvals for underground mining at Yaoure

Core Viewpoint - Perseus Mining Limited has received a Presidential Decree authorizing the development and operation of the CMA underground project at the Yaouré Gold Mine in Côte d'Ivoire, marking a significant milestone for the company [1][5]. Group 1: Approvals and Project Development - The Presidential Decree was granted on September 18, 2025, following the approval of an Environmental and Social Impact Assessment and a Ministerial Arrêté in May 2025 [2]. - The approvals were essential prerequisites for commencing the development phase of the CMA underground project, supported by the Minister of Mines, Petroleum and Energy [2]. Group 2: Infrastructure and Operations - Infrastructure projects related to the CMA underground mine development have been completed, and the development of declines will begin with the commissioning of underground mining equipment by Byrnecut [3]. - The establishment of the underground operation is expected to extend the mine life of Yaouré until at least 2035 based on current Mineral Resource and Ore Reserves [3]. Group 3: Production Timeline - The first ore production is planned for January 2026, with commercial production expected to be achieved by March 2027 [4]. Group 4: Financial Commitment - Perseus plans to invest US$170 million in the CMA underground mine, indicating a new phase in its partnership with the Government of Côte d'Ivoire to expand the mining industry [6].