Core Viewpoint - Perseus Mining Limited has made a definitive binding offer to acquire all issued shares of Predictive Discovery Limited that it does not already own, positioning the offer as a "Superior Proposal" compared to a prior agreement with Robex Resources Inc [1][2][5]. Offer Details - The offer consists of 0.1360 new Perseus shares for each Predictive share, valuing Predictive shares at A$0.778 based on Perseus's closing price of A$5.72 on December 2, 2025, representing a premium of 24.5% to Predictive's closing price and 34.8% to its 10-day volume weighted average price [2][5]. - Perseus currently holds 17.8% of Predictive's ordinary shares [1][7]. Strategic Rationale - The acquisition is seen as an excellent strategic fit, enhancing Perseus's portfolio quality and expanding its African gold platform [6]. - Perseus aims to de-risk and optimize Predictive's Bankan Gold Project in Guinea, leveraging its experience from similar projects [6]. - The transaction is expected to materially enhance earnings, cash flow, and production, with Bankan projected to add approximately 249,000 ounces to Perseus's existing annual production of 500,000-600,000 ounces [6]. Financial Support - Perseus has offered a binding A$37 million loan facility to Predictive to assist with termination fees under the Robex Agreement and for general working capital [4]. Implementation Conditions - The proposed transaction will be subject to conditions including independent expert approval, regulatory approvals, and a 75% approval from Predictive shareholders at a Scheme Meeting [8]. - The matching right process with Robex has commenced, allowing Robex the opportunity to present a competing proposal until December 10, 2025 [10].

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Core Insights - Perseus Mining Limited has received official authorization to begin construction and operation of an underground mine at its Yaouré Gold Mine in Côte d'Ivoire, marking a significant milestone for the company [1][2] - The company plans to invest $170 million in the underground mining project, with expectations to produce the first ore by January 2026 and to commence commercial-scale mining by March 2027 [2][3] - The Yaouré project is set to become Côte d'Ivoire's first modern underground gold mine, allowing Perseus to access richer and deeper ore deposits, which is projected to contribute approximately one-third of the company's total gold production over the next decade [3] Company Overview - Perseus Mining Limited is an Australian gold mining company engaged in the acquisition, exploration, development, and operation of gold properties across West Africa, including the Edikan Gold Mine in Ghana and the Sissingué and Yaouré gold mines in Côte d'Ivoire [4] - The company's primary product is gold bullion, produced through both open-pit and underground mining operations [4]

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].

Core Viewpoint - Perseus Mining Limited has reported record financial results for the fiscal year ending June 30, 2025, driven by elevated gold prices and strong operational performance, leading to increased capital returns to shareholders through dividends and share buybacks [6][7]. Financial Performance - Profit after tax (PAT) reached US$421.7 million (A$651.0 million), a 16% increase from the previous year [4]. - Revenue increased by 22% to US$1.248 billion (A$1.927 billion) [4]. - EBITDA rose by 18% to US$740.3 million (A$1,142.8 million) [4]. - Basic earnings per share (EPS) increased by 14% to US$0.270 (A$0.417), resulting in a P/E ratio of 8.8 [4]. - Operating cash flow was US$536.7 million (A$828.4 million), a 25% increase, equating to US$0.391 (A$0.604) per share [4]. - Net tangible assets (NTA) amounted to US$1.9 billion (A$2.9 billion), or US$1.40 (A$2.14) per share, a 52% increase from the previous year [13]. Capital Returns - A final dividend of A$0.05 per share was declared, bringing the total dividend for FY25 to A$0.075 per share, a 50% increase from FY24 [4][7]. - The company plans to invest up to A$100 million in a share buyback program over the next 12 months [4][15]. Sustainability Performance - The company contributed approximately US$813 million to host countries, including Tanzania and Sudan, with 94% local employment and 88% local procurement [5]. - Perseus reported a Total Recordable Injury Frequency Rate (TRIFR) of 0.60, a 43% improvement from FY24, indicating strong safety performance [23]. - Community contributions totaled US$5.6 million in Côte d'Ivoire and Ghana [5][24]. Outlook - Gold production and cost guidance for FY2026 remain unchanged, with expected production of 400,000 to 440,000 ounces and all-in site costs ranging from US$1,460 to US$1,620 per ounce [22].

Core Viewpoint - Perseus Mining Limited has updated its estimates of Mineral Resources and Ore Reserves as of June 30, 2025, reporting significant increases in both categories, indicating growth in the company's gold assets [1][2]. Mineral Resources Summary - The total Measured and Indicated (M&I) Mineral Resources are now estimated at 7.8 million ounces (Moz) of gold, with a total of 185.9 million tonnes (Mt) grading 1.30 grams per tonne (g/t) [2][10]. - This represents an increase from the previous year's estimate of 4.9 Moz of gold from 115.9 Mt grading 1.31 g/t [10]. - Inferred Resources are reported at 39.9 Mt grading 1.5 g/t for 1.9 Moz of gold, up from 1.3 Moz from 24.1 Mt grading 1.6 g/t in the prior year [10]. Ore Reserves Summary - The Proved and Probable Ore Reserves total 5.0 Moz of gold, with 116.7 Mt at an average grade of 1.33 g/t [2][6]. - This marks an increase of 2.1 Moz in Ore Reserves compared to the previous year, reflecting the company's strategic reassessment of growth opportunities within its portfolio [3][6]. - The breakdown of Ore Reserves includes 20.9 Mt of Proved Reserves and 95.8 Mt of Probable Reserves [6]. Project-Specific Details - The Edikan Gold Mine contributes significantly to the estimates, with 29.7 Mt of total Ore Reserves at a grade of 1.03 g/t, equating to 980,000 ounces [6]. - The Sissingué Gold Mine and Yaouré Gold Mine also contribute notable amounts, with respective total Ore Reserves of 3.7 Moz and 1.4 Moz [6]. - The Meyas Sand Gold Project (formerly Block 14) includes Indicated Mineral Resources of 3.3 Moz and a Probable Mineral Reserve of 2.9 Moz, which are not included in the main estimates [2][11]. Strategic Insights - The company is focusing on optimizing its portfolio rather than adhering to fixed investment targets for each asset, aiming to balance growth investments with cash margins [3]. - The updated estimates are in accordance with the JORC Code (2012) and reflect a commitment to maintaining high standards in reporting mineral resources and reserves [12][19].

Perth, Aug. 21, 2025 (GLOBE NEWSWIRE) -- PERSEUS EXECUTES KEY NYANZAGA AGREEMENTS WITH TANZANIA Perth, Western Australia/August 21, 2025/Perseus Mining Limited (ASX/TSX: PRU) is pleased to announce a formal signing ceremony at Perseus's Nyanzaga Gold Project in Tanzanian (NGP) on 20 August 2025 to execute mission critical agreements between the Tanzanian Government and Perseus's subsidiary, Nyanzaga Mining Company Limited. These Agreements are the result of extensive negotiations conducted between Perseus a ...

Core Points - Perseus Mining Limited is set to host an investor webinar and conference call to discuss its FY25 Results, scheduled for release on August 28, 2025 [1] - The webinar will provide insights into the company's financial performance and strategic direction [1] Call Details - The call will take place at different times across various regions: - Australia: 7:00 am (Perth), 9:00 am (Sydney/Melbourne) on August 28, 2025 - Canada: 4:00 pm (Vancouver), 7:00 pm (Toronto) on August 27, 2025 - UK: 12:00 am on August 27, 2025 [2] - Registration for the webinar is available through a provided link, and participants will receive a confirmation email with joining details [2] Dial-in Information - Participants can join the webinar via telephone using specific numbers for various locations, including Australia, Singapore, Canada, USA, New Zealand, and the UK [3] - The Webinar ID for telephone access is 874 5893 8434 [3] Company Structure - Perseus Mining Limited has a capital structure that includes 1,353,991,309 ordinary shares and 9,328,134 performance rights [3] - Key personnel include Rick Menell (Non-Executive Chairman), Jeff Quartermaine (Managing Director & CEO), and other non-executive directors [3][4] Additional Information - A recording of the conference call will be available on Perseus's website following the event [4] - The announcement regarding the webinar was approved by Jeff Quartermaine, the Managing Director and CEO [4]

Core Viewpoint - Perseus Mining Limited announces the retirement of its long-serving Managing Director and CEO, Jeff Quartermaine, effective September 30, 2025, after 12 years in the role, during which he transformed the company into a leading multi-mine gold producer in Africa [2][3][7]. Company Transformation - Jeff Quartermaine joined Perseus in 2010 as CFO and became CEO in 2013, leading the company from a single-mine operation to a multi-mine, multi-jurisdictional gold producer with three operating mines and a fourth under construction [3][7]. - Under Quartermaine's leadership, Perseus has become one of the most profitable gold producers globally and joined the ASX100 index in June 2025 [7]. Future Leadership - Craig Jones, former global COO of Newcrest, will replace Quartermaine as MD and CEO, starting August 18, 2025, and officially assuming the role on October 1, 2025 [6][11]. - Jones brings over 25 years of global experience in the mining sector, with a strong background in stakeholder management and sustainable practices [8][10]. Company Operations - Perseus currently operates three gold mines: Edikan in Ghana, and Yaouré and Sissingué in Côte d'Ivoire, with a fourth mine, Nyanzaga, in Tanzania, expected to commence production in Q1 CY2027 [4][7]. Leadership Acknowledgment - Perseus's Chairman, Rick Menell, expressed gratitude for Quartermaine's contributions, highlighting his role in establishing a solid foundation for the company's future growth [4][11].

Perth, July 22, 2025 (GLOBE NEWSWIRE) -- PERSEUS MINING DELIVERS ENCOURAGING DRILLING RESULTS FROM ITS CURRENT DRILL PROGRAM AT THE NYANZAGA GOLD PROJECT Perth, Western Australia/July 22, 2025/Perseus Mining Limited (ASX/TSX: PRU) is pleased to provide an update on ongoing resource definition drilling currently being conducted at its Nyanzaga Gold Project (NGP) in Tanzania and to announce some of the more significant drill results achieved since our last exploration announcement, dated December 5, 2024 (see ...