Perseus Mining Ltd

Published : May 12th, 2008

African Gold Hunt Gives Perseus New Goals

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Keywords :   Ghana | Gold | Newspaper |

African Gold Hunt Gives Perseus New Goals

On the back of two major resource upgrades at its world-class Ayanfuri gold project in Ghana, Perseus Mining has been prominent in the media.

An article from respected business journalist Barry Fitzgerald which appeared in today's Melbourne-based newspaper The Age drew comparisons with fellow African gold companies Equigold and Lihir.

"As it is, on its current resource base, Perseus is trading at less than $50 an ounce. That is at least half the going rate for ASX/TSX-listed gold explorers/developers that have their main focus on West Africa."
Click here to read the article.

Long-time resources writer Ron Berryman has also highlighted Perseus' significant potential on MiningNewsPremium.com. Click here to read the article.

Another article about Perseus' resource upgrades, by Lorna Seatter, appeared on MiningNewsPremium.com. Click here to read the article.

Perseus now has more than 4.7 million ounces in Ghana, an increase of 2.6 million ounces in 12 months.

However, the Company is targeting an increased resource to 8 million ounces with reserves potential to 4 million ounces by the end of 2009.

A Detailed Feasibility Study is underway at Ayanfuri and is expected to be completed by November this year while plans to start production in late 2010 remain on track.

Perseus is in the final stages of listing on the Toronto Stock Exchange (TSX) with the Company planning to be listed in North American by the end of June.

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Data and Statistics for these countries : Ghana | All
Gold and Silver Prices for these countries : Ghana | All

Perseus Mining Ltd

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CODE : PRU.AX
ISIN : AU000000PRU3
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Perseus Mining is a gold exploration company based in Australia.

Its main assets in development are AYANFURI and TENGRELA in Ghana and its main exploration property is GRUMESA in Ghana.

Perseus Mining is listed in Australia, in Canada and in Germany. Its market capitalisation is AU$ 1.8 billions as of today (US$ 1.3 billions, € 1.1 billions).

Its stock quote reached its highest recent level on September 16, 2011 at AU$ 4.05, and its lowest recent point on December 19, 2014 at AU$ 0.20.

Perseus Mining has 1 033 209 984 shares outstanding.

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Project news of Perseus Mining Ltd
6/25/2008(Ayanfuri)Ayanfuri Update. Ghana - West Africa.
4/28/2008(Ayanfuri)Resource Upgrade. Ayanfuri Gold Project (Ghana)
4/2/2008(Tengrela)Wide Drill Intercepts at Tengrela
3/12/2008(Ayanfuri)West Africa Exploration Update
Corporate news of Perseus Mining Ltd
4/27/2016Form 8.3 – Perseus Mining Ltd (118.50kB)
4/27/2016Form 8.3 – Perseus Mining Ltd (118.28kB)
3/5/2015Upgrades Power Generating Capacity at Edikan Gold Mine in Gh...
10/24/2013: September 2013 Quarterly Activity Report Conference Call
10/15/2013Revised Mine Plan for Perseus Mining's Edikan Gold Mine
10/9/2013: Edikan Gold Mine Optimisation and Quarterly Report Dates
9/17/2013High Grade Gold Results from Cote d'Ivoire
8/30/2013Records Profit of $41.4 Million for FY2013
3/5/2010Added to S&P/ASX 200 index
5/12/2008African Gold Hunt Gives Perseus New Goals
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