Perseus Mining Limited (PRU:ASX/TSX) owns 70% of the Meyas Sand Gold Project (MSGP), in
northern Sudan, located approximately 75 kilometres south of the border with Egypt and more than
1,000 kilometres north of Sudan’s capital city, Khartoum.
During the weekend, international and domestic media outlets reported on instances of armed
conflict between the Sudanese military and an influential militia group, in and around Khartoum.
While Perseus does maintain a small office in Khartoum to service the MSGP, its presence in the
capital city is minor. Perseus’s staff, both in Khartoum and on site at MSGP, are safe and no damage
has been reported to any of its physical assets or infrastructure.
Perseus is maintaining a “business as usual” approach while actively monitoring the situation, along
with a team of international security specialists. The safety of all of Perseus’s staff is the number one
priority in this situation and Perseus has a range of measures in place to appropriately respond to
any change in circumstances.
Perseus’s Managing Director and CEO Jeff Quartermaine said: “Our Meyas Sand Gold Project, which was
acquired nearly 12 months ago, is located more than 1,000km away from Khartoum – more than the distance
from London to Berlin or 1.5 times the distance from Sydney to Melbourne. All of our people are safe, and our
physical assets are not damaged by the reported events in Khartoum. We are monitoring the situation very
carefully and are prepared to act if necessary.
To the end of February 2023, Perseus had invested approximately US$23 million in MSGP, preparing for a
possible Final Investment Decision (FID) on MSGP in the second half of CY2023. As such, our Sudanese
exploration and pre-development assets currently comprise a relatively small part of our portfolio.
All of our gold production activities that currently deliver more than 500,000 ounces of gold per year at an AISC
of less than US$1,000 per ounce, take place in West Africa, specifically, Ghana and Cote d’Ivoire which are not
in any way impacted by the reported events.
Perseus will publish our March 2023 Quarter report on Wednesday 19 April 2023, that will indicate that the
Company is in very good shape and continues to deliver material benefits to all of our stakeholders.”
This announcement was approval for release by Jeff Quartermaine, Managing Director and CEO.

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