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A RAPIDLY GROWING AFRICAN FOCUSED GOLD PRODUCER, DEVELOPER AND EXPLORER

Perseus Mining is an Australian mining company that currently operates three
gold mines in Africa: Edikan in Ghana, and Sissingué and Yaouré in Côte
d’Ivoire. Perseus also owns the Nyanzaga Gold Project in Tanzania and the Meyas
Sand Gold Project in Sudan.




PERSEUS ACHIEVED ANNUAL GOLD PRODUCTION OF 509,977OZ AT AN ALL-IN SITE COST
(AISC) OF US$1053/OZ IN FY24.

Our first mine, the Edikan Gold Mine in Ghana, has produced more than 2 million
ounces of gold since commencing commercial production in 2012. Based on current
Ore Reserves, Perseus will recover a further 1.3 million ounces of gold from
Edikan over the remaining mine life.

Perseus became a multi-mine, multi-jurisdiction gold producer in January 2018
when it opened its second mine, the Sissingué Gold Mine in Côte d’Ivoire. Its
third gold mine, the Yaouré Gold Mine, also in Côte d’Ivoire, commenced
commercial production in March 2021.

Perseus acquired the Nyanzaga Gold Project in Tanzania in 2024 via its
acquisition of OreCorp (ASX: ORR) and also owns the Meyas Sand Gold Project in
northern Sudan.

Perseus has an experienced and focused board and management team with a track
record of delivering on promises, maximising cash flow to improve shareholder
returns, and providing capital growth for shareholders through exploration
success and judicious acquisitions.




COMPANY HIGHLIGHTS

Multi-mine multi-jurisdictional African gold producer, developer and explorer

2024 Fiscal Year gold production of 509,977 ounces at US$1,053/oz AISC

FY24 Notional Cashflow ofUS$490M

FY24 Total Dividends of 5.0 cents per share - A$68.7M returned to Shareholders

~US$717M Total FY24 Economic Contribution to our host countries

~96% Local employment within countries of operation and strong "licence to
operate"

OUR BUSINESS

Perseus Mining is focused on discovering, acquiring and developing a portfolio
of good quality gold producing assets in Africa. Perseus currently operates
three gold mines: Edikan in Ghana, and Sissingué and Yaouré in Côte d’Ivoire.

Perseus produced 509,977oz gold at an ASIC of US$1,053/oz for the Financial Year
ending 30 June 2024.

Read more


SUSTAINABLE DEVELOPMENT

We are guided by the belief that responsible gold mining can play a key role in
sustainable development – we are committed to building a legacy that creates
enduring social value for our host countries and communities well into the
future. We achieve this through high standards of governance, deep respect for
the environment and care for the welfare of our employees, contractors and the
communities in which we operate.
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KEY SECTIONS


 * Our Story
 * Our Business
 * Sustainable Development

 * ASX Announcements
 * Careers
 * Contact


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SUPPLIERS

Terms and Conditions
Australia
Côte d’Ivoire
Ghana
Sudan
Tanzania

Supplier Code of Conduct

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Arabic

 


ASX ANNOUNCEMENTS




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© 2024 Perseus Mining Limited - All Rights Reserved

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Amber Banfield
Non-Executive Director


Ms Amber Banfield was appointed as a Non-Executive Director of Perseus in May
2021.

Amber holds a Bachelor of Engineering (Environmental and Civil) degree and a
Master of Business Administration, both awarded by the University of Western
Australia. Amber has agreed to assume the role of Chairperson of the Board’s
Audit and Risk Committee and will assume specific responsibility for oversight
of the Company’s Sustainability (ESG) function.

Amber held management positions with Worley for 20 years, contributing to the
Australian company growing into the world’s largest energy and resources
engineering services provider with 48,000 employees across 49 countries
globally. Amber’s most recent roles included Global Strategy Manager and Global
M&A Manager where amongst other things, she was responsible for developing and
implementing a company-wide Energy Transition strategy to grow decarbonizing
businesses including hydrogen and renewables.

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Elissa Brown
Non-Executive Director


Ms Elissa Brown was appointed to the role of Non-Executive Director of Perseus
in November 2020.

Ms Brown is a Chartered Accountant (ICAA) with a Bachelor of Commerce (BComm)
from Curtin University and has over 19 years of experience in a range of
financial roles with Australian and International companies.

Ms Brown has held financial management roles with various companies involved
with gold, base metals and oil & gas mining in Australia and internationally.
Most recently, until her decision to step down from executive duties in October
2020, Elissa served as Perseus Mining’s Chief Financial Officer, having first
joined the company in 2010 and promoted to CFO in 2013.

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David Ransom
Non-Executive Director


Dr Ransom has more than 45 years of experience within the mining industry in
Australia and abroad.  He is a graduate of the University of Sydney (BSc
Geology) (Hons) and Australian National University (PhD – Structural
Geology).  His earlier experience included roles as a project geologist with the
Aberfoyle Group in Australia and Cominco Ltd in Canada.  Dr Ransom also worked
as a specialist consultant for 20 years with a clientele including CRA, BHP,
Newmont and numerous companies in the microcap sector, specialising in
structural geology.

For 17 years, Dr Ransom worked for Acorn Capital Ltd as resource
analyst/portfolio manager focusing on the microcap materials and energy
sectors.  He is well known and highly regarded in the fund management
industry.  He retired from Acorn Capital Ltd in September 2016 but remains a
consultant.  Dr Ransom has extensive board experience gained over the past 25
years in small mining and exploration companies.

×

Sally-Anne Layman
Non-Executive Director


Ms Sally-Anne Layman was appointed to the role of Non-Executive Director of
Perseus in September 2017.

Ms Layman, who holds both a Bachelor of Commerce (Accounting) and a Bachelor of
Engineering in Mining (Hons) is also Chairperson of Perseus’ Audit and Risk
Committee and a member of its Remuneration Committee.

Ms Layman is a Non-Executive Director and Chair of the Audit and Risk Committee
for Imdex Limited and Beach Energy Ltd and a Non-Executive Director of Pilbara
Minerals Ltd. Before retiring from executive roles in 2016, Ms. Layman spent 15
years working for the leading Australian investment Bank Macquarie Limited, with
her most recent role being Division Director and Joint Head of the Perth office
for the Metals, Mining and Agriculture Division.

×

Sean Harvey
Non-Executive Chairman


Mr Sean Harvey is Perseus Mining’s Non-Executive Chairman and a former
Non-Executive Director of Perseus (from September 2009 to March 2017).

Mr Harvey has extensive experience in investment banking as well as executive
management experience in the resources sector and brings valuable experience to
assist the company as it seeks to broaden global market awareness of its growth
as a West African gold producer. Mr. Harvey holds an Honours BA degree in
Economics and Geography and an MA in Economics, both from Carleton University,
an LLB from the University of Western Ontario and an MBA from the University of
Toronto and he is a member of the Law Society of Upper Canada.

Mr Harvey also serves as Non-Executive Chairman of Victoria Gold Corporation and
as a Non-Executive Director of Serabi Gold plc.

×

Michael Cardinaels
General Manager Operations, Sissingué


Mr Michael Cardinaels was appointed to the role of General Manager at Sissingué
in March 2020. Mr Cardinaels joined Perseus in September 2017 as Mining Manager
taking the operation from construction to full scale production and was
subsequently appointed to the role of Operations Manager in March 2019.

Mr Cardinaels received a Bachelor of Engineering degree in Mining Engineering
from the University of Queensland and holds qualifications in Management from
the Australian Institute of Management and an Unrestricted Quarry Manager’s
certification.

Mr Cardinaels has 20 years of experience in the mining industry with multiple
commodities.

Mr Cardinaels began his career in underground gold mining followed by multiple
operational and technical services roles in open cut coal in Australia. Prior to
joining Perseus, he spent more than 5 years managing a major expansion and
production at MMG’s Kinsevere open pit Copper Mine in the Democratic Republic of
Congo.

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Merlin Thomas
General Manager Operations, Yaouré


Mr Merlin Thomas took up the role of General Manager at Sissingué in October
2017 and has recently been appointed General Manager of Yaouré, Perseus third
Gold Mine (March 2020). He is a mining professional with more than 35 years’
experience in the operation, commissioning, construction and evaluation of
mineral projects in gold and base metals across five continents. Prior to
joining Perseus Mining he was with First Quantum Minerals for 9 years and Zara
Mining for 2 years.

Mr Thomas has a degree in Mineral Processing from the Royal School of Mines,
Imperial College, London University, and is a Fellow of the Institute of
Materials, Minerals & Mining, a Chartered Engineer (Engineering Council, UK), a
European Ingénieur (FEANI), and a Practitioner Member of the Institute of
Environmental Management and Assessment.

×

Chantelle De La Haye
Group HSE Manager


Ms Chantelle De La Haye is a health, safety and environmental specialist with
over 20 years’ experience in site-based and corporate roles in the Australian
and African mining industries.

Ms De La Haye holds a Bachelor of Engineering (Environmental) degree from the
Royal Institute of Technology (RMIT) and a Post-Graduate Diploma in Occupational
Health and Safety from Curtin University.

Ms De La Haye has worked for Perseus since 2010 and prior to this she was the
Environment Manager at Mineral Deposit Limited’s (MDL) Sabodala Gold Mine where
she was responsible for developing and implementing environmental management
systems and monitoring programs. Before joining MDL, Chantelle was HSE Manager
for Anvil Mining in the DRC, initially based at Anvil’s Kulu Mine and then in a
regional role.

×

Colin Carson
Commercial Director


Mr Colin Carson, retired as a Director of the Company at the Annual General
Meeting held on 29th November 2019. He has performed the role of Executive
Director- Commercial for the last 7 years at Perseus. During his time with
Perseus, Mr Carson has accumulated a vast amount of corporate history and
knowledge which will not be lost to the Company as he has agreed to continue
serving as a part-time consultant for the foreseeable future. Mr Carson has been
involved as a director of numerous Australian public companies since the 1980s
and has extensive technical, commercial, taxation and mining laws knowledge and
experience in West Africa. Mr Carson will continue to oversees joint venture
negotiations and corporate and legal matters for Perseus.

×

Martijn Bosboom
General Counsel & Company Secretary


Martijn Bosboom was appointed Perseus’ General Counsel and Company Secretary in
2013. Mr Bosboom holds a Bachelor of Laws from the University of Western
Australia and a Master of Laws from the University of Leiden, the Netherlands.
He also holds the Graduate Diploma of Applied Corporate Governance issued by,
and is a Fellow of, the Governance Institute of Australia.

Mr Bosboom has more than 20 years’ experience as a corporate commercial lawyer
across various industries and jurisdictions.

×

Matthew Scully
Group General Manager – Development


Mr Matthew Scully has built his career in Project Management within the mining
sector completing both greenfield and brownfields projects of varying sizes on
three continents over the past 15+years. The latest project prior to joining
Perseus was the completion of the 100% Evolution Mining owned $180 million Mt
Carlton Gold/Silver Project in North Queensland.

Mr Scully has a range of experience in various commodities including Manganese,
Nickel, Copper and Gold and has managed projects both for underground and open
pit operations.

Mr Scully joined Perseus in December 2016 and completed successfully the
development of the Sissingué Project in Northern Côte d’Ivoire.

×

Daniel Lougher
Non-Executive Director


Mr Daniel Lougher’s professional qualifications including a Bachelor of Science
(Honours) of Mining Geology, a Graduate Diploma in Engineering (Mining) and a
Master of Science (Engineering). Mr Lougher also holds a First Class Mine
Manager’s Certificate of Competency (WA) and is a Member of the Australasian
Institute of Mining and Metallurgy.

Mr Lougher is currently the Managing Director and Chief Executive Officer of the
successful Australian nickel miner, Western Areas Ltd, having held this role
since February 2012. In total, Mr Lougher’s professional career spans more than
35 years involving a range of exploration, feasibility, development, operations,
and corporate roles with Australian and international mining companies including
a period of eighteen years spent in Africa with BHP Billiton, Impala Plats,
Anglo American and Genmin.

×

Mark Somlyay
Group General Manager-Commercial


Mr Mark Somlyay was appointed to his current role in November 2018, having spent
the previous 4 years based at Perseus’s African operations where he oversaw the
financial, supply chain and commercial functions.

Mr Somlyay holds a Bachelor of Commerce degree from the University of Queensland
and is a Certified Practicing Accountant (CPA). Prior to joining Perseus, Mark
has spent 18 years in senior Finance, Commercial and Business Improvement roles
in Australia, Africa and internationally with a range of companies including
London Mining, Inmet Mining, Barrick Africa, Oceana Gold and Xstrata.

×

Stephen Kofi Ndede
General Manager Operations, Edikan


Mr Stephen Kofi Ndede was appointed the General Manager of the Edikan mine of
Perseus mining in 2017 after working in the company as the Mining Operations
manager for 2 years. Before joining Perseus Mr Ndede was the Business
Improvement Manager of Golden Star Resources.

Mr Ndede has over 30 years’ experience in mine planning and operations and over
the years has worked for Anglogold Ashanti, RandGold Resources and other
companies in West-Africa. Mr Ndede has a track record of turning around
distressed companies to profitable entities and was instrumental in turning
around the fortunes of Iduapriem mine around in the early 2000s into a
profitable mine.

Mr Ndede holds an MSc (1993) in Mining Engineering from the Camborne School of
mines and a post – graduate Diploma in Mining Engineering from Tarkwa School of
Mines.

×

Michael Beck
Group Human Resources Manager


Mr Michael Beck has joined Perseus with effect from 1 July 2018 and has over 25
years’ experience in the mining and resource sector across a broad range of
commodities. He has recently worked on international greenfield projects in
Central Asia, West Africa and Europe.

Mr Beck has considerable operations experience through his involvement with such
companies as Rio Tinto, BHP Billiton, Minara Resources and Shandong Iron and
Steel Group.

×

Douglas Jones
Group General Manager – Exploration


Dr Douglas Jones is a geologist with over 40 years of international exploration,
exploration management and consulting experience in the mining industry. Dr
Jones is a member of AusIMM (CP, Geo), AIG and SEG.

Between 2007 and 2014 Dr Jones served variously as Technical and Managing
Director of Liontown Resources and Chalice Gold Mines responsible for
exploration projects in Australia, Canada and Eritrea, the latter including the
completion of exploration and feasibility studies on the Zara Gold Project
before its sale to Chinese interests. Prior to that Dr Jones served for five
years as Vice President Exploration for Golden Star Resources, responsible for
their exploration activities in West Africa and South America. Earlier in his
career Dr Jones served in senior exploration roles at Delta Gold Limited, Golden
Shamrock Mines and Pancontinental Mining, where he was instrumental in the
discovery of the Siguiri Gold Project in Guinea.

Dr Jones has also served as a Non-Executive Director of TSX- and AIM-listed
companies Minera IRL Limited, Serabi Gold Limited and Moto Goldmines Limited.

×

Andrew Grove
Group General Manager – Business Development and Investor Relations


Mr Andrew Grove is a senior Mining and Finance Executive with extensive
experience and knowledge covering a diverse range of commodities and geographies
and has an established track record of achieving results, identifying
opportunities, structuring and executing transactions, establishing and
maintaining networks as well as managing risk and developing teams.

Mr Grove has 28 years of experience including; 14 years with the Mining Finance
Division of Macquarie Bank Limited where he held the position of Division
Director prior to joining Perseus in September 2018.

Mr Grove holds a BEng (Geology) from the WA School of Mines and a Masters in
Mineral Economics from Macquarie University.

×

Paul Thompson
Group General Manager – Technical Services


Mr Paul Thompson has well over 30 years’ experience in the mining industry,
having previously worked with Anglo American, De Beers, Newcrest, Coffey Mining,
Alacer Gold and AECOM before joining Perseus in January 2015 as Group General
Manager Technical Services.

Mr Thompson has an Honours B.Sc. degree in Physical Geography and Geology and a
M.Sc. in Engineering Geology.

Mr Thompson has worked on mining operations and projects in Ghana, Côte
d’Ivoire, South Africa, Namibia, Australia, Indonesia, Turkey, Philippines and
Chile in senior technical services and project management roles.

Since joining Perseus, Mr Thompson has led the completion of the Sissingué and
Yaouré Feasibility Studies and he and his team have been integral in achieving
stability and predictability of production at Edikan Ghana.

×

Chris Woodall
Chief Operating Officer


Mr Chris Woodall was appointed Chief Operating Officer in September 2016. Mr
Woodall received a Bachelor of Engineering degree in Mining Engineering from the
Western Australian School of Mines and holds a degree in Surveying from the
University of South Australia.

Mr Woodall has over 30 years of experience in the mineral sector with a strong
emphasis on underground and open pit mining. Throughout his career, Mr Woodall
has been recognized for his successes in extending mine life by improving
operational efficiencies and for making fundamental safety, continuous
improvement and cultural changes.

Mr Woodall began his career in Gold Mining in Tennent Creek, Australia in 1985
and he has held several management positions with the Renison Tin Mine, Henty
Gold Mine in Tasmania, the CSA Copper Mine in New South Wales, Australia, as
well as Barrick Gold and Goldcorp in Canada.

×

John McGloin
Non-Executive Director


Mr John McGloin is the former Chairman and CEO of Amara Mining and joined
Perseus in April 2016, following the scheme of arrangement between Amara Mining
and its shareholders becoming effective.

Mr McGloin is a geologist and graduate of Camborne School of Mines, Mr McGloin
worked in the mining industry in Africa before moving into consultancy. He
joined Arbuthnot Banking Group following four years as a mining analyst at
Evolution Securities. Mr. McGloin is the former Head of Mining at Collins
Stewart.

Over the years, Mr McGloin has worked for many mining companies including
African Platinum, Randgold Resources, Avocet Mining, European Goldfields and
Titanium Resources Group.

×

Jeff Quartermaine
Managing Director and Chief Executive Officer


Mr Jeff Quartermaine has more than 25 years’ experience in senior financial and
strategic management roles with ASX and TSX-listed resources companies. Mr
Quartermaine is a Certified Practising Accountant (CPA) who holds both business
management (MBA) and engineering qualifications (BE).

As Perseus’ Chief Financial Officer from 2010 to 2013, Mr Quartermaine was a
significant contributor to the team advancing Perseus’s Edikan Gold Project in
Ghana to production, and preparing the Sissingué Gold Project, Côte d’Ivoire,
for a development decision.

Mr Quartermaine was appointed Managing Director in January 2013.

×

Chris Woodall
Chief Operating Officer


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