Join our daily newsletter At The Bell to receive exclusive market insights
- CMA underground performing well and transitioning to operation, with additional jumbo to be mobilised to increase future ore delivery.
- Yaouré open pit identified 24% more metal from the trailing six months.
- Drilling at depth and along strike strengthens confidence.
Perseus Mining (ASX:PRU) is ramping up mining activities at the Yaouré gold project in Côte d’Ivoire after just recently receiving positive results from ongoing resource definition drilling and deposit reconciliation.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
Perseus managing director and CEO Craig Jones said previous work has helped the company identify a range of growth opportunities.
“Yaouré continues to demonstrate why it is a cornerstone asset in our portfolio. The successful transition of CMA Underground into stoping operations reflects the strength of our in-house team and their ability to execute complex underground developments safely and to schedule,” he said today.
“Equally pleasing is Yaouré, which has now delivered more than 20% additional gold relative to our reserve model year to date, while our drilling continues to define new mineralisation domains both at depth and along strike.
“Extension drilling at CMA Underground has produced encouraging results pointing to mineralisation beyond the currently defined mineral resource, and our exploration success beyond the boundary fence reinforces our confidence that Yaouré’s mine life can be extended well beyond current estimates.”
Mr Jones told shareholders the optimistic outlook had provided confidence for the company to invest in $34M of exploration and in-fill drilling studies at Yaouré in FY27.
“It underscores our disciplined approach to organic growth – investing in the drill bit to convert Inferred Resources and extend the life of an asset we know intimately. This is precisely the model that has consistently created value, and we look forward to updating the market as these programs progress,” he said.
Mining at Yaouré commenced in mid-2024, and with the completion of the CMA open pit during Q1 FY26, it became the main ore source for Yaouré.
The ASX-listed mining company reported previously that the reserve to mill reconciliation for the Yaouré open pit shows a positive trend for total ounces for both the quarter and for the previous 12 months.
PRU has been steady at $4.78.
Join the discussion: See what HotCopper users are saying about Perseus Mining Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
