Perseus extends life of Yaouré gold mine to 2035

Highlights:

• Perseus has extended Yaouré’s operational life to 12+ years (till at least 2035) with potential for further extension through additional discoveries adjacent to existing infrastructure, and further resource definition drilling of known deposits – including the Yaouré open pit and CMA underground (CMA UG) structure.
• Yaouré’s updated LOMP incorporates for the first time an UG mining operation below the CMA Open Pit, as well as the existing CMA Open Pit and an expanded Yaouré Open Pit.
• Yaouré Gold Mine Ore Reserves now total 37.2 million t of ore grading 1.73 g/t gold, containing 2.07 million oz of gold from open pits and underground.
• Updated measured and indicated mineral resources are estimated at 54.7 million t grading 1.59 g/t gold, containing 2.80 million oz of gold. Inferred resources are estimated at 11.3 million t, grading 1.9 g/t gold, containing 0.70 million oz of gold.
• CMA UG Ore Reserves are based on drilling to 185m below the base of the CMA open pit, with inferred mineral resources extending to 350 m below the base of the pit and remaining open down plunge and at depth.

Jeff Quartermaine, Perseus’s Managing Director and CEO, said:

“Our increase to the life of Yaouré Gold Mine to 12+ years announced today ensures Yaouré will continue to be an important part of Perseus’s geopolitically diverse asset portfolio for many years to come and will enable us to continue delivering on our Corporate Mission of generating material benefits for all of our stakeholders, including our host governments and communities.

“When Perseus acquired Yaouré as a development project in 2016, the possibility of extending the life of the mine through development of an underground operation was not part of the plan. However, our discovery, and subsequent engineering and planning, that has led to today’s announcement, bears testament to Perseus’s in-house ability to create significant value through organic growth.

“An underground mine planned for Yaouré, will be Perseus’s first foray into underground mining, with all previous operations having been open cut operations. While the underground mine represents a new style of mining and a new challenge for us as a company, it is certainly not new to many of our technical team members, who are very keen to demonstrate their skills in an underground mining setting.

“With the prospect of further extending the mine life through further exploration success, we expect that the Yaouré Mine will live up to its reputation as one of the leading mines in Côte d’Ivoire, if not in all of West Africa.”

Read the article online at: https://www.globalminingreview.com/mining/26092023/perseus-extends-life-of-yaour-gold-mine-to-2035/