Perseus Mining Updates Mineral Resources and ORE Reserve Estimates Executive Summary
21 AUGUST 2025
NEWS RELEASE
PERSEUS MINING LIMITED
Level 2, 437 Roberts Road, Subiaco WA 6008
ABN: 27 106 808 986
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PERSEUS MINING UPDATES MINERAL RESOURCES AND
ORE RESERVE ESTIMATES
EXECUTIVE SUMMARY
Perth, Western Australia/August 21, 2025/Perseus Mining Limited (ASX/TSX: PRU) is pleased to update estimates of its
Mineral Resources and Ore Reserves as of 30 June 2025.
The Perseus Group’s Measured and Indicated (M&I) Mineral Resources now total 7.8 Moz gold (Table 1) while Proved and
Probable Ore Reserves total 5.0 Moz gold (Table 2). Not included in these estimates, is the Foreign/Historical Estimate for
the Meyas Sand Gold Project (MSGP, formerly Block 14) including Indicated Mineral Resources1 consisting of 3.3 Moz Au
(Table 3) and a Probable Mineral Reserve1 of 2.9 Moz gold (Table 4).
The sources of change underlying the 2.1 Moz gold increase in Perseus’s estimate of Ore Reserves against those reported at
30 June 2024 are presented in Error! Reference source not found.. As part of its annual planning cycle, the Company has
reassessed the growth opportunities available within its portfolio with the approach of optimising the portfolio rather than
focussing on fixed investment targets for each asset. In this way, the Company has sought to find the balance between
investment in growth opportunities and the cash margin generated by the business.
Figure 1: Change in Perseus Group Ore Reserves by Project – June 2024 to June 2025
1 These estimates including the tables set out below have been prepared by Orca in accordance with Canadian National Instrument 43-101 standards
and have not been reported in accordance with the JORC Code. A competent person has not done sufficient work to classify the resource in accordance
with the JORC Code and it is uncertain that following evaluation and/or further exploration work that the estimate will be able to be reported as a
mineral resource or ore reserve in accordance with the JORC Code. Orca Ore Reserve and Mineral Resource figures are stated on 100% basis.
2
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PERSEUS ESTIMATES
Table 1: Perseus Mining Mineral Resources1,2,4,5
PROJECT
MEASURED RESOURCES INDICATED RESOURCES MEASURED & INDICATED
RESOURCES INFERRED RESOURCES
QUANTITY GRADE GOLD QUANTITY GRADE GOLD QUANTITY GRADE GOLD QUANTITY GRADE GOLD
Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz
Edikan 13.1 0.96 407 37.7 1.02 1,236 50.8 1.01 1,644 7.8 1.5 367
Sissingué3 1.5 1.18 56 5.3 1.85 317 6.8 1.71 373 0.2 1.2 7
Yaouré 11.5 0.79 293 42.6 1.68 2,301 54.1 1.49 2,594 16.9 1.8 982
Nyanzaga - - - 74.2 1.33 3,162 74.2 1.33 3,162 15.0 1.2 584
Total 26.1 0.90 756 159.8 1.37 7,017 185.9 1.30 7,773 39.9 1.5 1,940
Table 2: Perseus Mining Ore Reserve1,4,5
PROJECT
PROVED PROBABLE PROVED & PROBABLE
QUANTITY GRADE GOLD QUANTITY GRADE GOLD QUANTITY GRADE GOLD
Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz
Edikan 8.6 0.91 250 21.1 1.08 730 29.7 1.03 980
Sissingué3 0.8 1.42 38 2.9 2.14 199 3.7 1.98 237
Yaouré 11.5 0.79 293 19.8 1.81 1,151 31.3 1.44 1,444
Nyanzaga - - - 52.0 1.40 2,342 52.0 1.40 2,342
Total 20.9 0.86 581 95.8 1.44 4,422 116.7 1.33 5,003
Notes for Table 1 and Table 2:
1 Refer to Notes to individual tables of Mineral Resources and Ore Reserves in respect of each project presented below.
2 Mineral Resources are inclusive of Ore Reserves.
3 Sissingué Mineral Resources and Ore Reserves include the Fimbiasso and Bagoé Projects in addition to the Sissingué Gold Mine.
4 The Company holds 90% of Edikan Gold Mine (EGM) and Yaouré Gold Mine (YGM) , 86% of Sissingué Gold Mine (SGM) except Bagoé at 90%, and 80% of
Nyanzaga Gold Project (NGP).
5 Excludes Foreign/Historical Estimates
FOREIGN/HISTORICAL ESTIMATES
Table 3: Summary of Meyas Sand Gold Project Mineral Resource 1,2,3,4,6
TYPE
INDICATED5 INFERRED
Mt Au g/t Ag g/t Au koz Ag koz Mt Au g/t Ag g/t Au koz Ag koz
Oxide 10.2 1.35 1.49 443 487 1.1 1.0 1.2 34 41
Trans. 13.4 1.22 1.33 527 575 1.5 1.0 1.2 50 57
Fresh 56.3 1.31 1.82 2,371 3,296 15.9 1.2 1.6 626 838
TOTAL 79.9 1.30 1.70 3,342 4,358 18.5 1.2 1.6 711 936
Notes for Table 3:
1. Based on September 2018 estimates of Galat Sufar South and Wadi Doum Mineral Resources by MPR Geological Consultants Pty Ltd.
2. 0.6 g/t cut-off grade applied to all material types.
3. Estimates are not depleted for artisanal mining, the impact of which is not considered material.
4. Galat Sufar South Mineral Resource estimates are truncated at 350 m depth, with around 90% of Indicated and Inferred resources occurring at depths of less than
240 and 300 m respectively. Wadi Doum estimates extend to around 255 m depth, with around 90% of Indicated and Inferred resources occurring at depths of less
than 115 m and 190 m respectively. The depth limits imposed on the estimates are considered to largely confine the estimates to material with reasonable
prospects of eventual economic extraction.
5. Indicated Mineral Resources are inclusive of Mineral Reserves.
6. Rounding of numbers to appropriate precisions may have resulted in apparent inconsistencies.
Table 4: Summary of Meyas Sand Gold Project Mineral Reserves1,2,3,4,5
PROJECT AREA CLASSIFICATION
OXIDE TRANSITIONAL FRESH TOTAL
‘000 tonnes Au g/t ‘000 tonnes Au g/t ‘000 tonnes Au g/t ‘000 tonnes Au g/t
Main Probable 4,347 1.27 5,088 1.19 13,488 1.31 22,923 1.28
East Probable 8,302 0.89 11,236 0.89 30,729 1.05 50,267 0.99
North East Probable 1,606 0.84 2,192 0.85 367 0.90 4,166 0.85
Total GSS Probable 14,255 1.00 18,516 0.97 44,584 1.13 77,356 1.07
Wadi Doum Probable 527 1.90 119 2.37 1,941 2.49 2,588 2.36
Block 14 Total Probable 14,783 1.03 18,635 0.98 46,525 1.19 79,943 1.11
Notes for Table 4:
1. Based on Mineral Reserve Statement 7 November 2018.
2. CIM Definition Standards were followed for the classification of Mineral Reserves.
3. Mineral Reserves were optimised using a gold price of US$1,100/oz.
4. Mining Cut-off grades vary between 0.32 g/t and 0.90 g/t.
5. Rounding of numbers to appropriate precisions may have resulted in apparent inconsistencies.
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PERSEUS’S MINERAL RESOURCE ESTIMATES
The Perseus Group’s total M&I Mineral Resources reported as at 30 June 2025 are estimated to be 185.9 Mt grading 1.30 g/t
gold, containing 7.8 Moz of gold, compared with the estimate of 30 June 2024 of 115.9 Mt grading at 1.31 g/t Au for 4.9 Moz
of gold. The Mineral Resource Statement accounts for mining depletion of in-situ Mineral Resources and is reported inclusive
of Ore Reserves. Inferred Resources are 39.9 Mt grading at 1.5 g/t Au for 1.9 Moz of gold, compared with the estimate of 30
June 2024 of 24.1 Mt grading at 1. 6 g/t Au for 1.3 Moz of gold. Tonnes are reported as dry metric tonnes. All tabulated
tonnes, grade and metal ha ve been rounded to reflect appropriate precision in the estimate and may cause some
discrepancies in totals.
The Foreign/Historical Estimate for the MSGP Mineral Resource in Northern Sudan, announced on 28 February 2022 (see
news release titled “Perseus enters into agreement to acquire Orca Gold Inc.”) is stated in the ‘Foreign/Historical Estimate’
subsection of this report and is reported separately from the Group’s Mineral Resources detailed below.
The Group Mineral Resource estimates are reported in accordance with the 2012 Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves (the JORC Code 2012). The classification categories of Measured,
Indicated and Inferred under the JORC Code (2012) are equivalent to the CIM categories of the same names (CIM, 2014).
For the purpose of satisfying “reasonable prospects for eventual extraction” (JORC Code 2012), open pit Mineral Resources
are reported above optimised open pit shells developed with actual and estimated operating costs and a long -term gold
price assumption of US$2,100 per ounce, with the exception of Nyanzaga reported at US$2,000 per ounce. Underground
Mineral Resources at CMA are constrained to below the CMA Stage 3 pit design and reported at a 1.5 g/t Au cut -off.
Underground Mineral Resources at Edikan are constrained to a depth of 600 mRL at Esuajah South and are all exclusive of
open pit Mineral Resources.
Technical Reports associated with these Mineral Resources , have been prepared in accordance with N I 43-101 for the
following operations:
• Nyanzaga Gold Project, Tanzania, NI 43-101 Technical Report, dated 10 June 2025
• Yaouré Operations, Côte d’Ivoire, NI 43-101 Technical Report, dated 18 December 2023
• Sissingué Operations, Côte d’Ivoire, NI 43-101 Technical Report, dated 29 May 2015
• Edikan Operations, Ghana, NI 43-101 Technical Report, dated 6 April 2022
These reports can be found on Pers eus’s website at www.perseusmining.com and on the Canadian System for Electronic
Document Analysis and Retrieval (SEDAR) website www.sedarplus.ca.
YAOURÉ GOLD MINE, CÔTE D’IVOIRE
The combined M&I Mineral Resource for the Yaouré Gold Mine is estimated at 54.1 Mt grading 1. 49 g/t Au, containing
2.6 Moz of gold (Table 5). A further 16.9 Mt of material grading 1. 8 g/t gold, containing 982 koz of gold are classified as
Inferred Mineral Resources (Table 6).
Updated Mineral Resource estimates were prepared for the Yaouré open pit, and the Zain 1 project. A maiden Mineral
Resource estimate was also prepared for the Zain 2 project. An overview showing the relative locations of the various Mineral
Resource areas is presented in Figure 2. All Yaouré Gold Mine Mineral Resources are depleted to 30 June 2025 surveyed
mining surfaces.
The Angovia project was removed from reporting of Mineral Resources in this reporting period. The technical risks associated
with mining and backfill of the planned Angovia open pit, and the subsequent placement of the proposed tailings storage
facility (TSF) embankment across the backfill area, was considered too great to progress. Notwithstanding the technical risk,
had the Angovia pit been developed, timing would have dictated it be mined out of sequence, displacing higher grade mill
feed from other areas of the operations.
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Table 5: Yaouré Measured and Indicated Mineral Resources8,9,10
DEPOSIT DEPOSIT TYPE
MEASURED RESOURCES INDICATED RESOURCES MEASURED & INDICATED RESOURCES
QUANTITY GRADE GOLD QUANTITY GRADE GOLD QUANTITY GRADE GOLD
Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz
CMA1,3,4 Open Pit - - - 9.9 0.40 129 9.9 0.40 129
Yaouré2,3,4 Open Pit - - - 20.0 1.44 928 20.0 1.44 928
Zain 12,4 Open Pit - - - 2.3 1.66 122 2.3 1.66 122
Zain 22,4 Open Pit - - - 1.4 1.41 62 1.4 1.41 62
CMA SW4,5 Open Pit 0.1 1.27 5 1.1 1.58 55 1.2 1.54 61
Sub-Total 0.1 1.27 5 34.7 1.16 1,297 34.8 1.16 1,302
CMA7 Underground - - - 7.4 4.16 996 7.4 4.16 996
Heap Leach3,6 Stockpile - - - 0.4 0.61 8 0.4 0.61 8
Stockpiles Stockpile 11.4 0.79 288 - - - 11.4 0.79 288
TOTAL 11.5 0.79 293 42.6 1.68 2,301 54.1 1.49 2,594
Table 6: Yaouré Inferred Mineral Resource8,9,10
DEPOSIT DEPOSIT TYPE
INFERRED RESOURCES
QUANTITY GRADE GOLD
Mt g/t gold ‘000 oz
CMA 1,3,4 Open Pit 6.3 0.9 185
Yaouré2,3,4 Open Pit 3.8 1.6 190
Zain 12,4 Open Pit 1.8 1.4 82
Zain 22,4 Open Pit 0.1 0.8 4
CMA SW4,5 Open Pit 0.2 1.0 6
CMA7 Underground 4.7 3.4 514
Total 16.9 1.8 982
Notes for Table 5 and Table 6:
1. Based on June 2022 Mineral Resource estimate.
2. Based on July 2025 Mineral Resource estimate.
3. Depleted for previous mining and to 30 June 2025 mining surface.
4. 0.3 g/t gold cut-off applied to in situ open pit material constrained to US$2,100/oz pit shells.
5. Based on May 2024 Mineral Resource estimate.
6. Heap leach resources are stated at 0 g/t gold cut-off; only heap leach components with average grade above 0.4 g/t included.
7. May 2024 Mineral Resource estimate, below CMA Stage 3 pit design and above 1.5 g/t block grade cut-off.
8. Mineral Resources current as of 30 June 2025.
9. Rounding of numbers to appropriate precision may result in summary inconsistencies.
10. Mineral Resources are reported inclusive of Ore Reserves.
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Figure 2: Yaouré Gold Mine Project Areas
SISSINGUÉ GOLD MINE, CÔTE D’IVOIRE
The combined M&I Mineral Resource for the Sissingué Gold Mine is estimated as 6.8 Mt grading 1.71 g/t gold, containing
373 koz of gold as at 30 June 2025 (Table 7). A further 0.2 Mt of material grading 1.2 g/t gold, containing 7 koz of gold are
classified as Inferred Mineral Resources (Table 8). The previous Mineral Resource as at 30 June 2024 was estimated at M&I
of 8.7 Mt grading at 1.57 g/t gold, containing 441 koz of gold and an additional 0.2 Mt grading 1.4 g/t for 11 koz of gold of
Inferred Mineral Resources.
Sissingué Mineral Resources comprise the remaining in situ mineralisation at the Sissingué mine, the Fimbiasso West deposit,
and mineralisation at the Antoinette, Juliette, and Veronique deposits at the Bagoé Project. These Mineral Resources also
include material on stockpiles at the Sissingué and Fimbiasso mines as at 30 June 2025. The Fimbiasso East Mineral Resource
has been fully depleted and removed from reporting this period.
Updated geological models were developed for the Antoinette and Veronique deposits in March 2025. All remaining
geological models are unchanged from the previous year’s Mineral Resource Statement.
The Sissingué, Airport West and Fimbiasso West Mineral Resources have been depleted to 30 June 2025 using the surveyed
mining surface. Mining has not commenced at the Bagoé Project.
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Table 7: Sissingué Measured and Indicated Mineral Resources1,2,3
DEPOSIT DEPOSIT TYPE
MEASURED RESOURCES INDICATED RESOURCES MEASURED & INDICATED RESOURCES
QUANTITY GRADE GOLD QUANTITY GRADE GOLD QUANTITY GRADE GOLD
Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz
Sissingué4,5,6,7 Open Pit 0.9 1.13 34 3.8 1.41 174 4.8 1.36 208
Fimbiasso6,7,8 Open Pit 0.1 1.85 4 0.4 2.27 30 0.5 2.22 33
Bagoé7,9,10 Open Pit 0.2 1.62 9 1.1 3.27 114 1.3 3.04 123
Stockpiles Stockpile 0.3 0.93 9 - - - 0.3 0.93 9
Total 1.5 1.18 56 5.3 1.85 317 6.8 1.71 373
Table 8: Sissingué Inferred Mineral Resources1,3
DEPOSIT DEPOSIT TYPE
INFERRED RESOURCES
QUANTITY GRADE GOLD
Mt g/t gold ‘000 oz
Sissingué4,5,6,7 Open Pit 0.2 1.1 5
Fimbiasso6,7,8 Open Pit 0.0 1.2 0
Bagoé7,9,10 Open Pit 0.0 1.5 2
Total 0.2 1.2 7
Notes for Table 7 and Table 8:
1 Mineral Resources current at 30 June 2025.
2 Measured and Indicated Mineral Resources are inclusive of Ore Reserves.
3 Rounding of numbers to appropriate precision may have resulted in apparent inconsistencies.
4 Sissingué Main based on June 2025 Mineral Resource model constrained to US$2,100/oz pit shell or within the Ore Reserve pit design.
5 Airport West based on June 2024 Mineral Resource model constrained to US$2,100/oz pit shell.
6 Depleted to 30 June 2024 mining surface.
7 0.4 g/t gold cut-off applied to in situ material.
8 Fimbiasso West based on June 2024 Mineral Resource model constrained to US$2,100/oz pit shell.
9 Based on March 2025 Mineral Resource models for Antoinette and Veronique constrained to US$2,100/oz pit shells.
10 Based on May 2021 Mineral Resource model for Juliette constrained to US$2,100/oz pit shells.
EDIKAN GOLD MINE, GHANA
The updated M&I Mineral Resource for the Edikan Gold Mine in Ghana is now estimated as 50.8 Mt grading 1.01 g/t gold,
containing 1.6 Moz of gold, as at 30 June 2025 (Table 9). A further 7.8 Mt of material grading 1. 5 g/t Au and containing
367 koz of gold are classified as an Inferred Mineral Resource (Table 10). The previous Mineral Resource as at 30 June 2024
was estimated at M&I of 51.5 Mt grading at 1.04 g/t gold, containing 1.7 Moz of gold and an additional 6.4 Mt grading 1.5 g/t
for 317 koz of gold of Inferred Mineral Resources.
Mineral Resources at Nkosuo, AF Gap and Fetish have been depleted to the 30 June 2025 mining survey surfaces. The Mineral
Resource estimate for the Esuajah North and South deposits remains unchanged.
Table 9: Edikan Measured and Indicated Mineral Resources1,2,3
DEPOSIT DEPOSIT TYPE
MEASURED RESOURCES INDICATED RESOURCES MEASURED & INDICATED RESOURCES
QUANTITY GRADE GOLD QUANTITY GRADE GOLD QUANTITY GRADE GOLD
Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz
AF Gap4,5,6 Open Pit 2.8 0.81 71 10.6 0.81 275 13.4 0.81 346
Esuajah North5,7,10 Open Pit 3.3 0.63 67 5.4 0.64 110 8.6 0.64 177
Fetish5,6,8 Open Pit 1.9 0.91 56 2.8 0.87 79 4.7 0.89 135
Nkosuo9,10 Open Pit - - - 13.0 0.90 379 13.0 0.90 379
Sub-total 7.9 0.76 194 31.8 0.82 843 39.7 0.81 1,037
Esuajah South Underground 3.1 1.70 168 5.9 2.09 393 8.9 1.95 561
Stockpiles Stockpile 2.1 0.67 46 - - - 2.1 0.67 46
Total 13.1 0.96 407 37.7 1.02 1,236 50.8 1.01 1,644
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Table 10: Edikan Inferred Mineral Resources1,3
DEPOSIT DEPOSIT TYPE
INFERRED RESOURCES
QUANTITY GRADE GOLD
Mt g/t gold ‘000 oz
AF Gap4,5,6 Open Pit 0.6 0.7 14
Esuajah North5,7,10 Open Pit 1.1 1.3 48
Fetish5,6,8 Open Pit 0.1 0.6 2
Nkosuo9,10 Open Pit 1.2 0.8 31
Esuajah South11 Underground 4.8 1.8 272
Total 7.8 1.5 367
Notes for Table 9 and Table 10:
1 All Mineral Resources are current as at 30 June 2025.
2 Measured and Indicated Mineral Resources are inclusive of Ore Reserves.
3 Rounding of numbers to appropriate precision may have resulted in apparent inconsistencies.
4 Based on March 2020 Mineral Resource model constrained to US$2,100/oz pit shell.
5 Depleted to 30 June 2025 mining surfaces.
6 0.35 g/t gold cut-off applied for AF Gap with 0.4 g/t gold cut-off applied for Fetish.
7 Based on June 2019 Mineral Resource model constrained to US$2,100/oz pit shell.
8 Based on May 2021 Mineral Resource model constrained to US$2,100 pit shell, includes Bokitsi North lode.
9 Based on June 2022 Mineral Resource model constrained to US$2,100/oz pit shell.
10 0.3 g/t gold cut-off applied.
11 Based on November 2020 Mineral Resource model, 1.0 g/t gold cut-off applied.
NYANZAGA GOLD PROJECT, TANZANIA
The maiden M&I Mineral Resource for the Nyanzaga Gold Project in Tanzania is now estimated as 74.2 Mt grading 1.33 g/t
gold, containing 3.2 Moz of gold, as at 30 June 2025 ( Table 11). A further 15.0 Mt of material grading 1. 2 g/t Au and
containing 584 koz of gold are classified as an Inferred Mineral Resource (Table 12). No mining has occurred at the NGP to
30 June 2025.
Table 11: Nyanzaga Measured and Indicated Mineral Resources1,2,3,4,5,6
DEPOSIT DEPOSIT TYPE
MEASURED RESOURCES INDICATED RESOURCES MEASURED & INDICATED RESOURCES
QUANTITY GRADE GOLD QUANTITY GRADE GOLD QUANTITY GRADE GOLD
Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz Mt g/t gold ‘000 oz
Tusker Open Pit - - - 71.1 1.34 3,061 71.1 1.34 3,061
Kilimani Open Pit - - - 3.1 1.00 101 3.1 1.00 101
Total - - - 74.2 1.33 3,162 74.2 1.33 3,162
Table 12: Nyanzaga Inferred Mineral Resources1,2,3,4,5,6
DEPOSIT DEPOSIT TYPE
INFERRED RESOURCES
QUANTITY GRADE GOLD
Mt g/t gold ‘000 oz
Tusker Open Pit 14.6 1.2 571
Kilimani Open Pit 0.4 1.2 13
Total 15.0 1.2 584
Notes for Table 11 and Table 12:
1 All Mineral Resources are current as at 30 June 2025.
2 Measured and Indicated Mineral Resources are inclusive of Ore Reserves.
3 Rounding of numbers to appropriate precision may have resulted in apparent inconsistencies.
4 Based on October 2024 Mineral Resource model constrained to US$2,000/oz pit shell.
5 0.3 g/t gold cut-off applied to in-situ open pit material.
6 Mineral Resources are reported on a 100% basis.
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CRITERIA FOR ORE RESERVE CLASSIFICATION
All Ore Reserves are reported in accordance with the JORC Code (2012) and are reported by category, deposit and type,
above variable cut -off grades. The classification categories of Proved and Probable under the JORC Code (2012) are
equivalent to the CIM categories Proven and Probable respectively (CIM, 2010).
The Ore Reserve is classified as Proved and Probable corresponding to the Mineral Resource classifications of M&I and
considering other factors where relevant. The deposits’ geological models are well constrained. The Ore Reserve
classification is considered appropriate given the nature of the deposits, the moderate grade variability, drilling density,
structural complexity, confidence in input parameters based on operational experience and mining history. It was therefore
considered appropriate to use Meas ured Mineral Resources as a basis for Proved Ore Reserves and Indicated Mineral
Resources as a basis for Probable Ore Reserves.
No Inferred Mineral Resources were included in Ore Reserve estimate with the exception of 2.8 koz of incidental Inferred
which is included in the CMA underground development and is not considered material to the Ore Reserve.
Group Ore Reserve changes by activity type are shown in Figure 3.
Figure 3: Change in Group Ore Reserves by Activity – June 2024 to June 2025
YAOURÉ GOLD MINE, CÔTE D’IVOIRE
The Ore Reserve estimate for Yaouré Gold Mine includes drilling and design changes at the Yaouré open pit and Zain 1
deposit. Additions to the Yaouré Ore Reserves are the Zain 2 Open Pit, which is east of Zain 1 (Error! Reference source not
found.), and which was discovered as part of ongoing resource extension programs across the Yaouré project.
The Proved and Probable Ore Reserves for Yaouré Gold Mine are estimated as 31.3 Mt, grading 1.44 g/t gold and containing
1.4 Moz of gold. Details of the estimate are shown in Table 13.