Ann: Perseus completes Yaoure FEED study, page-2

​

The Yaouré DFS reported that the project is:

• • Economically attractive - IRR of 27% with a 32-month payback period at a US$1,250 /ounce gold price;
• • Technically robust - 3.3MTPA plant with average annual gold production of 215,000 ounces at an AISC of US$734/oz for first 5 years of production;
• • Readily financeable - capital cost estimate of US$263 million and robust cash flows to service debt; and
• • Able to be extended beyond its initial 8.5-year mine life through near mine opportunities to expand Mineral Resources and Ore Reserves mineable using both open pit and underground mining techniques.