Resolute
Feature image credit: Wikimedia

Perseus Mining initiated the scoping study during the first half of 2018 to investigate the technical and economic viability of underground mining methods at Yaouré.

The study examined the possible extraction of the CMA Lode and to identify the requirements to convert the potential underground target to an Indicated Mineral Resource and Ore Reserve via a subsequent PFS.

The scoping study for a potential underground mining operation indicates that:

  1. Inferred Mineral Resources amenable to extraction using mechanised underground
    room and pillar mining methods
  2. Underground access from Yaouré’s CMA open pit combined with the selected
    mining method significantly reduces the capital development requirements
  3. There are no known impediments to future underground development; and
  4. Further Mineral Resource drilling and technical studies are required to enable Ore
    Reserve definition.

MD Jeff Quartermaine comments:

“The results of the Yaouré underground mining scoping study highlight one further avenue for Perseus to expand its already technically feasible and financially attractive, Yaouré gold project.

"When this potential is combined with the existing Mineral Resources and Ore Reserves that are scheduled to be mined using open cut mining methods, the Yaouré gold project, which on current estimates is expected to start producing gold from open pit operations in December 2020, should form a major portion of Perseus’s business in Côte d’Ivoire for many years to come.”