Perseus Mining Acquires 9.9% Stake in Aurum Resources for A$23.69M, Targeting 3Moz Côte d'Ivoire Gold Project

Perseus Mining has acquired a 9.9% equity interest in Aurum Resources through participation in the junior's equity raising, gaining direct exposure to a 3.0 million ounce gold project Côte d'Ivoire.

• Perseus Mining has acquired a 9.9% interest in Aurum Resources via participation in the equity raising at a total cost of A$23.69 million.
• Aurum's principal asset, the Boundiali Gold Project in northern Côte d'Ivoire, carries a reported mineral resource of 100 million tonnes at 1.0 gramme per tonne gold for 3.0 million ounces of contained gold.
• The Boundiali project is located to the south of and along strike from Perseus's Sissingué gold mine, which has been in operation since January 2018.
• The northern tenements of the Boundiali project are directly adjacent to Perseus's active Bagoé mining area, establishing geographic contiguity between the two companies' operational footprints.
• The Boundiali project remains at a pre-development and pre-study stage; Perseus has framed the investment as a means of supporting Aurum's development process and accelerating value creation in the region.

About Perseus Mining

Perseus Mining Limited (ASX/TSX: PRU) is a gold producer with three operating mines across Côte d'Ivoire and Ghana. Its assets in Côte d'Ivoire include the Yaouré and Sissingué gold mines; its Edikan gold mine is located in Ghana. The company is also developing the Nyanzaga Gold Project in Tanzania.

A$23.69M Entry into a 3Moz Neighbouring Resource

Perseus Mining announced the acquisition of a 9.9% relevant interest in Aurum Resources Limited through participation in Aurum's equity raising. The total consideration paid was A$23.69 million. Aurum is listed on the Australian Securities Exchange and is described as an emerging mineral development company.

The investment is defined by geography. The Boundiali Gold Project, Aurum's core asset, occupies tenements in the north of Côte d'Ivoire. It sits to the south of and along strike from Perseus's Sissingué mine, with Boundiali's northern tenements sharing a boundary with Perseus's active Bagoé mining area.

Resource Scale & Project Status

Aurum reported a mineral resource for the Boundiali Gold Project of 100 million tonnes at 1.0 grams per tonne gold, for a total of 3.0 million ounces (Moz). A resource update released to the Australian Securities Exchange in February 2026 noted a 49% increase in Indicated Resources, which rose to 1.37 million ounces. The project is at the pre-development and pre-study stage.

Perseus Mining’s Managing Director and Chief Executive Officer, Craig Jones, addressed the investment rationale:

"The Aurum team have done an excellent job assembling a highly prospective tenement package and building a significant resource base at a relatively low cost. The location of their discoveries presents potential future synergies, and Perseus is pleased to be able to support Aurum in developing the project."

Operational Context at Sissingué and Bagoé

The Sissingué mine has been in operation since January 2018 and serves as a processing hub for ore from the Fimbiasso deposit and, more recently, the Bagoé satellite deposits. Bagoé's active mining area now sits directly adjacent to Boundiali's northern tenements, meaning the two companies' operational areas share a boundary at the northern extent of Aurum's project.

Jones commented on the cost and anticipated value of the transaction:

"For a total cost of A$23.69M, the Aurum Share Acquisition provides a compelling opportunity to fast-track value creation in the region."

Next Steps

The Boundiali Gold Project is at the pre-development and pre-study stage. Perseus has stated its intention to support Aurum in developing the project. No specific timeline or milestones were stated beyond the completion of the equity raising.

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