{"id":10620,"date":"2024-07-03T12:08:57","date_gmt":"2024-07-03T04:08:57","guid":{"rendered":"https:\/\/perseusmining.com\/?page_id=10620"},"modified":"2026-02-20T15:46:18","modified_gmt":"2026-02-20T07:46:18","slug":"nyanzaga","status":"publish","type":"page","link":"https:\/\/perseusmining.com\/nyanzaga\/","title":{"rendered":"Nyanzaga Gold Project"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"10620\" class=\"elementor elementor-10620\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-96c0ead elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"96c0ead\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d3e1e96\" data-id=\"d3e1e96\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-348621a1 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"348621a1\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4821c8b8\" data-id=\"4821c8b8\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-1472fff6\" data-id=\"1472fff6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-8faca27 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8faca27\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_bottom&quot;:&quot;curve-asymmetrical&quot;,&quot;shape_divider_bottom_negative&quot;:&quot;yes&quot;}\">\n\t\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" aria-hidden=\"true\" data-negative=\"true\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n\t<path class=\"elementor-shape-fill\" d=\"M615.2,96.7C240.2,97.8,0,18.9,0,0v100h1000V0C1000,19.2,989.8,96,615.2,96.7z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2b1b6dc\" data-id=\"2b1b6dc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-10437ae7 elementor-widget elementor-widget-text-editor\" data-id=\"10437ae7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>80% owned by Perseus<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-bd2a790 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bd2a790\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;shape_divider_top&quot;:&quot;curve&quot;}\">\n\t\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n    <path class=\"elementor-shape-fill\" d=\"M1000,4.3V0H0v4.3C0.9,23.1,126.7,99.2,500,100S1000,22.7,1000,4.3z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9975012\" data-id=\"9975012\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6f1e2f1 elementor-widget elementor-widget-heading\" data-id=\"6f1e2f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Project Overview<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-496d4f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"496d4f3\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-d4686e7\" data-id=\"d4686e7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-da175a1 elementor-widget elementor-widget-text-editor\" data-id=\"da175a1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Nyanzaga Gold Project consists of two discrete but adjacent deposits: Nyanzaga and Kilimani.<\/p><p>In February 2026, Perseus completed a revised Ore Reserve estimate, which now sits at 90.9Mt at 1.38g\/t Au for 4.0Moz gold. The combined M&amp;I Mineral Resource for NGP is estimated at 110.4 Mt grading 1.33 g\/t Au, containing 4.7 Moz of gold. A further 6.5 Mt of material grading 1.6 g\/t Au, containing 343 koz of gold are classified as Inferred Mineral Resources (see table below).<\/p><p>The latest phase of resource definition drilling has extended the Project&#8217;s mine life to 16 years, including 14 years of production at greater than 200,000 ounces per annum of gold.<\/p><p>This increase is underpinned by approximately 82,700 m of reverse circulation and diamond drilling across the Tusker and Kilimani deposit areas completed since Perseus acquired the Project in May 2024.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-dc56a0e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"dc56a0e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-605b203\" data-id=\"605b203\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7e9e481 elementor-widget elementor-widget-heading\" data-id=\"7e9e481\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">PROJECT LOCATION MAP<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccc777e elementor-invisible elementor-widget elementor-widget-image\" data-id=\"ccc777e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;bounceIn&quot;,&quot;_animation_delay&quot;:1000}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/perseusmining.com\/wp-content\/uploads\/2024\/07\/Nyanzaga-Project.jpeg\" title=\"Nyanzaga Project\" alt=\"Nyanzaga Project\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-d400fd4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d400fd4\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-924195f\" data-id=\"924195f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-inner-section elementor-element elementor-element-b9877b0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b9877b0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-e3dd29d\" data-id=\"e3dd29d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0bab27e elementor-widget elementor-widget-heading\" data-id=\"0bab27e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">OVERVIEW OF WORK PROGRAMS<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-09d3f4c e-grid e-con-boxed e-con e-parent\" data-id=\"09d3f4c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-db7aed6 e-con-full e-flex e-con e-child\" data-id=\"db7aed6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6da7944 elementor-widget elementor-widget-text-editor\" data-id=\"6da7944\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A FID to proceed with developing the NGP builds upon Perseus\u2019s demonstrated capacity to successfully develop and efficiently operate modern gold mines on the African continent.<\/p><p>Construction of the RAP housing is well progressed, with Priority 1 Project Affected Persons from the permanent camp and process plant areas already relocated to their new homes.<\/p><p>Early Works Construction activities commenced in 2024 and include site establishment, installation of temporary construction accommodation, and bulk earthworks for the SML perimeter fence line, permanent camp and process plant areas. Additionally, procurement of key equipment and materials has progressed to bolster Perseus\u2019s self-perform capabilities.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b61636d elementor-widget elementor-widget-image\" data-id=\"b61636d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/perseusmining.com\/wp-content\/uploads\/2025\/05\/Nyanzaga-proposed-site-layout.jpg\" target=\"_blank\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"733\" height=\"574\" src=\"https:\/\/perseusmining.com\/wp-content\/uploads\/2025\/05\/Nyanzaga-proposed-site-layout.jpg\" class=\"attachment-large size-large wp-image-12730\" alt=\"\" srcset=\"https:\/\/perseusmining.com\/wp-content\/uploads\/2025\/05\/Nyanzaga-proposed-site-layout.jpg 733w, https:\/\/perseusmining.com\/wp-content\/uploads\/2025\/05\/Nyanzaga-proposed-site-layout-300x235.jpg 300w\" sizes=\"(max-width: 733px) 100vw, 733px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd4bca9 elementor-widget elementor-widget-text-editor\" data-id=\"fd4bca9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><em><strong><span style=\"color: #8a1e04;\">Table 1: Nyanzaga Gold Project Mineral Resources<sup>1,2,3,4,5,6<\/sup><\/span><\/strong><\/em><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4384f2d elementor-widget elementor-widget-text-editor\" data-id=\"4384f2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table border=\"1\" cellspacing=\"0\" cellpadding=\"6\"><tbody><tr><th style=\"background-color: #e7a512; color: #ffffff;\" rowspan=\"2\">Project<\/th><th style=\"background-color: #e7a512; color: #ffffff;\" colspan=\"3\">Measured Resources<\/th><th style=\"background-color: #e7a512; color: #ffffff;\" colspan=\"3\">Indicated Resources<\/th><th style=\"background-color: #e7a512; color: #ffffff;\" colspan=\"3\">Measured &amp; Indicated Resources<\/th><th style=\"background-color: #e7a512; color: #ffffff;\" colspan=\"3\">Inferred Resources<\/th><\/tr><tr><th style=\"background-color: #e7a512; color: #ffffff;\">Quantity Mt<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Grade g\/t gold<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Gold \u2018000 oz<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Quantity Mt<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Grade g\/t gold<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Gold \u2018000 oz<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Quantity Mt<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Grade g\/t gold<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Gold \u2018000 oz<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Quantity Mt<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Grade g\/t gold<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Gold \u2018000 oz<\/th><\/tr><tr><td>Nyanzaga<\/td><td>\u2013<\/td><td>\u2013<\/td><td>\u2013<\/td><td>100.7<\/td><td>1.37<\/td><td>4,436<\/td><td>100.7<\/td><td>1.37<\/td><td>4,436<\/td><td>5.5<\/td><td>1.8<\/td><td>312<\/td><\/tr><tr><td>Kilimani<\/td><td>\u2013<\/td><td>\u2013<\/td><td>\u2013<\/td><td>9.7<\/td><td>0.90<\/td><td>279<\/td><td>9.7<\/td><td>0.90<\/td><td>279<\/td><td>1.0<\/td><td>1.0<\/td><td>31<\/td><\/tr><tr><td style=\"background-color: #1e3742; color: #ffffff; font-weight: bold;\">Total<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">\u2013<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">\u2013<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">\u2013<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">110.4<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">1.33<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">4,715<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">110.4<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">1.33<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">4,715<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">6.5<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">1.6<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">343<\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba894a2 elementor-widget elementor-widget-accordion\" data-id=\"ba894a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1951\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1951\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Notes for Table 1<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1951\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1951\"><ol><li>Based on November 2025 Mineral Resource estimate<\/li><li>0.25 g\/t gold cut-off applied to in-situ open pit material<\/li><li>In-situ open pit resources are constrained to US$2,700\/oz pit shells<\/li><li>Rounding of numbers to appropriate precision may result in summary inconsistencies<\/li><li>Mineral Resources are inclusive of Ore Reserves\u00a0with the exception of approx. 500 oz reported as Ore Reserves but excluded from Mineral Resources<\/li><li>Mineral Resources are reported on a 100% basis<\/li><\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5569bb5 elementor-widget elementor-widget-text-editor\" data-id=\"5569bb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h6><em><strong><span style=\"color: #8a1e04;\">Table 2: Nyanzaga Gold Project Proved and Probable Ore Reserves<sup>1,2,3,4,5,6<\/sup><\/span><\/strong><\/em><\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9ab93f elementor-widget elementor-widget-text-editor\" data-id=\"b9ab93f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table border=\"1\" cellspacing=\"0\" cellpadding=\"6\"><tbody><tr><th style=\"background-color: #e7a512; color: #ffffff;\" rowspan=\"2\">Project<\/th><th style=\"background-color: #e7a512; color: #ffffff;\" colspan=\"3\">Proved<\/th><th style=\"background-color: #e7a512; color: #ffffff;\" colspan=\"3\">Probable<\/th><th style=\"background-color: #e7a512; color: #ffffff;\" colspan=\"3\">Proved and Probable<\/th><\/tr><tr><th style=\"background-color: #e7a512; color: #ffffff;\">Quantity Mt<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Grade g\/t gold<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Gold \u2018000 oz<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Quantity Mt<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Grade g\/t gold<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Gold \u2018000 oz<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Quantity Mt<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Grade g\/t gold<\/th><th style=\"background-color: #e7a512; color: #ffffff;\">Gold \u2018000 oz<\/th><\/tr><tr><td>Nyanzaga<\/td><td>\u2013<\/td><td>\u2013<\/td><td>\u2013<\/td><td>86.1<\/td><td>1.41<\/td><td>3,900<\/td><td>86.1<\/td><td>1.41<\/td><td>3,900<\/td><\/tr><tr><td>Kilimani<\/td><td>\u2013<\/td><td>\u2013<\/td><td>\u2013<\/td><td>4.8<\/td><td>0.94<\/td><td>146<\/td><td>4.8<\/td><td>0.94<\/td><td>146<\/td><\/tr><tr><td style=\"background-color: #1e3742; color: #ffffff; font-weight: bold;\">Total<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">\u2013<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">\u2013<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">\u2013<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">90.9<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">1.38<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">4,046<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">90.9<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">1.38<\/td><td style=\"background-color: #1e3742; color: #ffffff;\">4,046<\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-64a1468 elementor-widget elementor-widget-accordion\" data-id=\"64a1468\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1051\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1051\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Notes for Table 2<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1051\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1051\"><ol><li>Based on November 2025 Mineral Resource estimate<\/li><li>Based on February 2026 Ore Reserve estimate<\/li><li>Pit designs are based on US$2,300\/oz gold metal price<\/li><li>Variable gold grade cut-offs for each material type, ranging from 0.3 g\/t to 0.4 g\/t<\/li><li>Inferred Mineral Resource is considered as waste for optimisation purposes<\/li><li>Rounding of numbers to appropriate precision may have resulted in apparent inconsistencies<\/li><\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d067bb elementor-widget elementor-widget-heading\" data-id=\"1d067bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Geology<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6d37f1e elementor-widget elementor-widget-text-editor\" data-id=\"6d37f1e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The NGP is situated on the north-eastern flank of the Sukumaland Greenstone Belt. Rock sequences comprise Nyanzian-aged sequences of mafic volcanics in the far south-west and banded-iron-formation, tuffs, mudstone, sandstone and epiclastics of general volcanogenic origin and massive sulfide lenses and volcanics of rhyodacitic to andesitic composition. The sequences are tightly folded and strike generally west-northwest.<\/p><p>The Nyanzaga and Kilimani deposits are 450m apart and located on the north-eastern flank of the Sukumaland Archaean Greenstone Belt. They are hosted within Nyanzian greenstone volcanic rocks and sediments typical of greenstone belts of the East African craton. Both are orogenic gold deposit types.<\/p><p>The Nyanzaga deposit occurs within a sequence of folded Nyanzian sedimentary and volcanic rocks. The current interpretation of the Nyanzaga deposit has recognised a sequence of mudstone, sandstone and chert that are interpreted to form a northerly plunging antiform. The mineralisation is hosted by a cyclical sequence of chemical and clastic sediments (chert\/sandstone\/siltstone) bound by footwall and hanging wall volcanoclastic units<\/p><p>At Kilimani, most of the recognised mineralisation occurs in the oxidised profile. Where intersected in fresh material, the mineralisation is associated with strongly carbonate stock work and disseminated replacement. Mineralisation at Kilimani is reported as stratigraphically controlled in thin chert, mudstone and sandstones.\u00a0<\/p><p>Distribution of gold mineralisation at Kilimani is related to dilation associated with competency contrast near the sedimentary cycle boundaries resulting in stratabound mineralisation; and sub-vertical faulting, fracturing and brecciation related to the folding and subsequent shearing along the NE limb of the fold.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71cd246 elementor-widget elementor-widget-heading\" data-id=\"71cd246\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Sustainable Development <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-197d26f elementor-widget elementor-widget-text-editor\" data-id=\"197d26f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Project area is located within Igalula Ward where the primary source of livelihood for most households is subsistence farming with approximately 12% depending on other sources, including artisanal mining, fishing, salaried employment, general labour, livestock keeping and small trading. A resettlement policy framework was developed as part of the resettlement planning for the Project and housing construction is scheduled for completion in October 2025. We have commenced a comprehensive community engagement strategy.<\/p><p>An Environmental and Social Impact Assessment (ESIA) and Environmental Management Plan (EMP) have been completed.<\/p><p>The Health, Safety and Environmental (HSE) framework for the NGP will align with our HSE Management System, supported by contractors during the construction phase, and will include the application of group-wide risk tools and fatality risk controls.<\/p><p>We have developed a Project Security Development Plan, aligned with our standards, Tanzanian legislation and the Voluntary Principles on Security and Human Rights.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-398b528 elementor-widget elementor-widget-heading\" data-id=\"398b528\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Water SUPPLY<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4da25fa elementor-widget elementor-widget-text-editor\" data-id=\"4da25fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Project water make-up supplies will be extracted from Lake Victoria, with the water balance indicating an average flow rate of 50-350 m3 \/h is required once the TSF decant return water supply becomes available (dependent on the season). Raw water supply will be supplemented by groundwater extracted from dedicated boreholes. Process water will be predominantly supplied by water recovered from the TSF decant.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-cb3c7f2 elementor-section-height-min-height elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"cb3c7f2\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-af9d4bf\" data-id=\"af9d4bf\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-9751385 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9751385\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-03d0862\" data-id=\"03d0862\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-5d4f2a1 elementor-section-full_width elementor-section-height-min-height elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-section-height-default elementor-section-items-middle\" data-id=\"5d4f2a1\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b1d3255\" data-id=\"b1d3255\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bbcbbd2 elementor-widget elementor-widget-heading\" data-id=\"bbcbbd2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Perseus Mining Yaour\u00e9 Site Visit<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66e99f0 elementor-widget__width-initial elementor-widget elementor-widget-video\" data-id=\"66e99f0\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=0zpAp19cN1k&quot;,&quot;show_image_overlay&quot;:&quot;yes&quot;,&quot;image_overlay&quot;:{&quot;url&quot;:&quot;https:\\\/\\\/perseusmining.com\\\/wp-content\\\/uploads\\\/2021\\\/08\\\/yaoure-video-bg.jpg&quot;,&quot;id&quot;:5291,&quot;size&quot;:&quot;&quot;,&quot;alt&quot;:&quot;&quot;,&quot;source&quot;:&quot;library&quot;},&quot;lightbox&quot;:&quot;yes&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-lightbox\">\n\t\t\t\t\t\t\t<div class=\"elementor-custom-embed-image-overlay\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox=\"{&quot;type&quot;:&quot;video&quot;,&quot;videoType&quot;:&quot;youtube&quot;,&quot;url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/embed\\\/0zpAp19cN1k?feature=oembed&amp;start&amp;end&amp;wmode=opaque&amp;loop=0&amp;controls=1&amp;mute=0&amp;rel=0&amp;cc_load_policy=0&quot;,&quot;autoplay&quot;:&quot;&quot;,&quot;modalOptions&quot;:{&quot;id&quot;:&quot;elementor-lightbox-66e99f0&quot;,&quot;entranceAnimation&quot;:&quot;&quot;,&quot;entranceAnimation_tablet&quot;:&quot;&quot;,&quot;entranceAnimation_mobile&quot;:&quot;&quot;,&quot;videoAspectRatio&quot;:&quot;169&quot;}}\" 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In February 2026, Perseus completed a revised Ore Reserve estimate, which now sits at 90.9Mt at 1.38g\/t Au for 4.0Moz gold. The combined M&amp;I Mineral Resource for NGP is estimated at 110.4 Mt grading 1.33 g\/t [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"unboxed","site-sidebar-style":"unboxed","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-10620","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nyanzaga Gold Project - Perseus Mining<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/perseusmining.com\/nyanzaga\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nyanzaga Gold Project - Perseus Mining\" \/>\n<meta property=\"og:description\" content=\"80% owned by Perseus Project Overview Nyanzaga Gold Project consists of two discrete but adjacent deposits: Nyanzaga and Kilimani. 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