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Perseus Mining Limited (ASX:PRU)
ALERT: Price-sensitive ASX Announcement for PRU
Current share price for PRU : $4.940 -0.34 (-6.44%)+
Release
16 Mar 2026 8:14AM
Price at Release
$5.280
Full Release
Summary
Perseus Mining Limited has announced the sale of its 70% interest in the Meyas Sand Gold Project (MSGP) in Sudan to Hong Kong Matrix Golden Fortune Mining Limited, a subsidiary of Matrix Resources (Zhejiang) Co., Ltd., for a total cash consideration of US$260 million. The transaction includes an initial US$10 million deposit, with the balance payable upon completion on April 22, 2026. This strategic divestment follows a comprehensive review, which concluded that reallocation of resources to Perseus's core assets was more beneficial given the operational challenges in Sudan. The deal will enhance Perseus's financial position and potentially allow for additional shareholder capital returns. The transaction is guaranteed by Zhejiang Lygend Investment Co Ltd, confirming the buyer's commitments.
Key Points
- Perseus to sell 70% interest in MSGP for US$260 million.
- Transaction involves US$10 million deposit and US$250 million on completion.
- Sale to Hong Kong Matrix Golden Fortune Mining Limited.
- Completion targeted for 22 April 2026.
- Divestment aligns with Perseus's strategic resource allocation.
- Zhejiang Lygend Investment Co Ltd guarantees the buyer's obligations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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