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Despite high risks Perseus continues its pursuit of Sudanese gold

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Despite high risks Perseus continues its pursuit of Sudanese gold
The MSGP is situated in the far north of Sudan, approximately 75km south of the border with Egypt. Image credit: Perseus Mining

Despite high risks Perseus continues its pursuit of Sudanese gold

Perseus Mining continues exploration activities in Sudan.    

Although ASX listed Perseus Mining suspended exploration activities when the Sudanese conflict exploded in April last year, the company has returned to Sudan to continue work on the Meyas Sands Gold Project (MSGP).

According to a recent statement from the company, Perseus’s personnel have re-established facilities to support on-site exploration activities and in-house security teams at the MSGP camp.

“With this restoration work well advanced, Perseus announced that drilling at the MSGP recommenced on 20 May 2024.

Since acquiring the MSGP in May 2022, Perseus has focussed on the development of the Galat Sufur South (GSS) deposit, and when possible, has conducted infill resource definition drilling, sterilisation trenching and drilling, a passive seismic survey, hydrogeological, metallurgical, and geotechnical work in preparation for the inclusion of data in a Front-End Engineering and Design (FEED) Study and a Final Investment Decision (FID) for the project.

The MSGP is situated in the far north of Sudan, approximately 75km south of the border with Egypt.

Despite high risks Perseus continues its pursuit of Sudanese gold
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Despite high risks Perseus continues its pursuit of Sudanese gold

Violent clashes in Sudan takes place largely in and around Khartoum, the capital of Sudan. Although hostilities and fighting between the Sudanese Armed Forces and the Rapid Support Force continue in certain parts of Sudan, the area in which MSGP is located has reportedly not been affected by the conflict.

However, to mitigate all possible risks, the MSGP site has been secured by a security force led by Perseus’s in-house security personnel, and include representatives of the Sudanese Mining Police, a body that operates under the control of the Ministry for Minerals, as well as representatives of the host communities.

According to the company the refurbishment and construction of the camp continues to make good progress, supply lines and logistics have largely been reestablished, and exploration activities within the mining lease area resumed on 20 May 2024.

Humanitarian crisis

According to the World Bank the unrest in Sudan has affected individuals, social structures, infrastructure, and economic conditions.

“The ongoing tensions have triggered a humanitarian crisis by displacing, injuring, or causing the death of thousands of people. Sudan is now the largest displacement crisis in the world.”

Reports from the United Nations indicate that, as of March 2024, over eight million individuals have been forced to abandon their homes, seeking safety either within Sudan or in neighbouring countries. Furthermore, acute hunger threatens nearly 18 million people, constituting a substantial 37% of Sudan’s population.

The United Nations has issued warnings that nearly five million people in Sudan are at risk of catastrophic hunger, and an immediate action plan to address the hunger crisis is urgently required to avert widespread death.

According to a recent report by the World Bank the protracted conflict has all but demolished the economic bedrock of Sudan, obliterating the strides the country had made in its development.

“The destruction has been so profound that it has thrown the country’s progress back by decades and severely impeded any prospects for future growth. The once-emerging economic potential of Sudan now lies in ruins, casting a long shadow over the nation’s ability to recover and rebuild in the aftermath of these devastating events,” states the bank.

Despite high risks Perseus continues its pursuit of Sudanese gold

Despite high risks Perseus continues its pursuit of Sudanese gold
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