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Perseus in pursuit of gold in Sudan

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Sudan has attracted a range of explorers and investors over many years, but remains a challenging environment to do business in. Image credit: Wikimedia Commons

Perseus in pursuit of gold in Sudan

ASX listed Perseus Mining is pushing hard to advance their early-stage gold project in the far north of Sudan. Key contracts have been awarded and work is reportedly underway.

According to an announcement by Perseus, the planning of Front-End Engineering and Design (FEED) and confirmatory and sterilisation drilling at the Block 14 gold project has advanced rapidly.

The Block 14 project is in the far north of Sudan, about 75km south of the border with Egypt. During the last quarter, Perseus engaged in activities directed at advancing the project towards a possible Final Investment Decision (FID) within the next year.

Subsequent construction and commissioning activities will take an additional 24 months.

According to Perseus the project is fully permitted by the Sudanese government with a mining lease, royalty agreement and a water permit all formally granted.

“Attractive fiscal terms have been negotiated and incorporated into the terms of the mining lease,” the company states in a recent announcement.

Ore body to support robust mining

The original feasibility study of the Galut Sufur South (GSS) deposit, completed by the previous owners, in September 2020, demonstrated a large and simple orebody expected to support robust mining operation with a competitive cost profile and attractive economic return.

Engineering and Front-End Engineering Design (FEED) studies are being undertaken by Perseus and Lycopodium. An internationally recognised drilling contractor, Capital Drilling, has been awarded the contract for infill and sterilisation drilling program.

“The program, comprised of approximately 100,000m of drilling, is primarily aimed at infill drilling of the GSS deposit as well as sterilising adjacent land currently targeted to site key pieces of mine infrastructure including the tailings dam and waste dumps. Drill rig access and drill pad preparation in underway in anticipation of a late-October start to drilling activities,” Perseus states.

Perseus in pursuit of gold in Sudan

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Perseus in pursuit of gold in Sudan

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AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management