Perseus increases investment in Predictive to 19.9%

/EIN News/ -- Perth, Sept. 06, 2024 (GLOBE NEWSWIRE) --         

Perseus Mining Limited (ASX/TSX:PRU) (Perseus or the Company) is pleased to announce that it has increased its relevant interest in the issued shares of Predictive Discovery Limited (ASX:PDI) (Predictive) to 19.9%.

As part of funding the acquisition of this increased stake in Predictive, Perseus has applied the proceeds raised from the unwinding of its previously announced cash settled equity swap position in Predictive¹.

Further details of Perseus’s interests in Predictive will be set out in a Form 604 Notice of Change of Substantial Interest to be released on the ASX platform.

Subject to there being no actual or proposed material change in the shareholding of Predictive (including a change of control proposal) or the actions of Predictive, Perseus has no current intention to acquire control or make a takeover offer for Predictive.

This market announcement was authorised for release by Jeff Quartermaine, Managing Director and CEO.

ASX/TSX CODE: PRU CAPITAL STRUCTURE: Ordinary shares: 1,376,196,513 Performance rights: 7,055,212 REGISTERED OFFICE: Level 2 437 Roberts Road Subiaco WA 6008 Telephone: +61 8 6144 1700 www.perseusmining.com

DIRECTORS: Mr Rick Menell Non-Executive Chairman Mr Jeff Quartermaine Managing Director & CEO Ms Amber Banfield Non-Executive Director Ms Elissa Cornelius Non-Executive Director Mr Dan Lougher Non-Executive Director Mr John McGloin Non-Executive Director

CONTACTS: Jeff Quartermaine Managing Director & CEO jeff.quartermaine@perseusmining.com Stephen Forman Investor Relations +61 484 036 681 stephen.forman@perseusmining.com Nathan Ryan Corporate Relations +61 420 582 887 nathan.ryan@nwrcommunications.com.au

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¹ See Perseus announcement titled “Perseus Makes Strategic Investment in Predictive” dated 14 August 2024.