Perseus Mining Limited (ASX:PRU) major shareholder Australian Super Pty Ltd has increased its holding in the gold producer by more than 10.5 million ordinary shares through on-market trades.
The transaction increases Australian Super’s interest in Perseus to 6.08% and is worth $4.22 million at today’s share price of 40 cents.
Perseus is continuing to advance its strategy of becoming a producer with multiple operating gold mines in multiple jurisdictions.
The company has two operating mines in West Africa - Edikan and Sissingué - with a third, Yaouré, on the near-term horizon.
Drilling at Edikan in November uncovered a substantial mineralised granite body, with assays of 26 metres at 1.11 g/t gold and 13.7 metres at 2.32 g/t from one diamond drill hole.
Based on results returned to date, the discovery exhibits similarities to both the 475,000-ounce Esuajah North and 391,000-ounce Esuajah South deposits.