Perseus Invests in OreCorp with 15.03% Share Acquisition

Perseus Mining Limited (ASX: PRU) has acquired a 15.03% interest in OreCorp Limited (ASX: ORR) shares, marking a strategic equity investment. OreCorp is an emerging mineral development company listed on the ASX, primarily focused on the Nyanzaga Gold Project in northwest Tanzania, with a reported Probable Ore Reserve of 40.08 Mt @ 2.02 g/t gold. Perseus, not currently in active talks with OreCorp, aims to avoid a change of control transaction competing with the ongoing Silvercorp Metals Inc (SVM) scheme.

However, Perseus expresses interest in collaborating with OreCorp to expedite the development of the Nyanzaga Gold Project. Perseus plans to vote against the Silvercorp Scheme at the OreCorp scheme meeting on December 8, 2023. The acquisition is part of Perseus's strategic use of resources to enhance its asset portfolio and organic growth program.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com