viewPerseus Mining Ltd

Perseus Mining appoints experienced mining executive Dan Lougher as non-executive director

Lougher has worked with numerous Australian and international companies in a variety of roles throughout his extensive 35-year career, including 18 years working in Africa.

Perseus has over US$80 million in cash and bullion on hand

Perseus Mining Ltd (ASX:PRU) has strengthened its board of directors with the appointment of Daniel Lougher as a non-executive director.

Lougher has more than 35 years of experience involving a range of exploration, feasibility, development, operations and corporate roles with Australian and international mining companies.

His appointment brings the total number of Perseus directors to six, including four independent, non-executive directors.

Lougher will also serve as chair of the board’s technical committee.


Perseus chairman Sean Harvey said it was a real pleasure to welcome a person of Lougher’s calibre to the role of non-executive director.

Lougher is currently the managing director & CEO of Australian nickel miner Western Areas Ltd (ASX:WSA), in the role since February 2012, and spent eighteen years in Africa working with BHP Billiton, Impala Platinum, Anglo American and Genmin.

His professional qualifications include a Bachelor of Science (Honours) of Mining Geology, a Graduate Diploma in Engineering (Mining) and a Master of Science (Engineering).

He also holds a First Class Mine Manager’s Certificate of Competency (WA) and is a member of the Australasian Institute of Mining and Metallurgy.

READ: Perseus Mining receives board approval to begin full-scale development of Yaouré Gold Mine

Harvey continued: “Dan has a huge amount of relevant work experience gained over many years in the international mining business with first-class professional qualifications to match.

“His skills set and his knowledge perfectly complement those of the other members of our board.

“We look forward to receiving his guidance and benefitting from his wealth of technical knowledge and experience as we continue our journey to transform Perseus into a highly-credible, mid-tier gold producer, developer and explorer.”

READ: Perseus Mining quarterly production confirms on-track to meet guidance

Perseus’ board recently approved full-scale development of its Yaouré Gold Mine in Cote d’Ivoire, with first gold production at the company’s third mine targeted for December 2020.

The board’s decision to develop Yaouré follows the recent granting of an exploration permit by the government of Cote d’Ivoire and confirmation of Perseus’ development plan.

Taking immediate effect, the decision opens the way for Perseus to execute engineering and supply contracts with Lycopodium Limited (ASX:LYL).

Perseus has collaborated successfully with Lycopodium in the past, including on the ahead-of-time and on-budget development of Perseus’ Sissingué Gold Mine which was commissioned in early 2018.

Under the terms of Lycopodium’s contract, first gold is due to ne poured at Yaouré by January 23, 2021, although a “stretch target” involving an earlier gold pour in December 2020 is being pursued.

Quick facts: Perseus Mining Ltd

Price: 1.575 AUD

Market: ASX
Market Cap: $1.85 billion

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