SUBSIDIARY NAME
Edikan Gold Mine
COUNTRY
GHANA, WEST AFRICA
SECTOR/ INDUSTRY
MINING
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
June 10, 2022
ACQUISITION VALUATION
450 MILLION
TOTAL ASSET VALUATION
4.5 BILLION
MINING
Edikan Gold Mine acquired on June 10, 2022 Bradky Mining Group has identified the Edikan Gold Project (Edikan Mine – Perseus Mining Ltd) in Western Region of Ghana as a prime acquisition target, for which the Bradky Group have approached and entered into informal discussions with the Board of Perseus Mining Limited (PRU) (Perseus Mining Ltd – West African focused gold company). PRU has recently acquired shareholdings in other assets and has indicated at site level that they wish to exit this asset. We see the opportunity to acquire the Edikan Gold Project before PRU list it for sale as a real opportunity. This opportunity has been confirmed in communications with PRU’s Managing Director in recent exchange of emails.