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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.

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