Appointment of Managing Director and Chief Executive Officer

Perseus Mining Limited has announced the appointment of Mr. Craig Jones as Managing Director and Chief Executive Officer (CEO), effective October 1, 2025. This transition comes after the retirement of the former Managing Director and CEO, Mr. Jeff Quartermaine, who concluded his tenure on September 30, 2025. Mr. Jones had previously assumed the role of CEO-Designate on August 18, 2025, marking a strategic leadership transition within the company.

The announcement was made public through a market release authorized by Mr. Rick Menell, the Chairman of the Board. Mr. Jones's appointment aligns with Perseus Mining's commitment to maintaining strong leadership as it navigates the complexities of the mining sector. The company had previously detailed Mr. Jones’s extensive experience and remuneration package in an earlier market release dated August 1, 2025.

Perseus Mining, listed on both the ASX and TSX under the code PRU, maintains a robust capital structure, comprising 1,351,166,409 ordinary shares and 8,618,344 performance rights. The company’s registered office is located at Level 2, 437 Roberts Road, Subiaco, WA 6008, with various directors overseeing different functions, including Amber Banfield, Elissa Cornelius, Dan Lougher, John McGloin, and James Rutherford, among others.

Stakeholders can reach out to Mr. Jones directly at his provided email or through Stephen Forman, Investor Relations, and Nathan Ryan, Media, for further inquiries. This leadership change is expected to guide Perseus Mining as it continues to grow and excel in the mining industry.

The recent appointment of Mr. Craig Jones as the Managing Director and Chief Executive Officer of Perseus Mining Limited (ASX/TSX: PRU) marks a pivotal moment in the company’s strategic trajectory. With this transition following the retirement of former CEO Jeff Quartermaine, investors should closely monitor how this leadership change impacts the company’s operational efficiency and market positioning.

Craig Jones's introduction as CEO-Designate on August 18, 2025, demonstrates a structured leadership transition, which can mitigate potential disruptions. His prior experience, detailed in the market release from August 1, 2025, will be instrumental in steering the company through dynamic market conditions and in leveraging its operational capabilities. Investors should evaluate his strategic vision and operational focus as potential indicators of the company's future performance.

Given that Perseus Mining has a significant capital structure with over 1.35 billion ordinary shares outstanding, market liquidity will be integral to how shareholders perceive this leadership change. It’s essential for investors to assess market sentiment, particularly in the context of Perseus's ongoing projects and growth initiatives.

Furthermore, with the increasing demand for gold and geopolitical uncertainties, Perseus's position in the mining sector may provide growth opportunities. Investors should analyze how Mr. Jones plans to enhance shareholder value, manage costs, and drive production efficiencies in the current economic climate.

In summary, while Mr. Jones’s leadership holds potential, investors are advised to remain vigilant. Keeping abreast of operational updates and strategic initiatives in the coming quarters will be crucial to informed decision-making. A well-articulated vision and execution plan from the new CEO could position Perseus Mining favorably, both for short-term gains and long-term sustainability in the market.