Perseus Mining's Increased Stake in Predictive Discovery Limited

Perseus Mining Limited (ASX:PRU) has announced an increase in its relevant interest in Predictive Discovery Limited (ASX:PDI) to 19.9%. The funding for this acquisition was facilitated by the proceeds from the unwinding of its previously announced cash settled equity swap position in Predictive.

Executive Commentary

Perseus has increased its stake in Predictive to 19.9%, demonstrating our confidence in the company's potential. This investment aligns with our strategic objectives and reflects our positive outlook on Predictive's future prospects. We have no current intention to acquire control or make a takeover offer for Predictive, subject to certain conditions.

Summary of Perseus Mining's Investment in Predictive

Perseus Mining Limited (ASX:PRU) has increased its relevant interest in Predictive Discovery Limited (ASX:PDI) to 19.9%. The funding for this acquisition was facilitated by the proceeds from the unwinding of its previously announced cash settled equity swap position in Predictive. The company has no current intention to acquire control or make a takeover offer for Predictive, subject to certain conditions. This move reflects Perseus's confidence in Predictive's potential and aligns with its strategic objectives. The outlook for this investment is positive, and further details will be disclosed in a Form 604 Notice of Change of Substantial Interest to be released on the ASX platform.