Perseus Announces Sale of Interest in Meyas Sand Project

Perseus surrenders in Sudan for $372m

The gold miner has called it a day in one of the world’s most dangerous countries by selling a majority stake in the Meyas Sand project.

Perseus Announces Sale of Interest in Meyas Sand Project

Perth, Western Australia, March 16, 2026 (GLOBE NEWSWIRE) -- PERSEUS ANNOUNCES SALE OF GROUP INTEREST IN MEYAS SAND PROJECT IN SUDAN

Perseus sells Sudan gold prospect as civil war rages on

PERSEUS Mining has thown the towel in on its Sudan gold exploration holdings agreeing to the sale of Meyas Sand Gold Project to China’s Matrix Group for $260m (A$370m). The Australian-headquartered miner acquired MSGP in February 2022 after buying the shares of Toronto-listed Orca Mining for A$230m. The sale, which is to be completed by April 22, sees Perseus recoup its acquisition and operating costs with a book gain. Matrix Group is owned by Z…

Perseus divests Sudan stake for US$260m

Civil unrest has played a role in Perseus electing to divest its 70 per cent stake in the Meyas sand project in Sudan.