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Why Perseus Sold Its 70% Stake in Sudan’s Meyas Sand Project for US$260M
8:28am on Monday 16th of March, 2026 AEDT
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Mining
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Why Perseus Sold Its 70% Stake in Sudan’s Meyas Sand Project for US$260M
8:28am on Monday 16th of March, 2026 AEDT
Key Points
Sale of 70% interest in Meyas Sand Project to Hong Kong Matrix Golden Fortune Mining Limited
Transaction valued at US$260 million with US$10 million deposit received
Completion scheduled for 22 April 2026 with US$250 million payable
Divestment follows strategic review influenced by Sudan’s armed conflict
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