Exploration drilling results at Bankan Gold Project

Predictive Discovery Limited (ASX:PDI) is pleased to report positive exploration drilling results from the Bankan Gold Project in Guinea. The latest drilling at Argo target, Fouwagbe, has delivered promising results, extending the mineralisation along strike to both the north-east and south-west of initial reverse circulation drilling results. The ongoing near-resource exploration program continues to produce positive results near NEB and BC, with multiple high-priority targets at Argo showing excellent progress.

Managing Director's commentary on exploration results

PDI's exploration is currently focused on drilling the numerous regional Argo targets and near-resource targets, both where we are making excellent progress. We have multiple high-priority targets at Argo from our exploration work so far, including the exciting Fouwagbe target, where initial follow-up drilling has delivered promising results which extend the mineralisation in both directions along strike from the initial discovery holes. Near-resource targets 800W, SB, and SEB continue to deliver positive results, and with the level of drilling now completed, we can see potential for these to become satellite deposits that could feed an operation centered around the NEB and BC deposits. The Bankan Gold Project has enormous exploration upside, and PDI will continue to systematically advance multiple exploration programs with the aim of discovering more ounces to grow the current 5.38Moz resource.

Summary of exploration drilling results and outlook

The exploration drilling results at Bankan Gold Project have shown promising extensions of mineralisation at the Argo target, particularly at the Fouwagbe area. The ongoing near-resource exploration program near NEB and BC has also delivered positive results, indicating the potential for these areas to become satellite deposits supporting a future operation centered around the NEB and BC deposits. Predictive Discovery aims to sustainably develop Bankan into a Tier-1 gold mine and is currently focused on completing a Pre-Feasibility Study and ESG studies as crucial steps towards securing a mining permit for the Project in mid-2024. The Company is highly prospective for additional discoveries and is exploring targets near the NEB and BC deposits, and regionally to the north along the 35km gold superstructure which runs through the permits.