Key updates from Predictive Discovery Limited (ASX: $PDI)

Predictive Discovery Limited (ASX: $PDI) has released strong drilling results from the NEB and BC area of its 5.38Moz Bankan Gold Project in Guinea. The company is focused on ongoing resource definition drilling programs to support the Definitive Feasibility Study (DFS) and aims to extend the planned 12-year mine life. Additionally, the company has provided an update on the process to secure an Exploitation (Mining) Permit for the Project.

Executive commentary from PDI's Managing Director, Andrew Pardey

'These latest results in the NEB area continue to highlight multiple avenues to enhance and extend the Bankan Gold Project's already robust 12-year mine life. At BC, infill drilling has recorded numerous strong intercepts below the PFS pit design, including an outstanding result of 43m @ 5.58g/t from 128m, reinforcing the opportunity to increase the current 207Koz BC Ore Reserve. The very positive results at 800W build on previous exploration drilling, and continue to define a shallow orebody situated just north-west of the NEB deposit. Submission of the ESIA to the Government of Guinea in June marked a key milestone in the permitting process for the Bankan Gold Project, and was the result of more than two years of environmental and social surveys, studies and engagement. I'd like to thank the Government and other key stakeholders for their support to date, and look forward to working closely together to continue advancing Africa's largest gold development project.'

Summary of drilling results and outlook

The drilling results from the resource definition drilling at the BC deposit and the 800W target have been positive, with multiple strong intercepts recorded. Predictive Discovery (ASX: $PDI) is focused on infill drilling at BC and Gbengbeden, aligned with the potential to increase Ore Reserves, and resource development drilling programs at 800W and SB to define maiden Mineral Resource estimates later in 2024. The company has also made significant progress in the permitting process for the Bankan Gold Project, with the submission of the ESIA marking a key milestone. Predictive Discovery's strategy to identify and develop gold deposits within the Siguiri Basin, Guinea, remains on track, with the Bankan Project being highly prospective for additional discoveries.