Quarterly activities report highlights

Predictive Discovery (ASX:PDI) released its quarterly activities report for the period ending 30 September 2024. The report detailed significant progress at the Bankan Gold Project in Guinea, West Africa, including extensive drilling results, permitting process advancements, and progress in the Definitive Feasibility Study.

Summary of Predictive Discovery's progress

Predictive Discovery Limited (ASX:PDI) has made significant strides in advancing the Bankan Gold Project in Guinea, West Africa, as outlined in their quarterly report for the period ending 30 September 2024. Key activities included the completion of nearly 35,000 meters of drilling with notable results, the advancement of the Environmental and Social Impact Assessment, and the appointment of key consultants for the Definitive Feasibility Study, which is expected to be completed in the second half of 2025. The company holds $41.8 million in cash with no debt, and Perseus Mining Limited has acquired a 19.86% shareholding in PDI. Looking ahead, the company plans additional drilling and exploration activities, continued resource definition drilling, and further engagement in the permitting process, emphasizing its strategy for resource development and community engagement.

Executive commentary on quarterly progress

The extensive drilling results and progress in our Definitive Feasibility Study underline our commitment to advancing the Bankan Gold Project. The completion of nearly 35,000 meters of drilling and the identification of new mineralized zones reflect our strategic focus on resource expansion and development. The high satisfaction rate from local communities in the permitting process is a testament to our commitment to sustainability and community engagement.