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Predictive Discovery (ASX: $PDI) confirms near-resource drilling results

Overview of Predictive Discovery's recent drilling results


Predictive Discovery Limited (ASX: $PDI) has announced further near-resource drilling results from the 5.38Moz Bankan Gold Project in Guinea. The drilling aimed to discover additional deposits close to NEB and BC, with the potential to enhance the production profile reported in the recent Pre-Feasibility Study. The results in this announcement are from 82 holes for 7,285m.

Managing Director's perspective on the drilling results


The area around NEB and BC is showing excellent potential to host multiple satellite deposits. Pleasingly, these latest results have BC East also emerging as an area of interest, with encouraging results in the same structural corridor that hosts the BC deposit. SB has delivered additional shallow intercepts on the eastern edge of the target area, which indicate a third mineralized zone. The discovery of satellite deposits near NEB and BC is one of the key opportunities identified in the PFS, and has the potential to improve PFS outcomes and bring numerous benefits such as mine life extension and mine planning flexibility. Near-resource exploration will therefore remain a key focus for PDI moving forward, to complement the regional exploration program currently centered on the Argo area.

Summary of near-resource drilling results and future plans


Predictive Discovery (ASX: $PDI) has reported positive BC East and South Bankan drilling results in Guinea, indicating the potential for multiple satellite deposits near NEB and BC. The company's focus on near-resource exploration aims to complement the regional exploration program and enhance the production profile outlined in the recent Pre-Feasibility Study. Infill drilling is underway at BC to upgrade Inferred Mineral Resources beneath the PFS pit design, presenting an optimization opportunity. The company's strategy is to identify and develop gold deposits within the Siguiri Basin, Guinea, with the Bankan Gold Project being its key asset. The project is highly prospective for additional discoveries, and the company is exploring targets near the NEB and BC deposits, as well as regionally to the north along the 35km gold superstructure which runs through the permits. The company's Managing Director, Andrew Pardey, emphasized the potential benefits of the discovered satellite deposits and highlighted the importance of near-resource exploration for the company's future endeavors.

PREDICTIVE DISCOVERY LIMITED
PDI | ASX | Materials
0.185-0.005(-2.63%)
At close 05/07 (AEDT)
Market cap
$445.9M
Volume
415,180
DY Yield
0
PE Ratio
0
52 Week Range
0.158 - 0.25
1YR Return
1,113.115%

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