The Company’s key asset is the Tier-1 Bankan Gold Project in Guinea, which is the largest gold discovery in West Africa in a decade. With a growing resource base of 5.38Moz Au (4.14Moz indicated and 1.24Moz inferred), PDI’s strategy is to sustainably bring Bankan into production whilst identifying and developing other deposits within this underexplored region.
PDI has launched a range of studies and programs, to progress the Bankan Gold Project towards development. Baseline social, environmental and biodiversity studies are underway as part of an extensive Environmental & Social Impact Assessment (ESIA). A Pre-Feasibility Study (PFS) is currently in progress and due to be completed in Q1 2024, having been recently upgraded from a Scoping Study.
The PFS, together with the ESIA, are key documents in the permitting process for the Project, and PDI is aiming to secure an Exploitation Permit in mid-2024.
The Bankan permits, which contain a 35km long gold super-structure, are highly prospective for additional discoveries. PDI is ramping up its near-resource and regional exploration efforts, with multiple targets being tested by drilling.
Through the sustainable development of the Bankan Gold Project into a Tier-1 mine and identification and development of other deposits, PDI will deliver value for our shareholders, employees, local communities and the Government of Guinea. We understand that we have an important role to play within our local communities and within Guinea, as well as in returning value to our shareholders.
Our purpose directs our decisions and actions and shapes the Company’s culture and strategy.