The Bankan Gold Project has significant exploration upside, and there is excellent potential to increase the Project’s Mineral Resource base and mine life.
Numerous near-surface prospects have been identified within 3kms of the NEB and BC deposits. Initial drilling has returned encouraging results from multiple targets, highlighting excellent potential for new satellite deposits to be defined over time which can extend the Bankan Project’s mile life.
Regional exploration has to-date been focused on the Argo area, 15-20km north of NEB along the major gold structural corridor that represents the western margin of the Siguiri Basin. It contains numerous active and inactive artisanal gold workings. Argo has excellent potential to host significant gold deposits and multiple targets have been defined.
Maiden Mineral Resources estimated have been completed for the Fouwagbe and Sounsoun deposits at Argo, totalling 153Koz of gold. Encouraging results have also been received from multiple other targets.
PDI has been made aware that, on 26 May 2025, that Guinea’s Ministry of Mines and Geology (“MMG”) announced the revocation of over 100 exploration permits, including the Argo and the Bokoro exploration permits. PDI intends to appeal the Argo and Bokoro revocations in accordance with the Mining Code.
(Note: refer to ASX announcement “Argo and Bokoro Exploration Permits Update” on 28 May 2025)
