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Predictive Discovery Ltd has received firm commitments to raise A$50 million in a placement to fund resource definition and exploration drilling at the Bankan Gold Project in Guinea and the completion of a definitive feasibility study (DFS).

A prefeasibility study (PFS) on ASX-listed Predictive Discovery’s Bankan project, in Guinea, has confirmed that the project is one of the largest discoveries in West Africa and potentially also a future tier-one mine, MD Andrew Pardey says.

Predictive Discovery Ltd has released a pre-feasibility study (PFS) for its Bankan Gold Project in Guinea, detailing robust production and financial metrics that underscore the project’s global appeal.

A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value more than $210 million higher than its capital costs.

ASX-listed Predictive Discovery has revealed “promising” findings from its regional drilling activities at the Bankan gold project, in Guinea, which has a substantial 5.38-million-ounce gold reserve.

Predictive Discovery Ltd is making steady progress in advancing its key asset, the Tier-1 Bankan Gold Project in Guinea, which is the largest gold discovery in West Africa in a decade.