Predictive Discovery (PDI) has uncovered high-grade gold from its latest drilling work at its Bankan gold project in Guinea, West Africa.

PREDICTIVE Discovery has reported attractive infill and extensional drill results at the dominant 3.9 million ounce NE Bankan deposit in Guinea as 10 rigs bore away.

Predictive Discovery Ltd has announced new results from resource drilling at its 4.2 million oz (inferred) Bankan Gold Project, located in Guinea.

Australian exploration and mining company Predictive Discovery anticipates that the gold resource at its Bankan project in Guinea will increase as further tests are carried out, managing director Andrew Pardey tells The Africa Report.

The Bankan project, which is planned to start production in 2025, holds potential to become the largest gold mine in the country.

Predictive Discovery (ASX:PDI) announced today that the company has received firm commitments for the placement to raise A$55 million (before costs) from institutional, sophisticated and professional investors for its 3.65Moz Bankan gold project in Guinea, West Africa.

Australian exploration firm Predictive Discovery has agreed $55 million in funding from institutional investors through a share placement to develop its Bankan gold project in Guinea, it said on Monday.

Predictive Discovery is entering a new chapter as the company looks to expand its Bankan once in a decade gold discovery in Guinea and build West Africa’s next tier one gold mine.

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Australian exploration and mining company Predictive Discovery anticipates that the gold resource at its Bankan project in Guinea will increase as further tests are carried out, managing director Andrew Pardey tells The Africa Report.